Lyft projects strong fourth-quarter bookings on robust commuter demand, shares jump
By Akash Sriram (Reuters) -Lyft on Wednesday forecast current-quarter gross bookings above estimates after posting upbeat quarterly sa..
News
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Coty sees annual profit at low end of forecast as mass beauty demand slows
(Reuters) – Coty on Wednesday said it expects annual profit to come in at the low end of its forecast, as weak demand for be..
News
Italy opens procedure against Sinochem over Pirelli possible governance breach
MILAN (Reuters) – Pirelli said on Wednesday that Italy’s Prime Minister’s Office opened an administrative proced..
News
Safran appoints new CEOs for its Aircraft Engines, Electrical & Power units
(Reuters) – Safran has appointed Stephane Cueille as CEO of its Aircraft Engines unit, replacing Jean-Paul Alary effective in th..
News
UK orders China-registered firm to sell stake in Scottish chip company
LONDON (Reuters) – The British government on Wednesday ordered China-registered Future Technology Devices International Hold..
News
NEW LEADERSHIP TEAM DRIVES MAJOR YEAR-ON-YEAR GROWTH AT INFINOX CAPITAL LIMITED
Companies House filings show a 117% increase in pre-tax profits and 70% reduction in administration costs New Leadership Team inclu..
Business
China wants talks on trade measures at COP29 climate summit, document shows
By Kate Abnett BRUSSELS (Reuters) – China has requested that countries hold talks at next week’s COP29 U.N. climate summit..
News
Cycling-Britain’s Froome dreaming of one last Tour de France
(Reuters) – Four-times Tour de France champion Chris Froome says he dreams of competing in the world’s greatest cycling ra..
News
The Psychology of Trading: THERE WILL BE STRESS
The psychological challenges of trading are often underestimated by new traders. When you first start to stake real money on your abil..
Trading
Walmart, other US retailers import fewer Christmas goods ahead of tepid holiday season
By Richa Naidu, Aishwarya Venugopal and Siddharth Cavale (Reuters) – Santa Claus is not delivering as many Christmas trees, toys..
Business
CFE Finance Group acquires 100% of TechStar, a leader in the Metaverse A €6 million investment in the Meta Presence® platform
CFE Finance Group, an investment banking boutique, has acquired 100% of TechStar, a pioneering company in industrial metaverse technol..
Business
DHL reports Q3 net income below expectations
(Reuters) -German logistics giant DHL reported a third quarter net income of 751 million euros ($817 million) on Tuesday, missing anal..
Business
Shein’s European entity reports 68% sales growth in 2023
By Helen Reid LONDON (Reuters) -Sales by Shein’s Ireland-registered entity Infinite Styles Ecommerce Co grew 68% in 2023, hittin..
News
KPMG to lay off less than 4% of US audit workforce, source says
(Reuters) -KPMG will lay off less than 4%, or about 330 people, of its audit workforce in the United States, a source familiar with th..
News
Sterling extends bounce off recent lows as U.S. election in focus
By Medha Singh (Reuters) – The British pound bounced against a tepid dollar on Monday ahead of high-stakes events this week that..
Finance
China EV price deal needs be as effective as tariffs, says EU official
BRUSSELS (Reuters) – Any agreement reached with Chinese producers on minimum prices for electric vehicles would need to be as ef..
Business
Ryanair H1 profit falls 18% on lower fares, but price weakness moderating
By Conor Humphries DUBLIN (Reuters) -Budget airline Ryanair said on Monday that average fares fell 10% in the six months ended Septemb..
News
Swedish government commission recommends easing mortgage repayment rules
STOCKHOLM (Reuters) – Sweden should ease rules on mortgage borrowing and repayment which have made it harder for new buyers to g..
News
German companies’ hiring plans drop to four-year low, Ifo finds
BERLIN (Reuters) – German companies are less willing to hire new staff than at any point in more than four years, data from the ..
News
Burberry shares jump on Moncler bid report
(Reuters) -Burberry shares rose as much as 8% on Monday after a media report said Italian luxury outerwear maker Moncler was consideri..
Business
Early action can mitigate flood destruction, UN climate agency says
BERLIN (Reuters) – Effective flood warning systems could help to avoid the level of destruction that has occurred in the Valenci..
Opinion
Taiwan cleans up as remnant of Typhoon Kong-rey brushes Chinese coast
TAIPEI (Reuters) -Taiwan cleared up and offices and financial markets re-opened on Friday after the powerful Typhoon Kong-rey swept th..
Featured
Soccer-Liverpool boss Slot expecting different game against Brighton
(Reuters) – Liverpool’s League Cup victory at Brighton & Hove Albion this week will count for little when they meet in..
Featured
BOJ should wait at least six months for rate hike, says opposition kingmaker
By Makiko Yamazaki, Takaya Yamaguchi and Tim Kelly TOKYO (Reuters) -The Bank of Japan should wait for at least six months before hikin..
Finance
Exclusive-Chinese researchers develop AI model for military use on back of Meta’s Llama
By James Pomfret and Jessie Pang (Reuters) -Top Chinese research institutions linked to the People’s Liberation Army have used M..
Technology
Asia’s factory activity stagnates, taking shine off rebound in China
By Leika Kihara TOKYO (Reuters) – Asia’s manufacturing activity stagnated in October as a rebound in China failed to give ..
Industries
Virgin Money UK picks insider Gergely Zaborszky as next CFO
(Reuters) – British lender Virgin Money UK said on Wednesday that insider Gergely Zaborszky would take on the role of its CFO, a..
News
Amundi’s Q3 net inflows profit from ETF demand, Asian operations
By Mathieu Rosemain PARIS (Reuters) – Amundi, Europe’s biggest fund manager, posted in-line quarterly inflows on Wednesday..
News
French economy expanded 0.4% in Q3, INSEE says
PARIS (Reuters) -French economic growth beat estimates by accelerating by 0.4% in the third quarter 2024 from 0.2% in the secon..
News
Ericsson signs 5G ORAN deal with Spain’s MasOrange
By Supantha Mukherjee STOCKHOLM (Reuters) – Ericsson has signed a 5G deal with Spain’s largest telecoms operator, M..
Business
More companies planning price hikes in Germany, survey finds
BERLIN (Reuters) – Companies in Germany’s industrial, retail and corporate services sectors are planning more price..
News
Covestro trims 2024 profit target again in a tough economy
(Reuters) -German chemicals maker Covestro lowered the upper end of its full-year core profit forecast range on Tuesday for the second..
News
Volkswagen’s Traton reports higher sales in weak truck market
(Reuters) -Volkswagen’s truck unit Traton on Monday reported a 3% rise in nine-month revenue amid subdued demand for comm..
Business
Novartis to pay Monte Rosa $150 million upfront to develop a new class of drugs
(Reuters) – Swiss pharmaceutical giant Novartis will pay Monte Rosa Therapeutics $150 million upfront payment for a globa..
News
Analysis-Musk’s bold 2025 prediction on Tesla sales faces skepticism, scrutiny
By Abhirup Roy Tesla CEO Elon Musk stunned investors and analysts with plans to grow vehicle sales by 30% next year, buoyed by a new, ..
Industries
London stocks climb, energy shares keep gains in check
By Shubham Batra (Reuters) – The UK’s benchmark FTSE 100 index rose on Monday, led by travel and leisure shares as Trainli..
Trading
Analysis-Bricks over clicks as shops come back into fashion in Europe
By Alberto Chiumento and Paolo Laudani (Reuters) – The rise of online shopping has led to swathes of store closures, casting dou..
Business