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FTSE 100 touches five-month closing high on optimism over rate cuts

FTSE 100 touches five-month closing high on optimism over rate cuts

  By Pranav Kashyap and Sruthi Shankar (Reuters) -The UK’s FTSE 100 closed at a near five-month high on Thursday, as pest c..

Denmark’s central bank cuts key interest rate to 2.85%, mirroring ECB

Denmark’s central bank cuts key interest rate to 2.85%, mirroring ECB

  COPENHAGEN (Reuters) – Denmark’s central bank cut its key policy interest rate by 25 basis points to 2.85% on Thurs..

Heightened Egyptian demand in tight market buoys European fuel oil prices

Heightened Egyptian demand in tight market buoys European fuel oil prices

By Robert Harvey and Ahmad Ghaddar LONDON (Reuters) – A spike in Egyptian imports of fuel oil used for power generation has coin..

ECB cuts rates once more as euro zone economy sags

ECB cuts rates once more as euro zone economy sags

By Francesco Canepa and Balazs Koranyi (Reuters) -The European Central Bank cut interest rates on Thursday for the third time this yea..

Wall St follows European shares higher after solid retail sales data

Wall St follows European shares higher after solid retail sales data

By Stephen Culp NEW YORK (Reuters) – U.S. stocks followed their European counterparts higher on Thursday as investors parsed an ..

Dollar jumps as retail sales confirm strong US economy

Dollar jumps as retail sales confirm strong US economy

By Karen Brettell NEW YORK (Reuters) – The dollar jumped to an 11-week high on Thursday after data showed that U.S. retail sales..

Germany moves to strengthen domestic wind power industry

Germany moves to strengthen domestic wind power industry

By Riham Alkousaa BERLIN (Reuters) -Germany is planning state guarantees for wind energy production, it said on Thursday, as part of a..

Amazon reveals its first color Kindle e-reader after years of development

Amazon reveals its first color Kindle e-reader after years of development

  By Greg Bensinger SAN FRANCISCO (Reuters) – Amazon on Wednesday announced its first color Kindle e-reader following years..

BHP iron ore output beats, copper production edges up on better grades at Escondida

BHP iron ore output beats, copper production edges up on better grades at Escondida

  By Rishav Chatterjee (Reuters) -Global miner BHP beat first-quarter iron ore output estimates on Thursday, spurred by easing of..

Smaller UK firms need help to end ‘doom loop’, think tank says

Smaller UK firms need help to end ‘doom loop’, think tank says

  LONDON (Reuters) – Britain’s smaller listed companies can reverse a “doom loop”, driven by plummeting v..

Airbus to cut up to 2,500 jobs in defence and space

Airbus to cut up to 2,500 jobs in defence and space

  By Tim Hepher PARIS (Reuters) -Airbus announced plans on Wednesday to cut up to 2,500 jobs in its Defence and Space division af..

Morgan Stanley profit exceeds forecasts on dealmaking surge; shares jump to record

Morgan Stanley profit exceeds forecasts on dealmaking surge; shares jump to record

By Tatiana Bautzer, Manya Saini and Niket Nishant (Reuters) – Morgan Stanley’s profit surpassed estimates on a bumper thir..

Adyen co-founder’s new firm Tebi raises $22 million to expand

Adyen co-founder’s new firm Tebi raises $22 million to expand

  By Toby Sterling AMSTERDAM (Reuters) – The co-founder of payments giant Adyen has begun scaling up his new business softw..

GSK sues Moderna for US patent infringement over COVID, RSV vaccines

GSK sues Moderna for US patent infringement over COVID, RSV vaccines

  By Blake Brittain (Reuters) -British drugmaker GlaxoSmithKline sued Moderna in U.S. federal court in Delaware on Tuesday, accus..

French bank Credit Agricole to buy 50% of GAC’s leasing unit

French bank Credit Agricole to buy 50% of GAC’s leasing unit

  By Mathieu Rosemain and Sudip Kar-Gupta PARIS (Reuters) -Credit Agricole is planning to buy a 50% stake in the leasing unit of ..

Tech stocks hurt STOXX 600, ASML logs biggest one-day drop in 26 years

Tech stocks hurt STOXX 600, ASML logs biggest one-day drop in 26 years

  By Paolo Laudani, Ankika Biswas and Johann M Cherian (Reuters) -European shares posted their biggest one-day drop in over two w..

Adidas raises 2024 guidance again, citing good brand momentum

Adidas raises 2024 guidance again, citing good brand momentum

  (Reuters) -Adidas on Tuesday raised its full-year sales and profit guidance, citing better than expected performance in the thi..

Britain’s SSE rebuffed EDP proposal to merge, sources say

Britain’s SSE rebuffed EDP proposal to merge, sources say

  By Andres Gonzalez, Sarah McFarlane and Sergio Goncalves LONDON (Reuters) – Portugal’s main power utility EDP initi..

