Martin Crutsinger, Associated Press | Posted Jul 27th - 6:50am
Orders to U.S. factories for long-lasting manufactured goods fell in June by the largest amount in nearly two years, reflecting a big decline in the volatile category of commercial aircraft. The key category that tracks business investment managed a small gain.
Pharmaceutical company GlaxoSmithKline announced plans Wednesday to invest some 275 million pounds ($360 million) into three plants in Britain, sweeping aside concerns about growth following the country's decision to leave the European Union.
Fiat Chrysler Automobiles raised its revenue forecasts after reporting a 25 percent increase in second-quarter profits as SUV and truck sales offset the impact of slumping demand for passenger cars in North America.
Volkswagen says its global sales rose 5.1 percent in June compared with a year earlier, fueled by gains in China and Europe and bolstering its performance over the year's first half. Deliveries in the U.S. were down significantly.
Britain's economy grew faster than expected in the run-up to the vote to leave the European Union, official figures showed Wednesday — little consolation for a country that is already seeing business activity decline sharply as a result of the referendum's outcome.
In a story on July 26 about Yemen's dialysis centers reaching a breaking point, The Associated Press erroneously reported that Doctors Without Borders said import restrictions in Yemen are caused by the Saudi-led coalition waging war on Yemen's Shiite rebels. While rights groups have attributed Yemen's blockade to the coalition, the group has not directly linked the import restrictions to the coalition.
Air France, facing a strike by cabin crew at the height of the summer vacation season, is warning of pressure on its finances amid concerns about France as a tourist destination after a string of deadly attacks.