European Press Roundup: Airbus, Paris Test the Ground on Flying Taxis
20 Maio 2019 - 8:48AM
Dow Jones News
In Europe today, Ryanair Holdings PLC, Europe's biggest budget
airline, warned profit would be dented by the grounding of Boeing
737 MAX jets and Swiss voters approved a government plan to
eliminate certain tax breaks for multinational companies. Read
about the above topics on Dow Jones Newswires or WSJ.com.
In Other Media...
Paris state-owned public transport operator RATP and Airbus
signed a memorandum of understanding to explore the viability of
flying taxis. -La Tribune
Mike Ashley's Sports Direct is in talks with landlords and other
third parties about a potential legal challenge to the
restructuring of UK retail chain Debenhams, which wiped out
shareholders. Creditors have until June 6 to challenge agreements
which will allow Debenhams to close at least 22 stores and slash
rents on dozens more. -The Guardian
Germany is preparing legislation this week to improve its
standing as a hub for research and development by making EUR1.25
billion in subsidies available to state and federal governments
annually. -FAZ
Proposals by the opposition Labour party for British companies
to hold 10% of their shares in trust for their employees would have
raised about GBP7 billion for the U.K. government in 2018,
according to an analysis by the Times of London. Staff would have
shared GBP2.3 billion but the state would benefit from a transfer
of dividend payments. -Times of London
Former British Prime Minister Gordon Brown calls for a probe
into the Brexit Party's funding over concerns that its
no-questions-asked funding model could lead to foreign interference
in U.K. elections. -Guardian
Banco Montepio's 50 biggest debtors are responsible for EUR700
million in nonperforming loans, while just 10 customers account for
40% of the total. Around EUR290 million of these debts has already
been written off but the bank continues to hold more than EUR400
million of the toxic loans on its balance sheet. -Publico
Elmar Degenhart, CEO of German automotive supplier Continental,
isn't convinced that it will be possible to develop an attractive
business model from battery-cell production for electric cars in
Germany. "For cost reasons, there is no understandable reason for
me to invest in Germany," he said. From his perspective, production
in Germany would have a major competitive disadvantage because of
high energy costs. -Tagesspiegel
Write to Barcelona editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
May 20, 2019 07:33 ET (11:33 GMT)
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