OSLO (Reuters) – Oslo-listed energy service group Subsea 7, which plans to merge with Italian rival Saipem, said on Thursday its core profit rose 53% last year, in line with its previous guidance. Subsea 7 reported adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $1.09 million for the full year 2024, up from …
By Harry Robertson LONDON (Reuters) – Traders who bet on the future course of inflation foresee the sharpest divergence for three years between the U.S. and euro zone, driven by different growth paths, tariff threats and cheaper European energy after a potential Ukraine peace deal. That gap is not fully reflected in U.S. and euro …
Analysis-Investors bet on sharpest U.S.-Europe inflation divergence since 2022 Read More »
MADRID (Reuters) -Spanish power utility Endesa’s net profit more than doubled in 2024, it said on Thursday, helped by recovery in its gas business. Endesa, owned by Italian energy giant Enel, booked a net profit of 1.89 billion euros ($1.98 billion), up from 742 million euros a year earlier, when results were hit by settlement …
By Greg Bensinger (Reuters) -Amazon on Wednesday unveiled the first major overhaul of its Alexa voice assistant since its introduction more than a decade ago, embedding it with generative artificial intelligence. The effort carries significant weight at Amazon, which has plowed billions of dollars into Alexa since its launch in 2014 in the hope of …
Amazon debuts new Alexa voice assistant with AI overhaul Read More »
MOSCOW (Reuters) – Russian e-commerce firm Ozon on Thursday reported a more than 500% jump in full-year core earnings to 40.1 billion roubles ($459.34 million), helped by the improved monetisation of marketplace operations and expansion of its fintech services. For 2025, Ozon said it expects adjusted earnings before interest, tax, amortisation and depreciation (EBITDA) to …
Russian e-commerce firm Ozon reports over 500% jump in 2024 earnings Read More »
FRANKFURT (Reuters) – Deutsche Pfandbriefbank (PBB), one of Germany’s top property financiers, on Thursday posted a slight drop in net profit in 2024 and warned that a recovery in real estate markets was slow. The bank’s annual net profit was 90 million euros ($94.19 million), compared with 91 million euros a year earlier, while provisions …
Germany’s PBB warns of slow recovery in property as profit stagnates Read More »
By Paolo Laudani (Reuters) – Defence electronics maker Hensoldt on Thursday reported a growing order intake and forecast revenue to rise this year, as global tensions fuel defence spending. The German firm posted for its 2024 financial year an order intake of 2.90 billion euros ($3.05 billion), a jump of 28% from the previous year, …
Germany’s Hensoldt reports order intake jump, aims for revenue growth this year Read More »
MOSCOW (Reuters) – The Russian government has decided to extend petrol export permits for producers until the end of August 2025, Russian news agency Interfax reported on Thursday. The government made the decision to maintain a stable situation in the domestic fuel market and support the oil refining economy, Interfax reported. (Reporting by Reuters)
TOKYO (Reuters) – Toyota Motor said on Thursday its worldwide production rose for the first time in a year in January, as it ramped up output in Japan after recovering from last year’s certification scandal in its home market. The world’s biggest automaker’s global output for January increased 6% year-on-year to 781,729 vehicles, with domestic …
Toyota global output rises for the first time in a year in January Read More »
(Reuters) – Britain’s vehicle output was off to a poor start in 2025, with January production down nearly 18% year-on-year, due to weakness in key markets such as the European Union, China and the UK, industry data showed on Thursday. A total of 78,012 units rolled off factory lines in the first month of 2025, …
UK car industry off to rocky start as January output drops, industry data shows Read More »
