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EDF swings to profit thanks to price increases

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..

ArcelorMittal cuts steel demand forecast, beats profit expectations

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..

Banks to fuel boom in UK Plc regular dividend payouts

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)..

Samsung to extend production cuts after $7 billion chip loss in H1

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..

Mercedes-Benz says better supplies boost orders, economy still weighs

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..

Facebook parent Meta sees advertising jump, tops Wall Street targets

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..

Exclusive-Amazon has drawn thousands to try its AI service competing with Microsoft, Google

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..

Nissan seals Renault deal, now faces hard yards in China

Nissan seals Renault deal, now faces hard yards in China

By Daniel Leussink and Gilles Guillaume TOKYO/PARIS (Reuters) -Nissan will invest up to $663 million in Renault’s new electric ..

Limited support for central bank digital currencies in global investment industry survey

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..

Exclusive-EU regulators rebuff Meta’s offer to curb use of ad data, sources say

Exclusive-EU regulators rebuff Meta’s offer to curb use of ad data, sources say

BRUSSELS (Reuters) – Meta Platforms offered to curb the use of competitors’ advertising data for its Facebook Marketplace ..

Intel, Ericsson to work together on custom 5G chip

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..

Exclusive-U.S. SEC readies penalty for DWS in greenwashing probe by end September -sources

Exclusive-U.S. SEC readies penalty for DWS in greenwashing probe by end September -sources

By Chris Prentice and Tom Sims NEW YORK/FRANKFURT (Reuters) – The U.S. Securities and Exchange Commission is preparing to resol..

Dulux maker Akzo Nobel lifts outlook on easing raw material costs

Dulux maker Akzo Nobel lifts outlook on easing raw material costs

By Matteo Allievi (Reuters) -Dutch paints and coatings maker Akzo Nobel raised its annual profit outlook on Tuesday, supported by dec..

France’s Thales to buy Imperva in $3.6 billion cybersecurity deal

France’s Thales to buy Imperva in $3.6 billion cybersecurity deal

PARIS (Reuters) -France’s Thales said on Tuesday it would buy U.S. cybersecurity company Imperva in a deal worth $3.6 billion as..

Peace-themed torch unveiled for Paris 2024 Olympics

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..

“Last hope”: Eager Germans are prepared to pay for weight-loss drug

“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..

Unilever sees Chinese consumer confidence at ‘historical low point’

Unilever sees Chinese consumer confidence at ‘historical low point’

By Richa Naidu LONDON (Reuters) – British consumer goods giant Unilever said on Tuesday that China’s declining property m..

Euro zone firms slash loan demand to lowest on record: ECB poll

Euro zone firms slash loan demand to lowest on record: ECB poll

FRANKFURT (Reuters) – Euro zone firms’ demand for loans dropped to the lowest on record last quarter and a further declin..

Pertamina, Petronas to pay up to $650 million for Shell’s Masela gas stake

Pertamina, Petronas to pay up to $650 million for Shell’s Masela gas stake

TANGERANG, Indonesia (Reuters) -Indonesia’s Pertamina and Malaysia’s Petronas signed an agreement with Shell on Tuesday to..

Keyboard maker Logitech raises forecast for first half of 2024

Keyboard maker Logitech raises forecast for first half of 2024

(Reuters) -Logitech International raised its sales and profit outlook for the first half of the financial year 2024 on Tuesday in its..

UK’s Virgin Media O2 to lay off up to 2,000 employees by year end

UK’s Virgin Media O2 to lay off up to 2,000 employees by year end

(Reuters) – British mobile operator Virgin Media O2 said on Monday it was planning to lay off up to 2,000 employees by the end ..

Southern Europeans splash out on air-con as heatwave drags on

Southern Europeans splash out on air-con as heatwave drags on

By Corina Pons and Elisa Anzolin MADRID/MILAN (Reuters) – As Southern Europe battles extreme heat with no end in sight, people ..

Naturgy’s profit rises on LNG gains, soothing shareholders

Naturgy’s profit rises on LNG gains, soothing shareholders

MADRID (Reuters) – Spanish power utility Naturgy reported on Monday an 88% jump in profit for the first six months of the year, ..

Worsening euro zone business downturn reignites recession fears

Worsening euro zone business downturn reignites recession fears

LONDON (Reuters) -Euro zone business activity shrank much more than expected in July as demand in the bloc’s dominant services i..

Vodafone takes ‘first steps’ in turnaround with top-line improvement

Vodafone takes ‘first steps’ in turnaround with top-line improvement

By Paul Sandle LONDON (Reuters) -Vodafone reported better top-line growth on Monday, driven by higher prices in Britain and improveme..

UK firms grow at slowest in 6 months as rate hikes weigh: PMI

UK firms grow at slowest in 6 months as rate hikes weigh: PMI

LONDON (Reuters) – Britain’s private sector is growing at its weakest pace in six months in July as orders for businesses..

Analysis-As Japan aligns with U.S. chip curbs on China, some in Tokyo feel uneasy

Analysis-As Japan aligns with U.S. chip curbs on China, some in Tokyo feel uneasy

TOKYO/NEW YORK (Reuters) – Japan’s imposition of export controls on chip making tools to align with a U.S. policy restrict..

Philips slightly raises 2023 outlook after Q2 core profit beat

Philips slightly raises 2023 outlook after Q2 core profit beat

(Reuters) -Dutch health technology company Philips on Monday slightly raised its full-year targets after posting a bigger-than-expect..

Julius Baer reports 18% H1 net profit rise

Julius Baer reports 18% H1 net profit rise

ZURICH (Reuters) -Swiss private bank Julius Baer reported an 18% increase in net profit for the first half of 2023 on Monday as it sai..

Ryanair Q1 profits soar, cuts FY passenger forecast on Boeing delays

Ryanair Q1 profits soar, cuts FY passenger forecast on Boeing delays

DUBLIN (Reuters) -Ryanair on Monday posted a 663 million euro ($737.26 million) after-tax profit for the three months ending in June, ..

Yen pressured as traders wait on policy decisions

Yen pressured as traders wait on policy decisions

SYDNEY (Reuters) – The dollar and euro made firm starts on Monday to a week full of central bank meetings, while the yen was str..

UK’s EasyJet says it is operating flights as normal to Rhodes

UK’s EasyJet says it is operating flights as normal to Rhodes

LONDON (Reuters) -Britain’s easyJet said on Sunday it was operating flights as normal to Rhodes but was closely monitoring the ..

Russian central bank governor speaks after hiking rate to 8.5%

Russian central bank governor speaks after hiking rate to 8.5%

(Reuters) -Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin gave a news conference on Friday after the ..

Introducing Janus, the exotic ‘two-faced’ white dwarf star

Introducing Janus, the exotic ‘two-faced’ white dwarf star

WASHINGTON (Reuters) – Some people are two-faced, figuratively speaking of course. The ancient Roman god Janus was two-faced, li..

Nokian Tyres profit tumbles amid Russian exit, shares fall

Nokian Tyres profit tumbles amid Russian exit, shares fall

HELSINKI (Reuters) -Finland’s Nokian Tyres on Friday reported a sharp fall in operating profit for the second quarter, sending ..

UK consumers defy high inflation and shop more in June

UK consumers defy high inflation and shop more in June

LONDON (Reuters) -British retail sales grew faster than expected in June despite continued high inflation, thanks to unusually hot wea..

Extreme heatwaves to continue through August, WMO adviser says

Extreme heatwaves to continue through August, WMO adviser says

GENEVA (Reuters) – Heatwaves are expected to persist in a large part of the world throughout August, an adviser on extreme heat..