News

Eni beats Q4 profit forecasts helped by favourable arbitration

Eni beats Q4 profit forecasts helped by favourable arbitration

By Francesca Landini MILAN (Reuters) -Italian energy group Eni on Friday reported fourth-quarter adjusted net profit of 1.64 billion ..

Swiss Re 2023 net profit surges, in line with expectations

Swiss Re 2023 net profit surges, in line with expectations

FRANKFURT (Reuters) -Reinsurance company Swiss Re said on Friday that net profit for 2023 surged 580%, in line with expectations, as ..

Mahindra to use Volkswagen electric components, battery cells

Mahindra to use Volkswagen electric components, battery cells

BERLIN (Reuters) -Volkswagen and Mahindra & Mahindra Ltd have signed a supply agreement on the use of key electric components of ..

ECB’s Villeroy: should not hold off first rate cut for too long

ECB’s Villeroy: should not hold off first rate cut for too long

PARIS (Reuters) – There are several compelling reasons why the European Central Bank should not hold off for too long on an ini..

Britain’s Labour Party wins by-election in southwestern English town

Britain’s Labour Party wins by-election in southwestern English town

LONDON (Reuters) -Britain’s opposition Labour Party won a contest for a new lawmaker in the southwestern English town of Kingsw..

Australia’s QBE Insurance annual profit more than doubles but misses view

Australia’s QBE Insurance annual profit more than doubles but misses view

By Echha Jain (Reuters) -Australia’s QBE Insurance Group’s full-year profit more than doubled on Friday, helped by higher..

UK’s Costa Coffee to give workers 9% pay rise

UK’s Costa Coffee to give workers 9% pay rise

LONDON (Reuters) – Britain’s Costa Coffee will give over 15,000 hourly-paid workers an average 9% pay increase from April..

Jet engine maker Safran raises dividend on profit jump and growth outlook

Jet engine maker Safran raises dividend on profit jump and growth outlook

PARIS (Reuters) -French jet engine maker Safran posted sharply higher revenue and operating profit for 2023, raised its dividend and ..

Cisco to cut more than 4,000 jobs, lowers annual revenue forecast

Cisco to cut more than 4,000 jobs, lowers annual revenue forecast

By Akash Sriram (Reuters) -Cisco Systems said it would cut 5% of its global workforce, or more than 4,000 jobs, and lowered its annua..

Swedish union to exempt some Tesla cars from mechanic strike

Swedish union to exempt some Tesla cars from mechanic strike

STOCKHOLM (Reuters) – Swedish labour union IF Metall on Wednesday said it would permit its mechanics to fix some Tesla cars at ..

India’s Bosch posts Q3 profit climb on healthy auto parts demand

India’s Bosch posts Q3 profit climb on healthy auto parts demand

BENGALURU (Reuters) – Bosch, the Indian arm of German automotive supplier Robert Bosch GmbH, reported a 62.5% climb in third-qu..

TUI swings to surprise first-quarter profit on robust travel demand

TUI swings to surprise first-quarter profit on robust travel demand

By Joanna Plucinska and Ilona Wissenbach LONDON (Reuters) – Europe’s largest travel operator TUI on Tuesday reported far ..

German economy expected to grow in 2024, official says

German economy expected to grow in 2024, official says

BERLIN (Reuters) – Germany is not in recession and its economy is expected to grow in 2024, Chancellor Olaf Scholz’s chief..

The hardest job in the world’: Siberian shipyard workers brave freezing cold

The hardest job in the world’: Siberian shipyard workers brave freezing cold

YAKUTIA, Russia (Reuters) – A drone flies low over a snow-covered shipyard in Russia’s Far East, where workers toil in su..

Asia stocks nudge higher, dollar steady ahead of US inflation report

Asia stocks nudge higher, dollar steady ahead of US inflation report

By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks inched higher and the dollar held steady on Tuesday ahead of a key U.S. in..

Displaced Gaza doctor offers free medical help for children from his tent

Displaced Gaza doctor offers free medical help for children from his tent

By Saleh Salem RAFAH, Gaza Strip (Reuters) – The long queue of anxious parents waiting outside paediatrician Rajaa Okasha’..

AI frenzy puts Nvidia briefly ahead of Amazon in market value

AI frenzy puts Nvidia briefly ahead of Amazon in market value

(Reuters) -Nvidia briefly surpassed Amazon.com Inc in market capitalization on Monday, as the euphoria around artificial intelligence..

German commercial property prices post biggest-ever drop, data shows

German commercial property prices post biggest-ever drop, data shows

By Tom Sims FRANKFURT (Reuters) -German commercial property prices fell 12.1% in the final three months of 2023 compared with a year ..

