(Reuters) -German producer prices fell more than analysts had expected in July, decreasing by 1.5% on the year, the federal statistics office reported on Wednesday. Analysts polled by Reuters had expected a 1.3% decline. The office publishes more detailed data on its website. (Reporting by Marleen Kaesebier in Gdansk, Editing by Rachel More)
(Reuters) -Oil is once again flowing to Hungary and Slovakia via the Druzhba pipeline, officials from both countries said late on Tuesday, after a Ukrainian drone strike on an oil pumping station in Russia’s Tambov region halted supplies. Ukraine has stepped up attacks on Russia’s energy infrastructure, a key conduit for generating money for Kremlin’s …
Oil flows resume to Hungary, Slovakia via Druzhba pipeline, officials say Read More »
A look at the day ahead in European and global markets from Rae Wee Markets in Europe were set for a dour opening on Wednesday, after a slump on Wall Street pushed Asian shares into the red, with technology stocks leading the decline. While there was no immediate trigger, analysts pointed to a confluence of …
By Paolo Laudani (Reuters) -Cash-conscious consumers choosing to eat in rather than dine out have raised the prospect of an upturn in earnings for supermarkets and food delivery firms, according to data, analysts and company executives. U.S. President Donald Trump’s tariff policies have added to economic uncertainty, increased the likelihood of stubborn inflation and made …
Wary diners shun restaurants, raising prospect of boost for retailers Read More »
By Shivangi Lahiri (Reuters) -James Hardie issued a bleak warning for its North America business and forecast 2026 earnings below market view on Wednesday, as cash-strapped U.S. homeowners put off any high-ticket renovation projects. Sydney-listed shares of the fiber cement maker crashed 30% in early trade to A$31.07, marking their biggest intraday decline on record. …
James Hardie shares drop 30% as weak US housing muddies earnings view Read More »
LONDON (Reuters) -Pay settlements by British private-sector employers held at 3% in the three months to July and uncertainty about the economy and possible further tax increases means that cautious approach is likely to continue, wage data firm Brightmine said. The figures represented the eighth monthly Brightmine report in a row to show the median …
UK pay deals hold at 3% as employers eye next budget, Brightmine says Read More »
By Kanishka Singh WASHINGTON/London (Reuters) -Britain has dropped its demand for the iPhone maker Apple to provide a “backdoor” that would have enabled access to the protected encrypted data of American citizens, U.S. Director of National Intelligence Tulsi Gabbard said. Gabbard issued the statement on X on Monday in the U.S., saying she had worked …
US spy chief Gabbard says UK agreed to drop ‘backdoor’ mandate for Apple Read More »
ANKARA (Reuters) -Turkish Airlines said on Tuesday that its offer for the acquisition of a minority stake in Spanish airline Air Europa has been accepted. The Turkish flag carrier disclosed in June that it was holding non-binding talks over a potential Air Europa investment, and it announced earlier this month that it was in the …
Turkish Airlines says Spain’s Air Europa accepts its offer to buy a minority stake Read More »
PARIS (Reuters) -Alphabet unit Google said on Tuesday it will make it easier for app developers to steer customers to channels other than Google after the European Union competition watchdog charged it with breaching EU regulations. In March, Google was hit with two charges of breaching the EU’s landmark Digital Markets Act (DMA), which aims …
Google tweaks Google Play conditions following EU pressure Read More »
By Twesha Dikshit and Sukriti Gupta (Reuters) -European shares closed at their highest level in more than five months on Tuesday as investors assessed the chances of an end of the war in Ukraine, following Monday’s talks in Washington between U.S., Ukrainian and European leaders. The pan-European STOXX 600 index closed 0.7% up. Most major …
European stocks close at five-month highs as investors monitor progress on Ukraine Read More »
