France’s AXA Q1 sales rise 2% as property policy demand grows
PARIS (Reuters) -AXA, Europe’s second-biggest insurance company, said first quarter sales rose 2% from the same period a year e..
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The Decline of Regional Manufacturing: Causes and Solutions
By Keith Lambert, President — Oxidizers, Inc. Manufacturing has been an integral part of the world for centuries, providing employme..
Business
Analysis-Jet orders boom as airlines fear shortage
By Tim Hepher PARIS (Reuters) – Planemakers can’t build them but airlines can’t stop buying them. Even as they wres..
News
Oil prices head for fourth weekly drop as demand fears weigh
By Rowena Edwards LONDON (Reuters) -Oil prices slipped on Friday, heading for a fourth weekly decline, as renewed economic concerns i..
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G7 finance heads face tricky trade-off in debating steps to counter China
NIIGATA, Japan (Reuters) -Finance leaders of the Group of Seven (G7) advanced economies will debate this week the idea of implementing..
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Orpea slides to annual loss of 4 billion euros on asset depreciation
By Diana Mandia and Federica Mileo (Reuters) -French nursing care provider Orpea, hit by multiple scandals including allegations of m..
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UK finance minister Hunt: Good news the economy is growing
LONDON (Reuters) – Britain’s finance minister Jeremy Hunt on Friday welcomed the latest GDP data which showed the economy..
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Audit finds holes in ECB’s management of bank credit risk
FRANKFURT (Reuters) – European Central Bank supervisors are often too lenient with banks in how they manage credit risk, especi..
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With UK food price inflation at 46-year high, lawmakers launch probe
By James Davey LONDON (Reuters) – British lawmakers launched an investigation on Friday into the fairness of the country’..
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Carrefour Brasil in talks with Barzel Properties over $260 million deal
SAO PAULO (Reuters) – Carrefour Brasil said on Thursday it has entered into exclusive talks with Barzel Properties for the sale..
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Shell shareholders urged by LAPFF to back climate activist’s resolution
By Shadia Nasralla LONDON (Reuters) – Shell shareholders should support a climate activist resolution at its annual general meet..
Finance
Nexi open to options as Banco BPM seeks partner
By Valentina Za MILAN (Reuters) -Italian payments giant Nexi is keen to enter partnerships with lenders and will adjust to their pref..
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Swiss prepare to evacuate village threatened by vast landslide
BRIENZ, Switzerland (Reuters) – Swiss authorities have ordered residents to abandon a tiny mountain village in the eastern cant..
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France could tax food industry over high prices – finance minister
PARIS (Reuters) – The French government could use tax measures to claw back profits from the food industry if it does not accep..
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UK brings train operator TransPennine under temporary state control
LONDON (Reuters) -Britain said it will bring TransPennine Express under temporary government control as it cancelled its contract to ..
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Snam confirms guidance after rise in first quarter sales
MILAN (Reuters) – Italian gas grid operator Snam on Thursday confirmed its targets for this year after reporting a 13% year-on-..
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Man Group picks all-female top team as CEO Ellis retires
By Iain Withers and Sinead Cruise LONDON (Reuters) – Man Group will be led by two women for the first time in its history by th..
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Italy’s Iveco ups 2023 guidance after operating profit jump
(Reuters) – Italian truckmaker Iveco on Thursday raised its guidance for this year, after posting a 63.4% rise in adjusted oper..
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Bank of America opens Luxembourg branch in Europe funds push
LONDON (Reuters) – Bank of America has hired former BNP Paribas banker Benoit Nevouet to be the manager of a newly created Luxe..
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Canada unveils new passport design with more security features, nod to King Charles
By Jenna Zucker (Reuters) – Canada on Wednesday unveiled a new design for passports with advanced security features including a..
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Panasonic delays production of new Tesla battery to improve performance
By Hyunjoo Jin and Kiyoshi Takenaka SAN FRANCISCO/TOKYO (Reuters) – Panasonic said on Wednesday that it will delay the commerci..
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Google takes wraps off its answer to Microsoft’s AI search challenge
By Jeffrey Dastin and Greg Bensinger MOUNTAIN VIEW, California (Reuters) -Alphabet Inc’s Google on Wednesday unveiled more artif..
Technology
Analysis-Investors’ route to post-COVID China is via Europe
By Alun John and Ankur Banerjee LONDON/SINGAPORE (Reuters) – Investors are getting more bang for their buck this year by buying..
Finance
Sterling hits five-month high against euro before BoE decision
By Harry Robertson LONDON, (Reuters) – The pound rose to a five-month high against the euro on Wednesday as traders bet a rate ..
News
UK firms cut hiring of permanent staff, recruiters’ survey shows
LONDON (Reuters) – British firms reduced hiring of permanent staff via recruitment agencies at the fastest pace in more than tw..
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TUI sees summer travel demand ‘significantly’ lifting 2023 profit
LONDON (Reuters) -German travel firm TUI said it expects strong revenue and higher profit in 2023 on the back of a jump in summer book..
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French retailer Casino’s shares slump 6% after S&P downgrade
PARIS (Reuters) -Shares in French retailer Casino fell more than 6% on Wednesday after Standard & Poor’s cut its long-term ..
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Grocery retailer Ahold Delhaize sees Europe’s food inflation slowing
(Reuters) -Supermarket group Ahold Delhaize expects food inflation in Europe to slow in the second half of this year, CEO Frans Mulle..
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ASOS reports first-half loss as shoppers cut back
LONDON (Reuters) -ASOS, Britain’s one-time poster child for the shift to online fashion retailing, swung to a first-half loss, ..
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Dufry sales more than double on travel rebound, Autogrill acquisitionv
(Reuters) – Swiss duty-free retailer Dufry on Wednesday reported a 113.4% jump in its first-quarter turnover, beating market es..
News
E.ON to hit upper end of 2023 outlook after strong Q1
FRANKFURT (Reuters) -E.ON, Europe’s largest energy networks operator, expects to hit the upper end of its profit outlook in 202..
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Dollar eases before inflation data, with nagging worries over debt ceiling impasse
By Rae Wee SINGAPORE (Reuters) – The dollar weakened broadly on Wednesday after U.S. President Joe Biden and top lawmakers fail..
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Ryanair places major Boeing order after jet price spat
By Valerie Insinna, Padraic Halpin and Tim Hepher WASHINGTON/DUBLIN (Reuters) -Ireland’s Ryanair agreed a multibillion-dollar d..
Business
Oil eases on lackluster Chinese import data, U.S. economy woes
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices fell on Tuesday, retreating from strong gains of the previous two sessions due to ..
Finance
Eurovision 2023 opens with acts walking Liverpool’s ‘Turquoise Carpet’
LIVERPOOL, England (Reuters) – Eurovision 2023 kicked off on Sunday when 37 contenders walked the “Turquoise Carpet”..
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Britain’s JD Sports to buy France’s Courir in $572 million deal
(Reuters) -JD Sports Fashion has proposed buying France’s Groupe Courir for an enterprise value of 520 million euros ($572 milli..
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Italy’s MPS vows to keep delivering after sharp profit jump
MILAN (Reuters) -Italy’s Monte dei Paschi di Siena (MPS) pledged on Tuesday to maintain the state-owned bank’s performance..
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