Business

Schindler forecasts modest 2026 revenue growth amid China pressure

Wednesday, February 11 by SRN News

Feb 11 (Reuters) - Swiss lift and escalator maker Schindler said it expects 2026 revenue to grow by low- to mid-single digits in local currencies, anticipating recovering new installations in key markets to offset tariff impacts and pressure in China. Fourth-quarter sales of 2.79 billion... Read More.

Heineken to cut up to 6,000 jobs as beer demand falters

Wednesday, February 11 by SRN News

By Emma Rumney LONDON, Feb 11 (Reuters) - Heineken on Wednesday said it would cut up to 6,000 jobs from its global workforce and set lower expectations for profit growth in 2026 than a year earlier, as the Dutch brewer and its peers grappled with... Read More.

Siemens Energy profit nearly triples on AI-driven demand for gas turbines, grids

Wednesday, February 11 by SRN News

By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF, Feb 11 (Reuters) - Siemens Energy on Wednesday said net profit nearly tripled in the first three months of its fiscal year, boosted by AI-driven demand for gas turbines and grid equipment as well as a narrower loss... Read More.

Activist investor Elliott builds stake in LSEG, source says

Wednesday, February 11 by SRN News

By Charlie Conchie Feb 11 (Reuters) - Activist investor Elliott has built a stake in the London Stock Exchange Group and is engaging with the company to drive performance, a person familiar with the matter told Reuters on Wednesday. Shares in LSEG... Read More.

Iran’s president apologizes over crackdown as nation marks 1979 Islamic Revolution anniversary

Wednesday, February 11 by SRN News

DUBAI, United Arab Emirates (AP) - Iran marked the 47th anniversary of its 1979 Islamic Revolution on Wednesday as the country's theocracy remains under pressure, both from U.S. President Donald Trump who suggested sending another aircraft carrier group to the Middle East and a... Read More.

CEO of Boston Dynamics to step down, as Hyundai’s robot strategy in focus

Wednesday, February 11 by SRN News

By Heejin Kim and Jihoon Lee SEOUL, Feb 11 (Reuters) - Robert Playter, chief executive of Hyundai Motor Group's robot affiliate Boston Dynamics is stepping down, the Waltham, Massachusetts-based company said on its X account. Shares of Hyundai Motor rallied 5.9% in Seoul trading... Read More.

Factbox-European companies cut jobs in response to slowing economy

Wednesday, February 11 by SRN News

Feb 11 (Reuters) - Several European companies have frozen hiring or cut jobs over the past year, citing difficult economic conditions exacerbated by U.S. tariffs. Here are some of the companies that announced layoffs: CAR AND CAR PARTS MAKERS * BOSCH: The German home appliance manufacturer will... Read More.

Exclusive-India sticks to e-cigarette ban in snub for Philip Morris

Wednesday, February 11 by SRN News

By Aditya Kalra and Emma Rumney NEW DELHI/LONDON, Feb 11 (Reuters) - India has ruled out relaxation of a ban on e-cigarettes that would have allowed heat-not-burn tobacco products, dealing a blow to a lengthy private lobbying campaign by Philip Morris International for New Delhi... Read More.

EU’s Von der Leyen reaffirms urgent need to simplify regulations in Europe

Wednesday, February 11 by SRN News

BRUSSELS, Feb 11 (Reuters) - The European Union must simplify its regulations on companies doing business in the region in order to make the bloc more competitive against the likes of the United States and China, European Commission President Ursula von der Leyen said... Read More.

Analysis-For Swatch, the clock is ticking on strategy overhaul

Wednesday, February 11 by SRN News

By Alessandro Parodi and Bernadette Hogg Feb 11 (Reuters) - Swatch needs to revive innovation, slim its brand portfolio and overhaul governance if the Swiss watchmaker is to reverse years of falling profits and rebuild investor confidence. The company last week proposed adding Swiss businessman Andreas... Read More.

Current Weather

Schindler forecasts modest 2026 revenue growth amid China pressure

Heineken to cut up to 6,000 jobs as beer demand falters

Siemens Energy profit nearly triples on AI-driven demand for gas turbines, grids

Activist investor Elliott builds stake in LSEG, source says

Iran’s president apologizes over crackdown as nation marks 1979 Islamic Revolution anniversary

CEO of Boston Dynamics to step down, as Hyundai’s robot strategy in focus

Factbox-European companies cut jobs in response to slowing economy

Exclusive-India sticks to e-cigarette ban in snub for Philip Morris

EU’s Von der Leyen reaffirms urgent need to simplify regulations in Europe

Analysis-For Swatch, the clock is ticking on strategy overhaul

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