By Javi West Larrañaga and Marleen Kaesebier
(Reuters) -The outlook for European corporate health has slightly improved, the latest earnings forecasts showed on Tuesday, despite continued uncertainty over global trade and the European Union preparing for counter-measures against any major U.S. tariffs.
European companies are expected to report a drop of 0.3% in second-quarter earnings, on average, according to LSEG I/B/E/S data. That is... (continue reading...)
(Reuters) -A Bangladesh Air Force fighter jet on a routine training mission crashed into a college and school campus in the capital Dhaka on Monday after what the military said was a mechanical failure. At least 31 people were killed, most of them children.
Here's what we know about the F-7 BGI jet that went down:
WHAT ARE F-7/J-7 FIGHTER JETS?
The F-7 BGI, which crashed soon after take-off, is a lightweight fighter jet, the... (continue reading...)
By Sarah Marsh and Andreas Rinke
BERLIN (Reuters) -German Chancellor Friedrich Merz is under pressure to take a firmer stance towards Israel, with members of his own coalition calling for Berlin to join a statement by dozens of Western nations condemning the "inhumane killing" of Palestinians.
Merz, who leads Germany's centre-right CDU, has been increasingly critical of Israel. But Germany was notably absent from the joint statement issued on... (continue reading...)
By Nqobile Dludla
JOHANNESBURG (Reuters) -Stellantis plans to sell Chinese-branded electric vehicles developed by its partner Leapmotor in South Africa starting with the C10 from September, the company said on Tuesday.
The C10 is an electric SUV with a petrol engine used purely to charge the battery. More Leapmotor models are expected to be launched next year, including fully electric models, Mike Whitfield, managing director of Stellantis... (continue reading...)
(Reuters) -Marlboro-maker Philip Morris International (PMI) on Tuesday reported second-quarter revenue behind expectations as cigarette sales slipped and shipments of its ZYN nicotine pouches fell short of forecasts.
Shares in the world's largest tobacco company by market capitalisation dropped about 5% in premarket trading.
PMI has been faster than its peers to transition from traditional tobacco products to smoking alternatives, such as... (continue reading...)
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