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REUTERS/Stefan Wermuth/File Photo Acquire Licensing RightsLONDON, Nov 20 (Reuters) - Nacho Gutiérrez-Orrantia, one of Citi's (C.N) 's most senior bankers in Europe, will become the bank's head of banking in Europe as part of its planned restructuring, people familiar with the situation said. In his new role of head of the Europe cluster, the Spanish banker will look after Citi´s businesses in the region. Prior to the restructuring, Europe was part of its EMEA business unit, the second-largest region on a revenue basis, according to Citi's 2022 annual report. Gutiérrez-Orrantia was appointed in 2021 as its co-Head of Banking, Capital Markets and Advisory (BCMA) for Europe, Middle East and Africa (EMEA) and has spent 19 years at the bank. The US bank recently appointed former Deutsche Bank UK deputy CEO Tiina Lee as UK Citi Country Officer (CCO) and UK cluster and banking head.

Persons: Stefan Wermuth, Nacho Gutiérrez, Orrantia, Jens Welter, Jane Fraser, Ernesto Torres, Tiina Lee, Andres Gonzalez, Pablo Mayo Cerquerio, Anousha Sakoui, Louise Heavens Organizations: Citibank, City of, REUTERS, Reuters, Citi, EMEA, Banking, Capital Markets, Advisory, Bilbao, Credit Suisse, Deutsche Bank UK, Citi Country, Thomson Locations: City, City of London, Europe, Spanish, Middle East, Africa, EMEA, America, Asia South, Asia, Australia, Japan

☆ Cisco slumps after cutting annual profit, revenue forecasts
▼ + stars: | 2023-11-16 | by ( Arsheeya Bajwa | ) www.reuters.com time to read: +2 min

The Cisco logo is displayed, during the GSMA's 2023 Mobile World Congress (MWC) in Barcelona, Spain March 1, 2023. REUTERS/Nacho Doce/File Photo Acquire Licensing RightsNov 16 (Reuters) - Cisco (CSCO.O) tumbled more than 12% on Thursday after cuts to its annual forecasts raised fears that excess inventory with customers was sapping new orders in its mainstay networking equipment business. Cisco blamed the weakness on a slowdown in orders in the first quarter, saying "customers are currently focused on installing and implementing products in their environments". "Now, they've exhausted their excess backlog and the business is stepping back down to lower revenue run rates," Jefferies analyst George Notter said in a note. Cisco trades at more than 13 times its 12-month forward earnings estimates, compared with the industry median of 10.98.

Persons: Nacho, Jefferies, George Notter, Notter, Morningstar, William Kerwin, Arsheeya, Pooja Desai Organizations: Cisco, Congress, REUTERS, Thomson Locations: Barcelona, Spain, Bengaluru

☆ Cisco lowers annual forecasts on slowdown in new orders
▼ + stars: | 2023-11-15 | by ( Samrhitha A | ) www.reuters.com time to read: +2 min

The Cisco logo is displayed, during the GSMA's 2023 Mobile World Congress (MWC) in Barcelona, Spain March 1, 2023. The company estimates one to two quarters of shipped product orders are still waiting to be implemented by customers. For the full year, Cisco expects revenue between $53.8 billion and $55.0 billion, and adjusted per-share earnings in the range of $3.87 to $3.93. The company had previously forecast annual revenue of $57.0 billion to $58.2 billion, and adjusted per-share earnings of $4.01 to $4.08. For the second quarter, Cisco expects revenue between $12.6 billion and $12.8 billion, missing analysts' estimates of $14.19 billion, according to LSEG data.

Persons: Nacho, Scott Herren, Samrhitha, Shounak Dasgupta Organizations: Cisco, Congress, REUTERS, Cisco Systems, Juniper Networks, Arista Networks, Revenue, Thomson Locations: Barcelona, Spain, Bengaluru

☆ Musk's Starlink secures $90 mln contract to offer free internet in Mexico
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

SpaceX founder and Tesla CEO Elon Musk speaks on a screen during the Mobile World Congress (MWC) in Barcelona, Spain, June 29, 2021. REUTERS/Nacho Doce/File Photo Acquire Licensing RightsMEXICO CITY, Nov 15 (Reuters) - Starlink, the satellite internet service of billionaire Elon Musk, has secured a 1.56 billion peso ($89.80 million) contract to offer free internet in Mexico until the end of 2026, a Mexican government official said on Wednesday. Mexico has signed contracts for free internet with nine companies, including Starlink, Calderon added. Starlink is also set to provide infrastructure for Mexico's state energy firm through December 2026, according to documents seen by Reuters. The contract to work with Mexico's Comision Federal de Electricidad (CFE) is valued at between 887.5 million pesos and 1.8 billion pesos.

