Category Archives:
Egypt’s headline inflation slows to 30.6% in April
CAIRO (Reuters) - Egypt's annual urban consumer inflation in April slowed to 30.6% from 32.7% in March, data from the state statistics agency CAPMAS showed on Wednesday, lower than analysts had expect...
May 10, 2023
Chinese competition, Xinjiang plant loom large for Volkswagen investors at AGM
BERLIN (Reuters) - Volkswagen investors will demand answers from the carmakers' executives at its annual general meeting on Wednesday on its competitiveness in China and its contested plant in Xinjian...
May 10, 2023
China’s BYD launches lower-priced versions of Seal EV; aims to extend lead
SHANGHAI (Reuters) - BYD Co Ltd launched on Wednesday five lower-priced versions of its Seal sedan, as the Chinese electric vehicle (EV) giant seeks to extend its lead in the world's largest market fo...
May 10, 2023
Australian firms correct claims after regulator’s ‘greenwashing’ crackdown
(Reuters) - Several Australian firms have corrected their exaggerated claims regarding environmentally friendly investments and products, called 'greenwashing', after the Australian Securities and Inv...
May 10, 2023
Cyber hack to cost UK outsourcer Capita up to $25 million
LONDON (Reuters) - British outsourcing company Capita warned it would take a 15 million pound to 20 million pound ($25 million) hit after its systems were hacked in a cyber incident earlier this year....
May 10, 2023
Chinese company earnings reveal lopsided economic recovery
By Summer Zhen HONG KONG (Reuters) - People in China splashed out on dining, travel and luxury goods after emerging from three years of pandemic restrictions but are still not spending freely on routi...
May 10, 2023
Panasonic Q4 profit falls 35%, misses market expectations
TOKYO (Reuters) - Japan's Panasonic Holdings Corp on Wednesday posted a 35% fall in fourth-quarter operating profit at 54.4 billion yen ($402.81 million). That compared with 83.4 billion yen a year ea...
May 10, 2023
UK’s Smiths Group names Alcoa’s Williams as next chair
(Reuters) - British industrial technology company Smiths Group Plc on Wednesday named Steve Williams as its next chairman to succeed George Buckley, who is retiring at the end of the company's annual ...
May 10, 2023
Ahold Delhaize boosted by U.S. sales
(Reuters) -Supermarket group Ahold Delhaize beat expectations with its first-quarter sales on Wednesday, reporting a higher margin for its U.S. stores while inflation hurt European profitability. The ...
May 10, 2023
Column-Rehabilitating sterling: Mike Dolan
By Mike Dolan LONDON (Reuters) - Sterling's been down so long, this looks like up to most people. Against the dark mood surrounding the British economy and dour positioning on the pound over the past ...
May 10, 2023
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