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Panasonic delays production of new Tesla battery to improve performance

Panasonic delays production of new Tesla battery to improve performance

SAN FRANCISCO/TOKYO (Reuters) – Panasonic said on Wednesday that it will delay the commercial production of its 4680 battery cel..

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RICH, Wanda · May 11, 2023 · 2 min read

Sterling hits five-month high against euro before BoE decision

Sterling hits five-month high against euro before BoE decision

LONDON, (Reuters) – The pound rose to a five-month high against the euro on Wednesday as traders bet a rate hike from the Bank o..

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RICH, Wanda · May 10, 2023 · 2 min read

UK firms cut hiring of permanent staff, recruiters’ survey shows

UK firms cut hiring of permanent staff, recruiters’ survey shows

LONDON (Reuters) – British firms reduced hiring of permanent staff via recruitment agencies at the fastest pace in more than two..

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RICH, Wanda · May 10, 2023 · 2 min read

TUI sees summer travel demand ‘significantly’ lifting 2023 profit

TUI sees summer travel demand ‘significantly’ lifting 2023 profit

LONDON (Reuters) -German travel firm TUI said it expects strong revenue and higher profit in 2023 on the back of a jump in summer book..

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RICH, Wanda · May 10, 2023 · 2 min read

French retailer Casino’s shares slump 6% after S&P downgrade

French retailer Casino’s shares slump 6% after S&P downgrade

PARIS (Reuters) -Shares in French retailer Casino fell more than 6% on Wednesday after Standard & Poor’s cut its long-term c..

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RICH, Wanda · May 10, 2023 · 2 min read

Grocery retailer Ahold Delhaize sees Europe’s food inflation slowing

Grocery retailer Ahold Delhaize sees Europe’s food inflation slowing

(Reuters) -Supermarket group Ahold Delhaize expects food inflation in Europe to slow in the second half of this year, CEO Frans Muller..

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RICH, Wanda · May 10, 2023 · 2 min read

ASOS reports first-half loss as shoppers cut back

ASOS reports first-half loss as shoppers cut back

LONDON (Reuters) -ASOS, Britain’s one-time poster child for the shift to online fashion retailing, swung to a first-half loss, h..

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RICH, Wanda · May 10, 2023 · 2 min read

Dufry sales more than double on travel rebound, Autogrill acquisitionv

Dufry sales more than double on travel rebound, Autogrill acquisitionv

(Reuters) – Swiss duty-free retailer Dufry on Wednesday reported a 113.4% jump in its first-quarter turnover, beating market est..

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RICH, Wanda · May 10, 2023 · 2 min read

E.ON to hit upper end of 2023 outlook after strong Q1

E.ON to hit upper end of 2023 outlook after strong Q1

FRANKFURT (Reuters) -E.ON, Europe’s largest energy networks operator, expects to hit the upper end of its profit outlook in 2023..

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RICH, Wanda · May 10, 2023 · 2 min read

Dollar eases before inflation data, with nagging worries over debt ceiling impasse

Dollar eases before inflation data, with nagging worries over debt ceiling impasse

SINGAPORE (Reuters) – The dollar weakened broadly on Wednesday after U.S. President Joe Biden and top lawmakers failed to break ..

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RICH, Wanda · May 10, 2023 · 3 min read