Persons: Elon Musk, Nacho, Musk's, Carlos Emiliano Calderon, Calderon, Raul Cortes Fernandez, Sharon Singleton Organizations: SpaceX, Mobile World Congress, REUTERS, MEXICO CITY, Starlink, Reuters, Mexico's Comision, Thomson Locations: Barcelona, Spain, MEXICO, Mexico

☆ BlackRock-backed Jolt launches on-street EV chargers in UK
▼ + stars: | 2023-11-14 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

REUTERS/Nacho Doce/File Photo Acquire Licensing RightsLONDON, Nov 14 (Reuters) - Australian charging company Jolt, which has received backing from U.S. fund manager BlackRock (BLK.N), said on Tuesday it is rolling out on-street EV chargers in London as parts of plans to install 5,000 chargers in Britain over the next three to five years. Jolt is rolling out chargers in the London borough of Barnet and CEO Doug McNamee said the company was in talks to do the same in other boroughs. Barnet has received a 2.1 million pound ($2.6 million) government grant for EV charging infrastructure. Its chargers feature advertising, which pays for 7 kilowatt hours of free charging for consumers, or around 30 miles (48.3 km) of EV range. The company currently has around 100 chargers in service, but has a "global pipeline of around 7,500 chargers," McNamee said.

Persons: Nacho, Doug McNamee, McNamee, Jolt, We've, Nick Carey, Bernadette Baum Organizations: REUTERS, BlackRock, Barnet, EV, Canadian, Telus, Thomson Locations: Sao Paulo, Brazil, U.S, London, Britain, Barnet, Australia, New Zealand, Canada, BlackRock

☆ Alejo Vidal-Quadras: Former Catalan politician shot in the face in Madrid
▼ + stars: | 2023-11-09 | by ( Pau Mosquera | Al Goodman | ) edition.cnn.com time to read: +1 min

Madrid CNN —The former president of Spain’s Popular Party in Catalonia, Alejo Vidal-Quadras, was shot in the face in Madrid on Thursday afternoon, a spokesman for Spain’s Interior Ministry told CNN. “He has been taken conscious to the hospital, whilst National Police agents are investigating the facts”, the spokesman added. Vidal-Quadras is one of the founder members of the far-right party Vox, currently the third largest force in the lower house of Spanish parliament. “I would like to send my solidarity and wishes for a speedy recovery to Alejo Vidal-Quadras,” wrote Sanchez in a post on X. We hope the investigation can clarify the facts as soon as possible and those responsible will be arrested.”This is a developing story.

Persons: Alejo Vidal, Vidal, Quadras, Vox, Nacho Doce, Santiago Abascal, it’s, Pedro Sanchez, “, ”, Sanchez Organizations: Madrid CNN, Spain’s Popular Party, Spain’s Interior Ministry, CNN, National Police, Police, Reuters Vox Party, Spanish Locations: Madrid, Catalonia

☆ Former Catalan politician shot in face in Madrid
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

[1/3] Police work at the site where Alejo Vidal-Quadras, former head of Spain's People's Party in the Catalonia region, was shot in the face, in Madrid, Spain, November 9, 2023. REUTERS/Nacho Doce Acquire Licensing RightsMADRID, Nov 9 (Reuters) - The former head of Spain's People's Party in the Catalonia region was shot in the face in Madrid on Thursday, police said. Alejo Vidal-Quadras was shot in the wealthy Salamanca area of central Madrid at about 1.30 p.m. and taken to hospital. Spanish police said they were hunting two men in connection with the shooting who were on a black Yamaha motorbike. Vidal-Quadras, 78, was the head of the centre-right PP in Catalonia and a member of the far-right Vox party.

