World Bank cuts 2024 global growth forecast as rate hikes bite but lifts 2023 outlook
By David Lawder WASHINGTON (Reuters) -The World Bank on Tuesday raised its 2023 global growth outlook as the U.S., China and other ma..
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Oil rises on Saudi plan to deepen output cuts from July
By Noah Browning LONDON (Reuters) – Oil prices rose by more than $1 a barrel on Monday after top crude exporter Saudi Arabia pl..
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Richard Teng seen as potential successor to Binance’s Changpeng Zhao -reports
(Reuters) – Richard Teng, Binance’s head of regional markets outside the United States, is seen as the most likely candid..
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Euro zone business growth slowed in May as factories struggled-PMI
LONDON (Reuters) – Euro zone business activity was shored up last month by the bloc’s dominant services industry offsetti..
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Volvo Cars sales up 31% in May
HELSINKI (Reuters) – Sweden-based Volvo Cars on Monday posted a 31% rise in monthly sales figures year-on-year, saying it had s..
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Novo Nordisk in talks buy controlling stake in Biocorp
(Reuters) – Danish drug developer Novo Nordisk said on Monday it had started talks to buy a controlling stake in French medical..
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UK auto industry body says new car sales rise in May, but below pre-COVID level
(Reuters) – Britain’s new car sales still below pre-pandemic level despite a rise it witnessed in May from a year earlier..
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Barclays Private Bank makes senior appointments in Singapore – statement
SINGAPORE (Reuters) – Barclays Private Bank said on Monday it has made two senior appointments in its Singapore office in a mov..
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Bourse operator ASX takes action for trading software’s operational reliability
(Reuters) – Australia’s bourse operator ASX Ltd said on Monday it had submitted a special report for its Clearing House El..
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Irish domestic economy returns to growth in first quarter
DUBLIN (Reuters) – Ireland’s domestic economy returned to growth in the first three months of the year after a shallow re..
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Elan Closs Stephens named BBC acting chair
LONDON (Reuters) -Britain on Friday appointed BBC board member Elan Closs Stephens as the public broadcaster’s acting chair, re..
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Volkswagen brings VW bus back to North American market after 20 years
FRANKFURT (Reuters) – Volkswagen will start selling battery-powered versions of its VW bus in North America from 2024 onwards, ..
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Vodafone faces German probe over suspected obstruction of 1&1
Vodafone faces German probe over suspected obstruction of 1&1
BERLIN (Reuters) -Vodafone and its German subsidiary Vantage Towers are facing an antitrust investigation in Germany over concerns that it may have c..
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World food prices fall to two-year low in May – UN food agency
PARIS (Reuters) -The United Nations food agency’s world price index fell in May to its lowest in two years, as a slump in price..
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New Tiananmen museum opens in New York ahead of June 4 anniversary
By Aleksandra Michalska and Michael Martina NEW YORK (Reuters) -The hope for a “free China” lives on in a new Manhattan m..
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U.S. regulation fears drive insurers’ climate alliance break-up
LONDON (Reuters) -The success of Republicans in triggering the break-up of a coalition of insurance firms aimed at tackling climate ch..
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Hungary looking for ‘friendly’ co-investor to acquire Budapest Airport
BUDAPEST (Reuters) – Hungary’s government is looking for a “friendly” co-investor to acquire Budapest Airport..
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Irish state, Britain’s NatWest to sell 6% stake in Permanent TSB
LONDON/DUBLIN (Reuters) -Ireland’s finance ministry and British lender NatWest Group said on Thursday they would together sell 6..
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Stocks surge in Asia as US averts default, Fed pause bets rise
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks jumped on Friday on increasing expectations that the Federal Reserve might..
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Understanding the new SAP cloud mindset
SAP partners have been delivering cloud services for years, so why is SAP now talking about the importance of developing a cloud mind..
Technology
IKEA stores owner Ingka starts on first New Zealand store
STOCKHOLM (Reuters) – IKEA stores owner Ingka group has announced the official start of work on its delayed first store in New Z..
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UK house prices fall by most since 2009, higher rates to bite-Nationwide
LONDON (Reuters) -British house prices fell by the most since 2009 in the 12 months to May and the country’s housing market fac..
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Royal wedding showpiece highlights Jordan’s role as West’s stable ally
By Suleiman Al-Khalidi AMMAN (Reuters) -The heir to Jordan’s throne will marry amid much fanfare on Thursday, in a glittering c..
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SNB defends raising rates, says not to blame for Credit Suisse failure
(This May 31 story has been corrected to clarify that Jordan’s comment referred to another bank and not Credit Suisse, in parag..
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Internet data growth has not pushed up telcos’ network costs, Dutch government says
By Foo Yun Chee BRUSSELS (Reuters) – The Dutch government has stepped up its criticism of a push by EU telecoms operators to ge..
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Global factories struggle for momentum amid patchy demand
LONDON/TOKYO (Reuters) -Sluggish global demand deepened the decline in manufacturing activity across Europe and remained a major chall..
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Sugar group Tereos reports leap in core profit as prices rise
PARIS (Reuters) – French sugar and ethanol group Tereos on Thursday posted a strong rise in sales and earnings for its 2022/23 ..
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Major central banks renew rate hike push in May
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – The pace of interest rate hikes across major central banks showed l..
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Dr Martens tripped up by tough U.S. market
By Eva Mathews and Helen Reid (Reuters) -Dr Martens shares dropped more than 10% on Thursday after the British bootmaker warned inves..
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Dollar rises as U.S. debt bill passes House, euro slides ahead of inflation
By Rae Wee and Joice Alves SINGAPORE/LONDON (Reuters) – The dollar rose on Thursday after a vote of approval from the U.S. Hous..
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New global renewables capacity additions to rise by a third this year – IEA
By Nina Chestney LONDON (Reuters) – Global additions of renewable power capacity are expected to rise by a third this year, the..
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BRICS ministers meet in push to establish group as counterweight to West
By Wendell Roelf CAPE TOWN (Reuters) – Foreign ministers from the BRICS countries are meeting in South Africa from Thursday as ..
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Oil rises on potential U.S. rate hike pause, debt bill passing
By Arathy Somasekhar and Andrew Hayley BEIJING (Reuters) -Oil prices rose on Thursday, reversing earlier losses, as a potential pause..
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Liberty Global and Warner Bros Discovery owners weigh deal for All3Media -sources
By Amy-Jo Crowley LONDON (Reuters) – The owners of All3Media, Britain’s largest independent TV production company, are ex..
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EU plans for company human rights, environment checks face new hurdle
By Huw Jones LONDON (Reuters) – Lawmakers in the European Parliament sought on Wednesday to water down groundbreaking European ..
Business
UK has bigger inflation problem than US or euro zone – BoE’s Mann
By David Milliken LONDON (Reuters) – Britain has a bigger inflation problem than the United States or the euro zone, with both ..
Finance
B&M sees higher profit as Britons hunt for bargains
By Prerna Bedi and Yadarisa Shabong (Reuters) – British discount retailer B&M on Wednesday forecast higher core earnings fo..
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