News

Dollar hovers near six-week high ahead of US jobs report; sterling attempts recovery

Dollar hovers near six-week high ahead of US jobs report; sterling attempts recovery

  By Ankur Banerjee and Medha Singh SINGAPORE/LODNON (Reuters) – The dollar hovered near a six-week high on Friday ahead of..

Bayer sees Intacta2 Xtend GMO seed covering 30% of Brazil’s soybeans

Bayer sees Intacta2 Xtend GMO seed covering 30% of Brazil’s soybeans

  SAO PAULO (Reuters) – Germany’s Bayer forecasts that some 30% of Brazil’s soybean area will be sowed with its..

England’s NHS to offer Lilly’s weight-loss drug to some patients

England’s NHS to offer Lilly’s weight-loss drug to some patients

  (Reuters) – England’s National Health Services will offer Eli Lilly’s weight-loss drug to nearly a quarter mi..

Telecom Italia board to meet Friday over bid for Sparkle unit, sources say

Telecom Italia board to meet Friday over bid for Sparkle unit, sources say

  MILAN (Reuters) – Telecom Italia (TIM) will hold a board meeting on Friday over a 700 million euro ($772 million) non-bin..

Exclusive-Germany to vote against EU tariffs on Chinese electric vehicles, sources say

Exclusive-Germany to vote against EU tariffs on Chinese electric vehicles, sources say

  By Andreas Rinke FRANKFURT (Reuters) -Germany on Friday will vote against the introduction of European Union tariffs on Chinese..

Sabadell CEO says 2024 full-year profit could top 1.6 billion euros

Sabadell CEO says 2024 full-year profit could top 1.6 billion euros

  MADRID (Reuters) – The CEO of Spain’s Sabadell, Cesar Gonzalez-Bueno, on Thursday said the bank could earn more tha..

SWIFT to trial live digital currency transactions next year

SWIFT to trial live digital currency transactions next year

By Alun John LONDON (Reuters) – Global bank messaging network SWIFT will trial live transactions of tokenised assets and digital..

France to stick with wind power development targets

France to stick with wind power development targets

PARIS (Reuters) – France is aiming for a target growth rate of 1.5 gigawatts (GW) per year in onshore wind power, Energy ministe..

ECB’s top conservative shifts tone with sanguine inflation message

ECB’s top conservative shifts tone with sanguine inflation message

FRANKFURT (Reuters) -Euro zone inflation is increasingly likely to ease back to the European Central Bank’s 2% target on a durab..

LME monitors tightness in aluminium market after spike in spread

LME monitors tightness in aluminium market after spike in spread

By Eric Onstad LONDON (Reuters) – The London Metal Exchange (LME) is tracking tightness in the aluminium market, which has see..

Big oil’s big payouts under strain as energy prices fall

Big oil’s big payouts under strain as energy prices fall

By Ron Bousso LONDON (Reuters) – Major energy companies are set to borrow billions to maintain shareholder payouts or cut the ra..

CVS explores options including potential break-up, sources say

CVS explores options including potential break-up, sources say

By Anirban Sen NEW YORK (Reuters) – CVS Health is exploring options that could include a break-up of the company to separate its..

French retailer Casino to present new strategy with heavy job cuts expected

French retailer Casino to present new strategy with heavy job cuts expected

  PARIS (Reuters) – French supermarket chain Casino will set out its new strategy in November, with heavy job cuts still li..

Germany reports outbreak of H5N1 bird flu on a farm

Germany reports outbreak of H5N1 bird flu on a farm

  PARIS (Reuters) – Germany reported an outbreak of highly pathogenic H5N1 bird flu on a farm in the eastern region of Saxo..

SoftBank to invest $500 million in OpenAI, The Information reports

SoftBank to invest $500 million in OpenAI, The Information reports

  (Reuters) – Japanese telecom company SoftBank’s Vision Fund will invest $500 million in OpenAI’s latest fundi..

Big banks add October cut to ECB forecasts

Big banks add October cut to ECB forecasts

  LONDON (Reuters) -Major brokerages, including Goldman Sachs and JPMorgan, now expect the European Central Bank to deliver a qua..

Thailand’s Central Group takes over Swiss department stores Globus

Thailand’s Central Group takes over Swiss department stores Globus

  BERLIN (Reuters) – Thai retail and property conglomerate Central Group said on Monday it will take over the operational b..

Labour’s move to tax private education leaves Britain divided

Labour’s move to tax private education leaves Britain divided

  By Sarah Young MALVERN, England (Reuters) – Mark Manwaring-White, 67, had been hoping to retire but a policy introduced b..

UK business confidence falls from eight-year high, Lloyds says

UK business confidence falls from eight-year high, Lloyds says

  By David Milliken LONDON (Reuters) – British business confidence ebbed slightly this month after reaching an eight-year h..