Persons: Alejo Vidal, Quadras, Vidal, Pedro Sanchez, Graham Keeley, Angus MacSwan, Toby Chopra Organizations: Spain's People's Party, REUTERS, Rights, Yamaha, Vox, Police, Thomson Locations: Catalonia, Madrid, Spain, Rights MADRID, Salamanca, Quadras

People check new products of Xiaomi ahead of the 2023 Mobile World Congress in Barcelona, Spain February 26, 2023. Demand in the world's biggest smartphone market has long been in decline, with the COVID-19 pandemic and then a faltering economic recovery persuading customers to wait longer before upgrading their phones. IDC predicts the Chinese market is on track to achieve year-on-year sales growth in the fourth quarter after ten consecutive quarters of decline. U.S. chip designer Qualcomm also said last week that it is seeing strong demand from smartphone companies, especially in China. The Mi 14 series, priced between 3,999 yuan and 6,499 yuan ($550-$890), represents an attempt by Xiaomi to make deeper inroads into the premium smartphone market and compete with Apple (AAPL.O) and Huawei.

Persons: Nacho, Lei Jun, Will Wong, Qualcomm, Xiaomi, Yelin Mo, Brenda Goh, Edwina Gibbs Organizations: REUTERS, Rights, HK, Weibo, IDC, Huawei, Apple, Thomson Locations: Barcelona, Spain, Rights BEIJING, China, U.S

[1/2] Shipping containers move at the port of Barcelona, after stevedores' union has refused to load and unload any military material amid the war in Gaza and urged the protection of civilian populations in areas of conflict, in Barcelona, Spain, November 7, 2023. REUTERS/Nacho Doce Acquire Licensing RightsBARCELONA, Nov 7 (Reuters) - The Barcelona port stevedores' union has refused to load and unload any military material amid the war in Gaza and urged the protection of civilian populations in areas of conflict, following a similar move by Belgian transport unions last week. The decision on Monday is mostly symbolic and seeks to encourage other Spanish ports to follow suit, the secretary of the OEPB union, Josep Maria Deop, told Reuters on Tuesday. He said he was convinced there were military shipments from Barcelona because "it's a port that moves all types of goods". Israel has been targeting Hamas military operations in Gaza in the wake of the Oct. 7 attacks by Hamas Islamists on Israeli towns that left 1,400 people dead and 240 abducted.

Persons: stevedores, Josep Maria Deop, Deop, EFE, Joan Faus, Andrei Khalip, Bernadette Baum Organizations: Shipping, REUTERS, Rights, stevedores, Reuters, Western, Thomson Locations: Barcelona, Gaza, Spain, Rights BARCELONA, Belgian, Barcelona's, Israel, Libya, Western Sahara, Nicaragua

☆ SpaceX eyes $15 bln in sales next year on Starlink strength - Bloomberg News
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

SpaceX founder and Tesla CEO Elon Musk speaks on a screen during the Mobile World Congress (MWC) in Barcelona, Spain, June 29, 2021. Sales for Starlink, in particular, are expected to outpace and exceed the launch business next year as the product becomes available in more regions around the world, according to the report. SpaceX is on track to register earnings, excluding some items, of more than $3 billion, Bloomberg News said. SpaceX did not immediately respond to a Reuters request for comment. Reporting by Chavi Mehta in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Elon Musk, Nacho, Chavi Mehta, Shounak Dasgupta Organizations: SpaceX, Mobile World Congress, REUTERS, Bloomberg, Starlink, Bloomberg News, Thomson Locations: Barcelona, Spain, Bengaluru

☆ Starlink achieves cash-flow breakeven, says SpaceX CEO Musk
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: +2 min

SpaceX founder and Tesla CEO Elon Musk speaks on a screen during the Mobile World Congress (MWC) in Barcelona, Spain, June 29, 2021. REUTERS/Nacho Doce/File Photo Acquire Licensing RightsNov 2 (Reuters) - SpaceX CEO Elon Musk said on Thursday the rocket company's satellite internet unit, Starlink, had achieved cash flow breakeven. In 2021, Musk said SpaceX would spin off and take Starlink public once its cash flow was reasonably predictable. Starlink has been in the spotlight since last year as it helps provide Ukraine with satellite communications key to its war efforts against Russia. SpaceX is valued at about $150 billion and is one of the most valuable private companies in the world.

