Italy’s MPS sees ‘safe habour’ ahead after strong quarter
By Valentina Za MILAN (Reuters) -Italian state-owned bank Monte dei Paschi di Siena (MPS) on Wednesday joined peers in solidly beating..
News
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Michael Kors owner Capri cuts forecasts as demand slows, shares plunge 20%
(Reuters) -Michael Kors owner Capri Holdings Ltd cut its annual profit forecast on Wednesday, hurt by a slowdown in demand for its lux..
Business
Russian threat to Baltic security rising – Estonian intelligence report
By Andrius Sytas VILNIUS (Reuters) – Estonia’s Foreign Intelligence Service said it believed Russia still had the strength..
News
Activision aims to help UK regulator ‘better understand our industry’
LONDON (Reuters) – “Call of Duty” maker Activision Blizzard said on Wednesday it hoped it could help Britain&..
News
LATAM Airlines reduces cost per user by 83% thanks to innovative ad technology
Adaptive streaming company SeenThis has dramatically reduced Cost Per User (CPU) for LATAM Airlines, South America’s largest airline g..
Technology
Alantra strengthens its global tech investment banking capabilities with the addition of Daniel Lilliehöök as Partner in the Nordics
Daniel will join the Nordics team, led by Jonas Bauréus and Sebastian Hougaard, comprising 10 professionals who have advised on more ..
Finance
Global study reveals just 4% of business revenue goes to sustainability efforts
Global research exposes gap between businesses spearheading positive change and those stalling for time in new study of corporate beha..
Business
Why to invest in a franchise during uncertain economic times
As the UK begins the year on the brink of recession, the possibility of layoffs and other job losses will inevitably increase workers&..
Finance
Stocks, dollar pause ahead of Powell, Biden speeches
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) – A gauge of global equities edged lower and the dollar inched up on Tu..
Finance
EU considers ban on ‘forever chemicals’, urges search for alternatives
By Ludwig Burger (Reuters) -The European Union on Tuesday started to consider a proposal to ban widely used, potentially harmful subst..
News
BP makes record profit in 2022, slows shift from oil
By Ron Bousso and Shadia Nasralla LONDON (Reuters) – BP reported on Tuesday a record profit of $28 billion for 2022 and hiked it..
News
Cryptoverse: Is bitcoin out of the woods? Consider the options
By Medha Singh, Lisa Pauline Mattackal and Vidya Ranganathan (Reuters) – Have bitcoin and ether finally turned a corner? ..
Opinion
ChatGPT mania pumps up Chinese AI technology stocks
SHANGHAI (Reuters) – Chinese artificial intelligence stocks are the latest rage in mainland markets as the global frenzy around ..
News
Marketmind: Rates start to bite
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian stocks on Tuesday come off the..
Finance
From boom to bottom and now big change: Renault and Nissan reshape alliance
PARIS/TOKYO (Reuters) – French carmaker Renault and its Japanese partner Nissan announced a deal on Monday to redesign their dec..
News
UK stocks slip as rate hike worries grip investors
By Sruthi Shankar and Shashwat Chauhan (Reuters) – The UK’s FTSE 100 closed lower on Monday, as upbeat U.S. economic data ..
News
Global shares slide, dollar gains as rates rise on strong data
By Herbert Lash and Amanda Cooper WASHINGTON (Reuters) – Global equity markets slid and the dollar firmed on Monday after data s..
Finance
Turkey quake kills 912 in historic disaster, Erdogan says
ANKARA (Reuters) – At least 912 people were killed and more than 5,000 injured when a magnitude-7.8 earthquake struck southern T..
News
Swiss to vote on preventing cashless society, pressure group says
(Reuters) – Swiss citizens will get the chance to try to ensure their economy never becomes cashless, a pressure group said, aft..
Finance
UK watchdog warns crypto firms to prepare for advertising rule change
LONDON (Reuters) -Britain’s financial watchdog warned crypto businesses on Monday to get ready for a rule change on adver..
News
U.S. job growth powers ahead; unemployment rate at 3.4%
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth accelerated sharply in January while the unemployment rate hit a more t..
Business
Euro zone inflation seen just above ECB’s target in 2025, poll shows
FRANKFURT (Reuters) – Euro zone inflation is set to decline to 2.1% in 2025, just a shade above the European Central Bank’..
News
Kering recruits Estee Lauder exec for push into cosmetics
PARIS (Reuters) – French luxury goods group Kering said Friday it was entering the cosmetics business, with the announcement tha..
News
Lockmaker Assa Abloy boosts dividend, but wary on outlook
STOCKHOLM (Reuters) -Assa Abloy, the world’s biggest lockmaker, raised its dividend more than expected as it met quarterly profi..
News
TomTom raises 2023 revenue outlook as automotive drives Q4 beat
By Federica Mileo (Reuters) -Dutch navigation and digital mapping company TomTom raised its 2023 revenue forecast on Friday, after pos..
News
France seeks strategy as nuclear waste site risks saturation point
By Benjamin Mallet LA HAGUE, France (Reuters) – At a nuclear waste site in Normandy, robotic arms guided by technicians behind a..
News
Tech earnings hit pause button on market rally
By Caroline Valetkevitch and Herbert Lash (Reuters) – Big Tech led U.S. markets on a sharp rebound to kick off 2023. The message..
News
Billionaire Cohen builds stake in Nordstrom, urges board shakeup
By Svea Herbst-Bayliss NEW YORK (Reuters) -Billionaire investor Ryan Cohen is building a large stake in Nordstrom Inc and plans to pus..
News
Ford posts lower profit, issues downbeat outlook; shares drop
By Joseph White and Paul Lienert DETROIT (Reuters) -Ford Motor Co on Thursday said quarterly profits fell and the automaker predicted ..
News
Oil slumps on economic data, stronger U.S. dollar
By Laila Kearney NEW YORK (Reuters) -Oil prices settled lower on Thursday as U.S. industrial-linked factory orders dipped, while the d..
News
Business
Apple’s weak iPhone sales drive first profit miss since 2016
Apple’s weak iPhone sales drive first profit miss since 2016
By Stephen Nellis (Reuters) – Apple Inc on Thursday reported sales and profits that missed Wall Street expectations driven by weak iPhone sales ..
Business
Central banks hike rates again, but a pause is coming
LONDON (Reuters) – Major central banks are steadily moving closer to a pause in their aggressive interest rate hiking campaigns...
Finance
Fed rates up, BoE up, ECB up, stocks up
By Marc Jones LONDON (Reuters) – Higher stock markets showed the bulls were still firmly in charge on Thursday as the European C..
News
Record liquidations a warning to company owners
Record numbers of company liquidations should serve as a warning to business owners bracing for a recession to act early, acc..
Business
MaterialsXchange launches new digital marketplace for lumber and other building materials
The new e-commerce site, powered by Mickey, enhances its UX with streamlined, automated ordering processes and live order trac..
Technology
Consult Red contributes lifecycle management and downloadable application container functionality for RDK-B Operators
New Lifecycle Management and Downloadable Application Containers functionality to RDK-B Enabling technology for Smart Routers, provi..
Technology
Roche flags 2023 earnings decline on slump in COVID products
By Ludwig Burger BASEL (Reuters) – Roche warned of a decline in 2023 earnings, as revenue growth from new drugs, including its h..
News