German economy to shrink in 2023, government advisers expect
BERLIN (AP) — The German government’s panel of independent economic advisers forecast Wednesday that Europe’s biggest economy will shrink by…
November 2022
EU proposes more forgiving debt plans a decade after crisis
BRUSSELS (AP) — The European Union is considering more lenient economic recovery proposals that veer away from the grinding, top-down…
Roblox Corp Reports Bigger Loss Than Expected
(Reuters) – Roblox Corp on Wednesday reported a bigger loss than expected, sending shares down 14% in premarket trading. The…
Pipeline Operator TC Energy Posts Higher Profits, Looks To Sell Assets
By Rod Nickel and Arunima Kumar (Reuters) -North American oil and gas pipeline company TC Energy Corp reported an 8%…
Oil Producer Ithaca Shares Sink In UK’s Largest IPO Of 2022
By Emma-Victoria Farr, Shadia Nasralla and Lucy Raitano LONDON (Reuters) -Ithaca Energy made a lacklustre debut in London on Wednesday…
IMF, Bangladesh reach preliminary deal for $4.5B in loans
DHAKA,Bangladesh (AP) — The International Monetary Fund reached a preliminary agreement on Wednesday with Bangladesh to provide $4.5 billion to…
Adidas’ breakup with Ye drives lower earnings outlook
FRANKFURT, Germany (AP) — Adidas on Wednesday lowered its earnings forecast for the year to account for losses from ending…
Michael Kors-owner Capri Cuts Full-year Sales Forecast
(Reuters) – Michael Kors-owner Capri Holdings Ltd lowered its annual profit forecast on Wednesday, blaming a hit from a stronger…
Inflation strikes disrupt trains, flights in Greece, Belgium
ATHENS, Greece (AP) — Workers walked off the job in Greece and Belgium on Wednesday during nationwide strikes against increasing…
Facebook parent Meta cuts 11,000 jobs, 13% of workforce
Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and…