Frankfurt, Germany – Companies across the Euro zone are voicing concerns over a decelerating economy and the growing competitive pressure from China, according to a recent poll conducted by the European Central Bank (ECB). The survey, which gathered insights from 72 large firms in the euro area between June 23 and July 2, indicates a…
Stockholm, Sweden – Loomis AB (STO:LOOMIS), a leading cash handling company, saw its stock price climb by 9% after announcing a robust financial performance for the second quarter. The company reported a significant 21% increase in net income, reaching SEK 478 million, while its operating margin hit a record high of 12.7%. Despite a 3%…
Wolfsburg, Germany – Volkswagen Group has revised its financial forecast for 2025, anticipating a challenging year ahead after reporting a substantial 33% decline in its first-half operating profit and a negative cash flow in its core automotive division. The German automaker now expects its 2025 revenue to remain flat, a significant reduction from its earlier…
U.S. home sales continued their downward trend in June, marking the fourth consecutive month of falling transactions, while the national median sales price reached a record $413,000, according to the National Association of Realtors. The cooling housing market reflects the impact of rising mortgage rates and persistent inflation on buyer affordability. US Home Sales Fade…
