Lonza cuts 2023 outlook on slower growth, lower customer demand
By Bartosz Dabrowski (Reuters) – Swiss contract drug manufacturer Lonza cut its full-year outlook on Friday, citing slower than..
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UK’s Labour celebrate “fantastic victory”, but more work still needed – deputy leader
LONDON (Reuters) – Britain’s opposition Labour Party was not taking anything for granted after an historic win in a local..
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British retail sales beat expectations in June
By David Milliken LONDON (Reuters) – British retail sales rose more than expected in June, boosted by unusually hot weather and..
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Global miner Anglo American’s first-half production surges 42%
LONDON (Reuters) – Global miner Anglo American said on Thursday its first-half copper production surged 42%, underpinned by the..
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Asia stocks nudge higher, gains capped by China worries
By Ankur Banerjee SINGAPORE (Reuters) – Asian shares inched higher on Thursday as investors took stock of corporate earnings an..
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ABB sees robust activity as Q2 profit beats forecasts
ZURICH (Reuters) -ABB said customer activity remained “robust” during its second quarter as the Swiss engineering company..
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Netflix quarterly revenue misses forecasts, shares slide
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) -Streaming video pioneer Netflix disappointed Wall Street on Wednesday wi..
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IBM misses second-quarter revenue estimates as tech spending cools
By Chavi Mehta (Reuters) – Enterprise software provider IBM’s second-quarter revenue fell short of Wall Street expectation..
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Dollar gains as pound tumbles on cooling UK inflation
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar bounced on Wednesday after inflation in the United Kingdom cooled more t..
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Atlas Copco posts Q2 profit beat, but sees slowing demand
(Reuters) -Swedish industrials group Atlas Copco on Wednesday reported second-quarter operating profit that beat market forecasts, bu..
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European shares gain on boost from Kering; UK stocks shine
By Amruta Khandekar (Reuters) -European shares rose on Wednesday on a boost from shares of Kering after top management changes at the..
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Truck maker Volvo’s quarterly profit surges, beats estimates
By Marie Mannes STOCKHOLM (Reuters) -Swedish truckmaker AB Volvo on Wednesday logged a better-than-expected 57% jump in second-quarte..
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Inflation surprise sets UK homebuilders for biggest rally since 2008
MILAN (Reuters) – Shares in UK property-related stocks rallied on Wednesday as investors cheered data that showed UK inflation ..
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Aviva releases H1 2023 profit guidance, growth estimates
LONDON (Reuters) – Aviva said on Wednesday it expected to deliver around 700 million pounds ($907.20 million) in group operatin..
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Canada defends digital taxes but sees path for global deal
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada on Tuesday defended its decision to push ahead with its implementation of..
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Spain antitrust watchdog fines Amazon, Apple $218 million
MADRID (Reuters) – Spain’s antitrust watchdog on Tuesday said it had imposed fines worth a total 194.1 million euros ($21..
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Nestle increases local sourcing in South Africa with new processing plant
By Anait Miridzhanian HAMMANSKRAAL, South Africa (Reuters) – Swiss food company Nestle said on Tuesday it would be locally sour..
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Swedbank profit exceeds forecast as real estate slump leaves scant mark
By Niklas Pollard STOCKHOLM (Reuters) -Swedish banking group Swedbank reported a bigger-than-expected rise in net profit on Tuesday on..
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Greece to begin selling bank stakes this autumn-sources
ATHENS (Reuters) – Greece will this autumn start selling stakes in its four largest banks, sector officials and bankers said on..
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Japan PM Kishida in Abu Dhabi for energy, green tech talks
By Rachna Uppal ABU DHABI (Reuters) – Japanese Prime Minister Fumio Kishida arrived in the United Arab Emirates on Monday for t..
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Global temperatures near record highs as US, China meet on climate
By Charlie Devereux MADRID (Reuters) – Global temperatures were soaring to historic highs as the world’s two biggest carb..
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German economy may disappoint as sentiment worsens – Bundesbank
FRANKFURT (Reuters) – The German economy may shrink by more this year than expected only a few weeks ago despite a small bounce..
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Spain election: Bike lanes, low-emission zones in crosshairs in rightist-run cities
By Belén Carreño and Pietro Lombardi MADRID/VALLADOLID (Reuters) – Aiming to highlight the city of Valladolid’s green cre..
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TomTom lifts 2023 forecasts after new maps help beat Q2 expectations
By Augustin Turpin (Reuters) -Digital mapping specialist TomTom on Monday raised its full-year revenue and free cash flow forecasts a..
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CDS panel rules UBS is sole successor to Credit Suisse after merger
LONDON (Reuters) -A committee that reviews disputes in the credit default swaps (CDS) market said on Monday that UBS is the sole succ..
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Luxury group Richemont boosted by Asia recovery but Americas weigh
By John Revill ZURICH (Reuters) -Luxury group Richemont reported a 14% increase in first- quarter sales on Monday, boosted by a stron..
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Belgium telecom provider Proximus to buy majority stake in India’s Route Mobile
BENGALURU (Reuters) – Belgian telecom service provider Proximus Group on Monday said it will buy a 57.56% stake in Route Mobile..
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Russian scientists warn of powerful solar flare activity on Monday
(Reuters) – Powerful solar flare activity is forecast for Monday which may interfere with short-wave communications, Russian sci..
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UN Security Council to hold first talks on AI risks
LONDON (Reuters) – The United Nations Security Council will hold its first formal discussion on artificial intelligence (AI) th..
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StanChart to sell sub-Saharan Africa business to Access Bank
DUBAI (Reuters) – Standard Chartered said on Friday it has reached an agreement to sell its subsidiaries in sub-Saharan Africa ..
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Small business distress index hits mid-2020 high
By Chiara Elisei LONDON (Reuters) – Corporate distress among small and medium-sized enterprises (SMEs) hit its highest since mi..
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Auto lobby urges Spain’s next government to commit to decarbonisation
((This July 12 story has been corrected to clarify that the forecast is for all car sales in Spain, not just EV sales, in paragraph 8..
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Italy’s luxury groups set aside rivalries to keep it local
By Elisa Anzolin MILAN (Reuters) – Italy’s luxury fashion groups, which for decades jealously guarded their independence,..
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Euro zone ministers agree on gradual wind-down of spending
BRUSSELS (Reuters) – Euro zone finance ministers agreed on Thursday that the single currency area needed a “determined, gr..
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Ericsson’s quarterly operating profit declines, beats expectations
By Martin Coulter LONDON (Reuters) – Sweden’s Ericsson reported a 62% fall in second-quarter adjusted operating profit on..
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Exclusive-Canada unfreezes talks with Turkey on export controls after NATO move-source
By Jonathan Spicer and Huseyin Hayatsever ANKARA (Reuters) -Canada has unfrozen talks with Turkey on lifting export controls on drone..
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Bosch ups investment in hydrogen, begins fuel-cell power module production
BERLIN (Reuters) – German auto supplier Bosch will invest almost 2.5 billion euros ($2.8 billion) in hydrogen fuel cell technol..
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