SNB defends raising rates, says not to blame for Credit Suisse failure
(This May 31 story has been corrected to clarify that Jordan’s comment referred to another bank and not Credit Suisse, in parag..
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Internet data growth has not pushed up telcos’ network costs, Dutch government says
By Foo Yun Chee BRUSSELS (Reuters) – The Dutch government has stepped up its criticism of a push by EU telecoms operators to ge..
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Global factories struggle for momentum amid patchy demand
LONDON/TOKYO (Reuters) -Sluggish global demand deepened the decline in manufacturing activity across Europe and remained a major chall..
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Sugar group Tereos reports leap in core profit as prices rise
PARIS (Reuters) – French sugar and ethanol group Tereos on Thursday posted a strong rise in sales and earnings for its 2022/23 ..
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Major central banks renew rate hike push in May
LONDON (Reuters) – The pace of interest rate hikes across major central banks showed little sign of slowing in May but the scale..
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Dr Martens tripped up by tough U.S. market
(Reuters) -Dr Martens shares dropped more than 10% on Thursday after the British bootmaker warned investments would hit profit margins..
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Dollar rises as U.S. debt bill passes House, euro slides ahead of inflation
By Rae Wee and Joice Alves SINGAPORE/LONDON (Reuters) – The dollar rose on Thursday after a vote of approval from the U.S. Hous..
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New global renewables capacity additions to rise by a third this year – IEA
LONDON (Reuters) – Global additions of renewable power capacity are expected to rise by a third this year, the International Ene..
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BRICS ministers meet in push to establish group as counterweight to West
CAPE TOWN (Reuters) – Foreign ministers from the BRICS countries are meeting in South Africa from Thursday as the five-nation bl..
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Oil rises on potential U.S. rate hike pause, debt bill passing
BEIJING (Reuters) -Oil prices rose on Thursday, reversing earlier losses, as a potential pause in U.S. interest rate hikes and the deb..
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Liberty Global and Warner Bros Discovery owners weigh deal for All3Media -sources
By Amy-Jo Crowley LONDON (Reuters) – The owners of All3Media, Britain’s largest independent TV production company, are ex..
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EU plans for company human rights, environment checks face new hurdle
By Huw Jones LONDON (Reuters) – Lawmakers in the European Parliament sought on Wednesday to water down groundbreaking European ..
Business
UK has bigger inflation problem than US or euro zone – BoE’s Mann
By David Milliken LONDON (Reuters) – Britain has a bigger inflation problem than the United States or the euro zone, with both ..
Finance
Factbox-Companies invest in EV battery factories in Europe
(Reuters) – Europe is seeking to lure electric vehicle (EV) battery makers to build factories in the region as the bloc –..
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Harry Potter publisher Bloomsbury’s annual profit rises as readers lap up novels
(Reuters) -Bloomsbury Publishing posted a rise in full-year profit on Wednesday, helping the Harry Potter publisher propose a 10% hik..
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Exclusive-Credit Suisse axes China bank plan to avoid regulatory conflict under UBS-sources
By Engen Tham, Summer Zhen and Selena Li HONG KONG/SHANGHAI (Reuters) -Credit Suisse has scrapped plans to set up a locally incorpora..
Companies
Private astronaut crew, including first Arab woman in orbit, returns from space station
By Steve Gorman (Reuters) -An all-private astronaut team of two Americans and two Saudis, including the first Arab woman sent into or..
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Top AI CEOs, experts raise ‘risk of extinction’ from AI
By Supantha Mukherjee and Martin Coulter STOCKHOLM/LONDON (Reuters) – Top artificial intelligence (AI) executives including Ope..
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Mexico’s FEMSA launches second 3 billion euro sale of Heineken shares
MEXICO CITY (Reuters) – Mexican bottler FEMSA on Tuesday offered 3.3 billion euros ($3.63 billion) worth of its shares in Heine..
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Nestle hires LSEG’s Anna Manz as CFO
LONDON/BERLIN (Reuters) – Nestle, the world’s biggest packaged food company, said on Tuesday it had hired the London Stock..
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Unilever CFO Pitkethly to leave company by May 2024
(Reuters) – Unilever Plc said on Tuesday Chief Financial Officer Graeme Pitkethly would leave the consumer goods giant by the en..
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UK’s Asda to buy EG petrol stations unit in $2.9-billion deal
LONDON (Reuters) -British supermarket Asda said it would buy the bulk of petrol station operator EG Group’s UK and Ireland busin..
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Toyota, Daimler in deal to combine Japan truck operations
TOKYO (Reuters) -Daimler Truck Holding AG and Toyota Motor Corp said on Tuesday they had entered a non-binding agreement to combine t..
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PwC Australia clients, staff in focus as tax leak faces government hearings
SYDNEY (Reuters) – Australian senators will use parliamentary hearings this week to demand accounting firm PricewaterhouseCooper..
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UK shop price inflation strikes new record high: BRC
LONDON (Reuters) – British shop price inflation picked up this month to reach its highest rate since industry records began in 2..
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Tennis-‘Kosovo is the heart of Serbia’, Djokovic writes at French Open
By Julien Pretot and Shrivathsa Sridhar PARIS (Reuters) – Serbian world number three Novak Djokovic risked stirring up a politi..
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Cathay Pacific to order Boeing 777-8F freighter -sources
PARIS (Reuters) – Cathay Pacific is close to placing an order for Boeing 777-8F freighters as the Hong Kong carrier embarks on ..
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Dollar nudges lower as U.S. debt ceiling deal dents safe-haven appeal
LONDON (Reuters) -The dollar nudged lower on Monday, pulling back from six-month peaks against the yen as a U.S. debt ceiling deal lif..
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Car sales push Irish retail sales sharply higher again
DUBLIN (Reuters) – Annual Irish retail sales volumes rose sharply again last month due to another surge in car sales, jumping 7..
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India’s investigation agency files graft case against BAE Systems, Rolls-Royce -document
NEW DELHI (Reuters) – India’s Central Bureau of Investigation (CBI) has filed a graft case against Britain’s BAE Sy..
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Uber executive says European taxis joining platform
By Toby Sterling AMSTERDAM (Reuters) – Uber is seeing an influx of European taxi drivers joining its platform, an executive tol..
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European shares rise on US debt deal optimism
(Reuters) – European shares rose on Monday as investors drew comfort from a tentative deal reached by U.S. lawmakers to raise t..
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Oil gains after US leaders strike debt deal
By Florence Tan and Mohi Narayan (Reuters) -Oil prices rose on Monday after U.S. leaders reached a tentative debt ceiling deal, possi..
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Nvidia, MediaTek partner on connected car technology
By Joseph White DETROIT (Reuters) – Nvidia Corp and MediaTek Inc on Monday said they will collaborate on technology to power ad..
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Britain’s Prime Minister Sunak congratulates Erdogan on election win
(Reuters) – Britain’s Prime Minister Rishi Sunak on Sunday congratulated Turkish President Tayyip Erdogan on his re-elect..
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Italy’s Industry Ministry reports ‘heavy’ cyberattack
MILAN (Reuters) – The Italian Industry Ministry’s web portal and applications were hit by a “heavy cyberattack”..
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Engie, Amazon inaugurate Italy’s biggest agrivoltaic farm
MILAN (Reuters) – France’s Engie and Amazon on Friday cut the ribbon of Italy’s biggest agrivoltaic farm with the a..
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