As shoppers tighten their belts, Walmart has cut its profit forecast

The world’s largest retailer is now forecasting double-digit declines in operating income for both the second quarter and the full year, although earlier forecasts had called for a slight increase in second-quarter revenue and a year-over-year decline of about 1 percent. However, the company did not cut all the numbers. Walmart expects U.S. same-store sales […]

Biden said he does not think the US economy will face a recession

“I don’t think we’re going to have a recession,” Biden told reporters. Citing strong employment data, the president said there could instead be a soft landing as “we move from this rapid growth to steady growth.” Several U.S. officials have echoed similar sentiments, downplaying recession fears, saying a recession in the world’s largest economy is […]

European stock indices have recovered, but the euro is under pressure

The European Central Bank’s (ECB) decision to raise interest rates more than expected did not provide prolonged support for the euro as political turmoil in Italy clouded the outlook for the single currency. Still, London’s FTSE 100 rose 0.5 percent, Frankfurt’s DAX 0.8 percent and Paris’ CAC 40 0.6 percent since the start of the […]

Swedbank’s profit in Estonia grew by 1 percent in the first half of the year.

The volume of lending to private clients increased by 6 percent, and to business clients by 9 percent. The amount of deposits increased by 6 percent. During the first half of the year, loans for private clients were issued for 575 million. EUR, and for business – for 625 million. euros. The bank’s housing loan […]

Renault suffered a decline in sales: it named the main reason

The company noted that it sold 1,000,199 vehicles in the first half of 2022 – 12 percent. less compared to the same period last year. Sales in Russia were not included in the data for both years. According to Renault, the decline in sales is recorded “in the context of the semiconductor crisis, as well […]

The specialist revealed: how much does it really cost to furnish a house?

Savings are possible Buying and furnishing a home requires a considerable amount of money, so it is very important to accurately and responsibly plan future expenses in order to save. Sandra Žukauskė, an architect from the interior design studio “Sa.home”, says that with a limited budget, you should save money from the very beginning of […]

Forecasters: Rains with thunderstorms in Lithuania will displace the heat

In Lithuania, rains with thunderstorms will displace the heat. During the day in Eastern Lithuania, it will rain briefly in some places, there is also a possibility of thunderstorms. The wind changes direction, from 5 to 10, during the thunderstorm, gusts up to 15-18 m/s in some places. Thermometers will show between 23 and 26 […]

The economic recession in Europe: the euro and the pound are depreciating

Global stock markets recovered slightly this week after another downturn, and oil prices continued to fall. Economic growth in the euro area slowed in June, according to a closely monitored study, which halted the strong recovery from the damage caused by the coronavir pandemic. The S&P Global Monthly Purchasing Managers’ Index (PMI) fell to 51.9 […]

EU Court rejects Ryanair’s complaint against Finnair

The Dublin-based airline has taken more than 20 cases to court during the pandemic. Ryanair has sought to cancel major rescue programs for Lufthansa, Air France and other major EU airlines, but these efforts have not always been successful. Finnair has been granted more than 1 billion euros. € 1.1 billion in support from the […]