Xponential denies short-seller’s allegations, says franchisee economics ‘strong’
(Reuters) – Xponential Fitness on Wednesday denied allegations made by Fuzzy Panda Research that the fitness chain was hiding losses…
Business
EU proposes payments sector shake-up to boost fintechs
By Huw Jones LONDON (Reuters) -The European Union on Wednesday proposed making the payments sector more competitive, giving legal backing…
Asset management firm Oaktree names co-CEOs to replace Wintrob
(Reuters) – Asset manager Oaktree Capital Management L.P. on Wednesday named insiders Robert O’Leary and Armen Panossian as co-CEOs to…
Volkswagen shares recover after EV production cut reports
(Reuters) – Shares in Volkswagen inched higher on Wednesday, recovering slightly from a selloff the day before when the automaker…
China’s industrial profits tumble, deepening economic gloom
BEIJING (Reuters) -Annual profits at China’s industrial firms extended a double-digit decline in the first five months as softening demand…
Databricks rolls out AI assistant to help analyze business data
By Stephen Nellis (Reuters) – Databricks on Wednesday introduced an artificial intelligence assistant intended to help business users ask complicated…
Euro zone should tighten fiscal policy in 2024 to curb inflation -EFB
By Jan Strupczewski BRUSSELS (Reuters) – Euro zone governments should tighten fiscal policy next year more than currently planned to…
Lucid CEO says Aston Martin EV tech deal is just the beginning
By Nick Carey LONDON (Reuters) – Lucid will pursue more deals to sell its luxury electric vehicle (EV) equipment as…
Temasek sells 1.85% stake in Singapore Airlines, remains top investor
By Selena Li and Yantoultra Ngui HONG KONG/SINGAPORE (Reuters) – Singapore’s state investor Temasek is selling around S$400 million ($295.92…
Age of crisis leaves world’s big currencies out of sync
By Alun John and Dhara Ranasinghe LONDON (Reuters) – Big global currencies are rarely on different paths. Yet Japan’s yen…