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Al Qaeda leader Zawahiri killed in U.S. drone strike in central Kabul
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Uber turns cash flow positive for the first time in bumper quarter
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Ferrari lifts 2022 forecasts after strong Q2 results, record orders
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G7 mulls options to restrict Russian oil profits
UK leadership favourite Truss U-turns on pay plan in first big misstep
Date: August 2, 2022
By Andrew MacAskill and Kylie MacLellan LONDON (Reuters) -Britain’s foreign minister Liz Truss, the frontrunner to replace Boris Johnson as prime minister, was forced to backtrack on one of her most striking pledges a day after announcing it following a backlash from fellow Conservatives and opposition parties. In the first big misstep of her campaign,...
Italy’s right-wing frontrunner asks Draghi to freeze Ita Airways sale
Date: August 2, 2022
By Giuseppe Fonte ROME (Reuters) – The Brothers of Italy party, leading polls ahead of next month’s election, has asked outgoing Prime Minister Mario Draghi to freeze the sale of a majority stake in state-owned airline Ita Airways. Draghi resigned on July 21 and his key ministers have been debating whether the sale process can...
Generali confirms targets as life business lifts profits
Date: August 2, 2022
By Gianluca Semeraro MILAN (Reuters) -Italy’s top insurer Assicurazioni Generali said on Tuesday it would increase prices to keep up with rising costs, and maintained its financial targets after a strong life business helped it beat first-half earnings expectations. Generali, which on Wednesday will kick off its first share buyback in 15 years, reported a...
Lidar maker Innoviz signs $4 billion supply deal with Volkswagen
Date: August 2, 2022
By Paul Lienert (Reuters) – Innoviz Technologies will supply hardware and software to Volkswagen AG’s Cariad unit in a deal valued at $4 billion, the Israeli company said on Tuesday. The components, including laser-based lidar sensors, will be used in advanced driver assistance systems and automated vehicles from multiple brands in the Volkswagen Group, starting...
Not enough women: miners meet in Australia under a cloud after sexism report
Date: August 2, 2022
By Praveen Menon KALGOORLIE, Australia (Reuters) -Global investor and economist Dambisa Moyo this week became the first woman ever to deliver the keynote speech at the mining industry’s annual conference in Western Australia, a boost for the sector as it faces scrutiny over perceived sexism. Yet while Moyo had top billing, she is one of...
UK energy bills expected to leap again, raising stakes for next PM
Date: August 2, 2022
By Susanna Twidale LONDON (Reuters) – Britain’s cap on domestic energy prices is expected to rise by 70% in October and remain high until at least 2024, analysts warned on Tuesday, ramping up pressure on politicians vying to become the country’s prime minister. The forecast comes as former finance minister Rishi Sunak and foreign secretary...