(Reuters) -Spotify Technology said currency moves and a big increase in hiring would push it to an operating loss in the second quarter, sending the streaming giant’s shares down 11% on Wednesday despite a forecast-beating rise in first quarter revenue…
U.S. logistics firm GXO aims to increase sales in Germany
FRANKFURT (Reuters) – The world’s largest contract logistics provider, U.S.-based GXO, said on Wednesday it hoped to significantly increase its share of sales in Germany over the next five years with warehouse-related services in Europe’s largest econo…
Activist investor Alta Fox pushes to replace Hasbro chairman
(Reuters) – Alta Fox Capital Management LLC is seeking to oust Hasbro Inc’s chairman and two other directors, as the activist investor pushes for changes at the toymaker including a spin-off of it Wizards of the Coast unit. Alta Fox, a firm founded fou…
Iron man Elon Musk places his Tesla battery bets
By Hyunjoo Jin and Paul Lienert (Reuters) – As Tesla’s profits and prices grabbed headlines last week, a potentially pivotal development for the global car industry flew largely under the radar. The U.S. electric pioneer disclosed that nearly half of t…
ArcelorMittal weighs risks for Polish business as Gazprom halts gas supplies
(Reuters) – ArcelorMittal Polish unit said on Wednesday it is currently assessing potential risks of gas shortages and its impact on its operations in Poland after Russian energy group Gazprom halted supplies to the country. “However, we have been assu…
U.N. report highlights land use trends and costs of degradation
By Gloria Dickie LONDON (Reuters) – Decades of deforestation, mining and industrial pollution have taken a toll on the planet, leaving as much as 40% of its land degraded and putting economies at risk, a U.N. report says. Nearly half of the world’s lan…
Interior design group Design Holding says 2021 sales up 21%
MILAN (Reuters) – High-end interior design group Design Holding, which is considering a possible market listing this year, said on Wednesday its revenues rose by 21% in 2021 as it expanded its portfolio with the acquisition of a Danish company. Pro-for…
Ukrainian farmer shelters in old cellar from war with just pickles to eat
STUDENOK, Ukraine (Reuters) – A farmer living close to the frontline of war in Ukraine’s east has converted his old cellar into a bomb shelter with only his last jar of pickles to eat, saying he feels more comfortable there than in his house. Just 400 …
EU estimates up to 80% of population has had COVID
By Francesco Guarascio BRUSSELS (Reuters) – The European Commission said that between 60% and 80% of the EU population was estimated to have been infected with COVID-19, as the bloc enters a post-emergency phase in which mass reporting of cases was no …
Russian forces pummel Ukrainian fighters holed up in Mariupol steel plant – mayoral aide
(Reuters) – Russian forces were on Wednesday pounding a huge steel works in Mariupol where the southern Ukrainian city’s last defenders and some civilians are holed up, a local official said. Petro Andryushchenko, an aide to the city mayor, said there …