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All 31 workers escape uninjured after tunnel collapse in Los Angeles, officials say
By Gnaneshwar Rajan and Shubham KaliaJuly 9 (Reuters) - All 31 workers escaped without injuries from a collapsed industrial tunnel in Los Angeles' Wilmington area, after scrambling over a tall pile of loose underground soil, city officials said late on Wednesday.The trapped workers were shuttled...Reuters
Thu, Jul 10
Blackstone and Legal & General agree private credit tie-up
By Iain Withers LONDON, July 10 (Reuters) - British insurer Legal & General LGEN.L has entered a private credit partnership with Blackstone BX.N, the companies said in a statement on Thursday, becoming the latest finance firm to bulk up in the booming market of investors lending to companies....Reuters
Thu, Jul 10
Uniqlo operator Fast Retailing 9-month profit rises 12.2%
TOKYO, July 10 (Reuters) - Japan's Fast Retailing 9983.T, owner of the Uniqlo clothing brand, on Thursday posted a 12.2% rise in nine-month operating profit. Operating profit was 451 billion yen ($3.08 billion) in the nine months to May 31, against the consensus forecast of 458 billion yen, b...Reuters
Thu, Jul 10
Exclusive: Former Rethink CEO Prince partners with Artificial Labs to launch smart-follow MGA
Augmented to use AI-enhanced algorithmic underwriting for digital broker-carrier relationshipsAugmented targets property and terrorism, plans broader build-out through 2026Focus on broker-insurer relationship, not creating new marketplace, says PrinceBy Ryan HewlettJuly 10 - (The Insurer) - Former R...Reuters
Thu, Jul 10
Dp Poland Says Record Monthly Sales In May And June, 4.9% Ytd Increase
July 10 (Reuters) - DP Poland PLC DPP.L:TRADING UPDATEPLEASED WITH GROUP'S SALES PERFORMANCE AND STRATEGIC PROGRESS IN H1, AND WE LOOK FORWARD TO AN EXCITING SECOND HALF OF YEAR AND BEYONDRECORD MONTHLY SALES IN MAY AND JUNE, 4.9% YTD INCREASEReuters
Thu, Jul 10
Japan's Seven & i says profit rose 9.7% in Q1
TOKYO, July 10 (Reuters) - Japan's Seven & i Holdings 3382.T said on Thursday operating profit rose 9.7%% in the March to May quarter, beating analyst estimates. Profit was 65.1 billion yen ($445.19 million). That compared with an estimate of 58 billion yen from six analysts polled by LSEG. ...Reuters
Thu, Jul 10
Grafton Group Says Despite Macroeconomic Uncertainty, Medium-Term Outlook Remains Positive
July 10 (Reuters) - Grafton Group PLC GFTU_u.L:TRADING UPDATEH1 REVENUE £1.25 BILLION, UP 10.1% FROM 2024DESPITE MACROECONOMIC UNCERTAINTY, MEDIUM-TERM OUTLOOK REMAINS POSITIVEWE ARE NOT EXPECTING A SIGNIFICANT INCREASE IN VOLUMES THIS YEARMANAGEMENT TEAMS CONTINUE TO ACTIVELY MANAGE GROSS MARGIN &a...Reuters
Thu, Jul 10
Ofcom Sets Royal Mail New Backstop Delivery Targets To Protect People From Long Delays
July 10 (Reuters) - Ofcom: OFCOM - OFCOM: REFORMING THE POSTAL SERVICEOFCOM: SETS ROYAL MAIL NEW BACKSTOP DELIVERY TARGETS TO PROTECT PEOPLE FROM LONG DELAYSOFCOM: CHANGES MADE TO SECOND CLASS LETTER DELIVERIES TO PROTECT UNIVERSAL SERVICEOFCOM: TO REVIEW AFFORDABILITY OF POST AMID CONCERNS OVER ST...Reuters
Thu, Jul 10
Northcoders Group Reduces Annualised Fixed Costs By 3.25 Mln Stg
