Euro zone economic growth will be slower than earlier expected this year because of a new wave of COVID-19 infections, high energy prices and continued supply-side disruptions, while inflation will be much higher, the European Commission said.

(Reuters) -Shares in Delivery Hero lost nearly a quarter of their value on Thursday after 2022 earnings guidance failed to meet analysts' expectations despite the German online takeaway food company's outlook for revenue growth.

PARIS (Reuters) -Pernod Ricard is more optimistic about its outlook for fiscal year 2022 after strong demand in the United States, China and Europe helped the French spirits maker beat first-half profit and sales forecasts, lifting its shares by over 3%.

ArcelorMittal, the world's second largest steelmaker, said on Thursday it would increase its dividend and announced a new $1 billion capital return for the first half of the year after reporting better-than-expected fourth-quarter earnings.

Activist investor Quarz Capital Management said it is opposed to the terms of a proposed S$4.2 billion ($3.1 billion) merger of two Temasek-linked Singapore real estate investment trusts, saying the target firm was significantly undervalued.

EUR/USD  EUR/USD The euro continues to move in an uptrend. There is a short-term horizontal trend.