BERLIN (Reuters) -The economic outlook for Germany is gloomy due to energy price rises and supply chain disruptions, the finance ministry said on Friday, a message underscored by a record jump in producer prices. The German economy, Europe’s largest, stagnated in the second quarter, with the war in Ukraine, soaring energy prices, the pandemic and …
Record jump in German producer prices adds to gloomy outlook Read More »
SAO PAULO (Reuters) -Spain’s Aena on Thursday won the rights to operate the largest block of airports auctioned by Brazil’s government for 2.45 billion reais ($471.61 million), adding to its portfolio in Latin America’s largest economy. Aena was the only bidder for a block of 11 airports that includes the crown jewel of the auction, …
Spain’s Aena wins largest block in Brazil airport auction Read More »
(Reuters) – Danish biotech firm Bavarian Nordic said on Thursday it has signed up a U.S.-based manufacturer to package its Jynneos monkeypox vaccine and the production is expected to begin later this year. The company aims to finish the technology transfer in three months to Michigan-based Grand River Aseptic. More than 13,500 cases of the …
Bavarian Nordic signs up U.S. firm for packaging monkeypox vaccine Read More »
BERLIN (Reuters) – Seven out of 10 Germans are using less energy due to decades-high inflation in Europe’s largest economy while half are spending less on leisure activities, according to a new survey. The share of those using less energy is up from 63% in April this year, according to Infratest dimap’s survey of 1,273 …
Seven out of 10 Germans using less energy due to soaring prices -survey Read More »
BRUSSELS (Reuters) – Euro zone inflation reached a new record high of 8.9% year-on-year in July, the EU’s statistics office confirmed on Thursday, with the core measure, excluding the most volatile components and key for monetary policy, also sharply up. The European Union’s statistics office Eurostat said consumer prices in the 19 countries using the …
Euro zone July inflation confirmed at 8.9% y/y, core measure sharply up Read More »
ZURICH (Reuters) – The Geneva International Motor Show scheduled to take place in February has been cancelled for the fourth year running, the organisers said on Thursday. They said they would focus instead on a complementary motor show, the Geneva International Motor Show Qatar, due to be held in Doha later in 2023. “Due to …
Next year’s Geneva auto show cancelled -organisers Read More »
By Sarah Marsh and Andreas Rinke BERLIN (Reuters) – Germany’s Chancellor Olaf Scholz will sign a deal to establish hydrogen supply chains with Canada during his two-day visit to the country next week, officials said, as Berlin accelerates its green transition to reduce dependence on Russian gas supplies. With fears that Russia could completely shut …
Germany’s Scholz to sign hydrogen deal on Canada trip, discuss LNG Read More »
By Sruthi Shankar and Devik Jain (Reuters) – The UK’s FTSE 100 index rose on Thursday boosted by commodity shares, although gains were limited by a number of stocks trading ex-dividend and fears that rapid policy tightening by the Bank of England to tame inflation will trigger a recession. The FTSE 100 ended 0.4% higher, …
Commodity stocks lead FTSE 100 higher; ex-dividend trade caps gains Read More »
By Muhammed Husain (Reuters) -British online electrical retailer AO World on Thursday forecast profit for fiscal 2023 above market expectations as it focuses on its home turf after closing its German business, sending its shares surging. The group, which reported a sharp drop in profit for the year ended March 31, said it expects adjusted …
UK’s AO World upbeat on earnings outlook after tough year Read More »
(Reuters) – The Manchester United Supporters Trust (MUST) said on Thursday any new owner of the Premier League club must be willing to invest heavily to restore its former glory amid speculation of a sale by the Glazer family. British billionaire Jim Ratcliffe has expressed an interest in buying United after Tesla founder Elon Musk …
Soccer-Man Utd supporters call for ‘real investment’ from any new owner Read More »
