Business

Volkswagen makes $3.4 billion Europcar bet on mobility services

A consortium led by Volkswagen (VOWG_p.DE) has agreed with Europcar (EUCAR.PA) to launch a tender offer for the car rental company that values it at 2.9 billion euros ($3.4 billion) including debt, Europe’s largest carmaker said on Wednesday.

Wizz Air sees summer capacity close to pre-pandemic levels

Wizz Air (WIZZ.L) expects capacity to ramp up to between 90% and 100% of pre-pandemic levels in July and August as summer demand for European travel grows, and this could get an extra boost from further easing of UK restrictions.

BASF reports second-quarter beat, says no Delta impact so far

The world’s largest chemical producer BASF (BASFn.DE) reported a better-than-expected second-quarter net profit on Wednesday, saying the spread of Delta coronavirus variant has not interrupted orders from industrial customers so far.

Australian CPI blows hot in Q2, core inflation far cooler

Australia’s consumer prices rose at the fastest annual pace in almost 13 years last quarter as petrol jumped and government subsidies unwound, but a far tamer reading for core inflation suggested the spike would be fleeting.

Volkswagen makes $3.4 billion Europcar bet on mobility services

A consortium led by Volkswagen (VOWG_p.DE) has agreed with Europcar (EUCAR.PA) to launch a tender offer for the car rental company that values it at 2.9 billion euros ($3.4 billion) including debt, Europe’s largest carmaker said on Wednesday.

Wizz Air sees summer capacity close to pre-pandemic levels

Wizz Air (WIZZ.L) expects capacity to ramp up to between 90% and 100% of pre-pandemic levels in July and August as summer demand for European travel grows, and this could get an extra boost from further easing of UK restrictions.

BASF reports second-quarter beat, says no Delta impact so far

The world’s largest chemical producer BASF (BASFn.DE) reported a better-than-expected second-quarter net profit on Wednesday, saying the spread of Delta coronavirus variant has not interrupted orders from industrial customers so far.

Australian CPI blows hot in Q2, core inflation far cooler

Australia’s consumer prices rose at the fastest annual pace in almost 13 years last quarter as petrol jumped and government subsidies unwound, but a far tamer reading for core inflation suggested the spike would be fleeting.

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