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Stellantis CEO says easing chip crunch could throttle back pricing power
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Barclays latest global bank ensnared in U.S. ‘Whatsapp’ probes
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In Canada’s north, environment-minded Pope to get climate change close-up
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From grain to gasoline: a brief world history of rationing
Buyback disappointment takes shine off TotalEnergies’ Q2 profits
Date: July 28, 2022
PARIS (Reuters) -TotalEnergies posted a surge in second-quarter profits, joining others in its sector that have benefited from higher energy prices, although its shares fell as its stock buyback plans disappointed some analysts and investors. Adjusted net income nearly trebled from a year ago to $9.8 billion, as the company cashed in on a rise...
Factbox-The crypto crash hit these companies the hardest
Date: July 28, 2022
By Hannah Lang (Reuters) – Cryptocurrencies have been hard hit by fears interest rate hikes will end the era of cheap money, with the world’s largest digital asset, bitcoin, down more than 56% from this year’s high. Several crypto companies have filed for bankruptcy or have been forced to look for emergency capital infusions. THREE...
Volkswagen keeps outlook, says Porsche IPO on track
Date: July 28, 2022
By Victoria Waldersee BERLIN (Reuters) -Volkswagen said it expected to hit the high end of its profit target range for 2022 as supply chain bottlenecks ease and said it was still aiming to list the Porsche brand this year despite its CEO double jobbing as boss of both companies. Volkswagen shares rose 2.4% on Thursday...
Explainer-Blood, treasure and chaos: the cost of Russia’s war in Ukraine
Date: July 28, 2022
By Guy Faulconbridge LONDON (Reuters) – Russia’s Feb. 24 invasion of Ukraine has left tens of thousands of dead, displaced millions and sown economic strife across the world. Following are the main impacts of the war: * DEATH Since Feb. 24, 5,237 civilians have been recorded as killed and 7,035 as injured, though the actual...
Nestle raises growth outlook, eyes consumer reaction to price hikes
Date: July 28, 2022
By Silke Koltrowitz ZURICH (Reuters) -Nestle warned on Thursday that price hikes could eventually weigh on sales volumes for the maker of Cheerios cereals, Kit Kat bars and Nescafe as it raised its full-year sales growth forecast to 7-8% and trimmed its margin guidance. Cost inflation hurt the world’s biggest food group less than expected...
Analysis-With massive Polish arms deal S.Korea steps closer to Ukraine war
Date: July 28, 2022
By Josh Smith SEOUL (Reuters) – South Korea’s biggest ever arms deal will make it a major supplier of weapons flooding into Europe since the Ukraine war began, with sales to NATO-member Poland involving more than 1,600 tanks and howitzers, and nearly 50 fighter jets. South Korean and Polish officials signed a framework agreement on...