By Dominique Vidalon PARIS (Reuters) – French spirits group Pernod Ricard reported a bigger-than-expected decline in third-quarter sales but said it was confident of delivering a strong performance over the 2022/2023 full year, predicting “very strong” sales in the fourth quarter. Pernod, the world’s second-biggest spirits group after Diageo, said that it expected consumer demand…
By Padraic Halpin DUBLIN (Reuters) -Global leasing giant Avolon said on Thursday it had committed to ordering 40 Boeing 737 MAX aircraft in a deal worth over $4 billion at current list prices, a boost for the U.S. planemaker as it grapples with fresh delivery issues. Avolon, the world’s third largest aircraft leasing firm, said…
By Laurie Chen and Sophie Yu BEIJING (Reuters) – Queues stretch hundreds of metres around temples in China on weekends, as despondent young worshippers pray to find jobs in an economy slowly clawing its way back from the coronavirus pandemic. “I hope to find some peace in temples,” said 22-year-old Wang Xiaoning, pointing to “the…
By Tom Sims and Marta Orosz FRANKFURT (Reuters) – Deutsche Bank is to cut 800 jobs in a new cost-saving drive after reporting a bigger than expected rise in profit for the first quarter, a volatile period globally for finance companies. Germany’s biggest bank produced solid earnings at a time when banks had to be…
By Sarah N. Lynch, Idrees Ali and Phil Stewart (Reuters) -A U.S. Air National Guardsman accused of leaking classified military documents has a history of making violent threats, used his government computer to research mass shootings, and tried to destroy evidence of his crimes, federal prosecutors said on Wednesday. In a 48-page filing, the Justice…
By Lawrence White LONDON (Reuters) – Allegations made against British bank Barclays’ former CEO Jes Staley regarding his ties with sex offender Jeffrey Epstein are “very serious”, the lender’s current CEO C.S. Venkatakrishnan said on Thursday. In a call with reporters after the lender’s first quarter results were published, Venkat said he was not in…
By Lawrence White LONDON (Reuters) – Allegations made against British bank Barclays’ former CEO Jes Staley regarding his ties with sex offender Jeffrey Epstein are “very serious”, the lender’s current CEO C.S. Venkatakrishnan said on Thursday. In a call with reporters after the lender’s first quarter results were published, Venkat said he was not in…
DUBAI (Reuters) – The United Arab Emirates (UAE) and Cambodia have agreed on the terms of a bilateral trade deal, as the Gulf state looks to strengthen trade and commerce ties, particularly in Asia, in strategic economic sectors. The two countries concluded negotiations for a Comprehensive Economic Partnership Agreement (CEPA), as the trade agreement is…
By Marie Mannes STOCKHOLM (Reuters) -Sweden-based automaker Volvo Cars reaffirmed its outlook on Thursday and said it saw no point in cutting prices given healthy demand as its operating earnings beat estimates. Its shares shot up 8% at the market open before retreating to trade flat at 0736 GMT, which Bernstein analyst Daniel Roeska said…
By Richa Naidu LONDON (Reuters) – Unilever’s store ice cream brands, which include Ben & Jerry’s and Magnum, are losing market share to supermarket own-brands as consumers seek cheaper alternatives after big price hikes for some of the world’s top-selling labels. The British company, which sells Cornettos cones and Talenti tubs, on Thursday reported a…