Blackstone to invest $8.2 billion in data centres in northeastern Spain

Blackstone to invest $8.2 billion in data centres in northeastern Spain

  MADRID (Reuters) – Blackstone, the world’s largest alternative asset manager, plans to invest 7.5 billion euros ($8..

Prospering in Economic Uncertainty: A Strategic Guide for Entrepreneurs

Prospering in Economic Uncertainty: A Strategic Guide for Entrepreneurs

In times of economic uncertainty, rising inflation, and financial instability, entrepreneurs need to embrace strategies that promote r..

Spain 12-month EU-harmonised inflation falls to 1.7% in September

Spain 12-month EU-harmonised inflation falls to 1.7% in September

  (Reuters) – Spain’s European Union-harmonised 12-month inflation fell to 1.7% in September, down from 2.4% in the p..

Adobe starts roll-out of AI video tools, challenging OpenAI and Meta

Adobe starts roll-out of AI video tools, challenging OpenAI and Meta

  (Reuters) – Adobe on Monday said it has started publicly distributing an AI model that can generate video from text promp..

US tech firms to invest $8.2 billion in UK data centres

US tech firms to invest $8.2 billion in UK data centres

  LONDON (Reuters) – Britain said on Monday that U.S. firms ServiceNow, CyrusOne, CloudHQ and CoreWeave would invest a comb..

Tesla’s sporty, two-seater robotaxi design puzzles experts

Tesla’s sporty, two-seater robotaxi design puzzles experts

  By Abhirup Roy and Chris Kirkham SAN FRANCISCO (Reuters) -Tesla’s reveal of a robotaxi designed as a low-slung, two-seate..

Hungary seeks housing boost from pensions ahead of 2026 election

Hungary seeks housing boost from pensions ahead of 2026 election

  By Gergely Szakacs BUDAPEST (Reuters) -Hungary’s economy ministry proposed on Monday that savings in private pension acco..

Sterling dips as investors look to UK jobs, inflation reports this week

Sterling dips as investors look to UK jobs, inflation reports this week

  By Medha Singh LONDON (Reuters) – The pound held near a one-month low against the dollar on Monday ahead of wage growth a..

Exclusive-Ericsson gets new 5G contract from India’s Bharti Airtel, sources say

Exclusive-Ericsson gets new 5G contract from India’s Bharti Airtel, sources say

  By Supantha Mukherjee STOCKHOLM (Reuters) -Swedish telecom gear maker Ericsson has received a new multi-billion dollar contract..

Stellantis’ CEO declines to rule out job cuts in challenging market

Stellantis’ CEO declines to rule out job cuts in challenging market

  PARIS (Reuters) – Stellantis CEO Carlos Tavares on Monday declined to rule out job cuts and said keeping up with Chinese ..

Inside China’s bid to build sway over global metals pricing

Inside China’s bid to build sway over global metals pricing

  By Pratima Desai and Siyi Liu LONDON/SINGAPORE (Reuters) – China is locking in steps to shape the pricing of the vast qua..

Geopolitics dents big UK businesses’ optimism, Deloitte says

Geopolitics dents big UK businesses’ optimism, Deloitte says

  By Andy Bruce (Reuters) – Optimism in large British companies softened ahead of the new Labour government’s first a..

Athletics-Kenya’s Chepngetich smashes women’s marathon world record

Athletics-Kenya’s Chepngetich smashes women’s marathon world record

  (Reuters) -Kenya’s Ruth Chepngetich put on a performance for the ages as she obliterated the women’s marathon world..

NASA spacecraft to study whether Jupiter’s moon Europa can harbor life

NASA spacecraft to study whether Jupiter’s moon Europa can harbor life

  By Will Dunham WASHINGTON (Reuters) – NASA is set to launch a spacecraft to Jupiter’s moon Europa, considered one o..

News

Italian-run space centre in Kenya to be used again for earth observation

Italian-run space centre in Kenya to be used again for earth observation

  MILAN (Reuters) – An Italian-run space centre in Kenya will be used again for the launch of Earth observation satellites in the coming ye..

Dollar flat against peers as markets digest U.S. economic data

Dollar flat against peers as markets digest U.S. economic data

By Chibuike Oguh, Alun John NEW YORK/LONDON (Reuters) -The U.S. dollar was little changed against major currencies on Friday as market..

Stocks higher after inflation data keeps Fed expectations on hold

Stocks higher after inflation data keeps Fed expectations on hold

By Chuck Mikolajczak NEW YORK (Reuters) -Global stocks were higher and poised for a weekly gain while longer-dated U.S. Treasury yield..

UK economy returns to growth in August after two months of stagnation

UK economy returns to growth in August after two months of stagnation

By Suban Abdulla and Andy Bruce LONDON (Reuters) -Britain’s economy grew in August after two consecutive months of stagnation, p..

Hungary’s economy to get boost from housing next year, PM Orban says

Hungary’s economy to get boost from housing next year, PM Orban says

  By Gergely Szakacs and Anita Komuves BUDAPEST (Reuters) -Hungary’s economic growth will accelerate substantially in the f..