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 ..
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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 ..
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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 ..
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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..
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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..
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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..
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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..
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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 ..
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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..
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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 ..
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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..
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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 ..
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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..
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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..
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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..
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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’..
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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..
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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 ..
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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..
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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..
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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..
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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..
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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..
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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..
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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..
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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 ..
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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 ..
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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..
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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,..
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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 ..
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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..
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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..
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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..
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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..
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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..
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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..
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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..
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