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EU approves Italian aid for $5.4 billion STMicro chip plant

EU approves Italian aid for $5.4 billion STMicro chip plant

By Toby Sterling CATANIA, Italy (Reuters) -The European Commission on Friday approved Italian state aid for STMicroelectronics to bui..

German retail sales fall more than expected in April

German retail sales fall more than expected in April

(Reuters) -German retail sales fell more than expected in April, decreasing by 1.2% compared with the previous month, dimming hopes t..

Renault, Geely create joint venture for hybrid, combustion engines

Renault, Geely create joint venture for hybrid, combustion engines

(Reuters) -French automaker Renault and Chinese partner Geely announced a highly anticipated joint venture on Friday that will develo..

Investors hold their breath for inflation data

Investors hold their breath for inflation data

A look at the day ahead in European and global markets from Ankur Banerjee The time for waiting is almost over as inflation reports f..

Analysis-Aircraft shortages turn into cash bonanza for some airlines

Analysis-Aircraft shortages turn into cash bonanza for some airlines

By Rajesh Kumar Singh CHICAGO (Reuters) – Aircraft shortages are turning into a moneymaker for some airlines as the dearth of s..

India cenbank moves 100 tons of gold from UK to domestic vaults, TOI reports

India cenbank moves 100 tons of gold from UK to domestic vaults, TOI reports

BENGALURU (Reuters) – India’s central bank has moved a little more than 100 metric tons of gold from the UK to its domest..

Stocks regain some ground, bonds steady after rate angst sell-off

Stocks regain some ground, bonds steady after rate angst sell-off

By Samuel Indyk and Rae Wee LONDON (Reuters) -European stocks edged higher on Thursday as bonds regained some ground after a sell-off..

Britain’s creaking power grid leaves green energy revolution adrift

Britain’s creaking power grid leaves green energy revolution adrift

By Paul Sandle and Kate Holton PORTSMOUTH, England (Reuters) – British ferry operator Wightlink wants to order a $60 million, s..

Battle over power pylons highlights Britain’s net zero challenge

Battle over power pylons highlights Britain’s net zero challenge

By Elizabeth Piper WAVENEY VALLEY, England (Reuters) – Dot Matthie says she faces losing the use of the airstrip in her field b..

Dollar trades around two-week high as U.S. bond yields surge

Dollar trades around two-week high as U.S. bond yields surge

(Corrects days of 0.5% falls in paragraphs four and 11 to Wednesday, from Tuesday) By Harry Robertson and Kevin Buckland LONDON/TOKYO..

Birkenstock raises annual revenue forecast on strong footwear demand

Birkenstock raises annual revenue forecast on strong footwear demand

(Reuters) – Birkenstock raised its annual revenue forecast on Thursday, as the German sandal maker bets on benefits from full-p..

Italy April jobless rate falls to 6.9%, lowest since 2008

Italy April jobless rate falls to 6.9%, lowest since 2008

ROME (Reuters) – Italy’s unemployment rate declined to 6.9% in April from a downwardly revised 7.1% the month before, dat..

Brookfield enters deal to buy France’s Neoen for $6.6 billion

Brookfield enters deal to buy France’s Neoen for $6.6 billion

(Reuters) -Canada’s Brookfield said on Thursday that it, together with Brookfield Renewable Partners and Singapore’s Tema..

Sneaker maker Golden Goose aims to list in Milan in June

Sneaker maker Golden Goose aims to list in Milan in June

MILAN (Reuters) – Italian luxury sneaker brand Golden Goose said on Thursday it aims to list on Milan’s Euronext in June...

German inflation higher than expected ahead of ECB rates decision

German inflation higher than expected ahead of ECB rates decision

By Rachel More BERLIN (Reuters) -German inflation rose slightly more than forecast to 2.8% in May, although economists said an increa..

Global unemployment to slightly fall in 2024, UN labour body says

Global unemployment to slightly fall in 2024, UN labour body says

(Reuters) -The global unemployment rate is expected to fall slightly to 4.9% this year from 5.0% in 2023, even as inequalities in labo..

Aplomado Investments & Fenton Whelan Real Estate (AFW) and GSM Middle East to launch a super-premium, British international School on Qetaifan Island North, Qatar

Aplomado Investments & Fenton Whelan Real Estate (AFW) and GSM Middle East to launch a super-premium, British international School on Qetaifan Island North, Qatar

LONDON, 28th May, 2024: Global Schools Management (GSM), which owns over 165 schools, and educates over 45,000 students in the United..

China’s Geely to launch hybrids with more fuel-efficient engines

China’s Geely to launch hybrids with more fuel-efficient engines

SHANGHAI (Reuters) – China’s Geely Holding Group on Wednesday said it would launch a series of hybrid models in the first..

