Reuters UK Business

By Nell Mackenzie LONDON (Reuters) – Catastrophe bond funds rank among the 10 best performing credit funds this year, as the hurricanes, earthquakes and other disasters that could trigger payouts have either not happened or not been sufficiently severe. The catastrophe, or cat bonds, represent money borrowed by insurance companies from capital markets. If the …

Cat bond funds ranked among 2023’s top-performing credit funds Read More »

MILAN (Reuters) – Italy’s top insurer Generali on Wednesday posted a 28% rise in first-half operating profit thanks to the strong contribution of its non-life businesses, which reflected the group’s ongoing portfolio rebalancing strategy. In the January-to-June period, adjusted net result grew 60.9% to 2.33 billion euros ($2.56 billion), while operating result, most closely watched …

Generali beats consensus in first half driven by non-life segment Read More »

By Marie Mannes and Rachel More LONDON (Reuters) -Tourists and tour operators are expected to head to northern Europe in the future after a summer of crippling heatwaves hit southern Europe and left travelers wondering if cooler temperatures might suit them better. The Mediterranean region has remained Europe’s most popular summer tourist spot, but bookings …

European tourists head north to dodge heat, summer extended as weather changes Read More »

By Deborah Mary Sophia and Ananya Mariam Rajesh (Reuters) – U.S. luxury companies including Michael Kors-owner Capri and Estee Lauder will likely record a hit to sales from a slower-than-expected recovery in key market China that likely exacerbated cooling demand in the U.S. Global companies, including luxury goods makers, had bet on a surge in …

China’s uneven recovery may deepen demand worries for U.S. luxury goods makers Read More »

By Riham Alkousaa BERLIN (Reuters) – Germany’s highest inflation in decades has fuelled a rising sense of inequality and left a majority of Germans feeling abandoned by the government, leading to gains for the far-right AfD party, a survey showed on Wednesday. Some 80% said they considered the economic situation in Germany as unjust, up …

High inflation fuels sense of rising inequality, mistrust of govt in Germany-survey Read More »