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, but..
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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-quarter..
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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 s..
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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 operating..
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Canada defends digital taxes but sees path for global deal
OTTAWA (Reuters) -Canada on Tuesday defended its decision to push ahead with its implementation of digital services taxes starting nex..
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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 ($218..
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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 sourc..
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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 th..
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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 carbo..
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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
MADRID/VALLADOLID (Reuters) – Aiming to highlight the city of Valladolid’s green credentials, Spain’s Environment Mi..
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TomTom lifts 2023 forecasts after new maps help beat Q2 expectations
(Reuters) -Digital mapping specialist TomTom on Monday raised its full-year revenue and free cash flow forecasts after the roll-out of..
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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 succe..
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Luxury group Richemont boosted by Asia recovery but Americas weigh
ZURICH (Reuters) -Luxury group Richemont reported a 14% increase in first- quarter sales on Monday, boosted by a strong rebound in Asi..
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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) thi..
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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 t..
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Small business distress index hits mid-2020 high
LONDON (Reuters) – Corporate distress among small and medium-sized enterprises (SMEs) hit its highest since mid-2020 in the thre..
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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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Signs ‘crypto winter’ ending as regulatory fog begins to lift
By Tom Westbrook and Rae Wee SINGAPORE (Reuters) -Cryptocurrencies were testing year highs on Friday as a run of favourable regulatory..
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Italy’s luxury groups set aside rivalries to keep it local
MILAN (Reuters) – Italy’s luxury fashion groups, which for decades jealously guarded their independence, have started team..
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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 technolo..
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Elon Musk thinks China is interested in an international AI framework
By Kanishka Singh and Anna Tong WASHINGTON (Reuters) -Billionaire Elon Musk said on Wednesday he thinks China is interested in a coope..
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UK’s Domino’s Pizza Group names new CEO
(Reuters) -Domino’s Pizza Group said on Thursday Andrew Rennie, who has served as the Europe chief for a major franchise operato..
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Discount retailer Pepco’s sales growth slows
LONDON (Reuters) -European discount retailer Pepco Group reported a slowdown in underlying sales growth in its latest quarter on Thurs..
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Big companies toughen banking partner screening after crisis – survey
By Laura Matthews NEW YORK (Reuters) – Large companies are spreading out their counterparty risk and increasing screening of the..
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Wall Street cheers cool CPI with stock rally; dollar, yields decline
By Lawrence Delevingne (Reuters) -Wall Street stocks advanced on Wednesday and the dollar and Treasury yields fell after new U.S. infl..
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British digital bank Monzo in talks to buy Nordic lender Lunar
LONDON (Reuters) – British digital bank Monzo is in early stage discussions about a potential acquisition of Nordic lender Lunar..
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Germany more flexible on hydrogen transition, emphasises speed – draft
FRANKFURT (Reuters) – Germany is set to hold on to its hydrogen economy goals up to 2030 and beyond while pressing for speed and..
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Smurfit Kappa eyes wider North Africa expansion after Morocco opening
By Padraic Halpin DUBLIN (Reuters) -Europe’s largest paper and packaging producer Smurfit Kappa expects the opening of its first..
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