By Devik Jain (Reuters) -European shares rose on Friday and were on pace for their first monthly gain in four as a host of strong earnings from corporate Europe overshadowed fears of a global recession, with focus now on euro zone inflation and GDP data later in the day. The pan-European STOXX 600 was up …
European shares climb, set for best month since Nov 2020 on earnings cheer Read More »
MADRID (Reuters) – A union representing Spanish-based pilots of low-cost airline easyJet said on Friday its members will go on strike for nine days in August to demand better working conditions. The SEPLA union is demanding that the airline reestablish pilots’ working conditions from before the COVID-19 pandemic and provide its pilots with a new …
Spanish-based easyJet pilots to go on strike for nine days in August Read More »
PARIS (Reuters) -France’s preliminary gross domestic product (GDP) grew by 0.5% during the second quarter, beating forecasts and offering an element of respite for the euro zone’s second-biggest economy, which is facing headwinds from rising inflation. The preliminary second quarter GDP figures, released by France’s INSEE statistics body, beat forecasts in a Reuters poll which …
France’s preliminary Q2 GDP rose 0.5%, beating forecasts Read More »
BERLIN (Reuters) – The German economy stagnated in the second quarter, data showed on Friday, with the war, pandemic and supply disruptions bringing Europe’s largest economy to the edge of contraction. Gross domestic product was unchanged quarter on quarter in adjusted terms, the federal statistics office said. A Reuters poll of economists had forecast growth …
(Reuters) – Spain’s second-quarter economy expanded 1.1% over the previous three months to top growth estimates on robust overseas demand for the country’s goods and services, preliminary data showed on Friday. Analysts polled by Reuters had expected gross domestic product to grow 0.4% quarter on quarter. On an annual basis output expanded by 6.3%, compared …
Spain’s second-quarter GDP growth of 1.1% tops estimates Read More »
MILAN (Reuters) -Telecom Italia (TIM) has clinched an agreement with national trade unions to cut 2,100 jobs through an early retirement scheme as part of a wider cost-cutting plan to 2024, a document seen by Reuters showed. Chief Executive Pietro Labriola is seeking about 1 billion euros in savings between now and 2024 while looking …
Telecom Italia seals deal with unions on more jobs cuts in Italy Read More »
By Christian Lowe and Gilles Guillaume PARIS (Reuters) -Carmaker Renault upgraded its full-year outlook on Friday, saying its turnaround plan to improve profitability was delivering results ahead of schedule. Renault shares were up nearly 6% at 0745 GMT after the company said operating margins in the first half of this year were at 4.7%, against …
Renault upgrades outlook as turnaround plan starts to pay off Read More »
By David Shepardson and Patricia Zengerle WASHINGTON (Reuters) – The U.S. House of Representatives passed sweeping legislation on Thursday to subsidize the domestic semiconductor industry as it competes with Chinese and other foreign manufacturers, a victory for President Joe Biden and his fellow Democrats hoping to keep their slim majority in Congress in November midterm …
U.S. Congress passes long-awaited bill to boost chipmakers, compete with China Read More »
By Shadia Nasralla and Ron Bousso LONDON (Reuters) – Europe’s biggest oil companies Shell and TotalEnergies extended share buybacks on Thursday after their second-quarter profits beat an already record-breaking previous quarter on the back of soaring crude, gas and oil product prices. The two companies combined are buying back $8 billion in shares in the …
Shell, Total continue buyback bonanza after record profits Read More »
By Jeffrey Dastin and Tiyashi Datta (Reuters) -Amazon.com Inc on Thursday said it expects a jump in third-quarter revenue, as the retailer collects bigger fees from Prime loyalty subscriptions and as a fuel surcharge on merchants helps it manage high delivery costs. Shares of the world’s largest online retailer rose 13% in trading after the …
Amazon sees summer windfall on higher fees and Prime Day sales Read More »
