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UK baker Greggs' finance boss Richard Hutton to step down

Britain's biggest fast-food chain Greggs LSE:GRG said on Wednesday that its Chief Financial Officer Richard Hutton will step down after 28 years with the company, sending its shares down 2.8% in early trade.The baker has appointed Bakkavor veteran Ben Waldron as Hutton's successor, who will join th…

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South African president demotes former DA leader among cabinet changes

South African President Cyril Ramaphosa announced cabinet changes late on Tuesday, demoting the former leader of his party's main coalition partner from agriculture minister to deputy trade minister as requested by its new leader.

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Kazakhstan's June CPI eases to 10.3% year-on-year

Kazakhstan's June consumer inflation rate stood at 10.3% year-on-year compared with 10.4% in May, the country's statistics bureau said on Wednesday.Consumer prices in June rose by 0.8%, compared with 0.7% the previous month.

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Economy

Citi cuts bitcoin, ether forecasts as ETF flows turn negative

By Rashika SinghCitigroup slashed its 12-month forecasts for bitcoin and ether, saying weakening investor appetite, negative exchange-traded fund flows and a lack of progress on U.S. digital asset legislation have hurt the outlook for the two largest cryptocurrencies.The brokerage, in a note dated…

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Crypto
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UK's CMC Markets raises annual profit forecast as B2B demand booms

British trading platform CMC Markets LSE:CMCX raised its annual profit forecast on Wednesday, citing booming demand from its business partnerships, which span banks, brokers and other financial institutions.Here are more details:($1 = 0.7556 pounds)

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Siemens to invest €300 million to expand production in Germany

Siemens AG XETR:SIE will invest €300 million ($342 million) in Germany to expand production of technologies for the global energy transition and for AI data centres, it said on Wednesday.The investment will create 700 new jobs by the end of 2030, the company added.($1 = 0.8772 euros)

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Turkish manufacturing contracts, hit by Iran war disruption, PMI shows

Turkey's manufacturing sector contracted in June as the war in the Middle East disrupted demand and supply, a business survey showed on Wednesday.The Istanbul Chamber of Industry's Turkey Manufacturing Purchasing Managers' Index, compiled by S&P Global, fell to 47.1 in June from 49.8 in May. The 50…

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Economy