Category Archives:
Landslides, floods kill 38 so far as monsoon rains lash Nepal
By Gopal Sharma KATHMANDU (Reuters) - Landslides caused by heavy rain have killed at least one person, and blocked a major highway in Nepal this week, officials said on Tuesday, as the death toll from...
Syndicated Content Aug 08, 2023
European stocks dip as Italian banks, downbeat data weigh
(Reuters) - European shares dropped on Tuesday, as Italian banks came under pressure after the cabinet approved a 40% windfall tax on lenders, while sticky inflation print from Germany and weak China ...
Syndicated Content Aug 08, 2023
Nigerian producer pumps out AI-powered Afrobeats
By Vining Ogu LAGOS (Reuters) - When artificial intelligence (AI) apps started spreading in Nigeria's music industry, Eclipse Nkasi thought his days as a producer were numbered. Then he took a step ba...
Syndicated Content Aug 08, 2023
Analysis-Oil hedge funds place their bets on heat-fueled hurricane season
By Nell Mackenzie LONDON (Reuters) - Bullish gasoline positions have hit their highest since the day Russia invaded Ukraine and will almost certainly rise further if record Atlantic Ocean heat draws a...
Syndicated Content Aug 08, 2023
Siemens cooperating with Austrian authorities in corruption probe
ZURICH (Reuters) - Siemens is cooperating with authorities in Austria on an investigation into allegations of a possible corruption scandal related to hospital building contracts. "Siemens has provide...
Syndicated Content Aug 08, 2023
China’s Country Garden missed two dollar bond coupon payments
HONG KONG (Reuters) - Major Chinese property developer Country Garden said on Tuesday it has not paid two dollar bond coupons due Aug 6 worth a total of $22.5 million. The bonds in question are notes ...
Syndicated Content Aug 08, 2023
Holiday Inn-owner IHG expects room revenue growth to hold up in tough economy
(Reuters) - Holiday Inn-owner IHG hiked its interim dividend on Tuesday and said it expected room revenue growth to remain positive across its regions in the second half of 2023, "irrespective of any"...
Syndicated Content Aug 08, 2023
WeWork rival IWG’s half-year profit surges on high demand, improved pricing
By Aby Jose Koilparambil (Reuters) -Office rental firm IWG retained a "cautiously optimistic" outlook after posting a 48% surge in half-year profit on Tuesday, helped partly by high demand for its spa...
Syndicated Content Aug 08, 2023
Germany’s Fraport sees earnings boost on higher passenger volumes
(Reuters) -Frankfurt Airport operator Fraport on Tuesday updated its 2023 core profit and net income forecasts, after first-half earnings were boosted by higher passenger volumes and strong demand for...
Syndicated Content Aug 08, 2023
SoftBank Group books surprise first-quarter loss
TOKYO (Reuters) -Japan's SoftBank Group reported a surprise loss of 477.6 billion yen ($3.3 billion) in April-June, its third straight quarter of losses. The result was far worse than a Refinitiv Smar...
Syndicated Content Aug 08, 2023
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