Category Archives:
IKEA reports record sales as price hikes offset weakening consumer confidence
By Anna Ringstrom STOCKHOLM (Reuters) -Budget furniture giant IKEA reported record high annual sales on Thursday as price hikes and easing effects from the pandemic made up for supply shortages, weake...
Oct 13, 2022
Volkswagen to take 60% stake in tech joint venture with China’s Horizon Robotics
BERLIN (Reuters) - Volkswagen will invest 2.4 billion euros ($2.33 billion) and take a 60% stake in a new joint venture with Chinese technology company Horizon Robotics for autonomous driving software...
Oct 13, 2022
Factbox-Europe Inc cuts jobs as economy sputters
(Reuters) - Decades-high inflation and the impact of the Ukraine crisis have pressured companies across Europe to consider laying off people or put a freeze on hiring. Following is a list of some of t...
Oct 13, 2022
India’s Infosys beats Q2 profit estimates, sets $1.13 billion share buyback
BENGALURU (Reuters) -India's Infosys Ltd on Thursday reported a bigger-than-expected increase in second-quarter profit, boosted by strong demand, and raised its full-year revenue growth forecast. The ...
Oct 13, 2022
German business chiefs clash with Berlin over China policies
By Andreas Rinke, Victoria Waldersee and Sarah Marsh BERLIN (Reuters) - When German business chiefs got wind last month of an economy ministry proposal to screen all company investment going into Chin...
Oct 13, 2022
Delta misses quarterly profit estimates, sees no letup in travel demand
By Rajesh Kumar Singh CHICAGO (Reuters) - Delta Air Lines Inc's quarterly profit missed Wall Street estimates on Thursday but the carrier expects travel demand to remain robust despite growing risks o...
Oct 13, 2022
UK extends deadline to remove Huawei equipment from 5G network core
LONDON (Reuters) -Britain on Thursday extended the deadline to remove equipment and services from China's Huawei in core network functions to Dec. 31, 2023, from an original target of Jan. 28, 2023, a...
Oct 13, 2022
BlackRock profit falls 16% as market volatility spooks investors
(Reuters) -BlackRock Inc on Thursday posted a 16% drop in third-quarter profit as volatile global markets pressured fee income and sent assets under management further below the $10 trillion mark hit ...
Oct 13, 2022
U.S. FCC set to ban all U.S. sales of Huawei, ZTE equipment- Axios
(Reuters) - The U.S. Federal Communications Commission plans to ban all sales of Huawei and ZTE telecommunications equipment in the United States on national security grounds, news website Axios repor...
Oct 13, 2022
With time running out, U.S. Capitol riot panel keeps focus on Trump
By Patricia Zengerle WASHINGTON(Reuters) - The congressional committee investigating the Jan. 6, 2021, attack on the U.S. Capitol by Donald Trump's supporters promised to present new evidence on Thurs...
Oct 13, 2022
Peoria, IL, USA
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