UK employers offer smaller pay rises at start of 2024, XpertHR survey shows
LONDON (Reuters) – British employers scaled back the annual pay settlements they offered to staff at the start of 2024, a survey..
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Citigroup raises CEO Jane Fraser’s 2023 pay by 6% to $26 million
By Tatiana Bautzer (Reuters) -Citigroup increased Chief Executive Officer Jane Fraser’s compensation by about 6% to $26 million..
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Barclays plans cost cuts, bumper buybacks in bid to boost shares
By Lawrence White and Iain Withers LONDON (Reuters) -Barclays laid out a three-year plan to revive its flagging share price on Tuesda..
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China slashes mortgage reference rates to revive property market
SHANGHAI/SINGAPORE (Reuters) -China announced its biggest ever reduction in the benchmark mortgage rate on Tuesday, as authorities sou..
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Air Liquide tops profit forecast, hikes 2025 margin target
By Augustin Turpin and Olivier Cherfan (Reuters) -French industrial gases firm Air Liquide on Tuesday posted a better-than-expected a..
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Marketmind: Wages will test wagers on rates
A look at the day ahead in European and global markets from Tom Westbrook Europe’s central bank has singled out wages as the si..
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German homes are still overvalued despite price drop – Bundesbank
FRANKFURT (Reuters) – German homes are still overvalued despite a fall in prices last year as the cost of mortgages spiked, the..
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Sterling inches higher after last week’s fall
Sterling inches higher after last week’s fall By Harry Robertson LONDON (Reuters) – The pound edged slightly higher on Mon..
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‘Oppenheimer’ triumphs at BAFTA Film Awards with most win
By Marie-Louise Gumuchian LONDON (Reuters) -“Oppenheimer”, a three-hour epic about the making of the atomic bomb in World..
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Marketmind: China markets look like they need another holiday
By Wayne Cole (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. High hopes China’s mark..
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UK property prices show first annual rise since August – Rightmove
LONDON (Reuters) – The prices of homes being put up for sale in Britain have risen in annual terms for the first time in six mo..
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France cuts 2024 growth forecast as outlook darkens
PARIS (Reuters) -French Finance Minister Bruno Le Maire said the government had lowered its forecast for 2024 GDP growth to 1% from 1...
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Factbox-Main winners at the 2024 BAFTA Film Awards
LONDON (Reuters) – Britain’s top movie honours, the BAFTA Film Awards, were handed out on Sunday at a ceremony in London...
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England’s NHS to trim main healthcare wait list ahead of election
LONDON (Reuters) -England’s health service will move about 40,000 pending child consultations for ADHD, autism and other conditi..
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Swedish January inflation up as expected, rate cut set for mid-year
By Simon Johnson STOCKHOLM (Reuters) – Headline Swedish inflation picked up pace as expected in January, data showed on Monday,..
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Dollar stands firm as sticky US inflation dents rate cut expectations
By Ankur Banerjee SINGAPORE (Reuters) -The dollar was steady on Monday after data last week showing U.S. inflation remained sticky ca..
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Asia shares sputter as China returns with low energy
By Wayne Cole SYDNEY (Reuters) -Asian shares struggled to make much ground on Monday as fading chances for early rate cuts globally s..
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Westpac sees monetary policy ‘less restrictive’ over next year, Q1 profit drops
By Echha Jain (Reuters) -Westpac Banking Corp said it sees scope for monetary policy in Australia to become less restrictive within t..
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Spanish conservatives retain majority in Galicia regional vote
MADRID (Reuters) -Spain’s opposition conservative People’s Party retained its absolute majority in its stronghold in the ..
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UK shoppers pick up their spending, signalling quick end to recession
By Suban Abdulla LONDON (Reuters) -British retail sales jumped by the most in almost three years in January as consumers recovered th..
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Eni beats Q4 profit forecasts helped by favourable arbitration
MILAN (Reuters) -Italian energy group Eni on Friday reported fourth-quarter adjusted net profit of 1.64 billion euros ($1.8 billion), ..
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Swiss Re 2023 net profit surges, in line with expectations
FRANKFURT (Reuters) -Reinsurance company Swiss Re said on Friday that net profit for 2023 surged 580%, in line with expectations, as ..
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Mahindra to use Volkswagen electric components, battery cells
BERLIN (Reuters) -Volkswagen and Mahindra & Mahindra Ltd have signed a supply agreement on the use of key electric components of ..
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ECB’s Villeroy: should not hold off first rate cut for too long
PARIS (Reuters) – There are several compelling reasons why the European Central Bank should not hold off for too long on an ini..
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Britain’s Labour Party wins by-election in southwestern English town
LONDON (Reuters) -Britain’s opposition Labour Party won a contest for a new lawmaker in the southwestern English town of Kingswo..
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Australia’s QBE Insurance annual profit more than doubles but misses view
By Echha Jain (Reuters) -Australia’s QBE Insurance Group’s full-year profit more than doubled on Friday, helped by higher..
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UK’s Costa Coffee to give workers 9% pay rise
LONDON (Reuters) – Britain’s Costa Coffee will give over 15,000 hourly-paid workers an average 9% pay increase from April ..
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Jet engine maker Safran raises dividend on profit jump and growth outlook
PARIS (Reuters) -French jet engine maker Safran posted sharply higher revenue and operating profit for 2023, raised its dividend and ..
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Cisco to cut more than 4,000 jobs, lowers annual revenue forecast
By Akash Sriram (Reuters) -Cisco Systems said it would cut 5% of its global workforce, or more than 4,000 jobs, and lowered its annua..
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Swedish union to exempt some Tesla cars from mechanic strike
STOCKHOLM (Reuters) – Swedish labour union IF Metall on Wednesday said it would permit its mechanics to fix some Tesla cars at ..
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India’s Bosch posts Q3 profit climb on healthy auto parts demand
BENGALURU (Reuters) – Bosch, the Indian arm of German automotive supplier Robert Bosch GmbH, reported a 62.5% climb in third-qu..
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TUI swings to surprise first-quarter profit on robust travel demand
By Joanna Plucinska and Ilona Wissenbach LONDON (Reuters) – Europe’s largest travel operator TUI on Tuesday reported far ..
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German economy expected to grow in 2024, official says
BERLIN (Reuters) – Germany is not in recession and its economy is expected to grow in 2024, Chancellor Olaf Scholz’s chie..
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The hardest job in the world’: Siberian shipyard workers brave freezing cold
YAKUTIA, Russia (Reuters) – A drone flies low over a snow-covered shipyard in Russia’s Far East, where workers toil in sub..
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Displaced Gaza doctor offers free medical help for children from his tent
RAFAH, Gaza Strip (Reuters) – The long queue of anxious parents waiting outside paediatrician Rajaa Okasha’s tent shows ho..
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AI frenzy puts Nvidia briefly ahead of Amazon in market value
(Reuters) -Nvidia briefly surpassed Amazon.com Inc in market capitalization on Monday, as the euphoria around artificial intelligence..
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Roche cutting 345 jobs in product development – media
ZURICH (Reuters) – Roche is cutting 345 jobs, Swiss website Muula reported, as the drugs company responds to lower profit posted..
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