German consumer sentiment recovers further heading into June

German consumer sentiment recovers further heading into June

BERLIN (Reuters) – German consumer sentiment improved for the fourth month in a row heading into June as the outlook brightened..

Uber to offer Seine cruises, day trips in Paris during Olympics rush

Uber to offer Seine cruises, day trips in Paris during Olympics rush

The ride-hailing platform will offer its “Uber Cruises” free of charge from July 12 to August 3, and customers can also ..

BYD unveils new hybrid tech as battle with gasoline rivals heats up

BYD unveils new hybrid tech as battle with gasoline rivals heats up

SHANGHAI (Reuters) -China’s BYD launched on Tuesday the latest version of a plug-in hybrid technology that improves fuel and co..

Hess shareholders sign off on $53 billion sale to Chevron

Hess shareholders sign off on $53 billion sale to Chevron

By Sabrina Valle HOUSTON (Reuters) -Hess shareholders on Tuesday approved the proposed $53 billion merger with Chevron that paves the..

Global equity index dips as investors await inflation prints

Global equity index dips as investors await inflation prints

By Sinéad Carew and Alun John NEW YORK/LONDON (Reuters) -A global equities gauge fell slightly on Tuesday while U.S. indexes were a..

Dollar slips ahead of data, set for first monthly drop in 2024

Dollar slips ahead of data, set for first monthly drop in 2024

By Stefano Rebaudo (Reuters) -The dollar eased against most currencies on Tuesday ahead of key U.S. and euro zone inflation data late..

Mosaic Data Science’s Neural Search Solution Named the Top Insight Engine of 2024 by CIO Review

Mosaic Data Science’s Neural Search Solution Named the Top Insight Engine of 2024 by CIO Review

In a significant acknowledgment of its pioneering efforts in the realm of insight engines, Mosaic Data Science has been recognized as..

Virtual Trading in a Digital World: Leveraging AZUR SEZ’s Innovative Virtual City

Virtual Trading in a Digital World: Leveraging AZUR SEZ’s Innovative Virtual City

In today’s fast-paced and ever-evolving business environment, the demand for innovative solutions that cater to modern enterpris..

What is OPEC+ and how does it affect oil prices?

What is OPEC+ and how does it affect oil prices?

DUBAI (Reuters) – The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia are known collecti..

Oil edges higher after inflation gloom hit prices

Oil edges higher after inflation gloom hit prices

By Robert Harvey LONDON (Reuters) – Oil prices crept higher on Friday, having been under pressure from lingering concerns that ..

Dollar holds firm as traders trim US rate cut bets

Dollar holds firm as traders trim US rate cut bets

By Tom Westbrook and Amanda Cooper SINGAPORE/LONDON (Reuters) – The dollar was set for its largest weekly rise in a month-and-a..

Wall St rallies, Treasury yields steady ahead of holiday weekend

Wall St rallies, Treasury yields steady ahead of holiday weekend

By Stephen Culp NEW YORK (Reuters) – Wall Street rebounded and Treasury yields paused in the wake of upbeat economic data on Fr..

UK commercial property values stabilising despite offices drag, says British Land

UK commercial property values stabilising despite offices drag, says British Land

LONDON (Reuters) -Landlord British Land said UK commercial property values have begun to stabilise after a torrid period for real esta..

Mosaic Data Science Named Top AI & Machine Learning Company of 2024 by CIO Review

Mosaic Data Science Named Top AI & Machine Learning Company of 2024 by CIO Review

The data science consultancy is honored to have received this recognition for the second consecutive year. Leesburg, VA – May 14, 202..

Stellantis CEO: electric vehicle tariffs are a trap

Stellantis CEO: electric vehicle tariffs are a trap

MUNICH (Reuters) -Stellantis expects a major battle with Chinese rivals in the European market for electric vehicles, warning of sig..

Analysis-Europe stock pickers go old-school to ride the next wave in AI

Analysis-Europe stock pickers go old-school to ride the next wave in AI

By Lucy Raitano LONDON (Reuters) – European stock pickers are turning to more established sectors like utilities, professiona..

European shares to hit pause before rising again in 2025: Reuters poll

European shares to hit pause before rising again in 2025: Reuters poll

By Danilo Masoni and Samuel Indyk MILAN (Reuters) – A record-breaking run in European shares has made them more vulnerable to p..

Stocks stumble on inflation jitters, offsetting high Nvidia hopes

Stocks stumble on inflation jitters, offsetting high Nvidia hopes

By Tom Wilson LONDON (Reuters) -Shares fell on Wednesday as stronger-than-expected inflation in Britain offset hopes that AI-heavywei..

UK inflation pressure stays hot, dashing hopes for June rate cut

UK inflation pressure stays hot, dashing hopes for June rate cut

By Andy Bruce and Suban Abdulla LONDON (Reuters) -Inflation in Britain eased less than expected and a key core measure of prices bare..