Category: Business

Germany’s manufacturing sector contracted in July for the first time in over two years, hurt by a deepening slump in new orders that darkens the outlook for Europe’s largest economy, a survey showed on Monday. S&P Global’s final Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of Germany’s economy, fell to […]

Bezeq Israel Telecom (BEZQ.TA) on Monday raised its estimate for adjusted 2022 net profit to 1.1-1.2 billion shekels ($325-$354 million) from a prior forecast of 1.0-1.1 billion, while expecting to reach more homes with its fibre optics network. Bezeq, Israel’s largest telecoms group, projects reaching 1.5 million homes with its fibre network in 2022, up […]

On a busy downtown street three delivery bikes suddenly dart over the pedestrian crossing ahead of the car. On the car’s dashboard they look like small 3D blue blocks from a 1990s video game. The steering wheel turns itself a notch and the vehicle slows to a gentle halt, while the safety driver looks on […]

HSBC (HSBA.L) is unlikely to appoint an executive of its biggest shareholder Ping An Insurance Group of China to its board due to a conflict of interest, HSBC Chief Executive Noel Quinn told reporters on Monday. “There is the potential for conflict of interest given there is an overlap in their business model with ours […]

Lufthansa (LHAG.DE) said on Monday it was striving to solve a pay dispute with pilots in ongoing negotiations, after the union representing them threatened strike action. Pilots at the German flagship carrier voted on Sunday by a margin of 97.6% in favour of industrial action, although the VC union has said this does not necessarily […]

Australia said on Monday it will decide whether to curb exports of liquefied natural gas (LNG) after a watchdog urged restrictions, warning one of the world’s biggest suppliers of the fuel could face a shortfall and soaring prices next year. The government’s move, after a recommendation from the Australian Competition and Consumer Commission (ACCC), comes […]

Aeva Technologies Inc (AEVA.N) on Monday said it has reached a deal with a German firm to sell its sensors for industrial uses such as automating manufacturing lines with machines and self-driving mining trucks. Silicon Valley-based Aeva makes lidar sensors, which can help self-driving cars and other devices gain a three-dimensional view of their surrounding […]