Top Stories
Top Stories
Sweden, UK Lead European Shares Lower on Rate-Hike Fears
Top Stories
Russia’s Rouble Rises Ahead of Central Bank Extraordinary Meeting
Top Stories
China’s Livestreaming Attracts Young Hopefuls as Competition Grows
Top Stories
As World Cup Breaks Records, Adidas, Nike Navigate Bumps in Retail Demand
Sterling Steady Ahead of Data-Heavy Week
Date: August 14, 2023
Sterling steady ahead of data-heavy week LONDON (Reuters) – The pound ticked a fraction higher against the dollar on Monday as traders stayed focused on key data due this week for hints on the Bank of England’s future interest rate hike trajectory. At 1100 GMT, sterling was up 0.07% against the dollar at $1.2706. The...
What Is ‘Eris’, the New Covid Variant?
Date: August 14, 2023
What is ‘Eris’, the new Covid variant? By Michael Erman NEW YORK (Reuters) -COVID infections and hospitalizations are on the rise in the U.S., Europe and Asia. Health officials are pointing at the EG.5 “Eris” coronavirus, a subvariant of the Omicron lineage that originally emerged November of 2021. WHAT IS THE NEW ‘ERIS’ VARIANT? The...
Lufthansa’s Eurowings Sees Positive Operating Result in Fy 23
Date: August 14, 2023
Lufthansa’s Eurowings sees positive operating result in FY 23 FRANKFURT (Reuters) – Lufthansa’s budget subsidiary Eurowings expects a positive operating result this year, chief executive Jens Bischof said on Monday, adding that the company expects the return of business travel in the autumn. (Reporting by Ilona Wissenbach, Writing by Rachel More, Editing by Miranda...
No Sustained Recovery on Horizon for German Economy -Econ Min
Date: August 14, 2023
No sustained recovery on horizon for German economy -econ min BERLIN (Reuters) – Germany’s economy is not likely to see a sustained recovery in the coming months based on early indicators such as new orders and business climate, the economy ministry said on Monday. “On the domestic front, the expected cautious recovery in private consumption,...
Agnelli Family’s Exor Buys $2.8 Billion Stake in Philips
Date: August 14, 2023
Agnelli family’s Exor buys $2.8 billion stake in Philips By Toby Sterling and Bart H. Meijer AMSTERDAM (Reuters) -Dutch investment firm Exor NV, controlled by Italy’s Agnelli family, has bought a 15% stake in healthcare technology group Philips for about 2.6 billion euros ($2.84 billion), the companies said on Monday. Exor becomes Philips’ largest shareholder...
German Network Regulator Names 2nd Managing Director of Rosneft Deutschland
Date: August 14, 2023
German network regulator names 2nd managing director of Rosneft Deutschland BERLIN (Reuters) – Germany’s network regulator on Monday said it had appointed Udo Giegerich as a second managing director of the German subsidiary of Russia’s Rosneft, Rosneft Deutschland, which Berlin put under a trusteeship last year. The regulator said Giegerich was a proven financial expert...