DIY retailer Kingfisher cuts profit outlook again on weak French market
By James Davey LONDON (Reuters) -European home improvement retailer Kingfisher on Wednesday downgraded its full-year profit outlook f..
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Enel to invest 36 billion euros by 2026, be more selective on renewables
By Francesca Landini MILAN (Reuters) -Italy’s Enel plans 35.8 billion euros ($39 billion) gross capital expenditure in t..
Business
EU lawmakers urge COP28 climate summit to take aim at fossil fuels
By Kate Abnett BRUSSELS (Reuters) – The European Parliament called on Tuesday for a global deal at the U.N. COP28 climate summi..
Business
Britain to launch South Korea trade talks as president visits
LONDON (Reuters) -Britain rolled out the red carpet for South Korea’s president on Tuesday at the start of a state visit intende..
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Siemens Energy’s struggling wind unit plans $436 million in cost cuts
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Siemens Gamesa, the struggling wind division of Germany’..
Business
What is insider trading
Insider trading is a term that resonates within financial circles, often conjuring notions of illicit activities and legal repercussi..
Trading
Benefits of forex trading
In the dynamic world of financial markets, Forex trading has emerged as a powerful tool for individuals seeking to grow their wealth...
Trading
Explainer-Why calls for oil embargo on Israel are unlikely to go anywhere
By Ahmad Ghaddar LONDON (Reuters) -Israel’s military offensive in Gaza following an Oct. 7 attack by the enclave’s ruling..
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BBC scraps UK Top Gear show for ‘foreseeable future’ following crash
LONDON (Reuters) – The British version of the globally popular BBC car show ‘Top Gear’ will not return for t..
Business
Spain’s Grenergy to expand in US under $2.8 billion plan
By Pietro Lombardi MADRID (Reuters) – Spain’s Grenergy plans to more than double its U.S. solar power generation p..
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Firmer pound weighs on FTSE 100 ahead of interim budget; Ashtead tanks
By Siddarth S and Shashwat Chauhan (Reuters) -UK’s FTSE 100 dipped on Monday, weighed by a stronger pound and a slide in shares..
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European shares inch up after robust week; Bayer tanks
By Ankika Biswas and Bansari Mayur Kamdar (Reuters) -European shares edged higher on Monday after a strong week driven by aggressive ..
News
From Lululemon to Birkenstock, duplicate styles lure holiday shoppers
By Katherine Masters NEW YORK (Reuters) – Lauren Maginness is a fan of Lululemon. But the 31-year-old product marketer in New Y..
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Brent, US crude futures climb over 2% as OPEC cuts expected
By Erwin Seba HOUSTON (Reuters) -Brent and U.S. crude futures climbed more than 2.5%, gaining $2 a barrel on Monday, as further suppl..
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OpenAI appoints new boss as Sam Altman joins Microsoft in Silicon Valley twist
By Jeffrey Dastin, Anna Tong and Stephanie Kelly SAN FRANCISCO (Reuters) -OpenAI named ex-Twitch boss Emmett Shear as interim CEO, wh..
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Factbox-German budget crisis tests limits of its ‘debt brake’
BERLIN (Reuters) – Germany’s constitutional court ruled last week that the coalition government’s decision to re-al..
News
Who is OpenAI interim CEO Emmett Shear?
(Reuters) -ChatGPT-maker OpenAI has named ex-Twitch boss Emmett Shear as its interim chief executive officer after the startup ousted..
Technology
UK says new science initiative to work on climate-resilient crops
LONDON (Reuters) – British Prime Minister Rishi Sunak will announce a new science initiative to bring together work on developi..
News
Factbox-What is OPEC+ and how does it impact oil prices?
(Reuters) – The Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, are known as OPEC+ a..
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National Grid’s Massachusetts utilities submit clean energy investment plan
(Reuters) – Britain’s National Grid said on Friday its two utility firms in Massachusetts have submitted a clean energy in..
News
BP seeks partnerships to navigate renewables storm
By Christoph Steitz and Ron Bousso BERLIN/LONDON (Reuters) – BP is seeking partners for offshore wind projects in Japan and may..
News
Analysis-Fewer shoppers in Burberry stores complicates design overhaul
By Mimosa Spencer PARIS (Reuters) – The slowdown in the luxury market following a post-pandemic boom could not come at a worse ..
News
Dollar poised for steep weekly fall, yen trades below 150
NEW YORK/LONDON (Reuters) -The dollar headed toward one of its steepest weekly declines versus other major currencies this year on Fri..
Finance
Analysis-What China’s Xi gained from his Biden meeting
By Michael Martina, Trevor Hunnicutt and Greg Torode SAN FRANCISCO/HONG KONG (Reuters) -When Chinese President Xi Jinping met executi..
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EU reaches deal to stop sending waste to countries that can’t process it
PARIS (Reuters) – European Union lawmakers and member states have reached a deal to revise the bloc’s waste shipment regu..
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Analysis-China needs to pull ‘multiple levers’ for property turnaround, say analysts
By Clare Jim, Davide Barbuscia and Karin Strohecker HONG KONG/NEW YORK (Reuters) – China’s direct interventions to..
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Analysis-China needs to pull ‘multiple levers’ for property turnaround, say analysts
By Clare Jim, Davide Barbuscia and Karin Strohecker HONG KONG/NEW YORK (Reuters) – China’s direct interventions to ease a..
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Italian debt markets sanguine ahead of Moody’s ratings test
By Gavin Jones and Sara Rossi ROME (Reuters) – Investors will nervously await a review of Italy’s ratings on Frida..
Finance
Exclusivity the name of the game as luxury firms target China’s wealthiest for growth
By Casey Hall and Mimosa Spencer SHANGHAI/PARIS (Reuters) – The world’s biggest luxury brands seeking growth in th..
Business
Risk rally sputters as bullish investors pause
By Koh Gui Qing and Marc Jones NEW YORK/LONDON (Reuters) -World stocks snapped a five-day rally on Thursday as investors took a breat..
News
Citi CEO Fraser touts ‘clear benefits’ of diversifying supply chains
(Reuters) – Geopolitical tensions and macroeconomic shocks are spurring businesses and governments into reconfiguring their sup..
News
Explainer-What is Black Friday? And will shoppers find bargains this year?
By Juveria Tabassum and Savyata Mishra (Reuters) – Retailers are preparing for what they hope will be yet another record-settin..
News
Oil prices hit 4-month low on concerns about U.S., Chinese economy
By Stephanie Kelly NEW YORK (Reuters) -Oil prices dropped more than 5% on Thursday to their lowest in four months, as investors worri..
News
Exclusive-OpenAI explores how to get ChatGPT into classrooms
By Anna Tong SAN FRANCISCO (Reuters) – OpenAI, whose generative AI products initially raised fears of widespread cheating on ..
News
Sweden plans new nuclear reactors by 2035, will share costs
By Simon Johnson STOCKHOLM (Reuters) – Sweden’s government said it aimed to build the equivalent of two new conventional ..
Featured
International value-chain linkages help to better understand competition and explain individual success
Competition is essential for economic growth, and nowadays companies and entire countries compete globally. Ivan Savin and Philipp M..
Business
BoE’s Greene: Investors have missed ‘higher for longer’ message
LONDON (Reuters) -Bank of England rate-setter Megan Greene said on Thursday that global investors had not fully caught on to the prosp..
Finance