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By Isla Binnie MADRID (Reuters) -Wind turbine maker Siemens Gamesa lowered its 2022 profitability expectations even further on Tuesday and said it would remain negative through 2023, citing expensive raw materials, component failures and geopolitical uncertainty. The group cut its full-year core earnings margin forecast to minus 5.5% from minus 4%, including gains from selling …

Wind turbine maker Siemens Gamesa makes deeper cuts to profit view Read More »

By Bansari Mayur Kamdar (Reuters) -European shares fell on Tuesday as weak global factory data fanned economic slowdown fears, while markets were on edge as U.S. House of Representatives Speaker Nancy Pelosi was expected to visit Taiwan. The pan-European STOXX 600 slid 0.6% in morning trade. Pelosi was set to visit Taiwan on Tuesday, three …

Risk-off mood hits European shares; Sino-U.S. tensions weigh Read More »

By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Maersk raised its 2022 profit guidance for a second time on Tuesday after beating quarterly revenue expectations as congested global supply chains that have boosted freight rates persist longer than expected. The shipping industry has seen record profits in recent quarters due to a surge in consumer demand and pandemic-related …

Maersk sees global supply chain woes for longer; lifts 2022 guidance Read More »

(Reuters) -The number of people registering as jobless in Spain rose 0.11% in July from June, by 3,230 people, leaving 2.88 million people out of work, as economic uncertainty began to be felt, the Labour Ministry said on Tuesday. It is the first time since 2008 that unemployment has risen in July, a month when …

Spain’s July jobless edges up 0.11% from June as uncertainty bites Read More »

By Gianluca Semeraro MILAN (Reuters) -Italy’s top insurer Assicurazioni Generali said on Tuesday it would increase prices to keep up with rising costs, and maintained its financial targets after a strong life business helped it beat first-half earnings expectations. Generali, which on Wednesday will kick off its first share buyback in 15 years, reported a …

Generali confirms targets as life business lifts profits Read More »

By Jonathan Stempel (Reuters) – Apple Inc was sued on Monday by French app developers that accused the iPhone maker of violating U.S. antitrust law by overcharging them to use its app store. The plaintiffs in the proposed class action include Société du Figaro, which develops the Figaro news app; L’Équipe 24/24, which develops the …

Apple is sued by French app developers over app store fees Read More »

LONDON (Reuters) – The first ship carrying Ukrainian grain through the Black Sea since Russia invaded Ukraine more than five months ago left Odesa on Monday under a safe passage agreement that has raised hopes hundreds of other vessels will follow. But there are many hurdles to overcome before millions of tonnes of Ukrainian grain …

Explainer-Obstacles to overcome before Ukraine grain deal eases global food crisis Read More »

By Diane Bartz and David Shepardson WASHINGTON (Reuters) -The U.S. Justice Department asked a federal judge on Monday to block a $2.2 billion merger of two of the “Big Five” book publishers, Penguin Random House and Simon & Schuster, in a trial that is expected to feature testimony from horror writer Stephen King. “It’s real …

Stephen King going to bat for U.S. gov’t in case against book publishing mega-merger Read More »