By Ilona Wissenbach and Maria Sheahan FRANKFURT/BERLIN – Germany’s Lufthansa said on Thursday it expected demand for short-haul flights in Europe to drive growth at its passenger airlines this year, …
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By Dina Kartit and Elena Vardon (Reuters) -Satellite company SES’s Paris-listed shares slumped as much as 10% on Thursday after the Financial Times reported it was in talks with U.S. …
- Financial News
Warner Bros Discovery expected to unveil new streaming strategy
by Reutersby ReutersBy Dawn Chmielewski (Reuters) – Warner Bros Discovery Inc is expected to discuss the new streaming strategy for the merged company on Thursday when it reports second-quarter earnings, four sources …
- Financial News
Hit by rising costs and supply snarls, Toyota profit tumbles 42%
by Reutersby ReutersBy Satoshi Sugiyama TOKYO -Toyota Motor Corp’s profit slumped a worse-than-expected 42% in its first quarter as the Japanese automaker was squeezed between supply constraints and rising costs. Operating profit …
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U.S. lawmaker Walorski, two staffers die in Indiana car crash
by Reutersby ReutersBy Rami Ayyub WASHINGTON -U.S. Congresswoman Jackie Walorski and two members of her staff died on Wednesday when the vehicle they were traveling in collided head-on with a car that …
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By Julien Ponthus PARIS -French banking group Credit Agricole’s shares rose sharply on Thursday after it joined rivals BNP Paribas and Societe Generale in announcing better-than-expected quarterly profits driven by …
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With eye on Russia, U.S. Senate backs Finland and Sweden joining NATO
by Reutersby ReutersBy Patricia Zengerle WASHINGTON -The U.S. Senate approved on Wednesday Finland and Sweden’s accession to NATO, the most significant expansion of the 30-member alliance since the 1990s as it responds …
- Financial News
Consortium to buy S.Africa hospitals firm Mediclinic for $4.49 billion
by Reutersby Reuters(Reuters) -South Africa’s Remgro Ltd said on Thursday it will buy hospital chain operator Mediclinic International in a consortium with Switzerland’s MSC Mediterranean Shipping for 3.7 billion pounds ($4.49 billion). …
- Financial News
DBS sees rising risks after rate increases boost quarterly profit
by Reutersby ReutersBy Anshuman Daga SINGAPORE -Singapore’s DBS Group warned inflation and geopolitical uncertainty may impact second-half performance too, after the wealth business of the bank suffered in the latest quarter, though …
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By Ludwig Burger and Patricia Weiss FRANKFURT -Agriculture and pharmaceuticals company Bayer on Thursday lifted its 2022 earnings guidance on strong demand from farmers for its seeds and crop chemicals …
- Financial News
Australia’s “Big Four” banks raise mortgage rates after RBA hike
by Reutersby Reuters(Reuters) -Australia’s “Big Four” banks raised their home loan variable interest rates on Thursday, after the country’s central bank hiked rates earlier this week. Commonwealth Bank of Australia, Australia and …
- Financial News
Analysis-As inflation bites, Japan’s PM finds unlikely ally in labour unions
by Reutersby ReutersBy Tetsushi Kajimoto and Leika Kihara TOKYO – As Japan faces its first major battle with inflation in decades, Prime Minister Fumio Kishida is extending a rare olive branch to …
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(Adds chart) A look at the day ahead in markets from Alun John Will the Bank of England make history today by raising rates by 50 basis points? Probably. Will …
- Financial News
Merck KGaA profit gets boost from dollar, outweighing higher costs
by Reutersby ReutersBy Ludwig Burger (Reuters) -Germany’s Merck KGaA saw adjusted earnings rise 13.1% in the second quarter as higher revenues from its biotech lab equipment and its chemicals for semiconductor production …
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Kansas votes to preserve abortion rights in first post-Roe v. Wade election test
by Reutersby ReutersBy Gabriella Borter (Reuters) – Kansas voters on Tuesday rejected an effort to remove abortion protections from the state’s constitution, a resounding win for the abortion rights movement in the …
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White House frustrated as Washington mayor seeks troops to help handle migrants
by Reutersby ReutersBy Ted Hesson WASHINGTON – Thousands of migrants bused to Washington in recent months by Republican governors of states on the U.S.-Mexico border have caused tensions between the White House …
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By Marc Frank HAVANA – Cuba announced it will begin purchasing on Thursday dollars and other convertible currencies at nearly five times the current rate in an effort to undercut …
- Financial News
Argentina’s Massa pitches ‘fiscal order’ to treat economic malaise
by Reutersby ReutersBy Nicolás Misculin BUENOS AIRES -Argentina’s new economy minister, Sergio Massa, announced a list of measures on Wednesday aimed at healing the country’s ailing finances, including pledges to meet a …
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U.S. Senate panel seeks legislative path to avoid repeat of Jan. 6 violence
by Reutersby ReutersBy Rose Horowitch and David Morgan WASHINGTON – A U.S. Senate panel on Wednesday took up proposals to reform federal election law, aiming to avoid a repeat of the violence …
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‘End this nightmare,’ Sandy Hook parents’ lawyer tells jurors in Alex Jones defamation trial
by Reutersby ReutersBy Jack Queen (Reuters) – Jurors in the Alex Jones defamation trial began deliberations on Wednesday after a lawyer for a child killed in the Sandy Hook massacre said they …
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Biden signs abortion order, says Republicans clueless about women’s power
by Reutersby ReutersBy Nandita Bose and Alexandra Alper WASHINGTON – President Joe Biden said on Wednesday the Supreme Court and Republicans are clueless about the power of American women as he signed …
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Kansas offers abortion playbook for Democrats ahead of November midterms
by Reutersby ReutersBy Gabriella Borter and Joseph Ax (Reuters) – A decisive victory for abortion rights in deeply conservative Kansas has boosted Democrats’ hopes that they can harness voter anger over efforts …
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Russian ceasefire and troop pullout must precede any talks, says Ukraine
by Reutersby ReutersBy Natalia Zinets, Umit Bektas and Max Hunder KYIV/ISTANBUL -Ukraine on Wednesday dismissed comments by former German Chancellor Gerhard Schroeder that Russia wanted a “negotiated solution” to the war and …
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By Praveen Paramasivam (Reuters) -Yum Brands Inc said on Wednesday it would offer new items and promotional deals as it seeks to reverse a slowdown in demand for its pizzas …
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Sandy Hook parents seek to stop InfoWars bankruptcy payments to Alex Jones
by Reutersby ReutersBy Dietrich Knauth (Reuters) – Parents of children killed in the 2012 Sandy Hook school massacre urged a U.S. bankruptcy judge on Wednesday not to allow the parent company of …