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…
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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…
Honda posts 78% rise in Q1 profit on U.S. sales jump
TOKYO (Reuters) -Japan’s Honda Motor reported a 78% rise in quarterly profit on Wednesday, boosted by increased sales, especially in…
Rising prices for travel yet to curb wanderlust
By Joanna Plucinska, Rajesh Kumar Singh, Doyinsola Oladipo and Priyamvada C LONDON/CHICAGO/NEW YORK (Reuters) -The post-pandemic travel boom and the…
Mexico’s inflation rate slows for sixth straight month
MEXICO CITY (Reuters) -Mexico saw its annual inflation rate slow for the sixth consecutive month in July to 4.79%, data…
Bond strategists cling to forecasts for declining U.S. yields: Reuters poll
By Sarupya Ganguly and Indradip Ghosh BENGALURU (Reuters) – U.S. Treasury yields will fall in coming months despite clear signs…