By Philip Pullella and Tim Johnson EDMONTON, Alberta (Reuters) -Pope Francis on Tuesday praised the indigenous tradition of showing great respect for elders and learning from them, saying their memory must not be lost in modern society’s “fog of forget…
Valeo posts profit beat amid ‘improving’ chip shortage, EV adoption accelerates
(Reuters) – French car parts maker Valeo on Tuesday posted slightly better-than-expected half-year core profit and reiterated its full-year guidance, citing a projected increase in global car output. Valeo’s half-year earnings before interest, tax, dep…
Credit Suisse expected to announce Koerner as CEO, replacing Gottstein – sources
By Oliver Hirt (Reuters) -Credit Suisse Group AG is expected to announce Ulrich Koerner as its new chief executive officer, replacing Thomas Gottstein in a bid to shore up confidence in the bank, two sources familiar with the situation said on Tuesday….
Portugal’s Jeronimo Martins quarterly profit jumps, strong sales in Poland
LISBON (Reuters) – Portugal’s No. 2 retailer, Jeronimo Martins, on Tuesday reported a 35% jump in second-quarter net income, with strong sales in its key market Poland, supported by the consumption of millions of Ukrainian refugees amid soaring inflati…
UK leadership live debate ends after presenter faints on air
LONDON (Reuters) -A live debate between the two candidates vying to succeed Boris Johnson as British prime minister came to a dramatic end on Tuesday when the presenter fainted. Foreign Secretary Liz Truss, the bookmakers’ favourite to win the Conserva…
Ukraine aims for $15-20 billion IMF loan by year-end – central bank governor
By Karin Strohecker and Jorgelina do Rosario LONDON (Reuters) – Ukraine aims to strike a deal for a $15-$20 billion programme with the International Monetary Fund before year-end to help shore up its war-torn economy, the country’s central bank governo…
ECB’s De Cos says risks to inflation outlook in eurozone have intensified
MADRID (Reuters) – Risks to the inflation outlook in the eurozone remain on the upside and have intensified, particularly in the short term, European Central Bank policymaker Pablo Hernandez de Cos said on Tuesday. De Cos said risks included “lasting d…
Oil falls on additional SPR release, lower consumer confidence
By Laura Sanicola (Reuters) -Oil prices fell on Tuesday, paring gains made earlier in the session on lower consumer confidence and the expectation of another 20 million barrels of crude oil to be released from the U.S Strategic Petroleum Reserve. Brent…
Deutsche Boerse Q2 profit grows 10%, beats expectations
FRANKFURT (Reuters) -German exchange operator Deutsche Boerse said on Tuesday it posted a better-than-expected 10% rise in second-quarter net profit, helped by volatility in financial markets that generate trading revenue. The company said it should “s…
Explainer-Nord Stream’s turbine tussle puts spotlight on equipment
MOSCOW (Reuters) -The bickering over a turbine Moscow says is to blame for a reduction of gas flows via Nord Stream 1 has put into focus the equipment the pipeline needs to operate. At the heart of the tussle lies SGT-A65, a Siemens Energy turbine that…