(Reuters) – De Beers plans to shut down its lab-grown diamond jewellery brand, Lightbox, and focus on natural diamonds, it said on Thursday, as the company battles weak diamond prices due to low demand and tariff uncertainties. “As part of the closure process, De Beers is discussing the sale of certain assets, including inventory, with …
De Beers to shut down its lab-grown diamond jewellery brand Lightbox Read More »
By Bernadette Hogg (Reuters) -Europe’s largest copper producer Aurubis is looking to increase its sales to the U.S. while there are no import tariffs on the metal, CEO Toralf Haag told analysts on Thursday. Copper was not included in a list of reciprocal tariffs announced by the U.S. in April but U.S. President Donald Trump …
Copper producer Aurubis looks to boost US sales in absence of tariffs Read More »
(Reuters) -The Greek travel services sector saw a surplus of 18.79 billion euros ($21.24 billion) in 2024, a 3.4% increase from the previous year, according to final data from the Bank of Greece released on Thursday. In 2024, travel receipts rose by 4.8% on the year, to 21.59 billion euros, driven by a 12.8% increase …
By Savyata Mishra (Reuters) -Tapestry on Thursday raised its 2025 revenue and profit forecasts for a third time this year, benefiting from higher full-price sale of its popular Coach handbags and limited exposure to the sweeping U.S. tariffs. Steady demand for the company’s Tabby, Brooklyn and Empire leather handbags among younger shoppers in North America, …
Tapestry lifts forecasts on booming demand for Coach handbags Read More »
By Kate Abnett BRUSSELS (Reuters) -The European Parliament voted on Thursday in favour of loosening the EU’s rules on filling gas storage, agreeing with concerns from member states that the targets risk inflating energy prices. The EU’s gas storage rules were introduced in 2022 to ensure EU countries had a buffer of stored fuel during …
(Reuters) -India’s top airline IndiGo said on Thursday it has agreed on a damp lease for two Boeing 787-9 Dreamliner widebody jets from Norse Atlantic Airways, with operations starting early next year, as part of its efforts to tap into long-haul routes. Under the damp lease agreement, Norse Atlantic will provide the aircraft, along with …
India’s IndiGo to lease two Boeing 787 jets from Norse Atlantic Airways Read More »
By Kate Abnett BRUSSELS (Reuters) -European Union countries want to include energy policies in the bloc’s efforts to slash red tape for struggling industries, according to draft conclusions for a summit of EU energy ministers next month seen by Reuters. The European Commission has launched a drive to remove layers of bureaucracy that European businesses …
EU countries want red tape cut in energy laws, draft shows Read More »
(Reuters) -Carmaker Stellantis has agreed with trade unions to implement up to 200 voluntary redundancies at its Termoli plant in central Italy, the company said on Thursday. The announcement follows similar ones on Wednesday and last month for other Italian plants, allowing the Fiat-maker to reduce its workforce in the country by up to some …
Stellantis to cut up to 200 jobs through voluntary exits at Italy’s Termoli plant Read More »
By Foo Yun Chee BRUSSELS (Reuters) -EU antitrust regulators are seeking feedback from companies and Europeans on their proposed overhaul of merger rules which telecom providers hope will place more emphasis on benefits from innovation and investment. The European Commission launched a public consultation on Thursday, giving interested parties until September 3 to respond. The …
EU seeks feedback on merger rules revamp amid pressure from businesses Read More »
By Paolo Laudani (Reuters) -Zurich Insurance reported higher first-quarter revenue and gross written premiums at its core property and casualty (P&C) business on Thursday, maintaining its targets despite instability in the crucial U.S. market. Europe’s third-largest insurer by market capitalisation said in a statement that rate increases of 4%, strong profitability in commercial and improved …
Zurich Insurance property and casualty revenue rises, affirms targets Read More »
