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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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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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
By Sachin Ravikumar and Susanna Twidale LONDON (Reuters) -Britain on Monday committed to granting hundreds of licences for North Sea ..
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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
By Andres Gonzalez and Amy-Jo Crowley LONDON (Reuters) – French telecoms firm TDF is studying options for its fibre business in..
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Analysis-Dwindling excess savings could scupper markets’ soft-landing hopes
LONDON (Reuters) – Markets have high hopes for a soft landing for the economy, with bonds and equities rallying. Yet a sharp dra..
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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 ..
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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
By Jesús Aguado MADRID (Reuters) -Higher margins helped Spain’s Sabadell double net profit in the second quarter, beating marke..
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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
By Marine Strauss BRUSSELS (Reuters) -ArcelorMittal, the world’s second-largest steelmaker, lowered its steel shipments forecast on T..
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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
By Joyce Lee and Ju-min Park SEOUL (Reuters) -Samsung Electronics on Thursday said the worst is over for the global memory chip marke..
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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 cha..
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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..
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