Month: July 2024
Heineken shares fall 7% after first-half profit miss
In this photo illustration, bottles of Heineken beer are displayed on July 31, 2023 in San Anselmo, California. Justin Sullivan | Getty Images Heineken shares opened nearly 7% lower on Monday, after the brewing giant’s first-half profit growth came in weaker than analysts had expected. The company’s stock was trading down 6.7% at 9:30 a.m. […]
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Philips shares jump 10.5% as second-quarter sales grow despite China weakness
The Philips office building in Warsaw, Poland, on July 29, 2021. Nurphoto | Nurphoto | Getty Images Shares of Dutch device maker Philips jumped more than 10.5% in early deals Monday after the company reported better-than-expected second-quarter earnings. Shares pared gains slightly to trade up 10.4% by 8:50 a.m. London time. Comparable group sales rose […]
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Venezuelan President Nicolas Maduro wins third term, electoral authority says, contradicting exit polls
President of Venezuela Nicolas Maduro speaks during the election campaign closing event on July 25, 2024 in Caracas, Venezuela. Jesus Vargas | Getty Images News | Getty Images Venezuelan President Nicolas Maduro has won a third term with 51% of the vote, the country’s electoral authority said just after midnight on Monday, despite multiple exit polls which pointed to an opposition win. The authority said opposition candidate Edmundo Gonzalez won […]
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McDonald’s is about to report earnings. Here’s what to expect
A McDonald’s restaurant is viewed on July 22, 2024 in Burbank, California. Mario Tama | Getty Images McDonald’s is expected to report second-quarter earnings before the bell on Monday. Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report: Earnings per share: $3.07 expected Revenue: $6.61 billion expected The burger chain’s […]
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Italy’s Meloni vows to ‘relaunch’ cooperation with China
Italy and China flag together realtions textile cloth fabric texture Oleksii Liskonih | Istock | Getty Images Italian Prime Minister Giorgia Meloni vowed on Sunday to “relaunch” cooperation with China, signing a three-year action plan during her first official visit to Beijing since taking office. Meloni, who has led a right-wing government since 2022, made the announcement during a meeting with Chinese […]
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Quad foreign ministers meet in Tokyo for talks on maritime security, cyber
US Secretary of State Antony Blinken (R) prepares to pose for a group photo with Australia’s Foreign Minister Penny Wong (2nd R), Japan’s Foreign Minister Yoko Kamikawa (2nd L) and India’s Foreign Minister Subrahmanyam Jaishankar (L) at the start of their Quad Ministerial Meeting at the Iikura Guest House in Tokyo on July 29, 2024. […]
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The Olympic Games attract huge numbers, but they also repel many visitors too
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Many people — including residents — avoided Paris in the build-up to the Olympic Games, despite prognostications that a travel boom was all but assured. Source
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‘A pretty common occurrence’: Cities don’t see a huge bump in tourism the year they host the Olympics
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Host cities in the past two decades haven’t see a tourism boom during the year they host the Summer Olympic Games, says OAG’s Chief Analyst John Grant. But benefits can come later due to Games’ “legacy effect,” he said. Source
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Japan’s Nikkei jumps 2% to lead gains in Asia as traders assess U.S. inflation data, await BOJ meeting
Japan’s Mount Fuji seen in the Tokyo’s horizon on January 1, 2011. Kazuhiro Nogi | Afp | Getty Images Asia-Pacific markets climbed on Monday, with Japan’s Nikkei 225 leading gains in the region after a key U.S. inflation report late last Friday raised hopes for an interest rate cut. The Nikkei rose 2.02%, while the […]
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‘Rate cut winners’: Barclays names global stocks to buy when interest rates are cut
Barclays has identified a list of global stocks poised to benefit as central banks in Europe and the U.K. prepare to cut interest rates. The investment bank’s analysis comes as financial markets anticipate a shift in monetary policy, with potential implications for various sectors and companies. The European Central Bank and the Bank of England […]
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