Persons: Elon Musk, Nacho, Musk, Starlink, Chavi Mehta, Joey Roulette, Shinjini Organizations: SpaceX, Mobile World Congress, REUTERS, Viasat, Russia, NASA, Wall Street, Thomson Locations: Barcelona, Spain, Ukraine, Gaza, Bengaluru, New York

☆ MercadoLibre's third-quarter profit soars past expectations
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

Stelleo Tolda, Chief Operating Officer (COO) of MercadoLibre (Online marketplace company) poses at the entrance of the company's headquarters in Sao Paulo, Brazil, July 10, 2017. The company posted a profit of $359.0 million for the July-September period, while analysts polled by LSEG expected $298.1 million. Total net revenue was around $3.8 billion in the quarter ended in September, up 39.8% year-on-year. Within the e-commerce operation, net revenue rose to $2.1 billion, up 45.2%. In its financial services arm, Mercado Pago, net revenue grew 33.2% to $1.6 billion, as the company increased the pace of lending, while its total volume of payments processed also jumped.

Persons: Stelleo Tolda, Nacho, LSEG, Andre Chaves, Chaves, Mercado, Andre Romani, Peter Frontini, Kylie Madry Organizations: REUTERS, SAO PAULO, Analysts, Mercado Pago, Thomson Locations: Sao Paulo, Brazil, Mexico, Argentina

☆ Barcelona museum throws open its doors to nudist visitors
▼ + stars: | 2023-10-29 | by ( ) www.reuters.com time to read: +1 min

The Museum of Archaeology of Catalonia held the 90-minute tour in collaboration with the Catalan Naturism Club. Visitors viewed the Bronzes of Riace exhibition of Luigi Spina's photographs depicting two large Greek bronze statues of naked warriors from the 5th century BC that were discovered in 1972 near Riace, Italy. "We wanted to make it a more colourful visit and not the typical guided tour," said guide Edgard, who also went clothes-free. "We wanted people who came to see it to feel exactly the same as the work they were looking at". Reporting by Nacho Doce; Writing by Jessica Jones; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Luigi Spina’s, Luigi Spina's, Edgard, Marta, Nacho Doce, Jessica Jones, Hugh Lawson Organizations: Archaeology Museum, Catalonia, Archaeology, Catalan, . Visitors, Thomson Locations: Barcelona, Spain, BARCELONA, Catalonia, Riace, Italy

☆ Spain's Sabadell lifts 2023 outlook for lending income and profitability
▼ + stars: | 2023-10-26 | by ( Jesús Aguado | ) www.reuters.com time to read: +2 min

The logo of Sabadell bank is displayed in Barcelona, Spain, March 16, 2023. Its net interest income (NII), earnings on loans minus deposit costs, rose 29% year-on-year to 1.24 billion euros. Higher lending income also helped the bank lift its 2023 target for return-on-tangible equity ratio (ROTE), a measure of profitability, to around 11.5% from 10.5%. Sabadell finished the quarter with a ROTE of 11.59% after net profit rose 46% year-on-year to 464 million euros, beating the 383 million analysts expected. Sabadell also announced an interim dividend of 0.03 euros per share in cash, up 50% versus last year.

Persons: Nacho, JP Morgan, Jesús Aguado, Varun, Mark Potter Organizations: REUTERS, Sabadell, British, TSB, Barclays, Thomson Locations: Sabadell, Barcelona, Spain, MADRID

☆ Taco Bell throws shade at McDonald's with debut of 'premium' nuggets. 'This is real chicken.'
▼ + stars: | 2023-10-12 | by ( Nancy Luna | ) www.businessinsider.com time to read: +4 min

Taco Bell is testing Crispy Chicken Nuggets made with all white meat. Chain reps threw shade at rivals like McDonald's when describing the quality of the Taco Bell nuggets. Taco Bell is also going after McDonald's at breakfast with the nationwide debut of breakfast tacos. According to McDonald's website, "McDonald's Chicken McNuggets are made from 100% chicken breast meat. Taco Bell rolling out Toasted Breakfast Tacos nationwideTaco Bell says its new toasted breakfast tacos are part of a plan to step up the chain's breakfast game.

