BEIRUT (Reuters) -The first ship to depart Ukraine under a deal to resume grain exports from the country two weeks ago docked in the Syrian port city of Tartous on Tuesday, according to a shipping source and satellite data. The Sierra Leone-flagged Razoni set sail from Ukraine’s Odesa port on Aug. 1 under a hard-won …
Ship carrying first Ukraine grain cargo docks in Syria’s Tartous – shipping source Read More »
By Richa Naidu and Ross Kerber LONDON/BOSTON (Reuters) – Ben & Jerry’s legal battle with Unilever sheds light on an issue affecting a growing number of purpose-led brands: how to maintain their identity after being bought by a major consumer company. Multinational consumer groups have raced to snap up socially conscious brands in recent years, …
Analysis-Ben & Jerry’s Unilever fight shows risks of ceding control Read More »
BERLIN (Reuters) – German investor sentiment fell slightly in August on concerns that the rising cost of living will hit private consumption in Europe’s largest economy, which is on the brink of recession. The ZEW economic research institute said on Tuesday its economic sentiment index fell to -55.3 points from -53.8 in July. A Reuters …
German investor morale dips on inflation angst, energy woes Read More »
By Silke Koltrowitz ZURICH (Reuters) – Luxury watch retailer Watches of Switzerland expects a potentially more challenging trading environment in the second half of its current financial year, it said on Tuesday, as tough economic conditions impact spending patterns. “We’re not really worried because so much of our business is driven by the supply,” Chief …
Watches of Switzerland more cautious after strong first quarter Read More »
BRUSSELS (Reuters) – Euro zone countries swung into a trade deficit in June from a surplus 12 months earlier because of soaring prices of imported gas and oil, Eurostat data showed on Tuesday. Eurostat said the trade gap of the 19 countries sharing the euro with the rest of the world, unadjusted for seasonal swings, …
Costly energy imports push euro zone into trade deficit in June Read More »
By Sruthi Shankar (Reuters) -European shares extended gains for a fifth straight session on Tuesday, buoyed by defensive sectors and miners, although concerns over a potential recession limited further upside. The continent-wide STOXX 600 index rose 0.4%, hitting a fresh 10-week high after recouping much of its June losses this week. Miners jumped 1.6% to …
European stocks rally for fifth day as defensives, miners climb Read More »
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Jewellery maker Pandora on Tuesday reported disappointing second-quarter sales in the U.S. market, prompting its shares to fall, but reaffirmed its annual forecast, saying higher costs of living had not impacted jewellery buying. Shares in Pandora, the world’s largest mass-market jewellery brand with more than 6,400 stores worldwide, fell …
By Samuel Indyk LONDON (Reuters) – The British pound was little changed on Tuesday, having briefly fallen to its lowest level in over a week, after mixed data showed a jobs market that is still hot, although some early signs it may be starting to cool. Britain’s unemployment rate held close to a half-century low, …
Sterling little changed after mixed labour market data Read More »
By William Schomberg and David Milliken LONDON (Reuters) -Britain’s super-hot labour market showed signs of cooling in official data published on Tuesday, as businesses became more cautious about hiring and workers suffered a record fall in their basic wages when adjusted for soaring inflation. The unemployment rate of 3.8% in the three months to June …
UK’s hot labour market cools and inflation eats pay Read More »
By Bart H. Meijer AMSTERDAM (Reuters) – Dutch health technology company Philips on Tuesday unexpectedly announced the imminent departure of CEO Frans van Houten, in the midst of a massive product recall that has halved its market value over the past year. Philips said Van Houten would be replaced on Oct. 15 by Roy Jakobs, …
Philips parts ways with CEO in midst of massive recall Read More »
