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German Companies Report Least Material Shortages Since April 2021

German Companies Report Least Material Shortages Since April 2021

Material shortages faced by Germany's manufacturers continued to ease in February to its lowest level since early 2021, survey data from the ifo institute showed Monday. In February, 45.4 percent of the companies surveyed reported problems with securing materials, which was the lowest level since April 2021. In January, the figure was 48.4 percent.
RTTNews | 943 days ago
Cisco's Webex To Transform Mercedes-Benz E Class Cars Into Home Office

Cisco's Webex To Transform Mercedes-Benz E Class Cars Into Home Office

Cisco Systems, Inc. is teaming with German auto major Mercedes-Benz to provide an optimal mobile office experience in its new E Class vehicles. Cisco said its partnership with Mercedes-Benz, which was announced at Mobile World Congress, will transform the car into a home office at the present era of hybrid work and connected vehicles.
RTTNews | 943 days ago
Australian, NZ Dollars Fall On Fed Concerns

Australian, NZ Dollars Fall On Fed Concerns

The Australian and NZ dollars declined against their major counterparts in the Asian session on Monday, as strong U.S. personal consumption expenditures data stoked fears of higher rates from the Federal Reserve.
RTTNews | 943 days ago
European Shares Gain Ahead Of Consumer Confidence Data

European Shares Gain Ahead Of Consumer Confidence Data

European stocks opened on a strong note Monday, after having suffered their worst weekly performance this year last week on concerns the Federal Reserve will keep raising rates to tame inflation.
RTTNews | 943 days ago
FTSE 100 Gains On Earnings

FTSE 100 Gains On Earnings

U.K. stocks opened higher on Monday, as upbeat earnings updates from the likes of Associated British Foods and Bunzl helped offset worries of further rate hikes by the U.S. Federal Reserve.
RTTNews | 943 days ago
CAC 40 Rebounds Ahead Of Consumer Confidence Data

CAC 40 Rebounds Ahead Of Consumer Confidence Data

French stocks bounced back on Monday after seeing heavy losses in the previous session on worries about inflation and the impact of higher interest rates on global growth.
RTTNews | 943 days ago
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DAX Gains After Friday's Selloff

DAX Gains After Friday's Selloff

German stocks traded higher on Monday after suffering heavy losses in the previous session on concerns the Federal Reserve will keep raising rates to tame inflation.
RTTNews | 943 days ago
Asian Shares Retreat On Fed Worries

Asian Shares Retreat On Fed Worries

Asian stocks declined on Monday as hot inflation data from the United States stoked concerns the Federal Reserve may prolong its rate tightening cycle.
RTTNews | 943 days ago
Airbus Says Pacific Region To Need 920 New Aircraft In Next 20 Years

Airbus Says Pacific Region To Need 920 New Aircraft In Next 20 Years

European plane maker Airbus SE, in its latest study of future demand, stated that airlines based in the Pacific region will need delivery of 920 new aircraft over the next 20 years. Globally, Airbus forecasts demand for 39,490 new aircraft over the next 20 years, including 17,620 in the wider Asia-Pacific region.
RTTNews | 943 days ago
European Economic News Preview: Eurozone Economic Confidence Data Due

European Economic News Preview: Eurozone Economic Confidence Data Due

Economic sentiment survey results and monetary aggregates from the euro area are the top economic news due on Monday, headlining a light day for the European economic news. At 2.00 am ET, Statistics Norway releases retail sales and household consumption data for January. Also, retail sales figures are due from Sweden.
RTTNews | 943 days ago
European Shares Seen Opening Little Changed In Lackluster Trade

European Shares Seen Opening Little Changed In Lackluster Trade

European stocks are seen opening largely unchanged on Monday, after having suffered heavy losses in the previous session on worries over further rate rises from the Federal Reserve to combat inflation in the world's largest economy.
RTTNews | 943 days ago
FDA Authorizes First At-Home Test To Detect Flu And COVID-19

FDA Authorizes First At-Home Test To Detect Flu And COVID-19

The U.S. Food and Drug Administration has approved the first over-the-counter or OTC at-home diagnostic test to detect both influenza and COVID-19 viruses. The decision is part of its efforts to increase the availability of home diagnostic tests. In a statement, the agency said it has issued an emergency use authorization or EUA for Lucira Health, Inc.'s Lucira COVID-19 & Flu Home Test.
RTTNews | 943 days ago

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