Persons: Taco, Bell, —, Jessica Perri, Chef Brett Pluskalowski, didn't, Taco Bell, Nancy Luna, that's, Pluskalowski, Honey, Perri, There's, Jessica Wilson, Wilson, Taco Bell Taco Bell, Mark King, King Organizations: Taco Bell, Bell, Service, Taco, Minneapolis . Locations: Irvine , California, Minneapolis

☆ The Latest News, Headlines, and Business Stories for October 10
▼ + stars: | 2023-10-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Business: All the best deals for Amazon's October Prime Day sales. 3 things in businessAmazonAll the best October Prime Day deals. Amazon Prime Big Deals Days (also known as the October Prime Day) kicks off today.

Persons: —, you've, Yasser Qudih, Tom, Khan Yunis, Said Khatib, Janet Yellen, Chip Somodevilla, Yellen, Ray Dalio, David Risher, Kendall Jenner, Naomi Osaka, Charli D'Amelio, Tom Brady, Bob Iger, Nelson Peltz, Brady MacDonald, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Tech, Hamas, Getty, Bridgewater Associates, America, Technology, Meta, Disney, ESPN, ABC, National Hockey League, Vegas Golden Knights, Nashville Predators, Tampa Bay Lightning, Chicago Blackhawks, Pittsburgh Penguins, Amazon, PepsiCo, Sky, Delta Sky Club, LAX, LAX Sky Club, Hollywood Locations: Israel, Gaza, AFP, Dadu, Charli, Phoenix, Seattle, New York City, San Diego, London, New York

☆ Apollo, JB Capital preparing bid for Vodafone's Spanish unit, Expansion says
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Nacho Doce/File photo Acquire Licensing RightsMADRID, Oct 9 (Reuters) - U.S.-based buyout fund Apollo Global Management is readying a bid with local fund JB Capital for the Spanish unit of telecom giant Vodafone (VOD.L), the Expansion newspaper reported on Monday citing unidentified sources with knowledge of the matter. The news about a potential bid comes three weeks after British telecom investment company Zegona (ZEG.L) said it was in talks with Vodafone to buy the Spanish unit. Vodafone CEO Margherita Della Valle launched a strategic review of the Spanish unit earlier this year. Vodafone is one of the three largest telecom operators in Spain together with Telefonica (TEF.MC) and the local unit of France's Orange (ORAN.PA). Apollo and JB Capital did not immediately respond to requests for comment.

Persons: Nacho, Margherita Della Valle, Inti Landauro, Jason Neely Organizations: Vodafone, Congress, REUTERS, Rights, Apollo Global Management, JB Capital, Spanish, Telefonica, Thomson Locations: Barcelona, Spain, Rights MADRID

☆ TikTok’s Favorite Pastry Chef Wants to Build Something That Lasts
▼ + stars: | 2023-10-08 | by ( Sarah Medford | Photography Nacho Alegre For Wsj. Magazine | ) www.wsj.com time to read: 1 min

As a manager, one of his executive chefs says, Grolet gives his staff enough latitude to develop their skills and be creative. Sometimes, the chef admits, he will kill an idea only to circle back to it later. “The French have a saying,” he says. “ ‘Only stupid people don’t change their mind.’”

Persons: Grolet, ”, “, ’

☆ Thousands evacuated on Spain's Tenerife as summer wildfire re-ignites
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +1 min

MADRID, Oct 5 (Reuters) - Authorities on the Spanish island of Tenerife evacuated some 3,000 people from their homes overnight as a wildfire sparked by high temperatures and strong winds raged in a forested area already ravaged by fire in August. August's wildfire burned for days, destroying some 15,000 hectares (37,000 acres) of woodland within the national park surrounding the Mount Teide volcano, Spain's highest peak. Thousands were also evacuated then, with most returning to their homes. A firefighter plane discharges water over Guimar, as wildfires rage out of control on the island of Tenerife, Canary Islands, Spain August 22, 2023. The island, in the Atlantic off Africa's northwestern coast, is on alert for high temperatures that are expected to reach 39 degrees Celsius (102.2 degrees Fahrenheit) throughout Thursday.

