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Sam Reeves

Sam Reeves

Fortune

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Lufthansa vows turnaround plan to lift 2025 earnings, amid profit drop due to strikes, rising costs and aircraft delays

Lufthansa's poor results for 2024 came despite a seven-percent increase in passengers to 131 million.

06.03.2025 10

Fortune

Sam Reeves

Mercedes to cut costs by 10% as profits dip amid a plunge in EV sales. ‘We are taking steps to make the company leaner, faster and stronger’ says CEO

The fading fortunes of the auto sector have become symbolic of a broader malaise affecting Europe's struggling top economy—a key battleground ahead...

20.02.2025 7

Fortune

Sam Reeves

Germany’s $11 billion rail disaster: How Stuttgart 21 became a never-ending infrastructure nightmare

Fifteen years after construction began, Stuttgart 21—Germany’s ambitious rail overhaul—remains unfinished, over budget, and mired in controversy.

17.02.2025 10

Fortune

Sam Reeves

Ryanair reports strong profits amid higher passenger numbers and ticket prices

Profit after tax stood at €149 million ($156 million) in the three months to the end of December compared with €15 million one year earlier.

27.01.2025 10

Fortune

Sam Reeves

European Central Bank set to cut rates for the fourth time in a row in a bid to lower inflation—despite Trump’s threat on the bloc

The central bank hiked interest rates repeatedly from 2022 to tame soaring inflation, but is now bringing them back down as price rises slow and the...

27.01.2025 10

Fortune

Sam Reeves

Political turmoil and eurozone gloom suggest third ECB rate cut incoming

The European Central Bank will seek a careful balance with its latest cut, wary of inflation, politics, and trade turbulence.

12.12.2024 6

Fortune

Sam Reeves

ECB expected to lower interest rates once again as inflation in the eurozone fades

Inflation fell to 1.8% in September, the first time it has been below the ECB's target of 2% since 2021.

14.10.2024 2

Fortune

Sam Reeves