WASHINGTON (Reuters) – The United States has information that indicates North Korea is covertly supplying Russia with a “significant” number of artillery shells for its war in Ukraine, White House National Security spokesperson John Kirby said on Wedne…
Ferrari lifts profit forecast after strong Q3, keeps cautious stance on margins
MILAN (Reuters) -Luxury sports car maker Ferrari said on Wednesday it was improving its forecasts for full-year results, including for core earnings, after beating expectations in the third quarter, supported by a double-digit increase in shipments. Th…
Aston Martin says supply snags delaying turnaround
By Pushkala Aripaka (Reuters) – Aston Martin blamed global supply chain problems for pushing back an expected improvement in its finances, as the luxury carmaker cut its 2022 deliveries and margin forecasts. Shares in the British company fell more than…
Italy manufacturing slump deepens in October – PMI
ROME (Reuters) – Italy’s manufacturing sector contracted for a fourth month running in October, with activity posting its steepest decline since May 2020 when the economy was struggling with COVID-19 lockdowns, a survey showed on Wednesday. The S&P Glo…
Britain’s Next sticks to outlook after quarterly sales rise
By James Davey LONDON (Reuters) -British clothing retailer Next reaffirmed full-year guidance that was cut in September as it reported a 0.4% rise in third-quarter full-price sales, slightly ahead of its expectations, sending its shares higher. Next, w…
Danish left-wing bloc to retain majority in parliament, final vote count shows
COPENHAGEN (Reuters) – Denmark’s left-leaning bloc will maintain a slim majority of seats in parliament after all votes from Tuesday’s election were counted, public broadcaster DR said on Wednesday. The Social Democratic Party led by Prime Minister Met…
Danish left-wing bloc could retain majority in parliament – DR
COPENHAGEN (Reuters) – Denmark’s left-leaning bloc will maintain a slim majority of seats in parliament after all votes from Tuesday’s election were counted, public broadcaster DR said on Wednesday. The majority will however depend on the support of tw…
Airbnb’s revenue forecast takes hit from strong dollar, slowing bookings
(Reuters) – Airbnb Inc forecast fourth-quarter revenue below market estimates on Tuesday, saying a strong U.S. dollar had started to pressure its business and that bookings would moderate after a bumper third quarter. The vacation rental firm expects f…
EA lowers bookings expectation on strong dollar, gaming slowdown
(Reuters) – Electronic Arts Inc lowered its annual bookings forecast on Tuesday as the publisher of “FIFA” and “Apex Legends” struggles with this year’s surge in the U.S. dollar and a gaming industry slowdown from pandemic heights. The company now expe…
Royal Mail workers’ union to strike for two days in November
(Reuters) – Britain’s Royal Mail said on Tuesday that members of its largest labour union, the Communication Workers Union (CWU), will strike for two days in November. Royal Mail, owned by International Distribution Services Plc, said the CWU notified …