Nestle increases local sourcing in South Africa with new processing plant
By Anait Miridzhanian HAMMANSKRAAL, South Africa (Reuters) – Swiss food company Nestle said on Tuesday it would be locally sour..
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How Web3 technology is reshaping the landscape of music streaming platforms
By Andrew Antar, Founder & CEO — Tune.FM Music streaming platforms have revolutionized the way we access and listen to our favo..
Technology
Enhance reflects on Q2 2023
Enhance is the leading investment monitoring and advisory boutique for fiduciaries, family offices and charities a..
Business
Swedbank profit exceeds forecast as real estate slump leaves scant mark
By Niklas Pollard STOCKHOLM (Reuters) -Swedish banking group Swedbank reported a bigger-than-expected rise in net profit on Tuesday o..
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Greece to begin selling bank stakes this autumn-sources
ATHENS (Reuters) – Greece will this autumn start selling stakes in its four largest banks, sector officials and bankers said on..
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Japan PM Kishida in Abu Dhabi for energy, green tech talks
By Rachna Uppal ABU DHABI (Reuters) – Japanese Prime Minister Fumio Kishida arrived in the United Arab Emirates on Monday for t..
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Global temperatures near record highs as US, China meet on climate
By Charlie Devereux MADRID (Reuters) – Global temperatures were soaring to historic highs as the world’s two biggest carb..
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German economy may disappoint as sentiment worsens – Bundesbank
FRANKFURT (Reuters) – The German economy may shrink by more this year than expected only a few weeks ago despite a small bounce..
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Spain election: Bike lanes, low-emission zones in crosshairs in rightist-run cities
By Belén Carreño and Pietro Lombardi MADRID/VALLADOLID (Reuters) – Aiming to highlight the city of Valladolid’s green cre..
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TomTom lifts 2023 forecasts after new maps help beat Q2 expectations
By Augustin Turpin (Reuters) -Digital mapping specialist TomTom on Monday raised its full-year revenue and free cash flow forecasts a..
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CDS panel rules UBS is sole successor to Credit Suisse after merger
LONDON (Reuters) -A committee that reviews disputes in the credit default swaps (CDS) market said on Monday that UBS is the sole succ..
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Luxury group Richemont boosted by Asia recovery but Americas weigh
By John Revill ZURICH (Reuters) -Luxury group Richemont reported a 14% increase in first- quarter sales on Monday, boosted by a stron..
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Belgium telecom provider Proximus to buy majority stake in India’s Route Mobile
BENGALURU (Reuters) – Belgian telecom service provider Proximus Group on Monday said it will buy a 57.56% stake in Route Mobile..
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Russian scientists warn of powerful solar flare activity on Monday
(Reuters) – Powerful solar flare activity is forecast for Monday which may interfere with short-wave communications, Russian sc..
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UN Security Council to hold first talks on AI risks
LONDON (Reuters) – The United Nations Security Council will hold its first formal discussion on artificial intelligence (AI) th..
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StanChart to sell sub-Saharan Africa business to Access Bank
DUBAI (Reuters) – Standard Chartered said on Friday it has reached an agreement to sell its subsidiaries in sub-Saharan Africa ..
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Small business distress index hits mid-2020 high
By Chiara Elisei LONDON (Reuters) – Corporate distress among small and medium-sized enterprises (SMEs) hit its highest since mi..
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Auto lobby urges Spain’s next government to commit to decarbonisation
((This July 12 story has been corrected to clarify that the forecast is for all car sales in Spain, not just EV sales, in paragraph 8..
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Signs ‘crypto winter’ ending as regulatory fog begins to lift
By Tom Westbrook and Rae Wee SINGAPORE (Reuters) -Cryptocurrencies were testing year highs on Friday as a run of favourable regulator..
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Italy’s luxury groups set aside rivalries to keep it local
By Elisa Anzolin MILAN (Reuters) – Italy’s luxury fashion groups, which for decades jealously guarded their independence,..
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Euro zone ministers agree on gradual wind-down of spending
BRUSSELS (Reuters) – Euro zone finance ministers agreed on Thursday that the single currency area needed a “determined, gr..
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Ericsson’s quarterly operating profit declines, beats expectations
By Martin Coulter LONDON (Reuters) – Sweden’s Ericsson reported a 62% fall in second-quarter adjusted operating profit on..
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Exclusive-Canada unfreezes talks with Turkey on export controls after NATO move-source
By Jonathan Spicer and Huseyin Hayatsever ANKARA (Reuters) -Canada has unfrozen talks with Turkey on lifting export controls on drone..
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Bosch ups investment in hydrogen, begins fuel-cell power module production
BERLIN (Reuters) – German auto supplier Bosch will invest almost 2.5 billion euros ($2.8 billion) in hydrogen fuel cell technol..
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Elon Musk thinks China is interested in an international AI framework
By Kanishka Singh and Anna Tong WASHINGTON (Reuters) -Billionaire Elon Musk said on Wednesday he thinks China is interested in a coop..
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UK’s Domino’s Pizza Group names new CEO
(Reuters) -Domino’s Pizza Group said on Thursday Andrew Rennie, who has served as the Europe chief for a major franchise operat..
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Discount retailer Pepco’s sales growth slows
LONDON (Reuters) -European discount retailer Pepco Group reported a slowdown in underlying sales growth in its latest quarter on Thur..
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Big companies toughen banking partner screening after crisis – survey
By Laura Matthews NEW YORK (Reuters) – Large companies are spreading out their counterparty risk and increasing screening of th..
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Wall Street cheers cool CPI with stock rally; dollar, yields decline
By Lawrence Delevingne (Reuters) -Wall Street stocks advanced on Wednesday and the dollar and Treasury yields fell after new U.S. inf..
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British digital bank Monzo in talks to buy Nordic lender Lunar
LONDON (Reuters) – British digital bank Monzo is in early stage discussions about a potential acquisition of Nordic lender Luna..
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Germany more flexible on hydrogen transition, emphasises speed – draft
FRANKFURT (Reuters) – Germany is set to hold on to its hydrogen economy goals up to 2030 and beyond while pressing for speed an..
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Smurfit Kappa eyes wider North Africa expansion after Morocco opening
By Padraic Halpin DUBLIN (Reuters) -Europe’s largest paper and packaging producer Smurfit Kappa expects the opening of its firs..
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Bank of England says Britain is coping with higher interest rates
By David Milliken, Huw Jones and William Schomberg LONDON (Reuters) -Britain’s economy is so far proving resilient to a surge i..
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Exclusive-SoftBank considering US listing for its PayPay business – sources
By Sam Nussey and Miho Uranaka TOKYO (Reuters) -SoftBank is considering a U.S. listing for its PayPay payments business, three source..
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Oil steadies amid economic concerns, higher U.S. crude stocks
By Laura Sanicola and Trixie Yap (Reuters) -Oil prices barely moved on Wednesday as markets weighed a possible build in U.S. crude st..
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IBM mulls using its own AI chip in new cloud service to lower costs
By Stephen Nellis SAN FRANCISCO (Reuters) – International Business Machines (IBM) is considering the use of artificial intellig..
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Zara owner boosts sustainability goals as fast-fashion feels the heat
By Corina Pons and Helen Reid MADRID/LONDON (Reuters) -Zara owner Inditex said on Tuesday it will look to recycling and sustainably f..
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