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 ..
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European shares retreat as factory activity falters
By Sruthi Shankar (Reuters) -European stocks slipped on Tuesday, with the German DAX pulling back from record highs as shrinking fact..
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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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UK baker Greggs confident on 2023 after first-half growth
LONDON (Reuters) – British bakery and fast food chain Greggs stuck to forecasts for higher full-year profit after posting a 14%..
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Covestro sees 2023 EBITDA at lower end of forecast range
(Reuters) – German chemicals maker Covestro on Tuesday said it expects its 2023 core profit to be at the lower end of its forec..
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The customer-centric supply chain – Coming of age in 2023 and beyond
Ecommerce companies the world over are turning their attentions onto how best to navigate the downturn. The landscape toda..
Business
UK regulator seeks public input on Microsoft-Activision deal
LONDON (Reuters) -Britain’s antitrust regulator on Monday called for public responses on whether Microsoft’s $69 billion ..
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US futures inch up; stock markets ride higher on cooler inflation
By Nell Mackenzie LONDON (Reuters) – U.S. share futures treaded cautiously higher on Monday ahead of more large-cap earnings re..
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Canada’s Trudeau sets sights on fourth election fight with Cabinet refresh
By Steve Scherer OTTAWA (Reuters) -Canadian Prime Minister Justin Trudeau made massive changes to his cabinet last week in a move pol..
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Boeing supplier Senior sees strong H2 as demand picks up, supply issues ease
By Eva Mathews (Reuters) -Britain’s Senior forecast a strong second half of the year on Monday, after adjusted profits for the ..
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Britain commits to hundreds of North Sea oil and gas licences
LONDON (Reuters) -Britain on Monday committed to granting hundreds of licences for North Sea oil and gas extraction as part of efforts..
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Manchester United renews Adidas partnership in $1.1 billion 10-yr deal
(Reuters) -Manchester United on Monday renewed the soccer club’s partnership with official kit supplier Adidas for 10 more year..
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France’s TDF explores fibre unit sale for upwards of 1 billion euros – sources
LONDON (Reuters) – French telecoms firm TDF is studying options for its fibre business including a sale, four people familiar wi..
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Analysis-Dwindling excess savings could scupper markets’ soft-landing hopes
By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) – Markets have high hopes for a soft landing for the economy, with bonds..
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At Europe’s big banks, women make some gains despite Rose exit
By Brenna Hughes Neghaiwi and Tom Sims ZURICH (Reuters) -Alison Rose’s resignation from NatWest leaves just one woman in charge..
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UK banks back in political crosshairs after Farage fiasco
By Sinead Cruise, Iain Withers and Lawrence White LONDON (Reuters) -After more than a decade trying to rehabilitate their image since..
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Swiss National Bank posts $15 billion loss during second quarter
ZURICH (Reuters) – The Swiss National Bank posted a second quarter loss of 13.20 billion Swiss francs ($15.14 billion), it said..
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Oil climbs close to April peak on tighter supply
By Alex Lawler LONDON (Reuters) -Oil climbed by almost 1% on Thursday, recouping losses from the previous session, supported by suppl..
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Automakers’ demand helps STM weather softening chip market
(Reuters) -European chipmaker STMicroelectronics on Thursday forecast higher third-quarter sales as demand from automakers helped it b..
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Mediobanca to launch new $223 million buyback after record year
MILAN (Reuters) – Italy’s Mediobanca said on Thursday it would buy back its own shares for around 200 million euros ($223 ..
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Sabadell doubles Q2 net profit, lifts guidance for 2023
MADRID (Reuters) -Higher margins helped Spain’s Sabadell double net profit in the second quarter, beating market expectations an..
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EDF swings to profit thanks to price increases
PARIS (Reuters) – French nuclear power giant EDF swung to profit in the first half of the year, rebounding from a record loss i..
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ArcelorMittal cuts steel demand forecast, beats profit expectations
BRUSSELS (Reuters) -ArcelorMittal, the world’s second-largest steelmaker, lowered its steel shipments forecast on Thursday for this ye..
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Banks to fuel boom in UK Plc regular dividend payouts
MILAN (Reuters) – A recovery in bank payouts is set to lift UK regular dividends by 6.1% to 88.9 billion pounds ($114.8 billion)..
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Samsung to extend production cuts after $7 billion chip loss in H1
SEOUL (Reuters) -Samsung Electronics on Thursday said the worst is over for the global memory chip market but announced plans to exten..
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Mercedes-Benz says better supplies boost orders, economy still weighs
BERLIN (Reuters) – Mercedes-Benz forecast a subdued world economy with monetary policy weighing on consumers even as supply chai..
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Facebook parent Meta sees advertising jump, tops Wall Street targets.
By Katie Paul and Yuvraj Malik (Reuters) – Meta Platforms on Wednesday reported a strong rise in advertising revenue, topping W..
Companies
Exclusive-Amazon has drawn thousands to try its AI service competing with Microsoft, Google
By Jeffrey Dastin (Reuters) – Amazon.com’s cloud division has drawn thousands of customers to try out its service vying with Mi..
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Nissan seals Renault deal, now faces hard yards in China
TOKYO/PARIS (Reuters) -Nissan will invest up to $663 million in Renault’s new electric vehicle unit, the automakers said on Wedn..
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Limited support for central bank digital currencies in global investment industry survey
By Marc Jones LONDON (Reuters) – The most comprehensive survey of the global investment industry on central bank digital curren..
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Exclusive-EU regulators rebuff Meta’s offer to curb use of ad data, sources say
By Foo Yun Chee BRUSSELS (Reuters) – Meta Platforms offered to curb the use of competitors’ advertising data for its Face..
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Intel, Ericsson to work together on custom 5G chip
(Reuters) – Intel Corp on Tuesday said that it will work with Swedish telecommunications gear maker Ericsson to make a custom ch..
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Exclusive-U.S. SEC readies penalty for DWS in greenwashing probe by end September -sources
NEW YORK/FRANKFURT (Reuters) – The U.S. Securities and Exchange Commission is preparing to resolve a two-year probe into allegat..
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Dulux maker Akzo Nobel lifts outlook on easing raw material costs
(Reuters) -Dutch paints and coatings maker Akzo Nobel raised its annual profit outlook on Tuesday, supported by declining raw material..
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France’s Thales to buy Imperva in $3.6 billion cybersecurity deal
By Tim Hepher and Mathieu Rosemain PARIS (Reuters) -France’s Thales said on Tuesday it would buy U.S. cybersecurity company Imp..
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Peace-themed torch unveiled for Paris 2024 Olympics
PARIS (Reuters) – The design of the Paris 2024 Olympic and Paralympic torch was unveiled on Tuesday, imitating the reflection of..
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“Last hope”: Eager Germans are prepared to pay for weight-loss drug
FRANKFURT/LONDON (Reuters) – Frustrated after countless failed diet and exercise attempts, 41 year-old Jessica Lenth from Hambur..
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