Persons: Nacho, Fernando Clavijo, Clavijo, David Latona, Emma Pinedo, Andrei Khalip, Deborah Kyvrikosaios Organizations: Twitter, Emergency, REUTERS, Canary, Thomson Locations: MADRID, Tenerife, army's, Canary Islands, Spain, Madrid

☆ Jude Bellingham stars as Real Madrid defeats Napoli in the Champions League
▼ + stars: | 2023-10-04 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —Real Madrid continued its winning start in the Champions League by coming from behind to defeat Napoli 3-2 on Tuesday. Midfielder Jude Bellingham scored his eighth goal in nine appearances for Los Blancos after Vinícius Jr. had canceled out Leo Østigård’s opener for the home side. Alessandra Tarantino/APMadrid responded midway through the first half, Vinícius finishing well after Bellingham had intercepted Giovanni Di Lorenzo’s loose pass. Bellingham scores Real Madrid's second goal against Napoli. Francesco Pecoraro/Getty ImagesThe result puts Madrid top of Group C, three points ahead of Napoli and Braga.

Persons: Jude Bellingham, Vinícius Jr, Leo Østigård’s, Piotr Zieliński’s, Alex Meret –, Federico Valverde –, “, ”, Carlo Ancelotti, Natan, Østigård, Leo Østigård, Napoli's, Alessandra Tarantino, Vinícius, Giovanni Di Lorenzo’s, Meret, Zieliński, Nacho, –, Francesco Pecoraro, André, Ancelotti, “ I’m, he’s, ” Ancelotti Organizations: CNN — Real Madrid, Champions League, Napoli, Madrid, AP, Real Madrid, Bellingham, Real, Braga, Portuguese, Union Berlin, ” Madrid, Osasuna, Fiorentina, Sunday Locations: Naples, AP Madrid, Bellingham, Madrid, Napoli, LaLiga

☆ Real Madrid fight back to win five-goal thriller at Napoli
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +3 min

Real are top of Group C on six points from two games, three ahead Napoli and Braga. While there were frazzled nerves at the end, Real started the game strongly with the Vinicius and Bellingham creating all kinds of trouble for the hosts' defence. However, veteran midfielder Luka Modric climbed off the bench to liven up Real Madrid late in the game. He first put it on a plate for Bellingham, who missed a sitter from close range in the 75th minute. Reporting by Fernando Kallas in Madrid Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

Persons: Alex Meret, Vinicius Jr, Jude Bellingham, Leo, Piotr Zielinski, Federico Valverde cannoned, Real, Vinicius, Bellingham, Kepa Arrizabalaga, Giovanni Di Lorenzo, Nacho, Carlo Ancelotti, vociferously, Clement Turpin, It's, Ancelotti, Diego, Arrizabalaga, Victor Osimhen's, Luka Modric, Valverde, Modric, Fernando Kallas, Toby Davis Organizations: Real Madrid, Napoli, Champions League Group, Real, Braga, Union, Movistar, Diego Maradona, Thomson Locations: NAPLES, Italy, Real, Union Berlin, Bellingham, Vinicius, Madrid

☆ Ryanair cuts routes from Dublin home base, says more incentives needed
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +1 min

Employees work on a Ryanair plane preparing to take off at the Rosalia De Castro airport in Santiago de Compostela, Spain June 24, 2022. The Irish airline, Europe's largest by passenger numbers, cited Dublin Airport Authority's increased passenger charges and a failure to deliver a "meaningful" environmental incentive scheme as motivation for the decision. The Dublin Airport Authority said in a statement that Ryanair was exaggerating the size of increased charges and that the authority was consulting with airlines about a proposed scheme to incentivise lower-emission aircraft in 2024. It said Dublin Airport's passenger numbers had recovered to pre-pandemic levels and that it had no need to incentivise new growth given a capacity limit under the airport's planning permission. Ryanair frequently cuts capacity from airports during disputes over charges and typically allocates aircraft to airports and regions offering the best growth incentives.

