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…
2022
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…
Euro Zone Consumers See Higher Inflation Ahead, ECB Says
FRANKFURT (Reuters) – Inflation expectations among euro zone consumers continued to rise in September, even as economic growth and income…
Germany blocks Chinese-owned firm’s chip factory deal
BERLIN (AP) — The German government on Wednesday blocked the sale of a chip factory to a Swedish subsidiary of…
Show Us The Money: Developing World At COP27 Seeks Climate Finance Details
By Simon Jessop and Kate Abnett SHARM EL-SHEIKH, Egypt (Reuters) – Finance took centre stage at the COP27 climate talks…
Nissan’s quarterly profit falls amid computer chip crunch
TOKYO (AP) — Nissan’s profit fell 68% in the last quarter as a shortage of computer chips hindered the Japanese…