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Agnelli investment firm hires former UK minister Osborne

Agnelli investment firm hires former UK minister Osborne

PARIS/LONDON (Reuters) – Lingotto Investment Management, backed by Italy’s Agnelli family, has hired former British finan..

UK competition watchdog steps up examination of grocery prices

UK competition watchdog steps up examination of grocery prices

LONDON (Reuters) -Britain’s competition watchdog will step up its work looking into grocery prices, but has so far not seen evi..

India’s carmakers back zero duty on limited British imports under trade deal – sources

India’s carmakers back zero duty on limited British imports under trade deal – sources

By Aditi Shah and Shivangi Acharya NEW DELHI (Reuters) – Indian carmakers have agreed to eliminate import tax on a limited numb..

World stocks climb on hopes of successful debt ceiling outcome

World stocks climb on hopes of successful debt ceiling outcome

By Nell Mackenzie LONDON (Reuters) -World stocks rose on Monday on cautious optimism ahead of this week’s deliberations over th..

Economist Odor picked as Slovakia’s caretaker prime minister

Economist Odor picked as Slovakia’s caretaker prime minister

By Radovan Stoklasa and Jan Lopatka BRATISLAVA (Reuters) – Respected economist Ludovit Odor was made Slovakia’s interim p..

Euro zone industry output falls sharply, with Ireland plunge

Euro zone industry output falls sharply, with Ireland plunge

BRUSSELS (Reuters) – Euro zone industrial production fell by far more than expected in March as output of capital goods plunged..

Record orders, strong sales drive strong Q2 for Siemens Energy

Record orders, strong sales drive strong Q2 for Siemens Energy

FRANKFURT (Reuters) -Siemens Energy, which supplies equipment and services to the power sector, posted forecast-beating second-quarter..

Oil slips as economic worries take focus off tighter supplies

Oil slips as economic worries take focus off tighter supplies

(Reuters) -Oil prices fell on Monday as concerns about fuel demand in the top global oil consumers, the United States and China, offse..

France’s AXA Q1 sales rise 2% as property policy demand grows

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..

Analysis-Jet orders boom as airlines fear shortage

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..

Oil prices head for fourth weekly drop as demand fears weigh

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..

G7 finance heads face tricky trade-off in debating steps to counter China

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..

Orpea slides to annual loss of 4 billion euros on asset depreciation

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..

UK finance minister Hunt: Good news the economy is growing

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..

Audit finds holes in ECB’s management of bank credit risk

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..

With UK food price inflation at 46-year high, lawmakers launch probe

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’..

Carrefour Brasil in talks with Barzel Properties over $260 million deal

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..

Nexi open to options as Banco BPM seeks partner

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..

Swiss prepare to evacuate village threatened by vast landslide

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..

France could tax food industry over high prices – finance minister

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..

UK brings train operator TransPennine under temporary state control

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 ..

Snam confirms guidance after rise in first quarter sales

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-..

Man Group picks all-female top team as CEO Ellis retires

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..

Italy’s Iveco ups 2023 guidance after operating profit jump

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..

Bank of America opens Luxembourg branch in Europe funds push

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..

Canada unveils new passport design with more security features, nod to King Charles

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..

Panasonic delays production of new Tesla battery to improve performance

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..

Sterling hits five-month high against euro before BoE decision

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 ..

UK firms cut hiring of permanent staff, recruiters’ survey shows

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..

TUI sees summer travel demand ‘significantly’ lifting 2023 profit

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..

French retailer Casino’s shares slump 6% after S&P downgrade

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 ..

Grocery retailer Ahold Delhaize sees Europe’s food inflation slowing

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..

ASOS reports first-half loss as shoppers cut back

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, ..

Dufry sales more than double on travel rebound, Autogrill acquisitionv

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..

E.ON to hit upper end of 2023 outlook after strong Q1

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..

Dollar eases before inflation data, with nagging worries over debt ceiling impasse

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..

Eurovision 2023 opens with acts walking Liverpool’s ‘Turquoise Carpet’

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”..