By Helen Reid and Neil J Kanatt (Reuters) -Birkenstock, famous for its cork-based sandals, reported strong sales over the Christmas holiday shopping season but stopped short of raising its earnings targets as executives struck a note of caution over tariffs and other economic risks. “We have a very strong order book, but keep in mind …
Birkenstock flags tariff risk after strong holiday sales Read More »
Quantum computing stocks advanced on Thursday after Microsoft launched a new chip that indicated the technology is not “decades away” as stated by the top boss of AI chip bellwether Nvidia. Microsoft unveiled its Majorana 1 chip on Wednesday and said it is less prone to errors than rivals, while providing evidence in a scientific …
Quantum computing stocks rise as Microsoft’s new chip heats up debate over technology Read More »
By Leigh Thomas PARIS (Reuters) – France’s pensions system will steadily sink deeper in the red in the coming decades despite a 2023 overhaul to keep it afloat, adding nearly half a trillion euros to the country’s debt burden, the public audit office said on Thursday. Prime Minister Francois Bayrou had asked the Cour des …
French pension deficit to more than double in a decade, audit office says Read More »
(This Feb. 19 story has been refiled to fix typographical error, in paragraph 6) WASHINGTON (Reuters) – Federal regulators have cited Tesla for violating workplace safety rules in connection with the electrocution of a worker last summer at its Austin, Texas, auto-manufacturing plant. The U.S. Department of Labor confirmed the findings in a statement to …
Tesla cited by U.S. regulators over worker’s death Read More »
MADRID (Reuters) – The chief executive of Spanish oil company Repsol said on Thursday he expected U.S. President Donald Trump’s energy policies would have a positive impact on the gas industry including increased output and lower prices. “The new licenses to export LNG are going to increase demand,” Josu Jon Imaz, whose company produces gas …
Repsol says Trump’s gas policies will help lower prices Read More »
By John Revill ZURICH (Reuters) – American tourists helped the Swiss hotel industry reach a record number of overnight stays in 2024, the government said on Thursday, as the stronger dollar and inflation abroad made Alpine trips more attractive. The influx of trans-Atlantic travellers supported the sector which has struggled in recent years with a …
American travellers push Swiss tourism to record numbers in 2024 Read More »
LONDON (Reuters) – Gold exports from Switzerland rose year on year in January as supplies to the United States soared to the highest in at least 13 years and offset lower deliveries to top consumers China and India, Swiss customs data showed on Thursday. Switzerland, the world’s biggest bullion refining and transit hub, alongside Britain …
Swiss January gold exports to the US reach highest for 13 years Read More »
FRANKFURT (Reuters) – Reduced workloads faced by some employees may make them save up excessively out of fear of losing their jobs, a European Central Bank study argued on Thursday, hoping to answer a key economic puzzle that has wrong-footed policymakers for the past year. With employment breaking record highs, the ECB has long expected …
Job loss fears may explain disappointing euro zone consumption, ECB blog argues Read More »
By Pietro Lombardi MADRID (Reuters) – Spain’s Naturgy plans to buy back almost 2.5-billion euros ($2.6 billion) of its shares, up to 10% of its capital, then resell them in the market, the power company said on Thursday as it pledged to increase its free float. Naturgy shares rose 5.2% after it also promised to …
Spain’s Naturgy plans $2.6 billion share buyback Read More »
MILAN (Reuters) – Italian spirits group Davide Campari, led by its new Chief Executive Simon Hunt, said on Thursday it needed to take some “tough decisions, such as organizational restructuring” to ensure the group’s return to financial health. Italian daily MF reported on Thursday that the group was working to cut its workforce by 10%, …
Campari plans restructuring to ensure financial health Read More »
