(Bloomberg) — Fresenius SE outlined plans to streamline its conglomerate structure, cut costs and separate from its kidney-dialysis unit in a revamp that failed to impress investors amid lackluster earnings.
Europe’s industries and transportation systems waste so much heat that capturing the excess and reusing it could save consumers more than €67 billion ($71.3 billion), a Danish engineering company said.
JPMorgan Chase & Co.’s Michelle Chen, a former senior China technology banker, will join the bank’s asset and wealth management division in Hong Kong, according to a memo seen by Bloomberg News.
South Africa is experiencing an unprecedented level of power blackouts.
Starbucks Corp., the world’s biggest coffee-shop operator, has launched a range of olive oil-infused beverages in Italy to boost market share in a country where it’s struggled to gain a foothold.
Hong Kong Financial Secretary Paul Chan laid out a cautious plan on Wednesday for a return to economic growth this year, disappointing those who had hoped the city would take a more ambitious swing at reclaiming its international hub status.
Danone’s revenue grew at the fastest rate in more than a decade, boosted by higher prices on products from Activia yogurt to Evian water.
Taiwan cut its forecast for growth this year as weak exports continue to drag on the economy, while inflation is likely to pick up more than expected, potentially injecting uncertainty into the central bank’s monetary policy strategy.
Lloyds Banking Group Plc shares slipped after the bank’s guidance for net interest margin disappointed analysts, outweighing the announcement of a £2 billion ($2.4 billion) buyback.
Germany’s business outlook improved for a fifth month as Europe’s biggest economy looks set to avoid the gloomy scenarios many feared after Russia invaded Ukraine.
