Top Stories
Top Stories
Portugal approves new vetting system after string of hiring scandals
Top Stories
King Charles, Prince William make first appearances since Harry’s memoir
Top Stories
Ericsson’s provision for U.S. probe hints of smaller fine, shares jump
Investing
European shares rise as investors await U.S. inflation data
World’s dams to lose a quarter of storage capacity by 2050 – UN research
Date: January 12, 2023
SHANGHAI (Reuters) – Nearly 50,000 large dams worldwide could lose more than a quarter of their storage capacity by 2050 as a result of sedimentation build-ups, eroding global water and energy security, according to United Nations research on Wednesday. Dam capacity is expected to drop from 6 trillion cubic metres (cu m) to 4.655 trillion...
German home solar power firm sees bright future as demand soars
Date: January 12, 2023
By Vera Eckert and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) – Soaring demand for home solar power systems in Germany could boost revenues at Solarwatt by more than 50% this year to 500 million euros ($538 million) and lift them to 1 billion euros in 2025, its chief executive told Reuters. “Growth is strong and healthy,” Detlef...
Commodity-linked stocks push FTSE 100 higher; retailers slide
Date: January 12, 2023
By Shashwat Chauhan (Reuters) -UK’s FTSE 100 rose on Thursday, as gains in commodity stocks outweighed losses in retailers such as Tesco, while investors globally awaited U.S. data to see if inflation has slowed further. The blue-chip FTSE 100 gained 0.6% to hover near a more than four-year high scaled on Wednesday, while the more...
Logitech shares sink as it cuts sales outlook after weak quarter
Date: January 12, 2023
ZURICH (Reuters) -Logitech International on Thursday reported lower earnings and sales between October and December and cut its sales outlook, sending its shares down by almost a fifth in opening trade. The Swiss-American maker of keyboards, mice and headsets cited a difficult economic backdrop and supply chain uncertainties linked to China’s COVID-19 outbreak for numbers...
Lighting maker Signify cuts 2022 outlook again on China, business lighting
Date: January 12, 2023
(Reuters) -Signify NV, the world’s biggest maker of lights, on Thursday again cut its full-year 2022 profit margin and sales guidance, citing a steeper than expected slowdown in China and lower demand for professional indoor lighting. Signify’s shares fell 3.9% in early Amsterdam trading to 31.84 euros. The Dutch group, which had already cut forecasts...
Ubisoft shares slump 20% after French video game maker warns on revenue
Date: January 12, 2023
By Dominique Vidalon PARIS (Reuters) -Shares in Ubisoft fell 20% on Thursday after the French video game maker warned on revenue and postponed the release of its game “Skull and Bones”, prompting analysts to cut their estimates and price targets. Late on Wednesday, Ubisoft said that it was increasing its writedown estimate to 500 million...