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 2022-08-09 11:17 

Reuters

Abrdn struggles with mediocrity...

Vowel-deprived British asset manager Abrdn has delayed its revenue and cost targets. It's a logical response to volatile markets, which caused revenue fees to fall 8% year-on-year in the six months to the end of June. Operating profit slumped 28%. Yet...

 2022-08-09 11:17 

Reuters

Beijing consumer rights group summons grocery firm Missfresh over complaints...

A Beijing consumer rights group said on Tuesday it had asked Missfresh to work on plans to refund its customers and explain how it will rectify its business after receiving a number of complaints, adding to pressures facing the Tencent Holdings and Tiger ...

 2022-08-09 11:16 

Reuters

Problems remain with Kaliningrad transit despite EU deal - Russia...

Russia's Baltic exclave of Kaliningrad is bumping up against quotas imposed by the European Union for sanctioned goods that it can import across Lithuania from mainland Russia or Belarus, the region's governor said on Tuesday....

 2022-08-09 11:15 

Reuters

WeWork rival IWG has a growing debt problem...

IWG's business model is looking a little shaky. Shares in the $2 billion WeWork rival fell 10% on Tuesday after the loss-making business said that inflationary pressures, the war in Ukraine and lockdowns in markets like China caused operating profit t...

 2022-08-09 11:15 

UPI

Google back online after software issue causes short outage worldwide...

Google was back online early Tuesday after the search engine reported a brief but widespread outage around the world overnight....

 2022-08-09 11:15 

UPI

[ Business ]

Google back online after software issue causes short outage worldwide...

Google was back online early Tuesday after the search engine reported a brief but widespread outage around the world overnight....

 2022-08-09 11:14 

Reuters

UK's Liz Truss still favours tax cuts over direct support on energy bills...

Liz Truss, the frontrunner in the race to replace Boris Johnson as British Prime Minister, said on Tuesday she still favoured tax cuts to grow the economy instead of providing direct support to households facing unprecedented rises in energy bills....

 2022-08-09 11:13 

Reuters

BP, Bunge put Brazil sugar and ethanol business up for sale - report...

British oil major BP and U.S. commodities trader Bunge Ltd have put their Brazilian sugar and ethanol joint venture BP Bunge Bioenergia up for sale, newspaper Valor Economico reported on Tuesday....

 2022-08-09 11:06 

Reuters

Toyota suspends some Japan factory production due to COVID outbreak...

Toyota Motor Corp said on Tuesday it would suspend the second shift operation of that day at one production line at its factory in central Japan due to an outbreak of COVID-19....

 2022-08-09 11:05 

Reuters

Devon Energy to buy Eagle Ford basin operator Validus for $1.8 billion...

Shale producer Devon Energy said on Tuesday it will buy Validus Energy, an Eagle Ford basin operator, for $1.8 billion in cash....

 2022-08-09 11:03 

Reuters

Pope concerned for Amazon and indigenous peoples, says its first cardinal...

Pope Francis will install the first cardinal of Brazil's Amazon region this month in a sign of his concern for the rainforest and its indigenous inhabitants, the man whom he picked for the role said....

 2022-08-09 11:02 

Reuters

Emerson quarterly profit rises on strength in automation unit...

U.S. equipment maker Emerson Electric Co on Tuesday posted a jump in third-quarter profit benefiting from stronger performance at its automation unit, as companies revamp their assembly lines to offset a shortage of factory workers....

 2022-08-09 10:58 

Reuters

UK must act on storage to ditch gas for offshore wind...
 2022-08-09 10:54 

Reuters

[ World ]

Thai PM Prayuth to stay in power another 2 years, his deputy says | Reuters...

Thai Prime Minister Prayuth Chan-ocha will be in power two more years, his deputy and fellow coup leader said on Tuesday, as the main opposition party seeks a court ruling to remove the premier this month, a year before an election is due....

 2022-08-09 10:52 

Reuters

[ World ]

UK issues new 'extreme heat' warning for England and Wales | Reuters...

Britain's weather service on Tuesday issued an amber...

 2022-08-09 10:52 

Reuters

[ World ]

U.S. Coast Guard responds to oil spill in Terrebonne Bay, La. | Reuters...