Persons: Rosalia De, Nacho, Eddie Wilson, Padraic Halpin, Conor Humphries, Kylie MacLellan Organizations: Ryanair, REUTERS, Rights, Boeing, MAX, Luton Airport, Irish, Dublin Airport Authority, Thomson Locations: Rosalia De Castro, Santiago de Compostela, Spain, Dublin, Italy

☆ Cisco beefs up cybersecurity play with $28 bln Splunk deal
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +1 min

The logo of networking gear maker Cisco Systems Inc is seen during GSMA's 2022 Mobile World Congress (MWC) in Barcelona, Spain February 28, 2022. REUTERS/Nacho Doce Acquire Licensing RightsSept 21 (Reuters) - Cisco Systems (CSCO.O) on Thursday agreed to acquire cybersecurity company Splunk (SPLK.O) for about $28 billion, in its biggest acquisition ever that would bolster its network security business. "Combined, Cisco and Splunk will become one of the world's largest software companies and will accelerate Cisco's business transformation to more recurring revenue," the companies said in a joint statement. Cisco shares were down nearly 5% in premarket, while trading in Splunk stock was halted. The deal, which was unanimously approved by the boards of both Cisco and Splunk, is expected to close by the end of the third quarter of 2024 subject to regulatory approvals.

Persons: Simpson Thacher, Moore, Morgan Stanley, Flom, Splunk, Yuvraj Malik, Anil D'Silva Organizations: Cisco Systems Inc, Congress, REUTERS, Cisco Systems, Splunk's, Cisco, Splunk, Tidal Partners, Bartlett, Qatalyst Partners, Thomson Locations: Barcelona, Spain, premarket, Cravath, Slate, Bengaluru

☆ Deutsche Telekom: mooted timeline on German Huawei curbs unrealistic
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +1 min

The logo of Deutsche Telekom is pictured at the GSMA's 2023 Mobile World Congress (MWC) in Barcelona, Spain February 28, 2023. REUTERS/Nacho Doce/File photo Acquire Licensing RightsFRANKFURT, Sept 20 (Reuters) - Deutsche Telekom (DTEGn.DE) on Wednesday said the mooted timeline on Germany imposing curbs on the use of China's Huawei (HWT.UL) in its network by 2026 were not realistic, highlighting Britain's drawn-out attempts to do so. In a statement to Reuters, Deutsche Telekom questioned the need to take action that could result in a significant drop in quality of service to customers. Earlier a government official said Germany's interior ministry plans to force telecoms operators to slash the use of equipment from Huawei and ZTE in their 5G networks after a review highlighted an over-reliance on these Chinese suppliers. Reporting by Hakan Ersen; writing by Matthias Williams; editing by Rachel MoreOur Standards: The Thomson Reuters Trust Principles.

Persons: Nacho, Hakan Ersen, Matthias Williams, Rachel More Organizations: Deutsche Telekom, Congress, REUTERS, Rights, Huawei, ZTE, Thomson Locations: Barcelona, Spain, Germany

☆ Telefonica may seek damages in event of Huawei curbs in Germany
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +1 min

The logo of Spanish Telecom company Telefonica is seen during GSMA's 2022 Mobile World Congress (MWC) in Barcelona, Spain February 28, 2022. REUTERS/Nacho Doce/File Photo Acquire Licensing RightsFRANKFURT, Sept 20 (Reuters) - Telefonica Deutschland (O2Dn.DE) on Wednesday said it would consider seeking damages from the German government as well as legal action if Berlin imposed restrictions on using China's Huawei (HWT.UL) that meant retrospective changes to its network. In a statement to Reuters, Telefonica Deutschland said it was in regular contact with the German authorities and stressed the need for consistency in planning for the security of communications infrastructure. Earlier a government official said Germany's interior ministry plans to force telecoms operators to slash the use of equipment from Huawei and ZTE in their 5G networks after a review highlighted an over-reliance on these Chinese suppliers. Reporting by Hakan Ersen; writing by Matthias Williams; editing by Friederike HeineOur Standards: The Thomson Reuters Trust Principles.

Persons: Nacho, Hakan Ersen, Matthias Williams, Friederike Heine Our Organizations: Spanish Telecom, Telefonica, Congress, REUTERS, Rights, Telefonica Deutschland, Huawei, Reuters, ZTE, Thomson Locations: Barcelona, Spain, Berlin

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