Today: September 25, 2024
Today: September 25, 2024

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Business|News

Equity Residential to buy apartment portfolio from Blackstone for nearly $1 billion

Equity Residential has agreed to acquire 11 apartment properties located in its expansion markets such as Atlanta and Denver from Blackstone for about $964 million, the companies said on

Equity Residential to buy apartment portfolio from Blackstone for nearly $1 billion
News

Helicopter crashes in Nepali forest, killing all five on board

A helicopter crashed in a forest outside Nepal's capital Kathmandu shortly after takeoff on Wednesday, killing all five people on board, an official said, the latest of more than

Helicopter crashes in Nepali forest, killing all five on board
Business|Economy|Finance|Technology

Rockwell cuts full-year adjusted profit forecast on slower automation demand

Rockwell Automation cut its full-year forecast for adjusted profit on Wednesday to reflect slower-than-anticipated demand from customers for automation products.

Business|Europe|Finance

Italy doubles billionaires' 'flat tax', decries tax havens

Italy's government approved a measure on Wednesday that doubles to 200,000 euros ($218,220) per year a "flat tax" applied on income earned

Italy doubles billionaires' 'flat tax', decries tax havens
Business|Economy|Finance|Stock Markets

Japan's top currency diplomat says monitoring markets with sense of urgency

The Japanese government is closely monitoring stock and currency markets and cooperating with the central bank and other countries, Japan's top currency diplomat Atsushi Mimura said

Japan's top currency diplomat says monitoring markets with sense of urgency
Crime|News|World

U.S.-Russian citizen Ksenia Karelina pleads guilty to treason, state media says

Russian-American dual citizen Ksenia Karelina has pleaded guilty in a Russian court to a charge of treason, state news agency RIA quoted her lawyer as saying on

Business|Health

US patients take Wegovy obesity drug for around six months, Novo Nordisk says

U.S. patients are on average staying on Novo Nordisk's Wegovy weight-loss medication for just six months, an executive said on Wednesday, attributing the short time to the low

US patients take Wegovy obesity drug for around six months, Novo Nordisk says
Asia|Business|Europe|Fashion and Beauty|Finance

Ralph Lauren beats profit estimates on stable demand in Europe, China

Ralph Lauren beat first-quarter profit estimates on Wednesday as steady demand for its pricey denims and polo shirts in Europe and China offset slower sales in the U.S.

Ralph Lauren beats profit estimates on stable demand in Europe, China
Crime|Europe|News|World

Why are there riots in the UK and who is behind them?

Riots have erupted at anti-immigration protests in towns and cities across Britain in the last week, with attacks by far-right groups on hotels housing asylum seekers and on mosques

Why are there riots in the UK and who is behind them?
Asia|News|World

Bangladesh court overturns Yunus' conviction in labour law case, lawyer says

A court in Bangladesh overturned on Wednesday the conviction of Muhammad Yunus, the head of the country's interim government, in a case relating to labour law violations, the lawyer

Bangladesh court overturns Yunus' conviction in labour law case, lawyer says
Business|Finance

Emerson's quarterly earnings rise on measurement instruments demand

Emerson Electric reported higher third-quarter earnings on Wednesday, aided by demand for its unit which makes valves, regulators and actuators.

Emerson's quarterly earnings rise on measurement instruments demand
Business|Economy|Finance

Global Payments beats Q2 profit estimates as consumers shrug off slowdown fears

Payment company Global Payments beat profit estimates for second quarter on Wednesday, as consumer spending remains resilient despite worries about a economic slowdown.

Europe|Finance

ECB's Rehn: Rate cuts can continue if downward inflation trend strengthens

The European Central Bank can continue cutting interest rates if confidence in the slowing inflation trend strengthens in the near future, Finnish ECB policymaker Olli Rehn said

ECB's Rehn: Rate cuts can continue if downward inflation trend strengthens
Business|Health

Zimmer Biomet beats profit estimates on strong demand for medical devices

Zimmer Biomet Holdings beat Wall Street estimates for second-quarter profit on Wednesday, driven by robust demand for its devices used in joint reconstruction procedures.

Zimmer Biomet beats profit estimates on strong demand for medical devices
Europe|News|Political

Putin says Ukrainian attack on Kursk is a major provocation

Russian President Vladimir Putin said on Wednesday that a Ukrainian incursion into Russia's Kursk region was a major provocation.

Putin says Ukrainian attack on Kursk is a major provocation
Business|Economy|News

UK house prices rise by most since January, Halifax data shows

British house prices rose by the most six months in July, according to figures published on Wednesday by mortgage lender Halifax that suggested fresh momentum in the property market

UK house prices rise by most since January, Halifax data shows
Business|Finance|Technology

Shopify soars as AI focus powers quarterly beat, bullish forecast

Shopify beat analysts' estimates for second-quarter results and forecast upbeat sales growth on Wednesday as its AI-enabled tools attracted more merchants to its e-commerce services,

Shopify soars as AI focus powers quarterly beat, bullish forecast
Crime|Europe|News|World

Man jailed for three years for violent disorder, punching police officer in UK anti-Muslim riots

A British man was on Wednesday jailed for three years for violent disorder during anti-Muslim riots last week, as the first sentences from a wave of violence after the

Man jailed for three years for violent disorder, punching police officer in UK anti-Muslim riots
Business|Economy|Technology

US auto regulator opens probe into more than 77,000 Nissan SUVs

U.S. auto safety regulator has opened a preliminary evaluation into 77,131 Nissan vehicles over reports of an issue with the steering tie rod, it said on Wednesday.

US auto regulator opens probe into more than 77,000 Nissan SUVs
Business|News|Technology

NYT subscribers surge as The Athletic shines in sports-filled summer

The New York Times handily beat expectations for second-quarter digital subscriber growth, benefiting from its bundling strategy and strong growth at sports publication The Athletic in a

NYT subscribers surge as The Athletic shines in sports-filled summer
Business|Finance|Stock Markets|Technology|Travel

Airbnb shares slumps as weak forecast signals slowing travel demand

Shares of Airbnb slumped nearly 14% on Wednesday after the online travel company forecast third-quarter revenue below estimates, citing slowing demand in the United States and shorter

Airbnb shares slumps as weak forecast signals slowing travel demand
Business|Finance|Technology

KKR to help Fuji Soft go private under $4 billion management buyout, Nikkei reports

U.S. private equity firm KKR & Co plans to help Japanese system developer Fuji Soft go private under a management buyout worth about 600 billion yen ($4.09 billion), the Nikkei

KKR to help Fuji Soft go private under $4 billion management buyout, Nikkei reports
Business|News|Technology

Former Canadian spy agency chief Vigneault joins US intelligence firm Strider

Former Canadian spy agency chief David Vigneault, who stepped down after seven years in that post in July, is joining U.S. security firm Strider Technologies as the managing

Former Canadian spy agency chief Vigneault joins US intelligence firm Strider
Business|Finance|Health

CVS Health expects medical costs to remain high through the year

CVS Health said on Wednesday that high demand for medical care among older adults hit second-quarter results, a trend that continued into July,

CVS Health expects medical costs to remain high through the year
Europe|News|World

Russian shelling kills four in Ukraine's Donetsk region

Russia shelled the frontline Donetsk region in Ukraine's east on Wednesday, killing at least four people, the regional governor said.

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