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Deliveroo Slashes Revenue Outlook, UK Consumers Cut Spending

2022 revenue growth forecast at 412 Previous guidance was 1525 Maintains margin guidance Shares down 3 LONDON, July 18 Reuters British food delivery company Deliveroo on Monday slashed its fullyear revenue guidance, as consumers trim their spending amid a worsening cost of living crisis. Shares in Deliveroo, which have lost more than three quarters of their […]
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Netflix Back Up after Streaming Issues

July 15 Reuters Netflix Inc39;s streaming service was back up after facing a more than hourandahalf long disruption across all devices, the company said on Friday. There were thousands of reports of an outage from countries including the United States, France and India on Downdetector, which collates status reports from a number of sources. Netflix had […]
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Disneys ESPN to Hike Monthly Subscription by 3

July 15 Reuters Walt Disney Co plans to raise the monthly subscription fee for its sports streaming platform ESPN by 3 a month, a 43 hike, the company said on Friday. The price of an ESPN subscription will rise to 9.99 per month starting Aug. 23, while the cost of an annual subscription will go up […]
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Asset Manager GAM Warns on Profit Citing Market Turbulence

ZURICH, July 18 Reuters GAM Holding expects to post a loss for the first half of 2022, the Swiss asset manager said on Monday, citing turbulent global markets and investor caution which reduced its assets under management. The company expects to report an underlying loss before tax of about 15 million Swiss francs 15.4 million compared […]
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U.S.Consumers Inflation Expectations Ease in July U. Mich

July 15 Reuters U.S. consumers tempered their inflation expectations in July alongside a sharp drop in gasoline prices over the past month, a development likely to be welcomed by Federal Reserve officials worried that expectations for high inflation could become embedded and complicate their task of reining in price increases. The University of Michigan39;s preliminary […]
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China June Industrial Output Rises 3.9

BEIJING, July 15 Reuters China39;s industrial output grew 3.9 in June from a year earlier, quickening from a 0.7 rise in May, official data showed on Friday, as activity began to recover from months of crippling COVID lockdowns. The expansion was weaker than a 4.1 increase that analysts had forecast in a Reuters poll. Retail […]
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Chinas Economy Brakes Sharply in Q2, Risks Darken Outlook

China39;s Q2 GDP shrinks from Q1, YY growth slows sharply Widespread COVID lockdowns hammer industrial activity, demand June shows bounce in activity, but global risks darken outlook Fresh COVID flareups, Ukraine War, global rate hikes heap pressure Analysts expect full year GDP growth to lag govt target of 5.5 BEIJING, July 15 Reuters China39;s economic […]
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China Raises LoanSupport Efforts for Developers amid Mortgage Boycott

SHANGHAIBEIJING, July 18 Reuters Chinese regulators stepped up efforts to encourage lenders to extend loans to qualified real estate projects as the beleaguered property sector faced fresh risks from a widening mortgagepayment boycott on unfinished houses. The China Banking and Insurance Regulatory Commission CBIRC told the official industry newspaper on Sunday that banks should meet […]
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Microsoft President sees new Era of Stagnating Labor Pool

REDMOND, Wash., July 18 Reuters U.S. companies are facing a new era in which fewer people are entering the workforce and pressure to pay higher salaries may become permanent, Microsoft Corp39;s President Brad Smith told Reuters in an interview. At the software maker39;s Redmond, Washington, headquarters, Smith highlighted one source of what he called today39;s greater […]
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