Top Stories
Top Stories
KKR profit falls 9% on lower deal fees
Business
Cavai and MediaMath announce global partnership to deliver conversational advertising programmatically
Business
multilocal continues hiring spree as its steep growth trajectory continues
Top Stories
India confirms Asia’s first monkeypox death
China bans 35 Taiwanese food exporters in warning ahead of Pelosi visit
Date: August 2, 2022
HONG KONG (Reuters) – China has suspended imports from 35 Taiwanese exporters of biscuits and pastries since Monday, in a warning salvo to the self-governed island ahead of a potential visit to Taiwan by U.S. House of Representatives Speaker Nancy Pelosi. Taiwan’s official Central News Agency reported on Tuesday that among the 3,200 Taiwanese companies...
EU approves 3-billion-euro German green heating scheme
Date: August 2, 2022
By Kate Abnett BRUSSELS (Reuters) -The European Commission said on Tuesday it had approved the German government’s 3-billion-euro scheme to support renewable energy and waste heat-based district heating programmes, which it said would help Germany and the EU achieve their climate change targets. The 2.98-billion-euro scheme would promote green energy by offering government grants until...
America’s biggest warehouse is running out of room. It’s about to get worse
Date: August 2, 2022
By Lisa Baertlein SAN BERNARDINO, Calif. (Reuters) – America’s largest warehouse market is full as major U.S. retailers warn of slowing sales of the clothing, electronics, furniture and other goods that have packed the distribution centers east of Los Angeles. The merchandise keeps flooding in from across the Pacific, and for one of the busiest...
Austria’s RBI sees big profit gains in Russia and Belarus
Date: August 2, 2022
By Alexandra Schwarz-Goerlich and Tom Sims VIENNA (Reuters) – The Russian and Belarusian operations of Raiffeisen Bank International (RBI) posted the sharpest gains in profit among its subsidiaries in the first half, figures on Tuesday showed, even as the Austrian bank weighs a possible withdrawal from the region. The profitability of the Russian operations complicates...
After a record first half, Lamborghini prepares for a cold winter
Date: August 2, 2022
By Joseph White DETROIT (Reuters) – Wealthy sports car enthusiasts powered Italian supercar brand Lamborghini to record first-half deliveries and profitability, but Chief Executive Stephan Winkelmann said he is preparing for a challenging winter if Europe’s energy crunch gets worse. Lamborghini is banking natural gas to sustain operations during the winter should Russia carry through...
Euro area to get back half what it’s spending on war fallout – ECB
Date: August 2, 2022
FRANKFURT (Reuters) – Euro zone countries are spending more than they will get back to cushion the economic hit from the Ukraine war via fuel subsidies and other support measures, the European Central Bank said on Tuesday, telling governments to use their cash more efficiently. The 19 countries that share the euro approved support measures...