Category Archives:
Germany’s IfW predicts 0.5% GDP growth in 2023 amid stubbornly high inflation
BERLIN (Reuters) - Germany's IfW economic institute said on Wednesday it did not expect a strong economic recovery in 2023 due to continued losses in consumer purchasing power as a result of stubbornl...
Mar 15, 2023
French inflation revised upwards in February to 7.3% – final figures
PARIS (Reuters) - French annual inflation rose to a revised 7.3% in February from 7.0% in January, partly as a result of higher food prices, according to final figures from the INSEE statistics body o...
Mar 15, 2023
Malaysia palm oil, rubber farmers file EU petition contesting deforestation law
KUALA LUMPUR (Reuters) - Malaysian palm oil and rubber smallholders on Wednesday filed a petition to the European Union to protest against a new law preventing imports into the bloc of commodities lin...
Mar 15, 2023
ECB likely to stick to big rate hike despite banking turmoil, source says
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -European Central Bank policymakers are still leaning towards a half-percentage-point rate hike on Thursday, despite turmoil in the banking s...
Mar 15, 2023
Malaysia says its banks have limited exposure to Silicon Valley Bank crisis
KUALA LUMPUR (Reuters) - Malaysia's government on Wednesday said the country's banks have limited exposure to Silicon Valley Bank that collapsed last week in the United States, triggering fear of cont...
Mar 15, 2023
City Council approves $20.5 million in bonds for Civic Center upgrades
PEORIA, Ill. – The puck is now on the Peoria Civic Center's side of the ice. The Peoria City Council Tuesday night approved issuing $20.5 million in bonds to help finance projects the Civic Cent...
Mar 15, 2023
Carlsberg denies report it sold Russian breweries to Turkey’s Anadolu
COPENHAGEN (Reuters) - Danish brewer Carlsberg denied on Wednesday a media report that said the company had agreed to sell its Russian business to Turkish rival Anadolu Efes. Russian daily Vedomosti, ...
Mar 15, 2023
Zara owner Inditex’s profits jumps in 2022 on post-COVID fashion spend
MADRID (Reuters) - Zara owner Inditex on Wednesday said its net profit rose 27% in 2022 after sales exceeded pre-pandemic levels as the company raised prices to mitigate inflation and benefited from s...
Mar 15, 2023
BMW promises stable prices, sees 8-10% auto margin in 2023
BERLIN (Reuters) - BMW forecast on Wednesday an 8-10% margin for its autos segment in 2023 and said it plans to keep prices at a stable level, after years of dealing with rising costs by passing them ...
Mar 15, 2023
Apple supplier Foxconn’s Q4 profit falls 10%, in line with estimates
By Yimou Lee and Sarah Wu TAIPEI (Reuters) -Apple Inc supplier Foxconn reported on Wednesday a 10% fall in fourth-quarter net profit from a year earlier, as production at its biggest iPhone factory wa...
Mar 15, 2023
Peoria, IL, USA
42 °F Partly cloudy
