LONDON (Reuters) – A wave of debt defaults by companies in the United States and Europe is imminent, due in part to the fastest monetary tightening cycle in 15 years, Deutsche Bank said in its annual default study released on Wednesday. Deutsche expects default rates to peak in the fourth quarter of next year. It …
Default wave imminent, will peak in 2024- Deutsche Bank Read More »
By Fatos Bytyci LEPOSAVIC, Kosovo (Reuters) – NATO peacekeepers guarded town halls in ethnically divided northern Kosovo for a third day on Wednesday, as unrest prompted the alliance to send additional troops to the area and NATO and the West slammed Kosovo for not having done enough to stave off violence. Following clashes on Monday …
NATO troops on guard in northern Kosovo for third day amid protests Read More »
By Dan Peleschuk KYIV (Reuters) – From the purchase of surveillance drones and armoured vehicles to providing access to a satellite, fundraiser Serhiy Prytula has helped power Ukraine’s army during Russia’s invasion. Now the comedian-turned-politician’s charitable foundation is setting its sights on the next big battle: post-war reconstruction. “Ukrainian civil society needs to be a …
Ex-comic sets sights on Ukraine reconstruction after helping fund war effort Read More »
PARIS (Reuters) – French President Emmanuel Macron offered a mea culpa to eastern European nations on Wednesday in saying France should have paid more attention to them amid their warnings about a belligerant Russia before its invasion of Ukraine. In a speech in Bratislava, Macron told the GLOBSEC forum there should be no division between …
France’s Macron offers mea culpa to eastern EU nations on Russia Read More »
By Steve Gorman (Reuters) -An all-private astronaut team of two Americans and two Saudis, including the first Arab woman sent into orbit, splashed down safely off Florida on Tuesday night, capping an eight-day research mission aboard the International Space Station (ISS). The SpaceX Crew Dragon capsule carrying them parachuted into the Gulf of Mexico off …
Private astronaut crew, including first Arab woman in orbit, returns from space station Read More »
LONDON (Reuters) – The president of the Confederation of British Industry (CBI), which is fighting for its survival after a series of workplace misconduct incidents, will step down early next year, the lobbying organisation said on Wednesday. Brian McBride, who was elected CBI president in June 2022, will now start the search for his own …
Embattled Confederation of British Industry to seek new president Read More »
By Prerna Bedi and Yadarisa Shabong (Reuters) – British discount retailer B&M on Wednesday forecast higher core earnings for its 2023-24 financial year, as customers snap up budget food and goods in a cost-of-living crunch, sending its shares nearly 6% higher. The FTSE-100 firm said it was benefitting from people switching to cheaper alternatives including …
B&M sees higher profit as Britons hunt for bargains Read More »
(Reuters) -WH Smith on Wednesday forecast higher full-year profit as the British retailer bet on strong travel demand during the summer after it witnessed robust trading across its global travel business. Leisure and business travel are back to pre-pandemic levels, boosting sales at stores in transit locations. Still, high costs in an uncertain economic environment …
Retailer WH Smith expects higher profit on strong summer travel Read More »
(Reuters) -Ladbrokes-owner Entain Plc said on Wednesday it was likely to incur a “substantial financial penalty” as part of an investigation by Britain’s tax authority into issues including possible misconduct involving former third-party suppliers. Entain, formerly known as GVC Holdings, said it was in deferred prosecution agreement talks with the Crown Prosecution Service and was …
Ladbrokes-owner Entain may face penalty from UK tax authority Read More »
(Reuters) -Bloomsbury Publishing posted a rise in full-year profit on Wednesday, helping the Harry Potter publisher propose a 10% hike in final dividend, as readers lapped up novels and online learning boosted demand for its digital academic resources. A string of acquisitions to boost its portfolio and resilient demand for books as a form of …
Harry Potter publisher Bloomsbury’s annual profit rises as readers lap up novels Read More »
