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Cisco to cut more than 4,000 jobs, lowers annual revenue forecast
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Swedish union to exempt some Tesla cars from mechanic strike
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Heineken shares slide on 2024 outlook
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E&’s CEO Hatem Dowidar joins Vodafone’s board
Bottler Coca-Cola HBC reports record profit
Date: February 14, 2024
Bottler Coca-Cola HBC reports record profit (Reuters) – Coca-Cola HBC expects profit to grow in 2024 as the bottler reported a record annual profit on Wednesday, helped by strong demand for its sparkling drinks, coffee, and energy drinks, as well as easing cost pressures. The Switzerland-based company, in which U.S. beverage giant Coca-Cola owns about...
Robinhood posts surprise profit on interest income boost, trading rebound
Date: February 14, 2024
Robinhood posts surprise profit on interest income boost, trading rebound By Manya Saini (Reuters) -Robinhood Markets posted a surprise profit in the fourth quarter on Tuesday, driven by higher interest income from customers paying back loans and a rebound in trading, sending shares of the online brokerage up 10% after the bell. A higher-for-longer interest...
India’s Bosch posts Q3 profit climb on healthy auto parts demand
Date: February 13, 2024
India’s Bosch posts Q3 profit climb on healthy auto parts demand BENGALURU (Reuters) – Bosch, the Indian arm of German automotive supplier Robert Bosch GmbH, reported a 62.5% climb in third-quarter profit on Tuesday, buoyed by strong demand for its automotive parts. The company’s net profit rose year-on-year to 5.18 billion rupees ($62.4 million) in...
TUI swings to surprise first-quarter profit on robust travel demand
Date: February 13, 2024
TUI swings to surprise first-quarter profit on robust travel demand By Joanna Plucinska and Ilona Wissenbach LONDON (Reuters) – Europe’s largest travel operator TUI on Tuesday reported far better-than-expected first quarter results as it swung to a profit on the back of robust travel demand, sending its shares 7.4% higher in early trading in Frankfurt....
German economy expected to grow in 2024, official says
Date: February 13, 2024
German economy expected to grow in 2024, official says BERLIN (Reuters) – Germany is not in recession and its economy is expected to grow in 2024, Chancellor Olaf Scholz’s chief of staff, Wolfgang Schmidt, said on Tuesday. “We don’t have a recession. We are not seeing anything that normally accompanies a recession, such as unemployment....
‘The hardest job in the world’: Siberian shipyard workers brave freezing cold
Date: February 13, 2024
‘The hardest job in the world’: Siberian shipyard workers brave freezing cold YAKUTIA, Russia (Reuters) – A drone flies low over a snow-covered shipyard in Russia’s Far East, where workers toil in subzero temperatures to maintain the hulking vessels during the bitter Siberian winter. The process of ‘vymorozka,’ which roughly translates as ‘freezing out,’ is...