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Deutsche Telekom lifts profit view, aims for T-Mobile majority soon
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S.Africa negotiates deal with EU to clear citrus blockage at ports
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FTSE 100 stalls as Rio Tinto, healthcare stocks weigh
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Coca-Cola HBC flags one-time $195 million hit from Russian operations
Peak inflation bet lifts stocks, dollar in doldrums
Date: August 11, 2022
By Huw Jones LONDON (Reuters) – Global shares edged higher on Thursday as investors bet on the pace of interest rate hikes slowing after data pointed to inflation peaking, leaving the dollar struggling after its biggest fall in five months. Oil prices languished below $100 a barrel in search of direction, while better-than-expected earnings from...
Heathrow Airport expects 16 million passengers in July-Sept
Date: August 11, 2022
(Reuters) -London’s Heathrow said on Thursday more than 6 million people travelled through Britain’s busiest airport in July and expects about 16 million passengers between July and September as travel rebounds. Heathrow said there had been fewer last-minute flight cancellations and smoother operations after it capped the number of departures last month to cope with...
France battles ‘monster’ wildfire near Bordeaux for third day
Date: August 11, 2022
By Manuel Ausloos HOSTENS, France (Reuters) -More than 1,000 firefighters backed by water-bombing aircraft battled a “monster” wildfire near France’s wine-growing heartland of Bordeaux for a third day on Thursday, with no let-up in blistering temperatures seen before the weekend. The fire in the Gironde region, one of several major blazes burning in France, has...
Hapag-Lloyd more than trebles H1 net profit, sees economic uncertainty
Date: August 11, 2022
FRANKFURT (Reuters) -German container shipper Hapag-Lloyd on Thursday posted a net profit of 8.7 billion euros ($8.94 billion) for the first half of 2022, more than three times as much as a year earlier, but said war in Ukraine and the coronavirus crisis somewhat clouded its prospects. The company, the world’s fifth-biggest container line, upheld...
German minerals group K+S maintains annual outlook on soaring potash prices
Date: August 11, 2022
(Reuters) – Potash and salt miner K+S reiterated its full-year core profit guidance on Thursday, as it expects soaring prices to offset the impact of a potential gas shortage in Germany. The group confirmed its April forecast of 2022 earnings before interest, tax, depreciation and amortisation (EBITDA) of between 2.3 billion and 2.6 billion euros...
Fed officials say more rate hikes needed, despite slowing inflation
Date: August 11, 2022
By Ann Saphir and Howard Schneider (Reuters) -Slowing U.S. inflation may have opened the door for the Federal Reserve to temper the pace of coming interest rate hikes, but policymakers left no doubt they will continue to tighten monetary policy until price pressures are fully broken. A U.S. Labor Department report Wednesday showing consumer prices...