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
(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
BERLIN (Reuters) -Germany’s OHB on Monday said U.S. financial investor KKR was buying a minority stake in the space company and ..
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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
SINGAPORE (Reuters) -Oil prices edged down on Monday, but were still near their highest levels since mid-April after top producers Sau..
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Dollar on guard as US inflation test looms
SINGAPORE (Reuters) – The dollar was on the defensive on Monday after a mixed U.S. jobs report provided little directional convi..
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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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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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Empowering leaders: AI’s transformational impact on strategic decision-making
By Maximilian Weis is an Assistant Professor of strategy at ESCP Business School (Berlin campus) To make sure AI is used ethically an..
Technology
Yes, you can time the market
By Steve Chappell, Global Head of Trading Systems Development for VectorVest, Inc. It has always been ironic to me that ..
Business
Growing Factors Boosting Demand for Restaurant Furniture in the Thriving Hospitality Market
By Shawn Zar, Furniture Expert at Superior Seating. The restaurant industry is bouncing back due to vaccination efforts ..
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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 unexpecte..
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Taylor Wimpey expects full-year profits to halve amid housing gloom
By Suban Abdulla and Aby Jose Koilparambil LONDON (Reuters) -Taylor Wimpey’s pledge to build more homes than previously forecas..
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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
By Byron Kaye SYDNEY (Reuters) – Before COVID-19 sent one-third of the global workforce home, the Melbourne property surveyor t..
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BP to defend its rights in dispute with Venture Global LNG; other clients weigh options
By Ron Bousso, Curtis Williams and Andrei Khalip LONDON/HOUSTON/LISBON (Reuters) -BP will defend its rights “to the absolute fu..
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Apple heads for largest Q3 revenue drop since 2016 as iPhone sales slow
By Yuvraj Malik (Reuters) – Apple is likely to report a dip in iPhone sales in the April-June quarter as shoppers held out for ..
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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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