ROME (Reuters) – Italian industrial output was much weaker than expected in April, falling 1.0% from the month before after an unrevised 0.5% decline in March, data showed on Monday, underscoring the travails of the country’s struggling manufacturing sector. A Reuters survey of nine analysts had pointed to a 0.2% monthly gain in April. On …
Italy industry output slumps unexpectedly in April after March fall Read More »
BERLIN (Reuters) – Investor morale in the euro zone rose for the eighth consecutive month in June, but economic recovery in the bloc is proceeding with difficulty, a survey showed on Monday. Sentix’s index for the euro zone rose to 0.3 points for June from -3.6 in May. Analysts polled by Reuters had expected it …
Euro zone investor morale rises more than expected in June Read More »
(Reuters) – British luxury carmaker Aston Martin said on Monday it would raise annual pay by 4% for more than 2,500 employees and contractors across its UK manufacturing sites and offices for 2024 and 2025. Manufacturing technicians at the London-listed company will also receive a 1.5% rise in 2025, alongside a one hour reduction in …
Aston Martin to raise UK workers’ annual pay by 4% Read More »
LONDON (Reuters) – Investor demand to hedge risk in the euro around the snap French vote surged on Monday, after President Emmanuel Macron stunned markets with his decision to call a parliamentary election following wins by the far right in a European Union vote. Options volatility, a measure of demand for protection, on contracts expiring …
Investors scramble to hedge euro risk around snap French vote Read More »
By Sarah McFarlane, Ron Bousso and Dmitry Zhdannikov LONDON (Reuters) – BP employees must disclose any intimate relationships with colleagues or risk losing their jobs, the oil major told staff in a policy update, following the sacking of former CEO Bernard Looney for failing to do so. The updated conflicts of interest policy, which was …
Exclusive-BP tightens workplace relationships policy after Looney dismissal Read More »
By Mimosa Spencer PARIS (Reuters) -The departure of Chanel’s top designer early Thursday sent ripples across the $1.62 trillion luxury goods industry at a time when all the major global players are at a crossroads. The playbook at the world’s top fashion labels like privately owned Chanel and LVMH-owned Louis Vuitton and Dior has been …
Luxury prices in spotlight as Chanel enters new chapter Read More »
(Reuters) – Virgin Galactic flew four tourists to the edge of space and back aboard its spaceplane, marking the second flight this year, the Richard Branson-founded company said on Saturday. The Galactic 07 mission carried Turkish, U.S. and Italian passengers to an altitude of about 55 miles (88.51 km) on a flight lasting slightly more …
Virgin Galactic spaceplane takes tourists on flight Read More »
(Reuters) – It is too early to tell whether the European Central Bank has initiated a shift towards lower borrowing costs after it cut its benchmark interest rate this week, ECB policymaker Robert Holzmann said on Saturday. The ECB cut the rate it pays on bank deposits to 3.75% from a record 4.0% on Thursday …
(Reuters) – Cineworld is in talks over a possible sale as part of a strategic review that could lead to a wholesale restructuring of its business, Sky News reported on Saturday, citing unidentified sources. The operator and owner of brands such as Regal, Cinema City, Picturehouse and Planet has lined up AlixPartners as a consultant …
Cineworld plots sale of some UK cinema operations, Sky News reports Read More »
By Vladimir Soldatkin and Olesya Astakhova ST PETERSBURG, Russia (Reuters) – Igor Sechin, CEO of Russian energy major Rosneft, said on Saturday that an increase in spare oil production capacity offset efforts by OPEC+ to reduce oil output. He said that combined spare oil production capacity of Saudi Arabia, United Arab Emirates, Kuwait and Iraq …
Rosneft’s Sechin blasts spare oil output capacity rise in Middle East, West Read More »
