Wheels Up flags inability to continue operations, shares tank
By Allison Lampert and Shivansh Tiwary (Reuters) -Wheels Up Experience said on Wednesday there was “substantial doubt” about its ability…
August 2023
High inflation fuels sense of rising inequality, mistrust of govt in Germany-survey
By Riham Alkousaa BERLIN (Reuters) – Germany’s highest inflation in decades has fuelled a rising sense of inequality and left…
Tattoo products maker Body Art Alliance explores sale -sources
By Abigail Summerville NEW YORK (Reuters) – Body Art Alliance is exploring options including a sale that could value the…
China Renaissance says detained chairman cooperating with authorities in probe
(Reuters) – China Renaissance Holdings said on Wednesday that investigations against its chairman Bao Fan by certain authorities were being…
Swiss Re says natural catastrophe insured losses hit $50 billion in H1
By Simon Jessop, Alessandro Parodi and Laura Lenkiewicz LONDON (Reuters) -Insured losses stemming from natural catastrophes rose to $50 billion…
U.S. mortgage rates spike to highest since November, approach 22-year high
By Safiyah Riddle (Reuters) – The average U.S. 30-year mortgage rate jumped to a nine-month peak on Wednesday and hit…
Continental fights for price rises, to keep costs in check
By Victoria Waldersee BERLIN (Reuters) -Continental said it was fighting for price increases in negotiations with customers and seeking ways…
Eleven dead in fire at French holiday home for disabled
By Tilman Blasshofer WINTZENHEIM, France (Reuters) – Eleven people died in a fire that tore through a holiday home for…
GM still struggling to build EVs, sees margin growth ahead for Cruise-CFO
(Reuters) – General Motors is still struggling to ramp up production of electric vehicles, a top executive said on Wednesday….
Roblox misses quarterly bookings estimates on lower spending, shares tumble
By Samrhitha A (Reuters) -Online gaming platform Roblox missed estimates for second-quarter bookings on Wednesday as waning demand for its…