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Safran H1 profit rises but more supply chain snags ahead
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Oil extends gains as risk appetite improves, U.S. inventories fall
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OMV more than doubles Q2 core earnings on soaring gas prices
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Fed unveils 75-basis-point rate hike, flags weakening economic data
Missing parts force Airbus to cut near-term supply goals
Date: July 28, 2022
By Tim Hepher PARIS (Reuters) -Airbus cut its annual jet delivery forecast and put the brakes on planned production increases on Wednesday, bowing to pressure from fragile supply chains and widespread labour shortages as aerospace struggles to meet resurgent demand. After insisting for months that it could quickly go beyond pre-pandemic jet production as people...
Egypt cancels contracts for 240,000 T of stranded Ukrainian wheat -sources
Date: July 27, 2022
By Sarah El Safty CAIRO (Reuters) – Egypt has cancelled contracts for a total of 240,000 tonnes of Ukrainian wheat that were booked by its state grains buyer for February and March delivery but never loaded due to Russia’s invasion of Ukraine, two people with knowledge of the matter said. Reuters reported in May that...
Carrefour raises 2022 savings goal, confident on second half
Date: July 27, 2022
By Dominique Vidalon PARIS (Reuters) -Europe’s largest food retailer Carrefour said on Wednesday it was confident about the second half of the year after reporting higher first-half operating profit and raising its 2022 cost-savings target amid accelerating inflation. Carrefour said cash generation would remain above one billion euros in 2022, as it now aims for...
Microsoft says Austrian firm behind spyware targeting law firms, banks
Date: July 27, 2022
By James Pearson LONDON (Reuters) – Security researchers at Microsoft have said an Austrian firm was behind a string of digital intrusions at banks, law firms and strategic consultancies in at least three countries. The firm, DSIRF, developed spyware – malicious software designed to spy on or steal information from a target’s device – called...
Oldest patient yet cured of HIV after stem cell transplant – researchers
Date: July 27, 2022
By Jennifer Rigby LONDON (Reuters) – The oldest patient yet has been cured of HIV after receiving a stem cell transplant for leukaemia, researchers reported on Wednesday. While the transplant was planned to treat the now-66-year-old’s leukaemia, the doctors also sought a donor who was naturally resistant to the virus that causes AIDS, a mechanism...
Gucci’s sales growth eases in Q2 as China lockdowns weigh
Date: July 27, 2022
PARIS (Reuters) -Sales at French luxury group Kering’s top brand Gucci rose by just 4% in the second quarter, the group said on Wednesday, as a new round of lockdowns weighed on revenues in the key Chinese market. Overall sales for Kering, which is also home to fast-growing labels Saint Laurent and Bottega Veneta, came...