July 10 (Reuters) - Northcoders Group PLC CODE.L:NORTHCODERS GROUP - GOVERNMENT FUNDING AND TRADING UPDATENORTHCODERS GROUP PLC - REVENUE AND PROFITABILITY EXPECTED TO BE UNPREDICTABLE FOR REMAINDER OF YEARNORTHCODERS GROUP PLC - REGIONAL AUTHORITIES DELAY FUNDING ALLOCATIONS, NO CANCELLATIONS REPO...Reuters
Thu, Jul 10
Ukraine's Zelenskiy to hold more meetings with US officials in Rome
KYIV, July 10 (Reuters) - Ukraine's President Volodymyr Zelenskiy will hold more meetings with U.S. officials on Thursday at a conference dedicated to Ukraine's recovery, its foreign minister said. "The main focus will be on sanctions policy and the adoption of the next package of U.S. s...Reuters
Thu, Jul 10
Ofwat Proposes 24 Mln Stg Enforcement Package On South West Water
July 10 (Reuters) - OFWAT: OFWAT: PROPOSES £24 MILLION ENFORCEMENT PACKAGE ON SOUTH WEST WATER FOR FAILURES IN MANAGING ITS WASTEWATER TREATMENT WORKS AND NETWORKOFWAT: SOUTH WEST WATER HAS RECOGNISED ITS FAILURES AND IS TAKING STEPS TO PUT IT RIGHTFurther company coverage: [ ]Reuters
Thu, Jul 10
UK regulator proposes $33 million enforcement on South West Water
July 10 (Reuters) - British water regulator Ofwat said on Thursday that it has proposed a 24-million-pound ($32.7 million) enforcement package on South West Water for "failures in managing its wastewater treatment works and network".Pennon PNN.L, which owns the South West Water utility, said...Reuters
Thu, Jul 10
India trade team to visit US soon to continue talks, trade ministry source says
NEW DELHI, July 10 (Reuters) - A delegation from India is expected to visit the United States soon to continue trade talks, aiming to conclude an initial deal by fall 2025, an Indian trade ministry source said on Thursday.Reuters
Thu, Jul 10
Kraft Heinz Announces Agreement To Sell Italian Baby & Specialty Food Business To Italy’S Newprinces Group
July 10 (Reuters) - Kraft Heinz Co KHC.O:KRAFT HEINZ ANNOUNCES AGREEMENT TO SELL ITALIAN BABY AND SPECIALTY FOOD BUSINESS TO ITALY’S NEWPRINCES GROUPKRAFT HEINZ CO - ENTERS CONSULTATION PERIOD WITH ITALIAN UNIONSKRAFT HEINZ CO - NEWPRINCES TO PURCHASE PLASMON, NIPIOL, DIETERBA BRANDSKRAFT HEINZ CO -...Reuters
Thu, Jul 10
Ukraine to launch Starlink mobile internet in 2026, becoming Europe's first, Kyivstar says
Operator Kyivstar to launch Starlink mobile services in mid-2026Kyivstar aims to foster new business ties for UkraineHopes to finalise U.S. listing in third quarter of 2025By Angelo Amante and Gianluca Lo Nostro ROME, July 10 (Reuters) - Ukraine will become the first European nation to offer Star...Reuters
Thu, Jul 10
TSMC second-quarter sales rise 38.6% y/y, beat forecasts
Q2 revenue ahead of forecastsCompany to report Q2 earnings on July 17TAIPEI, July 10 (Reuters) - TSMC 2330.TW, the world's largest contract chipmaker, reported on Thursday second-quarter revenue of T$933.80 billion ($31.9 billion), beating market forecasts, as demand for the company's produc...Reuters
Thu, Jul 10
Sri Lanka's apparel industry alarmed by US tariff of 30%, hopes for cut
COLOMBO, July 10 (Reuters) - Distress is in store for Sri Lanka's garments sector if the island nation is unable to clinch a tariff lower than the 30% figure U.S. President Donald Trump has clamped on imports from Colombo, a top industry body warned on Thursday.Reuters
Thu, Jul 10
