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Fears for US economy send investors to safe havens, fuel stock slump
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Volvo Cars’ July sales rise 6% driven by European EVs
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Striking U.S. video game actors say AI threatens their jobs
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Analysis-China’s stuttering recovery darkens global corporate growth outlook
Exclusive-German chancellor lines up fresh crisis talks with property titans
Date: August 2, 2024
By Tom Sims, John O’Donnell and Matthias Inverardi FRANKFURT (Reuters) – German Chancellor Olaf Scholz is launching a fresh bid to tackle a property crisis as the country braces for recession and elections that could bolster the far right. The government has scheduled a meeting of politicians, ministries and industry representatives in Hamburg on Dec....
Exclusive-Audi’s new China EV series won’t have signature four-ring logo, sources say
Date: August 2, 2024
SHANGHAI (Reuters) – Audi’s new electric cars series developed in China for the Chinese market will not sport its four-ring logo, two people with direct knowledge of the plans said. The decision by the premium marque owned by Germany’s Volkswagen is due to “brand image consideration,” one of the people said. It also reflects the...
Bank of England rate cut boosts comeback factor for UK markets
Date: August 2, 2024
By Naomi Rovnick and Amanda Cooper LONDON (Reuters) -Big investors are growing more confident about a comeback for neglected UK assets, with the Bank of England’s move to cut interest rates from a 16-year high burnishing the feel-good factor from the new British government’s landslide election win. The BoE cut rates by a quarter point...
Olympics-Triathlon-France and Britain victorious in thrilling Paris races
Date: July 31, 2024
By Helen Reid PARIS (Reuters) -France and Britain hogged the Olympic triathlon spotlight as Cassandre Beaugrand delivered a decisive gold for the hosts in the women’s race while Alex Yee pipped New Zealand’s Hayden Wilde for an amazing victory in the men’s event on Wednesday. Britain’s Yee, silver medallist in Tokyo, demonstrating his pacing mastery...
Pfizer lifts profit forecast as investors await turnaround
Date: July 30, 2024
By Michael Erman and Bhanvi Satija (Reuters) – Pfizer raised its annual profit forecast on Tuesday, helped by cancer treatments acquired through a $43 billion deal for Seagen and strong sales of its heart disease drug as the company deals with a sharp revenue drop from COVID products. The market for Pfizer’s COVID-19 vaccine and...
Euro zone economy grows but outlook far from rosy
Date: July 30, 2024
By Francesco Canepa (Reuters) -The euro zone’s economy grew slightly more than expected in the three months to June, data showed on Tuesday, but a mixed underlying picture and a string of pessimistic surveys cloud the outlook for the rest of the year. The figures portray a bloc struggling to regain ground in global trade...