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BMW sees full-year drop in output amid volatile second half

By Victoria Waldersee BERLIN (Reuters) – BMW warned on Wednesday of a highly volatile second half as challenges from inflation and gas shortage fears to ongoing supply chain bottlenecks weighed.

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Nintendo Switch sales slump on chip shortage

By Sam Nussey TOKYO (Reuters) -Japan’s Nintendo Co Ltd (TYO:7974) sold 23% fewer Switch (NYSE:SWCH) consoles in the April-June quarter than a year earlier following chip shortages, it said on Wednesday. The.

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NortonLifeLock-Avast $8.6 billion deal wins provisional UK approval

(Reuters) -Britain’s competition regulator said on Wednesday it has provisionally cleared NortonLifeLock (NASDAQ:NLOK)’s $8.6 billion purchase of rival Avast Plc, the final hurdle to the two firms creating a consumer.

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Commerzbank sees energy and growth ‘clouds’ after Q2 profit beat

By Tom Sims and Marta Orosz FRANKFURT (Reuters) – Germany’s Commerzbank (ETR:CBKG) swung on Wednesday to a bigger-than-expected second-quarter net profit, helped by higher interest rates and commission income, and.

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Billionaire Lo weighs adding to Formula One investments after Williams

By Carolyn Cohn and Selena Li LONDON/HONG KONG (Reuters) – Hong Kong-based billionaire Calvin Lo is considering putting more money into Formula One following his connection with F1 team Williams,.

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Just Eat reports shrinking core loss, maintains profitability forecasts

AMSTERDAM (Reuters) – Just Eat Takeaway.com, Europe’s largest meals delivery company, reported a smaller core loss for the first half of 2022 and revenue just below analysts’ forecasts. Revenue came.

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Factbox-Economic sanctions China has imposed on Taiwan over Pelosi visit

BEIJING (Reuters) – China on Wednesday suspended exports of natural sand to Taiwan and halted imports of fruit and fish products from the self-governed island as U.S. House of Representatives.

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Insurer AXA announces new share buyback as H1 net profits edge higher

PARIS (Reuters) -French insurer AXA announced a new share buyback programme as it posted a 3% rise in first-half net profit, thanks to higher revenues from areas such as health.

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Toyota likely to post lower Q1 profit as production woes cast shadow

By Satoshi Sugiyama TOKYO (Reuters) – Toyota Motor (NYSE:TM) Corp is expected to report a double-digit drop in first-quarter profit this week, as a chip shortage and supply-chain woes forced the world’s.

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Asian Stocks Recover, China and Taiwan lag on Political Tensions

By Ambar Warrick  Investing.com– Most Asian stocks recovered slightly from recent losses on Wednesday, while bourses in Taiwan and China remained pressured by a potential standoff between Beijing and Washington.  Taiwan’s.

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