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Volvo Cars sees flat or lower retail sales this year
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Semiconductor equipment maker ASML profit rises on record bookings
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Financials, consumer staples boost FTSE 100; BoE rate hike bets rise
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Goldman Sachs’ Leland to return to London in new role
Italy’s right rules out returning to government with 5-Star
Date: July 19, 2022
By Crispian Balmer and Angelo Amante ROME (Reuters) – Conservative parties in Italy’s fractured coalition ruled out on Tuesday continuing to govern alongside the 5-Star Movement, complicating already difficult efforts to keep Prime Minister Mario Draghi’s administration afloat. Draghi tendered his resignation last week after the populist 5-Star Movement refused to back the 18-month-old national...
France battles massive wildfires, Britain records highest ever temperature
Date: July 19, 2022
By Kylie MacLellan and Dominique Vidalon LONDON/PARIS (Reuters) -Firefighters in southwestern France battled on Tuesday to contain massive forest wildfires and Britain recorded its highest ever temperature as a heatwave rising from the south settled over western Europe. Southern and western Germany and Belgium were also braced for potentially record-breaking temperatures as the heatwave, which...
Race to lead UK heats up, ex-finance minister Sunak’s lead narrows
Date: July 19, 2022
By Elizabeth Piper, Alistair Smout and Kylie MacLellan LONDON (Reuters) -British former finance minister Rishi Sunak held on to his lead on Tuesday among Conservative lawmakers in the race to replace Boris Johnson as prime minister, but his two remaining rivals were closing the gap, leaving the race wide open. In a vote among Conservative...
Farnborough slow roasts jet deals in scorching heat
Date: July 19, 2022
By David Shepardson and Tim Hepher FARNBOROUGH, England (Reuters) – Planemakers trickled out new jetliner orders on day two of the Farnborough Airshow on Tuesday, but the minds of most aviation bosses were on worldwide supply chain snags and blistering temperatures as Britain battled a record heat wave. The number of new plane orders reached...
France to pay $10 billion to take full control of EDF
Date: July 19, 2022
By Mathieu Rosemain and Leigh Thomas PARIS (Reuters) -France’s government is offering to pay 9.7 billion euros ($9.85 billion) to take full control of EDF, in a buyout deal that gives it a free hand to run Europe’s biggest nuclear power operator as it grapples with a continent-wide energy crisis. The finance ministry said in...
EasyJet CEO: We’ve stabilised operations but melting runways don’t help
Date: July 19, 2022
FARNBOROUGH, England (Reuters) – The chief executive of EasyJet said the low-cost airline had stabilised it flight operations after cutting its summer schedule last month, but melting runways and air traffic control (ATC) restrictions were not helping during a “challenging summer”. CEO Johan Lundgren said easyJet’s daily operations were back to pre-pandemic levels after the...