Citigroup to buy Deutsche Bank license in Mexico for wholesale unit
NEW YORK (Reuters) -Citigroup Inc said on Tuesday it would purchase Deutsche Bank’s Mexican license in order to continue its cor..
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Adidas slashes 2022 outlook after Kanye West split
By Rachel More BERLIN (Reuters) -Adidas further slashed its outlook for 2022 on Wednesday as it weighed the impact of its split from Y..
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Commerzbank keeps outlook as lower Q3 profit still beats expectations
By Tom Sims and Unknown 9629b5b2-3983-43b7-ac6e-49eba7f61a04 FRANKFURT (Reuters) -Germany’s Commerzbank said on Wednesday its ne..
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ABN Amro’s Q3 profit jumps as interest income recovers
AMSTERDAM (Reuters) -Dutch bank ABN Amro beat analysts’ expectations on Wednesday, saying its net profit had more than doubled t..
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InPost sees stronger 2022 but warns of slowing demand
(Reuters) – Poland’s InPost on Wednesday said its full-year expectations were higher than previously anticipated thanks to..
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Taiwan’s President looks forward to Britain supporting its CPTPP bid
TAIPEI (Reuters) – Taiwan’s President Tsai Ing-wen told visiting British minister of state for trade Greg Hands on Wednesd..
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Dollar catches breath while investors await midterms; cryptos skittish
By Tom Westbrook SINGAPORE (Reuters) – The dollar steadied on Wednesday as traders waited on results from U.S. elections and on ..
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Oil prices ease on U.S. inventory build, China COVID worries
By Sonali Paul and Isabel Kua SINGAPORE (Reuters) -Oil prices slid on Wednesday as industry data showed U.S. crude stockpiles rose mor..
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Asia stocks advance as investors await U.S. midterm election results
By Ankur Banerjee SINGAPORE (Reuters) – Asian shares rose and the dollar wobbled on Wednesday as investors awaited U.S. inflatio..
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Twitter to introduce ‘Official’ label for some verified accounts
By Sheila Dang and Fanny Potkin (Reuters) -Billionaire Elon Musk’s social media platform Twitter will introduce an “Offici..
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Binance plans to buy rival FTX in bailout as crypto market crumbles
By Hannah Lang and Tom Wilson WASHINGTON/LONDON (Reuters) – Crypto giant Binance signed a nonbinding agreement on Tuesday to buy..
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Novavax cuts full-year revenue forecast again amid weak demand
(Reuters) – Novavax Inc cut its full-year revenue forecast on Tuesday for the second time in three months, hurt by a global supp..
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Disney streaming beats Wall Street targets, earnings miss
By Dawn Chmielewski and Lisa Richwine (Reuters) – Walt Disney Co said on Tuesday its marquee streaming service, Disney+, gained ..
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Fingerprints™ and Tag Systems collaborate to offer contactless biometric payment cards globally
World-leading biometrics company, Fingerprint Cards AB (Fingerprints™) has entered a partnership with global card manufacturer, Tag Sy..
Technology
Blow for EU crackdown on tax deals as Fiat wins appeal
By Foo Yun Chee LUXEMBOURG (Reuters) -Fiat Chrysler on Tuesday won its fight against an EU order to pay 30 million euros ($30 million)..
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Bayer beats Q3 profit forecast on strong herbicide sales
By Ludwig Burger FRANKFURT (Reuters) -Agriculture and pharmaceuticals company Bayer on Tuesday reported better-than-expected quarterly..
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Pandora braces for recession despite resilient demand
By Nikolaj Skydsgaard COPENHAGEN (Reuters) -Danish jewellery maker Pandora reported third-quarter sales just above expectations on Tue..
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Munich Re firmly sticks to 2022 target after quarterly profit rise
FRANKFURT (Reuters) – Munich Re on Tuesday said it posted a 44% rise in net profit in the third quarter, despite big claims from..
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Commerzbank, Norsk Hydro to invest 600 million euro into 1 GW of Danish solar
By Nora Buli OSLO (Reuters) – A joint venture of subsidiaries of Germany’s Commerzbank and Norway’s Norsk Hydro will..
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Factbox-‘Beaver blood moon’ offers world’s last total lunar eclipse until 2025
By Steve Gorman (Reuters) – Nighttime skywatchers from East Asia to North America will be treated to the rare spectacle of a ..
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Developing countries need $1 trillion a year in climate finance -report
SHARM EL-SHEIKH, Egypt (Reuters) – Developing countries need to work with investors, rich countries and development banks to sec..
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Bosch agrees to pay $25 million to settle California diesel emissions probe
By David Shepardson (Reuters) -German auto supplier Bosch has agreed pay $25 million to resolve California’s probe into the comp..
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UK chancellor Jeremy Hunt to announce a tax raid on inheritance -Telegraph
(Reuters) – British Finance Minister Jeremy Hunt is to announce a tax raid on inheritance as he attempts to balance the books in..
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Global hedge funds advance in October amid stocks rally
NEW YORK (Reuters) – Global hedge funds posted a 2% gain in October, helped by a rally in stock markets and a combination of hig..
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New Swedish government to cut fuel taxes, boost defence, police in budget
STOCKHOLM (Reuters) – Sweden’s new right-wing government will cut fuel taxes and give extra cash to the military and polic..
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Ford’s EV guru Field talks bottlenecks and opportunities
By Paul Lienert (Reuters) – An inadequate charging network and insufficient access to battery raw materials are critical bottlen..
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Green Investment Group to launch battery storage platform
LONDON (Reuters) – The Green Investment Group (GIG), owned by Macquarie Asset Management, will launch a new platform to develop ..
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Germany should hike taxes on rich to finance relief packages, advisers say – report
BERLIN (Reuters) – Germany’s economic advisory council will recommend the government raise taxes on the wealthy to help fi..
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Ireland to sell 8% of its majority stake in AIB in one go
DUBLIN (Reuters) – The Irish government received more than enough demand to cover the sale of 8% of its majority stake in Allied..
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Factbox-Strikes, protests in Europe over cost of living and pay
(Reuters) – European countries are facing strikes and protests due to high energy prices and mounting costs of living. Here are ..
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Analysis-Twitter’s ‘massive’ revenue drop adds to heavy debt burden
By Matt Tracy NEW YORK (Reuters) – Elon Musk’s revelation that Twitter has suffered a “massive” revenue drop s..
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At COP27, climate ‘loss and damage’ funding makes it on the table
By Laurie Goering SHARM EL-SHEIKH, Egypt (Thomson Reuters Foundation) – Warned that mounting economic crises should not delay ac..
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Negotiating our future’: Youth set to grab power roles at COP27
By Laurie Goering SHARM EL-SHEIKH, Egypt (Thomson Reuters Foundation) – Fiji’s Sivendra Michael was just a year old when P..
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How mixing farms with forests can help the UK reach net zero
By Rachel Parsons PETERBOROUGH, England (Thomson Reuters Foundation) – Stephen Briggs popped open his pocket knife, carved a wed..
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Three Steps to Making a Cloud Smart Investment
By Sam Woodcock, Senior Director of Cloud Strategy at 11:11 Systems Today, many businesses are transitioning to cloud to mode..
Opinion
Twitter asks some laid off workers to come back, Bloomberg reports
(Reuters) – After Twitter Inc laid off roughly half its staff on Friday following Elon Musk’s $44 billion acquisition, the..
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Dollar tumbles as U.S. nonfarm payrolls show mixed picture
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar slumped on Friday after the U.S. nonfarm payrolls report for October..
Finance