GENEVA (Reuters) – South Africa has negotiated a settlement with the European Union to clear hundreds of shipping containers of citrus fruit stuck in EU ports, the South African government said on Thursday. Shipments were disrupted after the trade bloc implemented new phytosanitary rules that led to a WTO dispute being declared in July, the …
S.Africa negotiates deal with EU to clear citrus blockage at ports Read More »
By Amna Karimi (Reuters) -Coca-Cola HBC AG said on Thursday it took a one-time hit of 190 million euros ($195.4 million) in the first half from costs related to its Russian business after it stopped selling Coke and other Coca-Cola Co products in the country. The soft drinks bottler also reinstated its forecast for the …
Coca-Cola HBC flags one-time $195 million hit from Russian operations Read More »
By Shreyashi Sanyal (Reuters) -European shares edged higher on Thursday after a strong rally in the previous session on signs of U.S. inflation cooling, while Aegon climbed after the Dutch insurer raised its full-year forecast. The pan-European STOXX 600 index rose 0.1%, after clocking its best session in nearly two weeks on Wednesday on bets …
European shares tick higher; Aegon leads gains among insurers Read More »
By Victoria Waldersee BERLIN (Reuters) -Daimler Truck will keep prices high even if certain costs begin to fall in order to compensate for lower margins since last year, the truckmaker said on Thursday, forecasting demand will remain strong into 2023 despite fears of recession. Energy prices, bottlenecks in China and chip shortages will continue to …
Daimler Truck to keep prices high, sees strong 2023 Read More »
By Ron Bousso LONDON (Reuters) – Shell has launched a sale process for its 30% stake in the Cambo oil prospect in the British North Sea, potentially paving the way for the field’s controversial development, industry sources said on Thursday. The London-based company hired investment bank Jefferies to run the sale process for the stake …
Shell launches sale of North Sea Cambo oil prospect -sources Read More »
By Carolyn Cohn LONDON (Reuters) -M&G recorded net inflows into its asset management business in the first half, the British insurer and asset manager said on Thursday, helping its operating profit to come in above forecast and sending its shares higher. M&G, which split off from Prudential in 2019, has suffered from net outflows and …
Inflows take sting out of M&G performance, shares rise Read More »
By John Revill ZURICH (Reuters) -Siemens said on Thursday it continued to see strong industrial demand during its third quarter, as costs related to its Siemens Energy investment and decision to quit Russia pushed the engineering group into the red for the first time in nearly 12 years. The maker of industrial software and trains …
Siemens’ posts first quarterly loss in 12 years after writedowns hit Q3 Read More »
By Tiyashi Datta (Reuters) – Gaming companies are facing a slowdown in demand for video games from pandemic highs, raising doubts about their ability to weataher an economic downturn. Rising prices and a lack of hit titles have added to problems for video game publishers Activision Blizzard Inc and Electronic Arts that are also battling …
Gaming industry’s fortunes fade as spending squeeze follows pandemic bump Read More »
LONDON (Reuters) -A British government decision on whether to allow the construction of a new coal mine in Cumbria, northwest England, has been delayed for the second time in just over a month, according to a government letter seen by Reuters. A decision on the mine was originally expected in July, but was delayed to …
LONDON (Reuters) – Britain’s Deliveroo said it would quit the Netherlands after failing to gain a strong local position, as it reported a larger pretax loss in “challenging market conditions” in the first half. The food delivery company, which slashed its full-year revenue outlook last month after a sharp slowdown in its second quarter, reported …
Deliveroo to exit Netherlands, loss widens in first-half Read More »
