Maskot | Digitalvision | Getty ImagesShares of Teleperformance plunged 20% on Thursday, after the French call center and office services group missed its full-year revenue target and flagged a "volatile economic environment."Investors have been spooked by the potential impact of artificial intelligence on its business model, as companies become...
A salesman preparing a bag of sweets for a customer in the Sicilian confectionery shop Mazzone on February 02, 2024 in Catania, Italy. Fabrizio Villa | Getty Images News | Getty ImagesInflation in the 20-nation euro zone eased to 2.6% in February, flash figures showed on Friday, but both...
Bud Light, made by Anheuser-Busch.Joe Raedle | Getty ImagesHiking beer prices led Budweiser owner Anheuser-Busch InBev to profit and revenue growth last year, even U.S. sales of staple brand Bud Light were curbed by boycott action.The world's biggest brewer on Thursday recorded annual revenue of $59.38 billion, up 7.8%,...
Joachim Nagel, president of Deutsche Bundesbank, during the central bank's "Annual Report 2023" news conference in Frankfurt, Germany, on Friday, Feb. 23, 2024. Bloomberg | Bloomberg | Getty ImagesLosses incurred by the German central bank rocketed into the tens of billions in 2023 due to higher interest rates, requiring it...
Rain falls over the finance district and the European Central Bank (ECB) in Frankfurt, Germany.Thomas Lohnes | Getty Images News | Getty ImagesThe European Central Bank on Thursday reported its first annual loss since 2004, following hefty payouts due to higher interest rates.It reported losses of 1.3 billion euros ($1.4...
A general view of a kiosk near Charing Cross station in London, England, on January 20, 2024. (Photo by Alberto Pezzali/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesLONDON — Stronger-than-expected January retail sales provided a glimmer of light for the struggling British economy on Friday — and suggest...
Shares of Renault climbed in morning trade on Thursday, after the French carmaker said it would propose raising its dividend per share to 1.85 euros ($1.99) for the financial year, up from 0.25 euros previously.Paris-listed shares were 6.9% higher at 9:27 a.m. London time.The company on Wednesday reported a...
Elevated shipping costs as a result of ongoing tensions in the Red Sea could impede the global fight against inflation, the Organisation for Economic Co-operation and Development said Monday.The Paris-based group estimates that the recent 100% rise in seaborne freight rates could increase import price inflation across its 38...
A pedestrian sheltering under an umbrella passes a Julius Baer Group Ltd. branch in Zurich, Switzerland, on Tuesday, July 13, 2021.Stefan Wermuth | Bloomberg | Getty ImagesSwiss bank Julius Baer on Thursday reported hefty net credit losses tied to its exposure to real estate group Signa Holding, as it...
Patrons at sidewalk tables of Janis bar in Cais do Sodre in Lisbon, Portugal.Horacio Villalobos | Corbis News | Getty ImagesEuro zone headline inflation eased slightly in January, flash figures published by the European Union's statistics agency showed on Thursday, while core figures declined less than expected. Annual headline...