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Tesla says two ex-employees behind May data breach

(Reuters) – Two former Tesla employees were behind a data breach that compromised personal information of more than 75,000 people including staff, the electric carmaker said in a legal disclosure. Data exposed by the breach was leaked to German media outlet Handelsblatt, Steven Elentukh, Tesla’s data privacy officer, said in a submission to Maine’s attorney …

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DP Eurasia to file for bankruptcy of Russian Domino’s Pizza franchisee

(Reuters) -DP Eurasia will file for bankruptcy for its Russian business and exit the country, the operator of the Domino’s Pizza brand in Russia, Turkey, Azerbaijan and Georgia said on Monday. In December, the company said it was considering options for its Russian operations, including a divestment, like other Western firms which have exited Moscow …

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France issues ‘red alert’ over heatwave in south

PARIS (Reuters) – France on Monday afternoon issued a “red alert” for four southern regions amid a spell of excessively hot weather, with temperatures expected to peak at 41 degrees Celsius (106 degrees Fahrenheit) in the Rhone valley. The alert, France’s most serious, allows local authorities to call off sporting or cultural events and close …

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European shares rebound after four-day losses on energy, healthcare boost

By Shashwat Chauhan and Ankika Biswas (Reuters) -European shares snapped a four-day losing streak on Monday as energy and miners rose, tracking higher global commodity prices, while Danish drugmaker Novo Nordisk steered gains in the healthcare sector. The pan-European STOXX 600 ended 0.1% higher, after rising as much as 0.9% intraday, having closed at a …

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UK stocks at 6-week low as Crest Nicholson leads rout among housebuilders

By Shreyashi Sanyal and Shubham Batra (Reuters) -UK stocks closed at a six-week low on Monday as a profit warning by homebuilder Crest Nicholson dented the outlook for the sector, dragging the housing index to its biggest monthly fall since September. The blue-chip FTSE 100 index edged 0.1% lower, while the midcap FTSE 250 declined …

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UK’s Crest Nicholson warns on profit amid housing worries

By Aby Jose Koilparambil (Reuters) -Crest Nicholson on Monday cut its annual profit view, sending shares to a near three-year low as it became the latest UK housebuilder to flag weakening conditions. Britain’s housing sector is facing a pronounced slowdown as high interest rates push up mortgage rates, adding to a squeeze on the finances …

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Downturn in German housing construction worsens in July – Ifo

BERLIN (Reuters) – The downturn in Germany’s residential construction sector intensified in July, according to a survey published on Monday, which showed a record number of companies complaining about dwindling orders in the sector. In July, the percentage of companies suffering from a lack of orders grew to 40.3%, up from 34.5% in June and …

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UK homebuilder shares tumble after Crest Nicholson cuts annual profit outlook

LONDON (Reuters) – UK homebuilder shares tumbled on Monday, set for their biggest one-day drop in over six weeks, led by a 14.9% fall in Crest Nicholson shares which plunged after the residential housebuilder cut its full-year profit view. By 0725 GMT, an index of London-listed homebuilders was down 3.2%. It underperformed the FTSE 350 …

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German producer prices post first fall since late 2020

BERLIN (Reuters) -German producer prices decreased more than expected on the year in July, their first fall in over two-and-a-half years, as easing energy price pressures added to hopes that inflation in Europe’s largest economy could abate further. July producer prices were down 6.0% compared with the same month last year, when producer prices soared …

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TotalEnergies and INPEX to buy 100% of Timor Sea gas field interest from PTTEP

PARIS (Reuters) – France’s TotalEnergies on Monday said it had teamed up with Japanese peer INPEX to acquire 100% of the interest in the AC-RL7 permit in the Timor Sea from PTTEP. The permit, which includes gas and condensate fields, is expected to contribute to the long-term supply of the Ichthys LNG natural gas liquefaction …

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