News
Important Only
European Wax Center misses Q2 revenue, beats adjusted net income estimates
OverviewEuropean Wax Center Q2 revenue falls 6.6%, missing analysts' expectationsAdjusted net income rises 5.6%, beating estimates, per LSEG dataAdjusted EBITDA increases 4.7%, surpassing analysts' forecasts, per LSEG dataOutlookCompany sees fiscal 2025 system-wide sales of $940 mln to $950 ...Reuters
Wed, Aug 13
Russia says its stance on Ukraine is unchanged from what Putin set out in June 2024
MOSCOW, Aug 13 (Reuters) - Russia's stance on ending the Ukraine war was set out by President Vladimir Putin in June 2024 and has not changed, Foreign Ministry spokesperson Alexei Fadeev said on Wednesday.Putin at that time demanded a full Ukrainian withdrawal from four regions of the country th...Reuters
Wed, Aug 13
T1 Energy Inc expected to post a loss of 13 cents a share - Earnings Preview
T1 Energy Inc TE.N, TE is expected to show a rise in quarterly revenue when it reports results on August 15 for the period ending June 30 2025The Austin Texas-based company is expected to report revenue of $139.9 million, according to the estimate from one analyst, based on LSEG data.LSEG's ...Reuters
Wed, Aug 13
FOCUS-To stay on weight-loss drugs, US patients cut doses and maybe vacations
U.S. insurers restrict coverage for GLP-1 medicationsPricy drugs Wegovy and Zepbound are weekly injectionsU.S. insurer list prices for them top $1,000 per month By Deena Beasley Aug 13 (Reuters) - Doctors advise most patients on GLP-1 obesity drugs such as Wegovy and Zepbound to stay on them to k...Reuters
Wed, Aug 13
Trump to visit Kennedy Center, announce names of 2025 honorees
Trump plans to renovate the arts venueTrump fired chairman in February and assumed the roleBill introduced to rename Kennedy Center for TrumpBy Andrea Shalal WASHINGTON, Aug 13 (Reuters) - U.S. President Donald Trump will visit the John F. Kennedy Center for the Performing Arts on Wednesday to un...Reuters
Wed, Aug 13
Citadel executive O'Reilly who guided asset growth to retire, memo says
By Svea Herbst-BaylissNEW YORK, Aug 13 (Reuters) - Citadel executive Ed O'Reilly, who helped the hedge fund's assets balloon to $67 billion through his role managing relationships with the firm's global investors, is retiring, according to a memo seen by Reuters.O'Reilly, 57, oversa...Reuters
Wed, Aug 13
ANALYSIS-Just in time? Manufacturers turn to AI to weather tariff storm
Manufacturers use AI to manage supply chain amid tariff volatilityGenerative AI spending for supply chains could reach $55 billion by 2029AI aids in inventory management but isn't a complete solution, experts warnBy Mark Bendeich LONDON, Aug 13 (Reuters) - Manufacturers like U.S. lawnmower ma...Reuters
Wed, Aug 13
FEATURE-Inside the mine that feeds the tech world - and funds Congo’s rebels
By Giulia Paravicini and David Lewis RUBAYA, Democratic Republic of Congo, Aug 13 (Reuters) - Under the watchful eye of M23 rebels in the hills around the Congolese town of Rubaya, a line of men in rubber boots ferry sacks full of crushed rocks up winding paths cut into the slopes.The laborers ar...Reuters
Wed, Aug 13
Air Canada flight attendants set 72-hour strike deadline for pay deal
Aug 13 (Reuters) - The Canadian Union of Public Employees, representing more than 10,000 Air Canada AC.TO cabin crew, on Wednesday gave the airline a 72-hour deadline to reach a pay deal or face strike, hours after the carrier asked sought federal government intervention.The strike is set to begin a...Reuters
Wed, Aug 13
Antares 1274 net combined ratio deteriorates to 96.3% for H1 2025
By Michael JonesAug 13 - (The Insurer) - Antares Syndicate 1274 has reported a net combined ratio of 96.3% for the first half of 2025, the syndicate said on Wednesday.This was a deterioration of 8.6 percentage points on the net combined ratio of 87.7% it disclosed for H1 2024.The syndicate reported ...Reuters
Wed, Aug 13
Nephila Syndicate 2358's 2023 YoA profit forecast deteriorates
By Rebecca DelaneyAug 13 - (The Insurer) - Nephila Syndicate 2358 has disclosed a 0.26 percentage point deterioration in the midpoint of its forecast range for the 2023 year of account (YoA), while its 2024 YoA forecast has improved by 1.8 points.For the 2023 YoA, Syndicate 2358 is expected to retur...Reuters
Wed, Aug 13
Davies appoints Barke as CEO of insurance unit
By Navneeta NandanAug 13 - (The Insurer) - UK insurance services firm Davies has promoted Richard Barke as CEO of its insurance solutions division.Steve Crabb, who was previously the CEO of the insurance unit, has been appointed as deputy chairman of the business.He will focus on organically growing...Reuters
Wed, Aug 13
Deals of the day-Mergers and acquisitions
August 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday: ** Israeli software provider Sapiens International said that it will be acquired by Advent International for $2.5 billion in cash, as the U.S. private equity firm ...Reuters
Wed, Aug 13
Samvardhana Motherson Says Well-Positioned To Navigate Evolving Tariffs
Aug 13 (Reuters) - Samvardhana Motherson International Ltd SAMD.NS:WELL-POSITIONED TO NAVIGATE EVOLVING TARIFFSMAJORITY OF OUR SALES IN US ARE USMCA COMPLIANTFOR NON USMCA COMPLIANT PARTS, AGREEMENTS WITH CUSTOMERS TO PASS ON TARIFF COSTS ARE IN PROGRESSReuters
Wed, Aug 13
Russia says Estonia's expulsion of Russian diplomat is a hostile act, Moscow will respond
MOSCOW, Aug 13 (Reuters) - Russian Foreign Ministry spokesperson Alexei Fadeev said on Wednesday that Estonia's expulsion of a Russian diplomat was a hostile act that would prompt a response from Moscow.Estonia is expelling a Russian diplomat over sanctions violations and other crimes against th...Reuters
Wed, Aug 13
Russia says Trump and Putin to discuss 'all the accumulated issues' in bilateral relations
MOSCOW, Aug 13 (Reuters) - U.S. President Donald Trump and Russian President Vladimir Putin will discuss "all the accumulated issues" in bilateral relations when they meet in Alaska on Friday, the Russian Foreign Ministry said.Ministry spokesperson Alexei Fadeev also said that consultations ...Reuters
Wed, Aug 13
Beazley shares drop almost 9% on cut to premium growth outlook
By Ryan HewlettAug 13 - (The Insurer) – Beazley’s share price fell almost 9% in early trading on Wednesday after the London-listed (re)insurer reported a near one-third drop in half-year profit and reduced its written premium growth guidance for the year.Beazley reports 31% drop in half-year profitC...Reuters
Wed, Aug 13
Syrian Kurdish YPG should stop delaying Syria integration, Turkey says
ANKARA, Aug 13 (Reuters) - The Kurdish YPG militia, which spearheads the U.S.-backed Syrian Democratic Forces, should stop playing for time and abide by its integration agreement with the Syrian government, Turkey's Foreign Minister Hakan Fidan said on Wednesday."Turkey will not be comfortab...Reuters
Wed, Aug 13
