By Mimosa Spencer PARIS (Reuters) -L’Oreal reported a brisk rise in third quarter sales on Thursday, lifted by growth in Europe and an acceleration in the United States, but missed expectations for a strong rebound in China. The Paris-based group, which owns labels ranging from Maybelline to Lancome, said sales in North Asia were down …
L’Oreal sales up despite muted recovery in China Read More »
By Sergio Goncalves LISBON (Reuters) – Portugal will decide on the size of the stake it will sell in flag carrier TAP once competitors present their proposals, Infrastructure Minister Joao Galamba told a parliamentary committee on Thursday. The Portuguese government plans to sell at least 51% of TAP as part of a plan to privatise …
Portugal to define size of TAP stake for sale once proposals submitted – minister Read More »
By Helen Coster NEW YORK (Reuters) -You may never have to read another news story in your life, if you have artificial intelligence that can digest all the web’s information and serve up a summary on demand. That’s the stuff of nightmares for media barons as Google and others experiment with what’s called generative AI, …
As Google pushes deeper into AI, publishers see fresh challenges Read More »
By Charlotte Van Campenhout and Bart H. Meijer BRUSSELS (Reuters) -Meta and TikTok have been given a week by the European Commission to provide details on measures taken to counter the spread of terrorist, violent content and hate speech on their platforms, a week after Elon Musk’s X was told to do the same. The …
Meta, TikTok given a week by EU to detail measures against disinformation Read More »
By Ludwig Burger and Oliver Hirt (Reuters) -Quarterly sales at Switzerland’s Roche slipped 3% as a slump in COVID-19 product sales and a strong Swiss franc overshadowed the launch of a drug against blindness, with an underwhelming guidance weighing on its shares. Third-quarter sales came in at 14.3 billion Swiss francs ($15.9 billion), the Swiss …
Roche’s Q3 sales down 3% on currency headwinds, drop in COVID sales Read More »
By Nick Carey LONDON (Reuters) – The management of bankrupt electric truck maker Volta Trucks is urgently seeking a buyer to take the company out of administration and help it complete the ramp-up to mass production, a source familiar with the issue told Reuters. Volta, which is headquartered in Sweden and has operations in the …
Management of bankrupt Volta Trucks seeking buyer – source Read More »
By Khushi Singh and Bansari Mayur Kamdar (Reuters) -London’s FTSE 100 fell on Thursday as a rise in long-term government bond yields and uncertainty around the Middle East conflict kept investors risk-averse, while Rentokil Initial dropped on flagging weaker annual demand in North America. The commodity-focused FTSE 100 closed 1.2% lower, while the mid-cap FTSE …
FTSE 100 falls over 1% on rising yields; Rentokil Initial tumbles Read More »
By Tom Sims FRANKFURT (Reuters) -FlatexDEGIRO, the German online broker with operations throughout Europe, is open to a takeover by a U.S. or Asian company, a move that could “make a lot of sense”, its chief executive told Reuters. The broker, with 2.5 million customer accounts in 16 countries, is shifting focus to “growth and …
German broker flatexDEGIRO open to takeover by U.S. or Asian company Read More »
By Tristan Veyet and Mateusz Dobrzyniewski (Reuters) – Swiss online drug retailer DocMorris said it expected its annual loss to be at the upper end of a previous forecast, driving its shares down by more than 10% on Thursday following a decline in paper prescriptions. It forecast an adjusted core loss of 30 million to …
Online drug retailer DocMorris trims 2023 outlook Read More »
By Anne Kauranen HELSINKI (Reuters) – A digital euro would allow consumers in Europe to pay with central bank money but it would not be an investment object similar to cryptocurrencies, Bank of Finland board member Tuomas Valimaki said on Thursday. On Wednesday, the European Central Bank took a further step towards launching a digital …
ECB’s Valimaki: digital euro will not be an investment object Read More »
