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Germany’s Delivery Hero hikes 2023 revenue guidance

Germany’s Delivery Hero hikes 2023 revenue guidance

(Reuters) -German online takeaway food company Delivery Hero on Wednesday raised its full-year revenue outlook, after it swung to a p..

Greek EU-harmonised inflation rises to 3.5% y/y in July

Greek EU-harmonised inflation rises to 3.5% y/y in July

(Reuters) – Greece’s annual EU-harmonised inflation accelerated to +3.5% in July from +2.8% in June, data showed on Tuesd..

No quick fix to reverse Antarctic sea ice loss as warming intensifies – scientists

No quick fix to reverse Antarctic sea ice loss as warming intensifies – scientists

By David Stanway SINGAPORE (Reuters) – Sea ice in the Antarctic region has fallen to a record low this year as a result of risi..

Fund manager abrdn’s assets hit by market volatility, shares dive

Fund manager abrdn’s assets hit by market volatility, shares dive

(Reuters) -Fund manager abrdn’s shares fell nearly 9% on Tuesday after it reported a drop in assets under management in the fir..

Video-gaming revenue to grow 2.6% in 2023 on console sales strength – report

Video-gaming revenue to grow 2.6% in 2023 on console sales strength – report

By Akshita Toshniwal (Reuters) – Global video-games market would return to growth in 2023 on the back of strong sales of consol..

WeWork rival IWG’s half-year profit surges on high demand, improved pricing

WeWork rival IWG’s half-year profit surges on high demand, improved pricing

By Aby Jose Koilparambil (Reuters) -Office rental firm IWG retained a “cautiously optimistic” outlook after posting a 48%..

Germany’s Fraport sees earnings boost on higher passenger volumes

Germany’s Fraport sees earnings boost on higher passenger volumes

(Reuters) -Frankfurt Airport operator Fraport on Tuesday updated its 2023 core profit and net income forecasts, after first-half earn..

Asian markets down, dollar up after weak China trade data

Asian markets down, dollar up after weak China trade data

By Scott Murdoch SYDNEY (Reuters) – Asian share markets were mostly weaker on Tuesday but the dollar strode higher as investors..

UBS shuffles bank bosses in bid to better compete with Wall Street

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 ..

TSMC to decide in favour of German factory on Tuesday – Handelsblatt

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..

After heatwave, looming typhoon forces scouts to evacuate South Korea campsite

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..

Heatwave caused higher than normal death rate in southern Italy

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,..

BioNTech reduces drug development spend as COVID vaccine sales plunge

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..

German regulator rejects request for postage stamp price hike

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 ..

Miners drag London stocks lower; Unite Group slips

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..

German space firm OHB plans to delist as KKR takes minority stake

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 ..

Russia to evacuate village for first lunar lander mission in half century

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..

Oil holds steady near four-month high on OPEC+ cuts

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..

Dollar on guard as US inflation test looms

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..

Cycling-Men’s world championships race interrupted by climate protesters

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..

Huawei ban would cost German rail operator 400 million eur – Spiegel

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..

Commerzbank shares slump on outlook, despite 20% profit rise

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 ..

EnBW sees FY adjusted EBITDA at upper end of forecast range

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..

Germany’s Lanxess calls on government to help chemicals industry

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..

Credit Agricole beats estimates on insurance, consumer finance

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..

WPP lowers full-year forecast as tech clients curb spending

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..

BNP Paribas lowers its Bank of England terminal rate forecast

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...

UK’s July new car sales up more than 25%- SMMT

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..

Dollar struggles before payrolls test; Aussie rebounds

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..

Amazon forecasts bright Q3 on resilient cloud sales, shopping trends

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’..

German services sector loses momentum-PMI

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 ..

Growing Factors Boosting Demand for Restaurant Furniture in the Thriving Hospitality Market

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 ..

Siemens Healthineers confirms outlook despite problems at Varian

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..

Taylor Wimpey expects full-year profits to halve amid housing gloom

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..

UK lender Virgin Money sticks to annual outlook despite mortgage pressures

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..

Stocks drop, Treasuries gain after Fitch downgrades US rating

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..

Fresenius Medical forecasts smaller income decline as cost inflation eases

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..