By Marie Mannes SKI, Norway (Reuters) -Like many Norwegians, Espen Lysholm is not a fan of Elon Musk these days, uncomfortable with the world’s richest man’s lurch into right-wing politics. He does, however, love Musk’s cars. “I’ll be honest that it’s a bit of a double-edged sword having a Tesla,” said Lysholm, who bought a …
‘Tesla shame’ bypasses Norway as sales jump despite Musk’s politics Read More »
By Indradip Ghosh BENGALURU (Reuters) -The European Central Bank will hold interest rates at 2.00% in September according to a majority of economists polled by Reuters, with the euro zone’s economic outlook broadly unchanged after the EU agreed a trade deal with the United States. Expectations have shifted from the previous poll in July when …
ECB to hold rates until at least December on stable economic outlook- Reuters poll Read More »
By David Milliken and William Schomberg LONDON (Reuters) -Britain’s economy slowed less than expected between April and June after a strong start to the year, despite the shock of U.S. trade tariffs and a weaker jobs market, offering help to finance minister Rachel Reeves in meeting her budget goals. Official figures published on Thursday showed …
UK economy slows less than expected giving some help to Reeves Read More »
By Wen-Yee Lee and Faith Hung TAIPEI (Reuters) -Foxconn on Thursday forecast a significant rise in third-quarter revenue as the world’s biggest iPhone maker said it had for the first time made more money from its AI server business than from smart electronics last quarter. The company said artificial intelligence server revenue is expected to …
Foxconn sees robust AI demand as second-quarter profit tops forecast Read More »
By Vera Eckert FRANKFURT (Reuters) -Container shipping firm Hapag-Lloyd on Thursday reported a 3.1% decline in first-half net income and lowered the top end of its full-year earnings forecast, which has prompted it to focus on cost savings over the next 12-18 months. CEO Rolf Habben Jansen told analysts that start-up spending on its Gemini …
Hapag-Lloyd lowers 2025 earnings forecast, seeks savings Read More »
By Cian Muenster and Linda Pasquini (Reuters) -German premium beauty retailer Douglas reported a smaller than expected drop in its quarterly core profit on Thursday, boosted by higher sales and tight cost management that helped offset effects of promotions meant to bring in cost-conscious customers. The consensus-beating results sent the company’s shares nearly 9% higher. …
Douglas tops market forecasts as cost cuts help balance discounts on beauty products Read More »
By Jakob Van Calster (Reuters) -Belgium’s blue-chip index, BEL 20, hit a record high of 4,785.27 points on Thursday, surpassing the previous peak set in May 2007, supported by a strong rally in European stocks this year and solid performances from financial institutions like lender KBC and insurer Ageas. The milestone marks a long-awaited recovery …
Belgium’s top index breaks 18-year-old record, capping slow recovery from 2008 crisis Read More »
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUSSELDORF (Reuters) -German conglomerate Thyssenkrupp cut its full-year sales and investment forecasts on Thursday, blaming weak demand for its products as U.S. President Donald Trump’s import tariffs disrupt global trade in autos, machines and building materials. Weakness among automotive clients, who account for around a third of Thyssenkrupp’s customer …
Hit by Trump tariffs, Thyssenkrupp cuts sales and investment forecasts Read More »
By Gwladys Fouche ARENDAL, Norway (Reuters) -Norway’s central bank kept its policy interest rate on hold at 4.25% on Thursday, as unanimously predicted by analysts in a Reuters poll, and reiterated plans to cut borrowing costs later this year. Norges Bank, in a surprise decision, cut its key interest rate in June by 25 basis …
Norway central bank keeps rate on hold, eyes cut this year Read More »
By Fatos Bytyci TIRANA (Reuters) -Ryanair is seeing strong demand across Europe with bookings ahead of last year, and is “reasonably optimistic” about hitting its summer targets, Chief Executive Michael O’Leary said in an interview on Thursday. He also praised Boeing for agreeing to deliver some jets earlier than scheduled, ending a run of delays …
Ryanair says summer bookings remain strong, fares holding up Read More »
