Third-quarter GDP growth raised to 5.2% rate from 4.9%Consumer spending revised lowerCorporate profits increase 4.3%WASHINGTON, Nov 29 (Reuters) - The...
VIENNA/FRANKFURT, Nov 29 (Reuters) - Property and retail giant Signa declared insolvency on Wednesday after last-ditch attempts to secure fresh funding failed, making it the biggest casualty so far of Europe's property crash.Controlled by Austrian magnate Rene Benko, the group is an owner of New York's Chrysler Building as well as several high-profile projects and department stores across Germany, Austria and Switzerland.The multi-billion-euro group, whose tentacles reach from Germany's best-known department store, Berlin's KaDeWe, to the country's top high-street chain Galeria and a skyscraper project, is set to send ripples...
Finnish company KONE flag flutters at their headquarters in Espoo, Finland July 17, 2018. REUTERS/Ints Kalnins Acquire Licensing RightsFinnish industrials...
European Union flags fly outside the European Commission in Brussels, Belgium, November 8, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsLONDON,...