WeWork rival IWG’s half-year profit surges on high demand, improved pricing
(Reuters) -Office rental firm IWG retained a “cautiously optimistic” outlook after posting a 48% surge in half-year profit..
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Germany’s Fraport sees earnings boost on higher passenger volumes
(Reuters) -Frankfurt Airport operator Fraport on Tuesday updated its 2023 core profit and net income forecasts, after first-half earn..
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Asian markets down, dollar up after weak China trade data
SYDNEY (Reuters) – Asian share markets were mostly weaker on Tuesday but the dollar strode higher as investors digested weaker C..
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UBS shuffles bank bosses in bid to better compete with Wall Street
LONDON/NEW YORK (Reuters) -UBS on Monday announced an overhaul of its investment banking division, including naming the unit’s ..
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TSMC to decide in favour of German factory on Tuesday – Handelsblatt
BERLIN (Reuters) – Taiwanese semiconductor manufacturer TSMC’s board of directors will decide in favour of building a fact..
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After heatwave, looming typhoon forces scouts to evacuate South Korea campsite
SEOUL (Reuters) – Tens of thousands of youngsters will be evacuated from the campsite of the World Scout Jamboree in South Korea..
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Heatwave caused higher than normal death rate in southern Italy
ROME (Reuters) – The central and southern regions of Italy recorded 7% more deaths than normal in July after a baking heatwave, ..
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BioNTech reduces drug development spend as COVID vaccine sales plunge
By Ludwig Burger and Patricia Weiss FRANKFURT (Reuters) -Germany’s BioNTech, Pfizer’s partner on COVID-19 vaccines, cut i..
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German regulator rejects request for postage stamp price hike
BERLIN (Reuters) -Germany’s federal network regulator has rejected a request by postal service operator Deutsche Post to raise ..
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Miners drag London stocks lower; Unite Group slips
(Reuters) -The UK’s exporter-heavy FTSE 100 index dipped on Monday, weighed down by heavyweight miners, while shares of Unite Gr..
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German space firm OHB plans to delist as KKR takes minority stake
By Alexander Hübner BERLIN (Reuters) -Germany’s OHB on Monday said U.S. financial investor KKR was buying a minority stake in t..
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Russia to evacuate village for first lunar lander mission in half century
(Reuters) – Russia will evacuate a village in its far east on Aug. 11 as part of the launch of Russia’s first lunar lande..
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Oil holds steady near four-month high on OPEC+ cuts
By Florence Tan and Emily Chow SINGAPORE (Reuters) -Oil prices edged down on Monday, but were still near their highest levels since m..
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Dollar on guard as US inflation test looms
By Rae Wee SINGAPORE (Reuters) – The dollar was on the defensive on Monday after a mixed U.S. jobs report provided little direc..
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Cycling-Men’s world championships race interrupted by climate protesters
GLASGOW (Reuters) -Protesters halted the elite men’s road race at the UCI World Championships for almost an hour on Sunday, stop..
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Huawei ban would cost German rail operator 400 million eur – Spiegel
BERLIN (Reuters) – Germany’s national railway operator would have to spend up to 400 million euros ($437.44 million) to r..
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Commerzbank shares slump on outlook, despite 20% profit rise
By Tom Sims and Frank Siebelt FRANKFURT (Reuters) -Commerzbank’s shares sank 5% on Friday, despite a big jump in net profit in ..
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EnBW sees FY adjusted EBITDA at upper end of forecast range
BERLIN (Reuters) – German utility EnBW confirmed its full-year outlook on Friday, with adjusted earnings before interest, taxes,..
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Germany’s Lanxess calls on government to help chemicals industry
By Linda Pasquini and Antonis Pothitos (Reuters) – Chemicals group Lanxess set out plans to cut costs on Friday and called on G..
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Credit Agricole beats estimates on insurance, consumer finance
PARIS (Reuters) – Credit Agricole SA, France’s second-largest listed bank, reported better-than-expected quarterly earning..
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WPP lowers full-year forecast as tech clients curb spending
LONDON (Reuters) -WPP, the world’s biggest advertising group, downgraded its full-year like-for-like growth forecast to 1.5-3.0..
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BNP Paribas lowers its Bank of England terminal rate forecast
(Reuters) – BNP Paribas on Friday lowered its Bank of England (BoE) terminal rate forecast to 5.50% from a prior estimate of 5...
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UK’s July new car sales up more than 25%- SMMT
(Reuters) – New car registrations in Britain rose more than 25% in July from a year ago, marking its 12th consecutive monthly r..
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Dollar struggles before payrolls test; Aussie rebounds
By Kevin Buckland and Brigid Riley TOKYO (Reuters) – The dollar hung back from a four-week high against major peers on Friday a..
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Amazon forecasts bright Q3 on resilient cloud sales, shopping trends
(Reuters) -Amazon.com Inc on Thursday reported sales growth and profit that beat Wall Street’s expectations as the company deliv..
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German services sector loses momentum-PMI
BERLIN (Reuters) – Growth in Germany’s services sector slowed in July for the second consecutive month, due to a drop in d..
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SWIMMING LESSONS: A BROKEN SYSTEM WE HAVE BECOME ACCUSTOMED TO
By Selena Willows – CEO Swim to Safety Swimming is a body skill and just like learning to walk, run, ride a bike, or any other ..
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Siemens Healthineers confirms outlook despite problems at Varian
(Reuters) -U.S.-German medical device maker Siemens Healthineers on Wednesday confirmed its outlook for the year despite an unexpected..
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Taylor Wimpey expects full-year profits to halve amid housing gloom
LONDON (Reuters) -Taylor Wimpey’s pledge to build more homes than previously forecast boosted the British housebuilder’s s..
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UK lender Virgin Money sticks to annual outlook despite mortgage pressures
(Reuters) -British challenger bank Virgin Money UK on Wednesday maintained its full-year outlook and reported stable net interest mar..
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Stocks drop, Treasuries gain after Fitch downgrades US rating
By Xie Yu HONG KONG (Reuters) – Asian stocks and U.S. Treasury yields declined on Wednesday after ratings agency Fitch unexpect..
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Fresenius Medical forecasts smaller income decline as cost inflation eases
By Ludwig Burger and Patricia Weiss FRANKFURT (Reuters) – Dialysis group Fresenius Medical Care on Wednesday said a possible ea..
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Analysis-Point of no return: Australians fight for the right to work from home permanently
SYDNEY (Reuters) – Before COVID-19 sent one-third of the global workforce home, the Melbourne property surveyor that employs dro..
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BP to defend its rights in dispute with Venture Global LNG; other clients weigh options
LONDON/HOUSTON/LISBON (Reuters) -BP will defend its rights “to the absolute fullest” in an arbitration case against U.S. e..
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Apple heads for largest Q3 revenue drop since 2016 as iPhone sales slow
(Reuters) – Apple is likely to report a dip in iPhone sales in the April-June quarter as shoppers held out for a new model in a ..
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European shares retreat as factory activity falters
(Reuters) -European stocks slipped on Tuesday, with the German DAX pulling back from record highs as shrinking factory activity in the..
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Spain’s factory activity shrinks again in July on weak demand -PMI
MADRID (Reuters) – Factory activity in Spain contracted for the fifth consecutive month in July as domestic and foreign demand ..
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