KIGALI (Reuters) – Flooding and landslides triggered by heavy rains that have killed 130 people in Rwanda this week have also destroyed more than 5,000 homes, a government spokesperson said on Thursday. The rains that started on Tuesday evening caused floods and landslides in the country’s Western and Northern provinces. The death toll stood at …
Rwanda floods kill 130, destroy over 5,000 houses Read More »
By Nora Buli and Nerijus Adomaitis OSLO (Reuters) – The risk of price spikes lingers on the European gas market, depending largely on weather during the peak demand heating season later this year and liquefied natural gas (LNG) supplies, the head of Norway’s Equinor said on Thursday. Plentiful supply, reduced demand helped by mild weather …
European gas spike risk lingers, says Equinor CEO Read More »
(Reuters) -Alibaba Group Holding Ltd’s international online shopping unit is exploring a U.S. initial public offering, Bloomberg News reported on Thursday citing people familiar with the matter. The e-commerce giant is in the early stages of consideration and the IPO’s size is yet to be determined, the report added. The business group is in talks …
Alibaba’s global online commerce arm weighs US IPO – Bloomberg News Read More »
By Navamya Ganesh Acharya and Praveen Paramasivam BANGALORE/CHENNAI (Reuters) -Dabur India Ltd said on Thursday discounts and higher material costs ate into margins in the fourth quarter, overshadowing strong demand for its packaged foods and home care products. The company raised prices to combat costs, joining rival consumer goods makers like Hindustan Unilever and Nestle …
Dabur India’s Q4 margins shrink as discounts, rising costs hurt Read More »
(Reuters) – India’s Bombay Dyeing and Manufacturing Company Ltd reported a bigger March-quarter net loss on Thursday, as increasing costs continued to hurt the retail and textiles company. The Mumbai-based company’s consolidated net loss widened to 2.46 billion rupees ($30.08 million) for the three months ended March 31, from a loss of 417.4 million rupees …
India’s Wadia-owned Bombay Dyeing posts bigger Q4 loss as costs soar Read More »
By Ali Sawafta NABLUS, West Bank (Reuters) -Israeli forces on Thursday killed two Palestinian gunmen who shot dead a British-Israeli mother and her two daughters in April in the occupied West Bank, Israel’s domestic security service said. A third militant who had aided the two gunmen was also killed in the raid, Israel’s Shin Bet …
Israeli forces kill Palestinian gunmen who shot British-Israelis Read More »
München (Reuters) – Nach einem überraschend starken Jahresauftakt stellt sich der Autobauer BMW auf Gegenwind ein. “Unser Umfeld bleibt hochvolatil und mit hoher Wahrscheinlichkeit geprägt von unvorhersehbaren Ereignissen”, sagte BMW-Chef Oliver Zipse am Donnerstag. Experten gingen davon aus, dass die großen Wirtschaftsräume tendenziell weiter auseinanderdrifteten – politisch, technologisch und in ihrer Gesetzgebung. BMW profitiere von …
Geschäfte bei BMW laufen besser als erwartet – Turbulenzen erwartet Read More »
– von Alexander Hübner München (Reuters) – Die anhaltend starke Nachfrage aus der Auto- und Energiebranche gibt dem Chipkonzern Infineon Zuversicht für den Rest des Geschäftsjahres. “Wir sehen weiter eine Zweiteilung der Halbleitermärkte”, sagte Vorstandschef Jochen Hanebeck am Donnerstag. Während das Geschäft mit Chips für Elektroautos und erneuerbare Energien brummt, verkaufen sich Halbleiter für Smartphones …
Nachfrage aus der Autoindustrie gibt Infineon Zuversicht Read More »
BERLIN (Reuters) -Two people were killed on Thursday in a train accident in the administrative district of Cologne in Germany’s western state of North Rhine-Westphalia, police said. “Two people are dead,” a police spokesperson said. It was too early to say anything about how the accident happened, the spokesperson said, adding that police had no …
Two dead after train accident in western Germany – police Read More »
By Victoria Waldersee BERLIN (Reuters) – Volkswagen sees higher competition later this year as supply chain bottlenecks ease and China’s electric car market heats up, the carmaker said on Thursday, adding that it put margins over volume even as it fights to maintain market share. The company was emboldened to stick to its annual outlook …
Volkswagen sees growing competition ahead as revenue jumps on Europe, US Read More »
