3M raises full-year profit forecast as cost-cut measures pay off
By Kannaki Deka (Reuters) -U.S. industrial conglomerate 3M Co on Tuesday raised its full-year profit forecast and reported better-than-expected quarterly…
2023
Sharp Chinese rebound powers LVMH sales growth in second quarter
By Mimosa Spencer PARIS (Reuters) -Sales at the world’s top luxury group LVMH rose by 17% in the second quarter,…
For migrants, the Darien Gap is hell; for adventure tourists, it’s a magnet
By Laura Gottesdiener and Daina Beth Solomon MEXICO CITY (Reuters) – Deep in the Panamanian jungle, Venezuelan migrant Franca Ramirez…
Lower production in Europe hits global steel output
LONDON (Reuters) – Global crude steel production fell 1.1% year on year to 943.9 million metric tons in the first…
Protests rock Israel as it passes curbs on some Supreme Court powers
By Ari Rabinovitch JERUSALEM (Reuters) -Israel’s parliament on Monday ratified the first bill of a judicial overhaul sought by Prime…
Congressional Democrats call on Biden for workplace heat safety steps
By Josephine Walker WASHINGTON (Reuters) – A group of 112 Democratic members of Congress on Monday called on U.S. President…
Amazon lowers iRobot deal price by 15% after Roomba maker incurs fresh debt
(Reuters) -Amazon.com has slashed the price it will pay for iRobot by about 15% to around $1.42 billion after the…
RV industry steers through post-pandemic US slump
By Timothy Aeppel (Reuters) – The U.S. economy may ultimately skirt a recession, but it’s felt like one for months…
US oil M&A jumps as private equity unloads shale assets
By Gary McWilliams HOUSTON (Reuters) – U.S. oil and gas deals rebounded in the second quarter as private equity firms…
Bank of England forecasts 150 billion pound loss from QE gilt programme
By David Milliken LONDON (Reuters) – The Bank of England forecast on Tuesday that it would make a net loss…