European Press Roundup: Germany's Wuerth Group Hit by Weaker Demand; Bulgaria Sees Massive Cyberattack
July 17 2019 - 7:52AM
Dow Jones News
In Europe today, markets are wavering ahead of a new batch of
earnings from major U.S companies, while new data show eurozone
inflation rose more rapidly than expected in June. The top business
story: Amazon will face a formal EU antitrust investigation over
its dealings with third-party merchants. Read about the above
topics on Dow Jones Newswires or WSJ.com.
In Other Media...
Germany's family-owned Wuerth Group, a producer of fastening and
assembly technology, reported a steep drop in profits for the first
half of the year, amid weaker demand from the automotive industry.
Their operating result fell by 15% to EUR340 million.
-Handelsblatt
The personal data of millions of people were stolen in a
cyberattack on Bulgaria's tax agency. The breach is affecting
'nearly all adults' in the country, which has a population of
around seven million people. -BBC
Former Austrian Chancellor Christian Kern has been appointed to
the supervisory board of Russia's state-owned Russian Railways.
Kern has been a vocal opponent of the sanctions the EU imposed on
Russia in response to the conflict in Ukraine. -Die Presse
Telecom Italia is considering a sale of assets worth around EUR2
billion, including a stake in its separately-listed INWIT towers
unit. The transaction should be completed by early 2020. -La
Repubblica
Naturgy will postpone a high-level strategy meeting originally
scheduled for July until October, due to the regulatory uncertainty
caused by a shakeup of Spain's utility remuneration policy.
-Expansion
Portugal's flagship airline TAP is meeting with union
representatives to discuss how to fix persistent unpleasant odors
in the company's fleet of Airbus A330neo planes, which have left
crew members dizzy and nauseous. -Dinheiro Vivo
Write to Barcelona editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
July 17, 2019 07:37 ET (11:37 GMT)
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