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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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…
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…
Italy’s Meloni defends bank windfall tax raid
By Angelo Amante and Valentina Za ROME (Reuters) -Prime Minister Giorgia Meloni on Wednesday defended the decision to impose a…
Taiwan pitches deeper Europe engagement after TSMC Germany investment
By Ben Blanchard and Friederike Heine TAIPEI/BERLIN (Reuters) -Taiwan said on Wednesday chipmaker TSMC’s 3.5 billion euro ($3.83 billion) investment…
Target sued by investor over backlash to LGBTQ merchandise
By Jody Godoy (Reuters) – A conservative legal organization sued Target on Tuesday on behalf of an investor, saying the…
Lyft falls as pricing strategy casts shadow over profit goals
By Akash Sriram (Reuters) -Lyft’s shares fell more than 7% on Wednesday as investors feared the ride-hailing platform’s focus on…