financial crisis

Image for Spain flood death toll hits 205, rescuers yet to reach some parts of Valencia
Top Stories

Spain flood death toll hits 205, rescuers yet to reach some parts of Valencia

By David Latona and Charlie Devereux ALFAFAR, Spain (Reuters) -Spanish rescuers opened a temporary m...

1st November, 2024

Image for Pope Francis tells Vatican media operations to expect budget cuts
Top Stories

Pope Francis tells Vatican media operations to expect budget cuts

By Joshua McElwee VATICAN CITY (Reuters) – Pope Francis on Thursday told employees of the Vatican’s...

31st October, 2024

Image for Stellantis revenue slides as automaker cuts bloated inventories
Investing

Stellantis revenue slides as automaker cuts bloated inventories

By Giulio Piovaccari and Gilles Guillaume MILAN (Reuters) -Reduced shipments and lower pricing power...

31st October, 2024

Image for Ubisoft expects 39% drop in third-quarter net bookings
Finance

Ubisoft expects 39% drop in third-quarter net bookings

(Reuters) -French video game producer Ubisoft expects net bookings for its third quarter to be down...

31st October, 2024

Image for VW proposes 10% pay cut to tackle crisis
Finance

VW proposes 10% pay cut to tackle crisis

FRANKFURT (Reuters) – Volkswagen has proposed to cut wages at its brand by 10% to tackle weak demand...

31st October, 2024

Image for Outokumpu warns of worsening steel markets after Q3 profit beat
Business

Outokumpu warns of worsening steel markets after Q3 profit beat

By Jagoda Darlak (Reuters) – Finnish stainless steel maker Outokumpu beat market expectations for it...

30th October, 2024

Image for BASF sees 2024 profit at lower end of range on weaker auto, agriculture demand
Business

BASF sees 2024 profit at lower end of range on weaker auto, agriculture demand

By Ludwig Burger and Patricia Weiss FRANKFURT (Reuters) -BASF on Wednesday predicted full-year earni...

30th October, 2024

Image for GSK warns of lower 2024 vaccine sales after weaker RSV, shingles demand
Top Stories

GSK warns of lower 2024 vaccine sales after weaker RSV, shingles demand

By Yadarisa Shabong and Maggie Fick (Reuters) – GSK on Wednesday said its vaccine sales would fall t...

30th October, 2024

Image for Raiffeisen cuts return on equity guidance due to Polish mortgage loans provisions
Banking

Raiffeisen cuts return on equity guidance due to Polish mortgage loans provisions

(Reuters) -Austria’s Raiffeisen Bank International (RBI) has cut its return on equity (ROE) guidance...

30th October, 2024

Image for Ford shares drop as supply snags and costs hurt profit forecast
Business

Ford shares drop as supply snags and costs hurt profit forecast

By Nathan Gomes (Reuters) – Ford Motor shares fell as much as 10.4% on Tuesday after the automaker t...

30th October, 2024

Image for Finnair tightens annual operating profit outlook, shares skid
Investing

Finnair tightens annual operating profit outlook, shares skid

(Reuters) -Finnair, Finland’s national carrier, tightened its annual operating profit forecast range...

29th October, 2024

Image for Steelmaker Acerinox expects weak demand to persist into fourth quarter
Business

Steelmaker Acerinox expects weak demand to persist into fourth quarter

By Javi West Larrañaga and Jesus Calero (Reuters) -Spanish steelmaker Acerinox posted a sharp drop i...

29th October, 2024