MILAN — Telecom Italia (TIM) has clinched an agreement with national trade unions to cut 2,100 jobs through an early retirement scheme as part of a wider cost-cutting plan to 2024, a document seen by Reuters showed. Read More
TAIPEI — Taiwan’s economy grew at its slowest pace in two years in the second quarter and performed slightly worse than expected, hit by supply chain woes and a domestic surge in COVID-19 cases. Read More
HAMBURG — Water levels on the Rhine in Germany have fallen again with vessels often sailing only half full and prices for cargo transport rising, commodity traders and shipbrokers said on Friday. Read More
SHANGHAI — Hong Kong stocks ended lower to post the biggest monthly drop in a year on Friday, pressured by sharp losses in major tech firms, which reignited investor worries over clampdown on the tech sector, while mainland China stocks also fell. Read More
(Bloomberg) — Swiss exports to Russia of turbojets, air pumps and other machinery surged in the past two months as manufacturers raced to fill any orders signed before sanctions over Moscow’s invasion of Ukraine render some of the sales illegal. Read More
LONDON — Shell has slashed its use of gas at Europe’s largest oil refinery, Rotterdam’s 404,000 barrel per day Pernis site, by 40% and at its German refineries by 70% in light of the continent’s natural gas crunch, CEO Ben van Beurden said on Thursday. Read More