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Here’s what Twitter lost in advertising revenue in final months of 2022
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King Charles to give back profit from $1 billion-a-year wind farm deal
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Dollar slips after weak data while yen ticks up
Ardern’s resignation resonates for women in power
Date: January 19, 2023
By Kate Lamb, Lucy Craymer and Kanupriya Kapoor WELLINGTON (Reuters) -The shock resignation of New Zealand Prime Minister Jacinda Ardern, who altered the face of global politics when she was elected the world’s youngest female head of state, throws a spotlight on the demands faced by women in power. Holding back tears as she made...
UK lenders expect further widening of mortgage spreads: BoE
Date: January 19, 2023
LONDON (Reuters) – British lenders surveyed in late November and early December predicted a further widening in mortgage lending spreads in the three months to the end of February, according to a Bank of England survey released on Thursday. The BoE’s quarterly Credit Conditions Survey also showed lenders expected the availability of mortgages, consumer loans...
Turnover in Germany’s restaurants, hotels rose markedly in 2022
Date: January 19, 2023
BERLIN (Reuters) – Turnover in accommodation and food services in Germany rose strongly in 2022 compared with 2021 despite high inflation, the federal statistics office said on Thursday. Turnover in restaurants and hotels increased by 47% year-on-year in 2022 in real terms, as the sector benefited from the easing of pandemic restrictions, the office said....
Bankinter’s 58% Q4 net profit rise overshadowed by rise in costs
Date: January 19, 2023
By Jesús Aguado MADRID (Reuters) -Spain’s Bankinter hit its net profit target in 2022, a year ahead of schedule, powered by higher lending income though higher costs took some of the shine off a strong final quarter. Spain’s fourth largest bank by market value posted a 58% rise in fourth-quarter profit to 130 million euros...
Online pharmacy Zur Rose improves 2022 core loss target
Date: January 19, 2023
(Reuters) -Zur Rose expects a smaller full-year core loss than previously guided, the Swiss online drug retailer said on Thursday, citing a faster-than-planned progress in its break-even programme for 2023. It forecast adjusted core loss (EBITDA) of between 70 million and 75 million Swiss francs ($76.39 million and $81.84 million) in 2022, compared with its...
Amazon to lay off staff in U.S., Canada and Costa Rica by end of day
Date: January 19, 2023
(Reuters) -Amazon.com Inc will cut some jobs in the United States, Canada and Costa Rica by the end of Wednesday as part of its plan to lay off 18,000 employees, the e-commerce giant said in a memo to staff seen by Reuters. The layoffs are the latest in the U.S. technology sector, with companies cutting...