BUSINESS

Sony trims annual profit forecast after Bungie purchase

European shares rose on Friday and logged their first monthly gain in four as a host of strong earnings from corporate Europe overshadowed fears of a global recession, with some strong economic data also lending support.

Mystical water underworld of past empires reopens in Istanbul

Tug-of-war: Ukraine celebrates its tank-towing farmers

Luxury British carmaker Bentley's first-half operating profit more than doubled, boosted by increased customisation of cars as sales rose significantly in Europe and Britain despite ongoing global economic uncertainty.

Japan's Sumitomo Mitsui Financial Group Inc reported a bigger-than-expected increase in first-quarter net profit thanks to improved economic conditions, while higher credit costs weighed on rival Mizuho Financial Group Inc.

British Airways-owner IAG on Friday returned to profit for the first time since the outbreak of the COVID-19 pandemic as demand for European flights between April and June boosted its battered finances.

Hustling in Lagos to 'survive in hell'

Investors and policymakers should welcome the Federal Reserve's changing tack to provide less definitive signals on forward guidance, even as markets scramble to guess the U.S.

AstraZeneca said it expected prescriptions of its Evusheld injection to protect against COVID-19 to drive sales growth of more than 20% after the company on Friday posted second-quarter profit that topped analyst expectations.

Japan's Sony Group Corp on Friday trimmed its full-year profit forecast due to an expected weaker performance at its key gaming unit, which posted a steep drop in first-quarter operating profit as consumer interest in gaming waned.

Sony Group Corp trimmed its profit forecast on Friday after a weak first quarter for its PlayStation business, which it blamed on waning consumer interest due to a lack of new games and an easing of COVID-19 constraints dampening stay-at-home gaming.

Russia's Sakhalin Energy Investment Co has asked its liquefied natural gas (LNG) customers to pay for supplies via a Moscow unit of a European bank, a source familiar with the matter told Reuters on Friday.

Apple boss Tim Cook blamed the drop in Greater China revenue on strict lockdowns in Chinese cities, which forced millions to stay home and hammered the Chinese economy.

Ray-Ban parent EssilorLuxottica saw sales growth slow in North America in its latest quarter, raising concerns about its exposure to recession in the United States and offsetting an improvement in its operating margin.

Air France-KLM on Friday lowered its third-quarter capacity forecast citing operational difficulties at airports that could weigh on its performance.

Air France-KLM downgraded on Friday its capacity forecast for the third quarter, citing operational difficulties at airports that could weigh on the group's performance.

Air France-KLM's quarterly earnings beat market expectations on Friday as demand surged for summer travel despite continuing operational issues in the airports sector.

Air France-KLM's quarterly earnings beat market expectations on Friday as demand surged for summer travel despite continuing operational issues in the airports sector.

Ben & Jerry's and its parent company Unilever Plc did not reach an out-of-court agreement on a dispute over the sale of the ice cream maker's Israeli business to a local licensee, a source with direct knowledge said, sending the issue back to a federal judge.

French bank BNP Paribas reported better-than-expected profit in the second quarter, after bad loan provisions dipped despite the economic slowdown and as businesses remained buoyant, particularly in its investment banking division.

French bank BNP Paribas reported better than expected profit in the second quarter after bad loan provisions dipped and business remained buoyant in both investment and retail banking, amid torrid global markets and an economic slowdown.

Mexican state oil company Pemex expects to post a rare annual profit this year, with two consecutive quarters already in the black and a boost to crude output from new fields, Chief Executive Octavio Romero told Reuters.

By Selena LiHONG KONG - China's well-heeled financial dealmakers are getting a crash course in austerity with pay cuts and perks reined in, as their state-owned employers respond to Beijing's "common prosperity" drive, eight people with knowledge of the matter said.

Instagram sidelines TikTok-like features following complaints

Asian stocks were mixed on Friday as fresh concerns about Chinese growth trumped any fillip regional markets received from brisk Wall Street earnings and some tempering of more aggressive expectations about U.S.

Finns call for halt to 'unbearable' Russian tourism

Demolition looms for historic Shanghai neighbourhood

The recalled products reportedly comply with U.K. regulations, which are not the same as those in North America.