Category Archives:
Facebook’s growth woes in India: too much nudity, not enough women
By Munsif Vengattil and Aditya Kalra NEW DELHI (Reuters) - On Feb. 2, when Meta Platforms reported Facebook's first-ever quarterly drop in daily users, its finance chief identified higher mobile data ...
Jul 21, 2022
Exclusive: Citi, Raiffeisen, other foreign banks seek staff in Russia as they struggle to exit
MOSCOW (Reuters) - Russian divisions of foreign banks, such as Citi and Raiffeisen Bank International, have started looking for staff this month after Russian authorities moved to block them exiting t...
Jul 21, 2022
AngloAmerican Q2 production falls 9% on lower copper grades
(Reuters) - Global miner Anglo American on Thursday reported a 9% fall in second-quarter output on likely lower grades in copper and lack of water availability in Chile as well as planned maintenance ...
Jul 21, 2022
Mitchells & Butlers flags challenging business environment on cost pressures
(Reuters) - British restaurant and pub operator Mitchells & Butlers on Thursday flagged a challenging trading environment due to surging costs in the aftermath of the Ukraine conflict and low consumer...
Jul 21, 2022
Reaction to China imposing $1.2 billion fine on Didi Global
(Reuters) - China's cybersecurity regulator fined Didi Global Inc 8.026 billion yuan ($1.2 billion) after a year-long probe found the ride hailing giant had violated laws including ones pertaining to ...
Jul 21, 2022
Russian gold miner Polymetal’s second-quarter revenue down 36%
MOSCOW (Reuters) - Russian gold and silver producer Polymetal's second-quarter revenue fell by 36% year on year to $433 million after Western sanctions against Russia had a material impact on sales an...
Jul 21, 2022
Electrolux profit misses forecast as supply chain issues weigh
STOCKHOLM (Reuters) - Sweden's Electrolux reported on Thursday profits below expectations for the second quarter and said it had been impacted by significant supply chain challenges. Operating profit ...
Jul 21, 2022
Publicis hikes full-year guidance on ‘all-time high’ semester
(Reuters) - Publicis, the world's third-biggest advertising group, raised its full-year guidance after beating first-half organic revenue growth and core profit margin expectations on Thursday. The Fr...
Jul 21, 2022
Getlink’s core profit soars as travellers return, while Eleclink shows promise
By Olivier Sorgho and Charlotte Lavin (Reuters) - Channel Tunnel operator Getlink said on Thursday its half-year core profit more than tripled from a year earlier, beating analyst expectations on the ...
Jul 21, 2022
BE Semiconductor sees lower revenue in Q3
(Reuters) - Chipmaking equipment supplier BE Semiconductor (BESI) on Thursday forecast a drop in third-quarter revenue, citing current market conditions and seasonal trends. The maker of semiconductor...
Jul 21, 2022
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