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Swedes vote in election that could usher far right into government
1+ day, 18+ hour ago (704+ words) By Niklas Pollard and Johan Ahlander STOCKHOLM, Sept 13 (Reuters) – Swedes were voting in a closely fought election on Sunday that will either bring a far-right party into government for the first time or shift the country back towards the liberalism…...
Starlink rival Eutelsat plans OneWeb expansion after €1 billion satellite order
4+ day, 1+ hour ago (314+ words) Sept 10 (Reuters) – Satellite operator Eutelsat said on Thursday it will replenish and expand its OneWeb network through 2034 after the Franco-British operator signed a deal with Airbus for 229 additional low Earth orbit satellites. The new order, representing an investment of €1 billion…...
Texas Stock Exchange captures first primary equity market listings from NYSE
3+ day, 20+ hour ago (544+ words) PROVIDENCE, Rhode Island, Sept 10 (Reuters) – The fledgling Texas Stock Exchange on Thursday scored another victory against established New York trading venues, convincing three related energy partnerships to shift their primary listing from the New York Stock Exchange to Dallas. In…...
Europe drives global EV sales growth in August, offsetting China, North America weakness
3+ day, 18+ hour ago (187+ words) Sept 11 (Reuters) – Global demand for electric vehicles rose for a sixth consecutive month in August, with Europe leading the growth, data from UK-based research firm Benchmark Mineral Intelligence showed on Friday. Sales of battery-electric and plug-in hybrid vehicles show growing…...
ECB hikes rates as Iran war adds to inflation angst
4+ day, 5+ hour ago (668+ words) LONDON, Sept 10 (Reuters) – The European Central Bank raised interest rates for the second time this year in a widely flagged move on Thursday, hoping to tame an inflation rise driven entirely by higher energy costs from the Iran war. The…...
French economy set for only 0.4% growth this year, says INSEE
4+ day, 2+ hour ago (365+ words) PARIS, Sept 10 (Reuters) – The French economy will grow markedly less this year than the government has anticipated as declining purchasing power weighs on consumer spending and firms rein in investment, the national statistics office forecast on Thursday, cutting its outlook....
American Eagle shares slump on flat margin outlook, weakness in namesake brand
4+ day, 8+ hour ago (320+ words) Sept 10 (Reuters) – American Eagle Outfitters’ shares tumbled about 12% in premarket trading on Thursday after it forecast flat quarterly gross margins, signaling discounts to clear excess inventory and weak demand at its namesake brand could weigh on profit. The apparel retailer…...
AI boom poses new financial stability risks, BIS head says
4+ day, 12+ hour ago (463+ words) LONDON, Sept 10 (Reuters) – AI’s rapid rise is creating new financial stability risks, Bank for International Settlements head Pablo Hernandez de Cos said, with spending on related infrastructure already at a scale significant enough to influence global economic conditions. For central…...
ECB raises interest rates to fight off inflation jump
4+ day, 5+ hour ago (417+ words) FRANKFURT, Sept 10 (Reuters) – The European Central Bank raised interest rates for the second time this year in a widely flagged move on Thursday, hoping to tame an inflation rise driven entirely by higher energy costs from the Iran war. Surging…...
German August inflation confirmed at 2.9%
4+ day, 11+ hour ago (60+ words) WTVB German August inflation confirmed at 2.9% BERLIN, Sept 10 (Reuters) – German inflation accelerated to 2.9% in August, the federal statistics office said on Thursday, confirming preliminary data. Germany’s consumer prices, harmonised to compare with other European Union countries, stood at 2.8% year on…...