(Reuters) - AutoZone beat estimates for third-quarter profit on Tuesday, driven by strong demand for automotive parts as more Americans held on to their ageing cars amid higher prices and wait times for newer models.
Quarterly net sales at the auto parts supplier, which competes with Advance Auto Parts and O'Reilly Automotive, rose 3.5% to about $4.24 billion.
Analysts on average were expecting AutoZone to report third-quarter net sales... (continue reading...)
OSLO (Reuters) - Finland's Market Court has rejected German gun maker Heckler & Koch's complaint over the Finnish government's direct arms purchase from a local manufacturer, according to a ruling on Tuesday.
The German company had accused Finland of breaching competition rules with a ten-year agreement, made jointly with Sweden, to buy assault rifles and other handguns from the Finnish arms maker Sako Ltd, owned by Italy's Beretta.
"The... (continue reading...)
By Parisa Hafezi
DUBAI (Reuters) - Thousands of Iranians turned out to mourn President Ebrahim Raisi in the city of Tabriz on Tuesday, after he was killed in a helicopter crash near the Azerbaijan border at the weekend along with his foreign minister and seven others.
State TV broadcast live images of mourners, many of them dressed in black, beating their chests while a truck covered in white flowers carrying the caskets wrapped in the... (continue reading...)
By Indradip Ghosh
BENGALURU (Reuters) - German home prices will see a far shallower decline this year than in 2023 as borrowing costs are expected to fall, according to analysts polled by Reuters who said the supply of affordable homes would remain short of demand.
Hit by the worst real estate crisis in decades, average home prices in Germany have dropped nearly 13% from their peaks in the second quarter of 2022 and declined over 8% last... (continue reading...)
By Bart H. Meijer and Stephanie van den Berg
AMSTERDAM (Reuters) - A panel of independent experts including human rights lawyer Amal Clooney backed the ICC prosecutor's decision to request arrest warrants for Israeli and Hamas leaders over the Gaza war as "a historic step for victims" of the conflict.
International Criminal Court prosecutor Karim Khan said on Monday he had requested warrants for Israeli Prime Minister Benjamin Netanyahu,... (continue reading...)
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