Spotify back up after outage hits over 40,000 users

Spotify back up after outage hits over 40,000 users

  (Reuters) -Audio streaming platform Spotify was back up after an approximate three-hour-long outage on Sunday, which at its pea..

Oil steady but on track for weekly drop on firmer supply outlook

Oil steady but on track for weekly drop on firmer supply outlook

  By Paul Carsten LONDON (Reuters) -Oil prices held on Friday but remained on track for a weekly fall as investors weighed expect..

Moncler CEO strengthens grip on company with LVMH deal

Moncler CEO strengthens grip on company with LVMH deal

  By Elisa Anzolin and Mimosa Spencer MILAN/PARIS (Reuters) -Moncler’s Chairman and CEO Remo Ruffini is tightening his cont..

Aeffe sells ‘Moschino’ brand for perfumes to Euroitalia

Aeffe sells ‘Moschino’ brand for perfumes to Euroitalia

  MILAN (Reuters) – Italian fashion group Aeffe has agreed to transfer the ownership of its ‘Moschino’ brand in..

Exclusive-African countries eye world’s first joint ‘debt-for-nature’ swap

Exclusive-African countries eye world’s first joint ‘debt-for-nature’ swap

  LONDON (Reuters) – At least five African countries are working on what could be the world’s first joint “debt..

UK’s FTSE 100 closes slightly up as falling energy shares offset China-driven rally

UK’s FTSE 100 closes slightly up as falling energy shares offset China-driven rally

  By Lisa Pauline Mattackal and Shashwat Chauhan (Reuters) -UK’s FTSE 100 closed up on Thursday, though lagging its Europea..

Exclusive-Ubisoft activist investor says it has support of 10% of shareholders in management tussle

Exclusive-Ubisoft activist investor says it has support of 10% of shareholders in management tussle

  By Zaheer Kachwala (Reuters) – An activist investor pushing for a sale of “Assassin’s Creed” maker Ubis..

Discounter Pepco’s sales hurt by supply chain disruption

Discounter Pepco’s sales hurt by supply chain disruption

  By James Davey LONDON (Reuters) -European discount retailer Pepco Group said its fourth-quarter underlying revenue was lower th..

Dollar firm following sharp rebound as Fed speakers eyed

Dollar firm following sharp rebound as Fed speakers eyed

  By Kevin Buckland TOKYO (Reuters) – The dollar held firm on Thursday following its sharpest rally since early June as tra..

Polish fashion retailer LPP confirms annual revenue goal of up to $5.5 billion

Polish fashion retailer LPP confirms annual revenue goal of up to $5.5 billion

  GDANSK (Reuters) – Poland’s largest apparel retailer LPP confirmed its full-year revenue target of 20-21 billion zl..

European shares end marginally lower as energy stocks drop

European shares end marginally lower as energy stocks drop

  By Pranav Kashyap and Shashwat Chauhan (Reuters) -Europe’s STOXX 600 closed slightly lower on Wednesday as energy stocks ..

Fonterra’s annual profit falls 25%; shares rise on dividend declaration

Fonterra’s annual profit falls 25%; shares rise on dividend declaration

  By Rajasik Mukherjee (Reuters) -New Zealand’s Fonterra posted a 25% drop in its fiscal 2024 profit on Wednesday, hurt by ..

Soccer-‘I thought it was AI,’ says Wimbledon director of flooding images at stadium

Soccer-‘I thought it was AI,’ says Wimbledon director of flooding images at stadium

  (Reuters) – AFC Wimbledon’s managing director thought he was looking at AI-created images when he saw pictures of f..

Solvay to cut 68 jobs in Salindres site throughout 2025

Solvay to cut 68 jobs in Salindres site throughout 2025

  (Reuters) – Belgian chemicals group Solvay announced on Tuesday plans to enter into talks with labour unions to cease pro..

ECB started issuing fine notices to banks not meeting climate expectations

ECB started issuing fine notices to banks not meeting climate expectations

  NEW YORK (Reuters) – The European Central Bank has started issuing fine notices to lenders not meeting its long-defined e..

Spotify expands AI Playlist feature to new markets including US, Canada

Spotify expands AI Playlist feature to new markets including US, Canada

  (Reuters) – Spotify is expanding its tool that helps create playlists using generative artificial intelligence for premiu..

UK employers give joint-lowest pay rises since June 2022, Brightmine says

UK employers give joint-lowest pay rises since June 2022, Brightmine says

  LONDON (Reuters) – British employers gave staff the joint-lowest pay rises since June 2022 in the three months to the end..

TUI confirms guidance after strong summer season, shares rise

TUI confirms guidance after strong summer season, shares rise

  By Andrey Sychev (Reuters) -Europe’s biggest tour operator TUI on Tuesday confirmed its annual guidance and mid-term targ..