LONDON (Reuters) – A downturn in euro zone business activity deepened much more than expected in July as demand in the bloc’s dominant services industry declined while factory output fell at the fastest pace since COVID-19 first took hold, a survey showed. HCOB’s flash Composite Purchasing Managers’ Index (PMI) for the bloc, compiled by S&P …
Euro zone business downturn deepens far more than thought in July -PMI Read More »
By Padraic Halpin DUBLIN (Reuters) -Ryanair on Monday struck a cautious tone about travel demand for the rest of the year and cut its passenger growth forecast due to Boeing delivery delays after its quarterly profit flew past pre-pandemic levels. Ryanair, which flew a record number of monthly passengers both in May and June, said …
Ryanair cautious about winter travel after quarterly profit soars Read More »
MADRID (Reuters) – Spanish producer prices fell 8.1% in the 12 months through June, compared with a revised 6.8% decline in the period through May, the National Statistics Institute (INE) said on Monday. The decline was driven by cheaper energy, with prices down 26% during the period, INE said. Prices of intermediate goods also fell. …
Spain’s producer prices fall 8.1% year-on-year in June Read More »
By Diana Mandia (Reuters) -Dutch health technology company Philips on Monday modestly increased its full-year targets after beating quarterly earnings expectations but expressed concern over China’s drive to become self-sufficient in health-related technologies. The Amsterdam-based group, a former industrial conglomerate that now focuses on medical technology, reported adjusted earnings before interest, taxes and amortisation (EBITA) …
Philips lifts outlook after profit beat, voices concern over China Read More »
BRUSSELS (Reuters) – Belgian Ryanair pilots have called for a new strike on July 29 and July 30 as management failed to address their demands of higher wages and better working conditions, union representatives told the Rtbf broadcaster. The pilots already went on strike on July 15 and 16 but “there was no round of …
Belgian Ryanair pilots to strike again July 29-30 Read More »
(Reuters) – The chief executive of British advertising group M&C Saatchi Plc, Moray MacLennan, will retire from the company in the coming months, Sky News reported on Sunday. The company will announce that it is kicking off search for a new CEO on Monday, the report said. Saatchi did not immediately respond to a request …
By Emily Rose JERUSALEM (Reuters) – Nearly 70% of Israeli startups have taken action to relocate parts of their business outside Israel, a survey released on Sunday by an Israeli non-profit organisation on the government’s planned judicial overhaul found. The survey by Start-Up Nation Central sought to measure the economic impact plans by the hard-right …
Israeli startups act to relocate over judicial shakeup, survey finds Read More »
MILAN (Reuters) – The European Central Bank (ECB) will ask banks to provide weekly liquidity data from September so that it can carry out more frequent checks on their ability to ward off potential shocks as interest rates rise, the ECB supervisory chief said on Saturday. In an interview published by Milano Finanza, Andrea Enria …
ECB to ask banks to provide weekly liquidity data to monitor their health – Enria Read More »
LONDON (Reuters) -Microsoft’s Activision Blizzard deal is back in the hands of Britain’s antitrust regulator after an appeals court granted an adjournment, and the grounds for why the UK should reconsider its block on the U.S. software giant’s takeover were published. The Competition and Markets Authority (CMA) set out on Friday Microsoft’s arguments for the …
Microsoft-Activision deal back in hands of UK regulator after court pauses appeal Read More »
By Alistair Smout and William James LONDON (Reuters) – A decision by Britain’s governing party to get a lawmaker elected by attacking London’s flagship anti-pollution policy has raised questions over whether the country’s green agenda risks being derailed at the next national election. The Conservative Party has embraced reaching net zero by 2050, while the …
Britain’s green agenda questioned after clean air zone cast as vote-loser Read More »
