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Top StoriesAluminium Foundry Fights for Survival in European Gas Crisis
Top StoriesAluminium Foundry Fights for Survival in European Gas Crisis
Top StoriesRyanair to Appeal Against Hungary’s ‘baseless’ Consumer Protection Fine
Top StoriesWait and See: U.S. Companies Curb Investment as They Await Fed Moves
How to Keep Your Rental Business Healthy During a Recession
Date: August 3, 2022
By Doug Stoddart, the CEO and founder of Bike Rental Manager After navigating through the pandemic and dealing with rising inflation, rental businesses are facing uncertainty as to what the future will hold for their industry. With fears of an economic downturn, consumer confidence has fallen to the lowest levels since records began. As customers have proven...
Domino’s UK Franchisee Reports Lower Profit as Costs Bite
Date: August 2, 2022
(Reuters) -Britain’s Domino’s Pizza Group Plc reported a 16% fall in first-half pretax profit on Tuesday due to rising costs and food inflation, and said it would increase its media spend in the second half to lure more customers. The conflict between Russia and Ukraine, two major wheat exporters, has fuelled supply concerns in the...
Stephen King Goes to Bat for U.S. Gov’t in Case Against Book Publishing Mega-Merger
Date: August 1, 2022
By Diane Bartz WASHINGTON (Reuters) – The U.S. Justice Department will ask a federal judge on Monday to block a $2.2 billion merger of two of the “Big Five” book publishers, Penguin Random House and Simon & Schuster, in a trial that is expected to feature testimony from horror writer Stephen King. Also on Monday,...
Italy’s Economy Grew Faster Than Expected in Q2, Back Above pre-COVID Levels
Date: July 29, 2022
By Crispian Balmer ROME (Reuters) -Italy’s economy grew 1.0% in the second quarter of the year from the previous three months, preliminary data showed on Friday, a stronger-than-expected reading achieved against a backdrop of surging prices and war in Ukraine. On a year-on-year basis, second quarter gross domestic product in the euro zone’s third largest...
U.S. Exports, Business Spending May Salvage Second-Quarter GDP
Date: July 27, 2022
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit in goods narrowed sharply in June as exports surged, while business spending on equipment remained strong, reducing the risk that the economy contracted again in the second quarter. The better-than-expected reports from the Commerce Department on Wednesday left economists scrambling to upgrade their gross domestic...
U.S. Goods Trade Deficit Narrows Sharply; Core Capital Goods Shipments Strong
Date: July 27, 2022
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit in goods narrowed sharply in June amid a surge in exports, which could potentially calm fears that the economy contracted again in the second quarter. Gross domestic product last quarter also likely received a lift from business spending on equipment, with other data from the...