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Monte dei Paschi swings to profit ahead of new plan in June
MILAN (Reuters) - Monte dei Paschi di Siena on Friday reported a first quarter profit of 9.7 million euros ($10 million) and said new Chief Executive Luigi Lovaglio would present a new plan for the It...
May 06, 2022
Holiday Inn owner IHG’s room revenue surges on travel recovery
(Reuters) - Intercontinental Hotels Group on Friday signalled a sharp recovery in the hospitality sector as people gradually resume leisure and business travel after countries eased pandemic-related r...
May 06, 2022
British Airways-owner IAG says business travel recovering
LONDON (Reuters) - British Airways-owner IAG said on Friday it had seen a strong recovery in business travel in the first quarter and it expected to be profitable from the second quarter onwards and f...
May 06, 2022
Russian services sector contracts in April as sanctions weigh – PMI
(Reuters) - Russia's service sector activity shrank in April for the second month in a row, hurt by weak client demand and a drop in new orders as sanctions dented customer purchasing power, a busines...
May 06, 2022
Heat adds to despair of Indian women after decades of daily treks for water
By Ritesh Shukla HINAUTI, India (Reuters) - India's scorching summer heat adds new risks this year to an energy-sapping challenge that tribal woman Munni Adhivasi has surmounted every day for two deca...
May 06, 2022
Tesla aims to run two shifts at Shanghai plant from May 16 – Memo
SHANGHAI (Reuters) - Tesla is aiming to run two shifts at its Shanghai plant from May 16, an internal memo seen by Reuters said, which would enable the U.S. carmarker to bring factory output back to l...
May 06, 2022
Adidas lowers 2022 expectations amid China lockdowns
BERLIN (Reuters) - Adidas on Friday lowered expectations for 2022 revenue and net income targets as renewed COVID-19-related lockdowns in Greater China continued to hit the German sportwear company. T...
May 06, 2022
Indian court lifts block on $725 million of Xiaomi’s assets in royalty case – sources
By Aditya Kalra NEW DELHI (Reuters) - An Indian court has put on hold a federal enforcement agency's decision to seize $725 million from local bank accounts of China's Xiaomi Corp for suspected violat...
May 06, 2022
ECB must quickly raise key rates, says head of Germany’s Ifo institute
BERLIN (Reuters) - The European Central Bank must quickly raise interest rates in line with the United States, given high inflation in the euro zone, the head of Germany's Ifo institute told the Augsb...
May 06, 2022
ING misses Q1 profit estimates as Russia provisions hit earnings
By Toby Sterling AMSTERDAM (Reuters) -ING Groep NV, the largest Dutch bank, reported on Friday a worse-than-expected quarterly net income of 429 million euros ($452 million), including a surge in prov...
May 06, 2022
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