By David Latona and Ina Kreutz (Reuters) – Potash and salt miner K+S reiterated its full-year profit guidance on Thursday, as it expects higher fertiliser prices to offset the impact …
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By Steven Scheer JERUSALEM -Permission for El Al Israel Airlines to fly over Oman is expected in “a matter of days”, chief executive Dina Ben-Tal said on Thursday, a move …
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One killed as blasts rock Russia base in Crimea, Kyiv not taking responsibility
by Reutersby ReutersBy Kevin Liffey LONDON – One person was killed on Tuesday when a Russian air base near seaside resorts in the annexed Crimean peninsula was rocked by blasts that Moscow …
- Financial News
Thyssenkrupp’s Q3 operating profit nearly triples on steel price rebound
by Reutersby ReutersFRANKFURT -Thyssenkrupp’s third-quarter operating profit nearly tripled on the back of higher steel prices, the German conglomerate said on Thursday, but it added that it faced headwinds from high raw …
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Gaming industry’s fortunes fade as spending squeeze follows pandemic bump
by Reutersby Reuters(This Aug 10 story corrects typo in first paragraph. A previous version was corrected to change the name of the research firm in paragraph 5) By Tiyashi Datta (Reuters) – …
- Financial News
Samsung unveils new foldable smartphones, seeking keep lead in growing market
by Reutersby ReutersBy Joyce Lee SEOUL – Samsung Electronics unveiled its latest high-end foldable smartphones on Wednesday, keeping prices at the same level as last year’s in a bid to cement its …
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‘No one can stop them’: African migrants aim for Spain’s Canary Islands
by Reutersby ReutersBy Corina Pons GRAN CANARIA – Standing in a cemetery of abandoned boats, Mohamed Fane picks a West African franc off the floor and shudders at the traumatic memory of …
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‘Extreme’ weather warning in force in Britain as new heatwave hits
by Reutersby ReutersBy Sachin Ravikumar LONDON -A four-day “extreme heat” warning came into force in parts of England and Wales on Thursday, with temperatures poised to top 35 Celsius in another heatwave …
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Coca-Cola HBC flags one-time $195 million hit from Russian operations
by Reutersby ReutersBy Amna Karimi (Reuters) -Coca-Cola HBC AG said on Thursday it took a one-time hit of 190 million euros ($195.4 million) in the first half from costs related to its …
- Financial News
Ferragamo partners with Farfetch to grow online, reach younger shoppers
by Reutersby ReutersMILAN -Italian fashion house Salvatore Ferragamo said on Thursday it had struck a partnership with online luxury shopping retailer Farfetch to expand its digital presence, targeting younger shoppers. Ferragamo said …
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China’s July auto sales extend recovery, jump 30% as COVID curbs ease
by Reutersby ReutersSHANGHAI -China’s auto sales surged 29.7% in July from a year earlier to 2.42 million units, extending a recovery that began in June with the help of eased COVID curbs …
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Miner Antofagasta’s profit slumps on rising costs, Chile drought
by Reutersby ReutersBy Clara Denina LONDON – Antofagasta posted a fall in half-year profit on Thursday, as higher costs, lower grades and a persistent drought in Chile hit the miner’s copper production. …
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Several cities in China add COVID curbs as millions still under lockdown
by Reutersby ReutersBEIJING – Several COVID-hit Chinese cities from the country’s east to west imposed fresh restrictions and lockdowns on their populations on Thursday to contain flare-ups that are again threatening to …
- Financial News
Google opposes Facebook-backed proposal for self-regulatory body in India -sources
by Reutersby ReutersBy Aditya Kalra NEW DELHI – Google has grave reservations about developing a self-regulatory body for the social media sector in India to hear user complaints, though the proposal has …
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Hapag-Lloyd more than trebles H1 net profit, sees economic uncertainty
by Reutersby ReutersFRANKFURT -German container shipper Hapag-Lloyd on Thursday posted a net profit of 8.7 billion euros ($8.94 billion) for the first half of 2022, more than three times as much as …
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‘Freedom, happiness, opportunities’: Afghan women learn to swim, drive in Australia
by Reutersby ReutersBy Stefica Nicol Bikes SYDNEY – At an indoor pool in a western Sydney suburb, about 20 Afghan women who recently reached Australia as refugees listen to former asylum seeker …
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(Reuters) -French vaccine developer Valneva on Thursday cut its full-year revenue outlook citing lower demand for its anti-COVID shot from European Union member states. The European Commission in July slashed …
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BANGKOK – Thai consumer confidence rose for a second straight month in July, reaching a five-month high, boosted by improved economic activity following an easing of COVID-19 curbs, but high …
- Financial News
Softer inflation ‘huge relief’ for battered investors in U.S. stocks and bonds
by Reutersby ReutersBy Saqib Iqbal Ahmed and Davide Barbuscia NEW YORK -Softer than expected U.S. inflation data buoyed investors’ faith that twin rebounds in stocks and bonds will persist in a year …
- Financial News
Fed’s Mary Daly says it’s too early to ‘declare victory’ over inflation – FT
by Reutersby Reuters(Reuters) -San Francisco Federal Reserve Bank President Mary Daly warned it is far too early for the U.S. central bank to “declare victory” in its fight against inflation, the Financial …
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Yellen tells IRS not to increase middle-class audits if it gets more funding
by Reutersby ReutersWASHINGTON -U.S. Treasury Secretary Janet Yellen told the Internal Revenue Service on Wednesday that if the Inflation Reduction Act became law additional IRS resources should not be used to increase …
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Russian-backed separatist head says Azov trial to begin this summer
by Reutersby ReutersOLENIVKA, Ukraine – The head of the Russian-backed separatist administration in eastern Ukraine’s Donetsk region said on Wednesday that a trial of captured personnel from Ukraine’s Azov Regiment would take …
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China withdraws promise not to send troops to Taiwan if it takes control of island
by Reutersby ReutersBy Yew Lun Tian BEIJING -China has withdrawn a promise not to send troops or administrators to Taiwan if it takes control of the island, an official document showed on …
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China military ‘completes tasks’ around Taiwan, plans regular patrols
by Reutersby ReutersBy Martin Quin Pollard and Yimou Lee BEIJING/TAIPEI – China’s military has “completed various tasks” around Taiwan but will conduct regular patrols, it said on Wednesday, potentially signalling an end …
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By Chen Lin SINGAPORE -Singapore’s economy expanded less than initially estimated in the second quarter and the government revised its growth projections for 2022 lower, flagging risks to the global …