China will closely monitor risks of local financing platforms-state asset regulator

BEIJING (Reuters) – China will closely monitor risks of local financing platforms, and fend off risks surrounding the real estate sector, the state asset regulator said on Thursday. China will continue to locate more state-owned funds into key industries and sectors, the state-owned Assets Supervision and Administration Commission said. (Reporting by Meg Shen and Ella …

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Russian car sales down 58.8% in 2022 as sanctions hit industry hard

MOSCOW (Reuters) -Car sales in Russia collapsed by 58.8% in 2022, the Association of European Businesses (AEB) said on Thursday, as the industry reels from the impact of Western sanctions on Moscow. Several Russian auto makers suspended production for periods of last year as the industry struggled to source parts and establish new supply chains …

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French gas operator GRTgaz seeks interest in building hydrogen pipeline

PARIS (Reuters) – French gas transmission system operator GRTgaz on Thursday opened a Call for Interest, or invitation to participate, to determine the viability of building a hydrogen transport pipeline linking the French side of the Franco-Spanish pipeline BarMar with a local storage facility. The BarMar project is set to connect Spain and France by …

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Gartner – PC-Absatz Ende 2022 mit Rekordeinbruch

Frankfurt (Reuters) – Der von der Coronavirus-Pandemie ausgelöste Boom bei Laptops und Desktop-PCs ist vorbei. Im vierten Quartal 2022 fiel der weltweite Absatz vorläufigen Berechnungen zufolge um 28,5 Prozent auf 65,3 Millionen Einheiten, wie eine am Donnerstag veröffentlichte Erhebung der Beratungsfirma Gartner ergab. Dies sei der größte Einbruch seit Beginn der Datenreihe Mitte der 1990er …

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India’s Cyient reports strong Q3 revenue as acquisitions pay off

BENGALURU (Reuters) – Indian engineering and tech firm Cyient Ltd on Thursday reported a better-than-expected 37% jump in quarterly revenue on the back of a slew of acquisitions that helped counter a weak demand in an uncertain economic environment. The Hyderabad-based company benefited from the four acquisitions it did last year, including its largest ever …

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DER Touristik in advanced talks to take over rival FTI – Handelsblatt

BERLIN (Reuters) – Germany’s tour operator DER Touristik, a unit of retail group REWE, is in advanced negotiations regarding a takeover of Munich-based rival FTI, daily Handelsblatt reported on Thursday citing people familiar with the transaction. A precondition for the deal would be a massive cut of FTI’s debt, which amounted to around 1 billion …

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EY erwartet Rückgang – “Der Immobilien-Markt steht Kopf”

Düsseldorf (Reuters) – Der jahrelang durch Wachstum verwöhnte Immobilien-Investmentmarkt in Deutschland steht einer Studie der Beratungsfirma EY zufolge nach einem Einbruch 2022 in diesem Jahr vor weiteren Rückgängen. “Der Immobilienmarkt steht Kopf”, sagte Florian Schwalm, Managing Partner bei EY Real Estate, am Donnerstag. Der Immobilien-Investmentmarkt sei im vergangenen Jahr um mehr als 40 Prozent auf …

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