financial-sector
FinanceUK Economy Contracts in September in Blow to Reeves’ Growth Push
FinanceAustralia Regulator to Ramp up Focus on Protecting Consumer Savings
BankingUK Finance Firms Seek ‘bold’ Reforms to Counter Wall St Ascendancy
Top StoriesZeiss Opens Tech-Focussed Centre in India, to Double Workforce in 3 Years
Spain’s Melia Books 24% 9-month Net Profit Increase as Summer Sales Soar
Date: November 11, 2024
MADRID (Reuters) – Spain’s largest hotel chain, Melia Hotels, on Monday said its net profit over the first nine months of the year rose 24% to 118.6 million euros ($126.83 million) beating analysts’ expectations, thanks to a good summer season. The company also said it reaped the benefits of its investments in luxury rooms in...
Analysis-As Its Industry Struggles, Germany Services Sector Offers Untapped Growth Potential
Date: November 11, 2024
By Maria Martinez (Reuters) – By chiefly focusing on trying to salvage its industry champions, German policymakers may have overlooked the untapped growth potential of the country’s services sector. The German economy, once described as Europe’s growth engine, has underperformed euro zone peers since 2018 and faces further pain amid plans by car giant Volkswagen...
Trump Prepares to Withdraw From Paris Climate Agreement, Nyt Reports
Date: November 9, 2024
(Reuters) -U.S. President-elect Donald Trump’s transition team has prepared executive orders and proclamations on withdrawing from the Paris climate agreement and shrinking the size of some national monuments to allow more drilling and mining, the New York Times reported on Friday. Trump is also expected to end the pause on permitting new liquefied natural gas...
UK Regulator Flags Concerns and Remedies for Sale of Baby Formula
Date: November 9, 2024
(Reuters) -Britain’s competition watchdog flagged concerns and potential solutions regarding the distribution of infant formulas on Friday, which could help improve the sector as well as reduce costs for parents. The Competition and Markets Authority’s (CMA) initial recommendations include providing parents clear and accurate information on the nutritional value of the formula and standardising its...
Portugal Targets 2025 Tap Sale as More Than 12 Potential Buyers Show Interest
Date: November 9, 2024
By Sergio Goncalves LISBON (Reuters) – Portugal’s government plans to resume the sale of flag carrier TAP in 2025, the country’s infrastructure minister said, after receiving interest from more than a dozen potential buyers. A previous Socialist administration approved the privatisation of at least 51% of TAP in September 2023, but the sale did not...
Asml Hit With Global IT Outage That Was Resolved
Date: November 9, 2024
(Reuters) – Computer chip equipment maker ASML had a global IT systems outage on Friday, which has been resolved, a spokesperson for the company told Reuters. “All systems are fully recovered,” the company said, adding that the cause of the outage is currently being investigated. The outage, which caused some employees to work remotely, was...