Headlines

Coty sees annual profit at low end of forecast as mass beauty demand slows

Coty sees annual profit at low end of forecast as mass beauty demand slows

(Reuters) –     Coty on Wednesday said it expects annual profit to come in at the low end of its forecast, as weak demand for be..

Italy opens procedure against Sinochem over Pirelli possible governance breach

Italy opens procedure against Sinochem over Pirelli possible governance breach

MILAN (Reuters) –     Pirelli said on Wednesday that Italy’s Prime Minister’s Office opened an administrative proced..

Safran appoints new CEOs for its Aircraft Engines, Electrical & Power units

Safran appoints new CEOs for its Aircraft Engines, Electrical & Power units

(Reuters) – Safran has appointed Stephane Cueille as CEO of its Aircraft Engines unit, replacing Jean-Paul Alary effective in th..

UK orders China-registered firm to sell stake in Scottish chip company

UK orders China-registered firm to sell stake in Scottish chip company

LONDON (Reuters) –     The British government on Wednesday ordered China-registered Future Technology Devices International Hold..

China wants talks on trade measures at COP29 climate summit, document shows

China wants talks on trade measures at COP29 climate summit, document shows

By Kate Abnett BRUSSELS (Reuters) – China has requested that countries hold talks at next week’s COP29 U.N. climate summit..

Shein’s European entity reports 68% sales growth in 2023

Shein’s European entity reports 68% sales growth in 2023

By Helen Reid LONDON (Reuters) -Sales by Shein’s Ireland-registered entity Infinite Styles Ecommerce Co grew 68% in 2023, hittin..

KPMG to lay off less than 4% of US audit workforce, source says

KPMG to lay off less than 4% of US audit workforce, source says

(Reuters) -KPMG will lay off less than 4%, or about 330 people, of its audit workforce in the United States, a source familiar with th..

Ryanair H1 profit falls 18% on lower fares, but price weakness moderating

Ryanair H1 profit falls 18% on lower fares, but price weakness moderating

By Conor Humphries DUBLIN (Reuters) -Budget airline Ryanair said on Monday that average fares fell 10% in the six months ended Septemb..

Swedish government commission recommends easing mortgage repayment rules

Swedish government commission recommends easing mortgage repayment rules

STOCKHOLM (Reuters) – Sweden should ease rules on mortgage borrowing and repayment which have made it harder for new buyers to g..

German companies’ hiring plans drop to four-year low, Ifo finds

German companies’ hiring plans drop to four-year low, Ifo finds

BERLIN (Reuters) – German companies are less willing to hire new staff than at any point in more than four years, data from the ..