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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Factbox-Companies invest in EV battery factories in Europe
(Reuters) – Europe is seeking to lure electric vehicle (EV) battery makers to build factories in the region as the bloc –..
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Harry Potter publisher Bloomsbury’s annual profit rises as readers lap up novels
(Reuters) -Bloomsbury Publishing posted a rise in full-year profit on Wednesday, helping the Harry Potter publisher propose a 10% hik..
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Exclusive-Credit Suisse axes China bank plan to avoid regulatory conflict under UBS-sources
By Engen Tham, Summer Zhen and Selena Li HONG KONG/SHANGHAI (Reuters) -Credit Suisse has scrapped plans to set up a locally incorpora..
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Private astronaut crew, including first Arab woman in orbit, returns from space station
By Steve Gorman (Reuters) -An all-private astronaut team of two Americans and two Saudis, including the first Arab woman sent into or..
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Top AI CEOs, experts raise ‘risk of extinction’ from AI
By Supantha Mukherjee and Martin Coulter STOCKHOLM/LONDON (Reuters) – Top artificial intelligence (AI) executives including Ope..
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Mexico’s FEMSA launches second 3 billion euro sale of Heineken shares
MEXICO CITY (Reuters) – Mexican bottler FEMSA on Tuesday offered 3.3 billion euros ($3.63 billion) worth of its shares in Heine..
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Lumber e-Commerce platform MaterialsXchange relaunches with new features and order management tools
Byline: Alex Rabens, Founder and Chief Executive Officer, Mickey Traditionally buying and selling lumber used in constru..
Business
Nestle hires LSEG’s Anna Manz as CFO
By Richa Naidu and Friederike Heine LONDON/BERLIN (Reuters) – Nestle, the world’s biggest packaged food company, said on ..
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Unilever CFO Pitkethly to leave company by May 2024
By Richa Naidu and Eva Mathews (Reuters) – Unilever Plc said on Tuesday Chief Financial Officer Graeme Pitkethly would leave th..
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UK’s Asda to buy EG petrol stations unit in $2.9-billion deal
LONDON (Reuters) -British supermarket Asda said it would buy the bulk of petrol station operator EG Group’s UK and Ireland busi..
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