The U.S. Coast Guard said on Monday it was responding to an oil spill at the Hilcorp Caillou Island facility in Terrebonne Bay, Louisiana....

 2022-08-09 10:50 

Reuters

Capri beats quarterly revenue estimates...

Michael Kors-owner Capri Holdings Ltd beat quarterly revenue estimates on Tuesday, helped by unwavering demand for luxury goods from higher-income consumers who remain largely unaffected by rising prices....

 2022-08-09 10:50 

Reuters

Russians under sanctions fail to declare assets in line with German law...

None of the Russians targeted by European Union sanctions have declared their assets to German authorities as required to do under Germany's sanctions law, the German government said, prompting a call for the transparency regime to be tightened....

 2022-08-09 10:49 

Reuters

California power plan lays bare the cost of renewables delays...

A new multi-fuel generation reserve to alleviate summer power shortages in California shows how grid connection delays and a growing bundle of supply chain challenges are costing taxpayers and hampering clean energy goals....

 2022-08-09 10:49 

Reuters

SoftBank steps up asset sales from sinking portfolio...

SoftBank Group Corp is accelerating asset sales after its flagship Vision Fund unit booked nearly $50 billion in losses in just six months, but Chief Executive Masayoshi Son faces narrowing options and slumping valuations, analysts said....

 2022-08-09 10:45 

Reuters

Coach Minichiello banned for life over inappropriate conduct...

Toni Minichiello, who guided Britain's Jessica Ennis-Hill to the heptathlon gold at London 2012, has been banned for life after a disciplinary panel appointed by the UK Athletics (UKA) Board found him to have engaged in sexually inappropriate behaviou...

 2022-08-09 10:43 

Reuters

Russia suspends oil exports via southern leg of Druzhba pipeline due to transit payment issues...

Russia suspended oil exports via the southern leg of the Druzhba pipeline from early August due to issues relating to transit fees, two sources familiar with the operations said on Tuesday....

 2022-08-09 10:39 

Reuters

Thailand approves benefits for airport-centred economic zone...

Thailand's cabinet on Tuesday approved investment benefits for a 10.4 square kilometre (4 square mile) special economic zone centred on a repurposed Vietnam War airfield that is intended to become an aviation and logistics hub....

 2022-08-09 10:31 

UPI

4 states vote in primary elections Tuesday; GOP hopefuls backed by Trump, Pence clash...

Four states will hold primary elections Tuesday, including a contest that will pit candidates endorsed by former President Donald Trump and Vice President Mike Pence against each other....

 2022-08-09 10:31 

Reuters

Suicide attack kills four Pakistani soldiers - army...

A suicide bomber attacked a military convoy in a Pakistani tribal region along the Afghan border, killing four soldiers, the army said on Tuesday....

 2022-08-09 10:27 

Reuters

U.S. wind operators tool up to capture summer price spikes...

Preventative maintenance, accurate weather forecasting and hedging of grid congestion will help wind farm owners optimise soaring power prices this summer....

 2022-08-09 10:27 

Reuters

Russia says it destroyed HIMARS ammunition depot in Ukraine...

Russia's defence ministry said on Tuesday that Russian forces had destroyed an ammunition depot near the central Ukrainian city of Uman storing U.S.-made HIMARS missiles and M777 howitzers....

 2022-08-09 10:21 

Reuters

Micron tempers fourth-quarter revenue forecast...

Memory chipmaker Micron Technology said on Tuesday that its fourth-quarter revenue may come in at or below the low end of the forecast range provided on its June 30 earnings call....

 2022-08-09 10:18 

Reuters

More than 10.5 million people have crossed border from Ukraine since Feb 24UNHCR...

More than 10.5 million people have crossed border from Ukraine since Russia's invasion on Feb. 24, the United Nations Refugee agency UNHCR said on its website on Tuesday....

 2022-08-09 10:13 

Reuters

Four key races in Wisconsin, Minnesota midterm primaries...

Voters in states including Wisconsin and Minnesota will pick candidates for the U.S. Congress and other offices in primaries on Tuesday, in another test of former President Donald Trump's influence in the Republican Party ahead of the Nov. 8 midterms....

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