European Press Roundup: Germany's Wuerth Group Hit by Weaker Demand; Bulgaria Sees Massive Cyberattack

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

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(END) Dow Jones Newswires

July 17, 2019 07:37 ET (11:37 GMT)

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