MOSCOW (Reuters) – The Russian government has extended a ban on petrol exports until the end of 2024, the government said on Wednesday via its channel on the Telegram messaging app. The decision was taken to maintain stability in the market during a period of increased seasonal demand and scheduled refinery repairs, the government said. …
Russia extends ban on gasoline exports until end-2024, Ifax reports Read More »
By Pranav Kashyap (Reuters) -European shares rose on Wednesday, as investors awaited key data from the U.S. and the euro zone, while a raft of upbeat corporate updates lifted risk appetite. The pan-European STOXX 600 was up 0.3% to trade near a two-week high, as of 0822 GMT. All regional bourses were trading in positive …
European shares rise ahead of key US, euro zone data Read More »
By Dave Graham ZURICH (Reuters) -UBS on Wednesday reported a net profit of $1.14 billion for the April-June period, comfortably surpassing analysts’ forecasts as Switzerland’s largest bank enters a new stage in the integration of its one-time rival Credit Suisse. The net profit attributable to shareholders compared with the $528 million forecast by analysts in …
UBS posts $1.1 billion net profit in Q2, easily beating forecast Read More »
By Joanna Plucinska, Ilona Wissenbach and Andrey Sychev (Reuters) -Europe’s largest tour operator TUI exceeded profit expectations for the third quarter on Wednesday, buoyed by strong summer travel demand, a resurgence in packaged holidays and a boost from the bankruptcy of German rival FTI. Travel firms and airlines had hoped this summer season would outshine …
Tour operator TUI beats profit expectations on summer travel bookings Read More »
By Matthias Inverardi and Alexander Hübner DUSSELDORF (Reuters) -Rheinmetall will take over U.S. military vehicle supplier Loc Performance in a $950 million deal, the German defence group said, with an eye to improving its chances of scoring orders worth billions. “The acquisition expands the Group’s business with the U.S. military, increases its industrial base in …
Rheinmetall buys Loc Performance as it looks to expand in US market Read More »
By Mike Scarcella (Reuters) – A federal judge in Texas assigned to hear a lawsuit by Elon Musk’s social media platform X against a group of advertisers has removed himself from the case following reports that he owned shares of another Musk company, Tesla. U.S. District Judge Reed O’Connor in Fort Worth, Texas did not …
Texas judge in lawsuit by Musk’s X against advertisers exits case Read More »
AMSTERDAM (Reuters) – Dutch-based copyright enforcement group BREIN has taken down a large language dataset that was being offered for use in training AI models, the organization said on Tuesday. The dataset included information collected without permission from tens of thousands of books, news sites, and Dutch language subtitles harvested from “countless” films and TV …
Copyright group takes down Dutch language AI dataset Read More »
By Padraic Halpin DUBLIN (Reuters) -Flutter raised its full-year guidance after a much better than expected second quarter and said it has no plans “at this stage” to follow rival Draftkings in adding a surcharge to customer’s winnings in high-tax U.S. states. Flutter’s U.S. listed shares were 11% higher in extended trading. Flutter, the world’s …
Fanduel owner Flutter lifts guidance, shares up after the bell Read More »
By Svea Herbst-Bayliss, Granth Vanaik and Waylon Cunningham (Reuters) -Starbucks on Tuesday named Chipotle Mexican Grill head Brian Niccol as its new CEO, poaching a successful fast-food executive known for reviving the burrito chain to lead a turnaround, in a shock move that sent the coffee chain’s shares up 24%. Niccol replaces Laxman Narasimhan, whose …
Starbucks taps Chipotle’s Niccol as CEO in surprise move, shares soar Read More »
By David Milliken LONDON (Reuters) -British pay grew at its slowest pace in nearly two years, likely reassuring the Bank of England that inflation pressures are easing, and there was a surprise drop in unemployment, official figures showed on Tuesday. Average weekly earnings, excluding bonuses, were 5.4% higher than a year earlier in the three …
UK pay growth drops to lowest in nearly 2 years, joblessness falls Read More »