Battery maker ACC secures financing for three European factories

Battery maker ACC secures financing for three European factories

By Gilles Guillaume PARIS (Reuters) – European auto battery manufacturer ACC, co-owned by Stellantis, Mercedes and TotalEnergie..

Novo Nordisk’s controlling shareholder plans to invest up to $7 billion a year by 2030 – FT

Novo Nordisk’s controlling shareholder plans to invest up to $7 billion a year by 2030 – FT

(Reuters) – Novo Holdings, the controlling shareholder of Danish obesity drugmaker Novo Nordisk, plans to invest up to $7 billi..

Google pledges 25 million euros to boost AI skills in Europe

Google pledges 25 million euros to boost AI skills in Europe

By Martin Coulter LONDON (Reuters) – Google has pledged 25 million euros ($26.98 million) to help people in Europe learn to use..

Oil starts week lower after Israel says ‘concluded’ Gaza strikes

Oil starts week lower after Israel says ‘concluded’ Gaza strikes

By Sudarshan Varadhan (Reuters) – Oil prices fell in early Asian trade on Monday after Israel said it had “concluded̶..

UK employers plan smaller pay rises for 2024: CIPD

UK employers plan smaller pay rises for 2024: CIPD

By David Milliken LONDON (Reuters) – British employers plan smaller pay rises over the coming year than they did three months a..

Roche cutting 345 jobs in product development – media

Roche cutting 345 jobs in product development – media

ZURICH (Reuters) – Roche is cutting 345 jobs, Swiss website Muula reported, as the drugs company responds to lower profit poste..

European shares inch higher on earnings boost; Maersk drops

European shares inch higher on earnings boost; Maersk drops

By Shristi Achar A (Reuters) -European shares edged higher on Thursday, propped up by strong performances from consumer staples stock..

Iceland volcano erupts again, molten rocks spew from fissures

Iceland volcano erupts again, molten rocks spew from fissures

OSLO (Reuters) -A volcano erupted on Thursday in southwest Iceland for the second time this year, the country’s meteorological ..

SoftBank posts first profit in five quarters with $6.6 billion net income

SoftBank posts first profit in five quarters with $6.6 billion net income

By Anton Bridge TOKYO (Reuters) -Japan’s SoftBank Group returned to profit for the first time in five quarters on Thursday, as ..

Swisscom profit rises on Fastweb growth, declines comment on Vodafone talks

Swisscom profit rises on Fastweb growth, declines comment on Vodafone talks

By Mateusz Dobrzyniewski and Anastasiia Kozlova (Reuters) -Swisscom met expectations with a 4.9% rise in full-year core profit on Thu..

Vontobel to take additional cost-cutting measures as profit falls

Vontobel to take additional cost-cutting measures as profit falls

ZURICH (Reuters) -Vontobel Holding saw its full-year net profit fall 6.5%, the Swiss private bank and asset manager said on Thursday,..

Siemens profit ahead of forecast despite digital sector orders fall

Siemens profit ahead of forecast despite digital sector orders fall

By John Revill ZURICH (Reuters) -Siemens reported first-quarter profit slightly ahead of expectations on Thursday despite the German ..

Oil rises on slim progress in Gaza peace talks, weaker dollar

Oil rises on slim progress in Gaza peace talks, weaker dollar

By Katya Golubkova and Jeslyn Lerh SINGAPORE (Reuters) -Oil extended gains on Thursday after Israel rejected a ceasefire offer from H..

Britain extends tariff-free trade with Ukraine to 2029

Britain extends tariff-free trade with Ukraine to 2029

LONDON (Reuters) – Britain on Thursday said it would extend tariff-free trade with Ukraine on almost all goods until 2029, givi..

UK’s Labour to back out of 28 billion stg green pledge -BBC

UK’s Labour to back out of 28 billion stg green pledge -BBC

(Reuters) – Britain’s opposition Labour Party will back out of its 28 billion pound ($35.34 billion) policy pledge that s..

OpenAI developing software that operates devices, automates tasks – The Information

OpenAI developing software that operates devices, automates tasks – The Information

(Reuters) – Microsoft-backed OpenAI is working on a type of agent software to automate complex tasks by taking over a usersR..

Dollar slips as market awaits data for direction

Dollar slips as market awaits data for direction

By Herbert Lash and Joice Alves NEW YORK/LONDON (Reuters) – The dollar slid further on Wednesday as it consolidates a bounce in..

Equinor trims cash payouts, share price drops 7%

Equinor trims cash payouts, share price drops 7%

LONDON (Reuters) – Equinor said on Wednesday it would cut its overall cash returns to shareholders this year by $3 billion, send..

Global stocks hit two-year highs, as dollar eases

Global stocks hit two-year highs, as dollar eases

NEW YORK/LONDON (Reuters) -Global equities rose to a more than two-year high and the S&P 500 touched a record peak on Wednesday, a..