Page 2 - M Ml News Today

New Vodafone boss Margherita Della Valle said on Tuesday she would cut 11,000 jobs over three years to simplify the telecoms group and regain its competitive edge as it forecast a 1.5 billion euro drop in free cash flow this year.

Japan's wholesale prices rose 5.8% in April from a year earlier, but the pace slowed for the fourth straight month, data showed on Monday, suggesting that consumer inflation will begin to moderate as cost-push pressures ease.

SAP will deepen collaboration with Microsoft on joint generative AI projects in the field of personnel recruiting, the German software maker announced on Monday.

Man Group will be led by two women for the first time in its history by the end of this year, after the London-listed hedge fund group said its long-standing CEO Luke Ellis will be succeeded by current president Robyn Grew.

ASOS , one of the pioneers of online fashion retailing, swung to a first-half loss, hit by a squeeze on household budgets and forecast a further drop in sales, sending its shares sharply lower.

Turkey's consumer confidence index rose 9.2% to 87.5 points in April, official data showed on Wednesday, resuming an upward trend after a dip to 80.1 points in the previous month.

Quarterly updates from Goldman Sachs and Johnson & Johnson stoked investor worries about the outlook for corporate earnings.

Egypt's annual urban consumer inflation rate in March climbed to 32.7% year-on-year, just shy of an all-time record, from 31.9% in February, data from the country's statistics agency CAPMAS showed on Monday.

British house prices rose for a third month in a row in March, representing a further calming of the market after the turmoil sparked by former Prime Minister Liz Truss's "mini-budget" last September, data from mortgage lender Halifax showed.

U.S. consumer sentiment fell for the first time in four months in March as consumers worried increasingly that a recession is coming, although the turmoil in the banking system has yet to resonate extensively among American households, a survey released on Friday showed.