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Net losses of more than 12 billion euros in the first half for the German Uniper

Uniper posted net losses of more than 12 billion euros in the first half of 2022, with the now German state-backed utility providing a prime example of the depth of Europe's energy crisis. Russia has sharply cut...

American Airlines bets on supersonic travel – Agreement with Boom to acquire 20 jets

American Airlines reached an agreement with Boom Supersonic to buy up to 20 supersonic jets on Tuesday, making it the second major U.S. airline to bet on superfast air travel in the past two years. The deal...

Amazon levies extra commission on merchants for the holiday season at the mercy of inflation

In yet another effort to combat rising inflationary pressures, Amazon plans to increase during the holiday season the commissions it charges merchants who sell their products through its platform, passing on some of the increased costs...

Walmart: Quarterly results beat expectations – Keeps guidance unchanged for the second half

Sales rose more than 8% in the second quarter and maintained guidance for the second half, Walmart said Tuesday, but saw some consumers turn to discount stores for essential consumer items. The company's stock was up 4%...

Home Depot: Better-than-expected Q2 revenue and profit

Home Depot's revenue and earnings beat market expectations, according to results the company reported Tuesday, driven by steady demand for home improvement items from professional builders and handymen. In particular, Home Depot's net sales climbed 6.5% to...

Meituan: $24 billion Tencent stake up for sale – 10% stock plunge

China's Tencent plans to sell all or most of its $24 billion stake in food delivery company Meituan to comply with domestic regulatory requirements and liquidate an eight-year investment, four people familiar with the matter told...