Volvo Cars to axe 1,300 jobs as it steps up cost cuts
COPENHAGEN (Reuters) -Volvo Cars will lay off around 1,300 office-based employees in Sweden as it steps up cost cutting, the Sweden-ba..
News
All Posts
Euro zone April business activity grows on strong services demand – PMI
By Indradip Ghosh BENGALURU (Reuters) – Growth in euro zone business activity sped up in April, though less than initially indi..
News
News
Canadian PM Justin Trudeau to attend King Charles’ coronation in London
Canadian PM Justin Trudeau to attend King Charles’ coronation in London
OTTAWA (Reuters) -Canadian Prime Minister Justin Trudeau will travel to Britain to attend the Coronation of King Charles at London’s Westminste..
News
Joby Aviation to get investment from Tesla shareholder Baillie Gifford
(Reuters) – British investment management firm Baillie Gifford will invest $180 million in electric aircraft maker Joby Aviatio..
News
UniCredit to use 300 million euro charges for voluntary staff exits-sources
MILAN (Reuters) – UniCredit will use restructuring charges it is set to book this year to fund voluntary exits after receiving ..
News
Fed delivers small rate hike, opens door to pause in tightening cycle
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -The Federal Reserve on Wednesday raised interest rates by a quarter of a perc..
News
Bangladesh moves up the ranks and could become the 24th largest economy by 2036
Bangladesh, located in South Asia, has made significant strides in recent years, with the country becoming one of the fastest-growing ..
Finance
Metro Bank posts second quarter of profitability on mortgage loans demand
(Reuters) – Metro Bank on Wednesday said it had reached underlying profitability for the second consecutive quarter, as net infl..
News
Flutter Q1 revenues jump 29% as U.S. races ahead, UK bounces back
By Padraic Halpin DUBLIN (Reuters) -Flutter grew its revenue by 29% on a pro-forma basis in the first quarter, driven by a near doubl..
News
BNP Paribas first-quarter revenue beats as trading outperforms
PARIS (Reuters) -BNP Paribas’s first-quarter sales beat market expectations as trading business at the eurozone’s biggest ..
News
King Charles’ coronation will be an economic boost, Buckingham Palace says
LONDON (Reuters) – The coronation ceremony for King Charles on Saturday will be the most glorious display of pageantry seen in B..
News
Cineworld gets US court approval to raise $2.26 billion after bankruptcy
By Dietrich Knauth (Reuters) – Bankrupt movie theater chain Cineworld received U.S. court approval on Tuesday to raise $2.26 bi..
News
Revlon emerges from bankruptcy after lender takeover
By Dietrich Knauth (Reuters) -Revlon Inc said on Tuesday that it has emerged from bankruptcy after cutting more than $2.7 billion in ..
News
Oil slumps 5% to five-week low amid US debt default fears
NEW YORK (Reuters) -Oil prices sank about 5% to a five-week low on Tuesday on concerns about the economy as U.S. politicians discuss w..
News
Dollar dips as job openings fall, Fed meeting in focus
By Karen Brettell NEW YORK (Reuters) – The dollar fell Tuesday after data showed that U.S. job openings fell in March, a day be..
News
Sport-Ronaldo tops Forbes’ highest-paid athletes list in 2023 after Saudi move
(Reuters) – Cristiano Ronaldo became the world’s highest-paid athlete after his move to Saudi Arabian side Al-Nassr nearl..
News
Italy CPI rises again in April amid energy prices volatility
By Antonella Cinelli ROME (Reuters) – Italian inflation jumped unexpectedly in April, driven by another spike in energy prices, ..
News
From US to London, royal super fan makes ‘once-in-a-lifetime’ coronation pilgrimage
By JEEVAN RAVINDRAN LONDON (Reuters) – U.S. citizen Donna Werner is no stranger to royal celebrations – for more than thre..
News
Ferrari, Enel X plan solar plant near Fiorano test track
ROME (Reuters) – Italian sports car maker Ferrari said it has signed a deal with Enel’s Enel X to build a 1 megawatt peak..
News
Norway wealth fund CEO denies pay discrimination in case by female employee
OSLO (Reuters) – The chief executive of Norway’s $1.4 trillion sovereign wealth fund, Nicolai Tangen, on Tuesday denied ac..
News
Soft lending and inflation data pave way for smaller ECB hike
FRANKFURT (Reuters) -Euro zone banks are turning off the credit taps and a key gauge of inflation is finally falling, data showed on T..
News
Italian hearing aid maker Amplifon expects higher 2023 earnings
(Reuters) – Italian hearing aid maker Amplifon said on Tuesday it expects core profits to continue growing in 2023 thanks to ope..
News
DSM misses Q1 forecasts due to weak volumes and high costs
(Corrects company description in 5th paragraph) (Reuters) – Dutch specialty chemicals maker DSM’s first-quarter profit and..
News
Geberit reports Q1 beat despite end of bathroom renovation boom
(Reuters) -Swiss plumbing supplies maker Geberit on Tuesday reported higher than expected operating cashflow in the first quarter, des..
News
Marketmind: RBA shock hike starts huge week for central banks
A look at the day ahead in European and global markets from Asia markets correspondent Kevin Buckland. The Reserve Bank of Australia ..
News
Logitech Q4 sales plunge 22% as economic downturn worries weigh
(Reuters) – Logitech International posted a 22% drop in fourth-quarter sales on Tuesday, as growing worries of an economic down..
News
Factbox-Long-serving Qantas executive Vanessa Hudson named as next CEO
SYDNEY (Reuters) – Australia’s flagship carrier, Qantas Airways Ltd, on Tuesday named its finance chief Vanessa Hudson to..
News
UK retailers report record food inflation but see falls ahead
By David Milliken LONDON (Reuters) – Food prices at British supermarkets rose 15.7% in the year to April, the biggest annual in..
News
Historic Stone of Scone moved to London for King Charles’ coronation
LONDON (Reuters) – The historic Stone of Scone, the ancient coronation stone upon which monarchs in Britain have been crowned fo..
News
Bosch buys US semiconductor foundry to expand EV chip output
By Joseph White and Stephen Nellis DETROIT (Reuters) – Germany’s Bosch Group has agreed to buy key assets of California c..
News
Essity mulls selling Vinda stake and Consumer Tissue Private Label Europe business
STOCKHOLM (Reuters) – Hygiene products group Essity said on Wednesday it has initiated a strategic review of its stake in China-..
News
Markets mixed as tech boosts US stock futures, Europe dips
LONDON (Reuters) – Global stock markets were mixed on Wednesday as recession fears and banking sector strain weighed on European..
News
Elevator maker Kone hikes outlook as Q1 profit, orders beat forecasts
(Reuters) -Finnish elevator maker Kone raised its 2023 sales outlook on Wednesday after its first-quarter profit beat market expectat..
News
Companies’ cost inflation is slowing but shoppers may wait for lower prices
By Richa Naidu and Dominique Vidalon LONDON/PARIS (Reuters) -The world’s top consumer goods companies, making everything from i..
News
Tech CEOs wax poetic on AI, big adds to sales will take time
By Noel Randewich and Akash Sriram (Reuters) -Microsoft Corp and Google-parent Alphabet Inc talked up investments in artificial intel..
News
Sacyr shortlists four bidders for its service, waste management unit – Expansion
MADRID (Reuters) – Spanish conglomerate Sacyr has shortlisted four firms as potential buyers of its service and waste management..
News
Startup e-commerce platform Temu expands to Europe
By Casey Hall SHANGHAI (Reuters) – Ultra low-cost e-commerce platform Temu, owned by PDD Holdings has started selling to Europe..
News