Italy PM Meloni takes ‘full responsibility’ for bank tax
MILAN (Reuters) -Italian Prime Minister Giorgia Meloni on Monday took “full responsibility” for last week’s shock d..
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Analysis-Big losses in Russia-linked stocks have investors rethinking other depositary receipts
By Sinead Cruise and Carolina Mandl LONDON/NEW YORK (Reuters) – Global investors are losing confidence in securities linked to ..
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UK employers plan 5% pay rises, many resort to counteroffers: CIPD
By David Milliken LONDON (Reuters) – British employers expect to raise pay by 5% over the coming year and are increasingly maki..
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Best business to invest in
In today’s rapidly changing and interconnected world, the realm of investment offers an abundance of promising opportunities th..
Investment
Lloyd’s of London insurer Hiscox profit spikes on premium rise
By Carolyn Cohn LONDON (Reuters) -Lloyd’s of London insurer Hiscox posted a sharp rise in pretax profit on rising premium rates..
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Bottler Coca-Cola HBC lifts sales outlook
By Radhika Anilkumar (Reuters) -Coca-Cola HBC lifted its annual revenue forecast on Wednesday as the bottler benefited from higher pr..
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Germany’s Delivery Hero hikes 2023 revenue guidance
(Reuters) -German online takeaway food company Delivery Hero on Wednesday raised its full-year revenue outlook, after it swung to a p..
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Slowing down to speed up
By Tracy Richardson, Therapist (MSc), Wellness Consultant, and Founder of Serendipity Wellness Focussing upon ‘crushin..
Opinion
Greek EU-harmonised inflation rises to 3.5% y/y in July
(Reuters) – Greece’s annual EU-harmonised inflation accelerated to +3.5% in July from +2.8% in June, data showed on Tuesd..
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No quick fix to reverse Antarctic sea ice loss as warming intensifies – scientists
By David Stanway SINGAPORE (Reuters) – Sea ice in the Antarctic region has fallen to a record low this year as a result of risi..
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Fund manager abrdn’s assets hit by market volatility, shares dive
(Reuters) -Fund manager abrdn’s shares fell nearly 9% on Tuesday after it reported a drop in assets under management in the fir..
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Video-gaming revenue to grow 2.6% in 2023 on console sales strength – report
By Akshita Toshniwal (Reuters) – Global video-games market would return to growth in 2023 on the back of strong sales of consol..
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WeWork rival IWG’s half-year profit surges on high demand, improved pricing
By Aby Jose Koilparambil (Reuters) -Office rental firm IWG retained a “cautiously optimistic” outlook after posting a 48%..
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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
By Scott Murdoch SYDNEY (Reuters) – Asian share markets were mostly weaker on Tuesday but the dollar strode higher as investors..
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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 fac..
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After heatwave, looming typhoon forces scouts to evacuate South Korea campsite
By Hyunsu Yim and Ju-min Park SEOUL (Reuters) – Tens of thousands of youngsters will be evacuated from the campsite of the Worl..
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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
By Shreyashi Sanyal (Reuters) -The UK’s exporter-heavy FTSE 100 index dipped on Monday, weighed down by heavyweight miners, whi..
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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
By Martyn Herman GLASGOW (Reuters) -Protesters halted the elite men’s road race at the UCI World Championships for almost an ho..
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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
By Mathieu Rosemain PARIS (Reuters) – Credit Agricole SA, France’s second-largest listed bank, reported better-than-expec..
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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
By Jeffrey Dastin and Chavi Mehta (Reuters) -Amazon.com Inc on Thursday reported sales growth and profit that beat Wall Street’..
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