(Reuters) – British finance minister Rachel Reeves will hand the UK government’s armed forces a funding boost of almost 3 billion pounds ($3.90 billion) in the Oct. 30 budget, the Telegraph reported on Tuesday. ($1 = 0.7686 pounds) (Reporting by Rishabh Jaiswal in Bengaluru; Editing by Leslie Adler)
(Reuters) – Online ad sellers added over $100 billion stock market value late on Tuesday after upbeat quarterly results from Alphabet, Reddit and Snap lifted investor optimism ahead of reports from Amazon and Meta Platforms. Alphabet’s stock rallied 4% in extended trade after it topped quarterly revenue expectations, helped by steady growth in its digital …
Results from Alphabet and Snap lift shares of online ad sellers Read More »
(Reuters) – The European Commission on Tuesday said it had finalised discussions with Britain on an agreement that would allow both sides to cooperate directly in antitrust investigations. The agreement is the first that would allow national competition authorities from EU countries to cooperate directly with a competition authority outside the bloc. The agreement, which …
EU and Britain agree on cooperation in antitrust investigations Read More »
(Reuters) – Intel CEO Pat Gelsinger inherited a troubled company that had lost its edge in manufacturing skills and had ceded to rivals the hugely lucrative markets for chips used in mobile phones and artificial intelligence. 1968 – Robert Noyce and Gordon Moore found Intel, helping reshape California’s Santa Clara Valley from fruit orchards into …
CHAM, Switzerland (Reuters) -The Swiss National Bank could further cut interest rates to maintain price stability, Chairman Martin Schlegel said on Tuesday. “In the coming quarters, further interest rate reductions could be needed to maintain price stability in the mid-term,” Schlegel told an event organised by Raiffeisen Bank in Cham, Switzerland. The comments could be …
SNB chairman says further interest rate cuts could be necessary Read More »
By Anna Peverieri (Reuters) -French construction materials group Saint-Gobain reported third-quarter volumes slightly above analyst expectations on Tuesday as resilience in building renovation offset weakness in Europe and a decline in new construction. The company, which designs, manufactures and distributes materials for the building and industrial market, said its third quarter volumes were down by …
Saint-Gobain’s Q3 volumes narrowly beat expectations as renovation resilient Read More »
By Maria Martinez and Matthias Williams BERLIN (Reuters) -Thousands of German workers launched nationwide strikes to press for higher wages on Tuesday, compounding problems for companies worried about staying globally competitive as high costs, weak exports and foreign rivals chip away at their strengths. The strikes by unionised workers in the nearly four-million strong electrical …
Workers launch strikes as Germany frets over industrial future Read More »
MILAN (Reuters) – Eni has not suffered any breach of its computer systems, a spokesman said on Tuesday after Italian police unveiled an investigation into illegal access to state databases to get confidential information on companies and individuals. The alleged database hacking was carried out by a private intelligence business called Equalize run by a …
Eni says its computer systems have not been breached, amid Italy scandal Read More »
MILAN (Reuters) -Campari missed forecasts on Tuesday with an 18.2% drop in third-quarter operating profit and the Italian spirits maker warned its fourth-quarter results would be hit by lower production volume and an unfavourable sales mix. Spirits makers have been struggling with lacklustre demand in the key markets of China and the United States after …
Campari’s third-quarter operating profit drops 18% Read More »
MILAN (Reuters) -Revenues at Italian luxury outerwear maker Moncler fell 3% at constant exchange rates in the third quarter, slightly more than analysts had anticipated, with weakness spread across all its main markets. Luxury groups have been struggling with tighter consumer spending in recent quarters, especially in China. Kering last week reported a larger than …
Sales at Moncler slip 3% in third quarter as demand weakens globally Read More »
