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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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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Ferrari CEO says e-fuel cars do not compromise carbon goals
MILAN (Reuters) – Ferrari’s plans to continue building internal combustion engine cars powered by so called e-fuels does n..
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K+S cuts 2023 profit outlook on slow recovery, lower potash prices
(Reuters) – German potash and salt miner K+S on Tuesday cut its annual profit outlook on a slower than expected recovery in dem..
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Li-Cycle and Glencore unveil plans for recycling hub in Italy
(Reuters) – Battery recycler Li-Cycle Holdings Corp said on Tuesday it planned to develop a recycling hub in Italy along with S..
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Cryptoverse-Tether gets a lift from stability doubts
By Tom Wilson and Vidya Ranganathan (Reuters) – Digital stablecoin tether is winning the race for the title of the crypto world..
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Daimler Truck sees higher returns as supply chains, demand improve
BERLIN (Reuters) – Daimler Truck reported on Tuesday an adjusted return of sales of 8.8% in the first quarter of the year, up f..
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PayPal adjusted margin forecast cut eclipses higher profit expectations
By Manya Saini (Reuters) -PayPal Holdings Inc on Monday cut its outlook for annual adjusted operating margin, overshadowing its profi..
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Amazon offers shoppers $10 to pick up purchases as it targets delivery costs
By Lisa Baertlein LOS ANGELES (Reuters) – Amazon.com is offering customers $10 to pick up a purchase rather than have it shippe..
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Uber rival Bolt seeks to turn profitable next year, IPO in 2025
By Supantha Mukherjee STOCKHOLM (Reuters) – Estonian ride-hailing and food delivery startup Bolt expects to turn profitable in ..
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Oil climbs almost 3% as recession fears begin to fade
By Alex Lawler LONDON (Reuters) – Oil rose almost 3% on Monday as U.S. recession fears eased and some traders took the view tha..
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Pound hits one-year high against struggling dollar
By Tom Westbrook and Alun John SINGAPORE/LONDON (Reuters) – Sterling hit an over-one-year high against the dollar on Monday as ..
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Spain suspends trading in NH Hoteles, Thai parent offers to buy shares
MADRID/BANGKOK (Reuters) – Spanish stock market regulator CNMV on Monday suspended the trading of shares in NH Hotel Group SA p..
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Volkswagen to name Bentley production chief as new Cariad head – sources
By Jan Schwartz (Reuters) -Volkswagen will announce later on Monday the removal of the current leadership at its software unit Cariad..
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“A great treat”: King Charles heralds weekend of coronation celebrations
LONDON (Reuters) – King Charles thanked singers who performed at a coronation concert in his honour at Windsor Castle for a ..
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Italy open to selling down MPS stake on market if terms, buyers are right – sources
By Giuseppe Fonte and Valentina Za ROME (Reuters) -Italy’s Treasury is open to reducing its 64% stake in Monte dei Paschi di Si..
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German industrial output slumps, recession fears rise
By Maria Martinez BERLIN (Reuters) -German industrial production fell more than expected in March, partly due to a weak performance b..
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Spain’s Grifols names current chairman as CEO, ending family leadership
By Joan Faus BARCELONA (Reuters) -Grifols said on Monday its executive chairman Thomas Glanzmann will become its new chief executive ..
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Asia shares edge higher, wary of US bank data
By Wayne Cole SYDNEY (Reuters) – Asian shares were mostly higher on Monday as investors braced for a week where U.S. inflation ..
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Analysis-Battle for China’s electric SUV market heats up at home and abroad
SHANGHAI (Reuters) – China is ground zero for the price war in electric vehicles and the battleground is shifting to SUV-styled..
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King Charles greets wellwishers outside palace before coronation
LONDON (Reuters) -Britain’s King Charles and his son William greeted wellwishers outside Buckingham Palace in central London on ..
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World leaders gather in London for King Charles’ coronation
LONDON (Reuters) – King Charles will hold a reception on Friday for world leaders gathered in London for his coronation this wee..
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WHO declares end to COVID global health emergency
LONDON (Reuters) -COVID-19 no longer represents a global health emergency, the World Health Organization said on Friday, a major step ..
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Analysis-Smoldering Iran nuclear crisis risks catching fire
By Arshad Mohammed, John Irish, Jonathan Landay and Parisa Hafezi WASHINGTON/PARIS/DUBAI (Reuters) – Even as the United States ..
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World food prices rise for first time in a year- FAO
ROME (Reuters) – The United Nations food agency’s world price index rose in April for the first time is a year, but is st..
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Adidas shares leap on results but CEO warns of bumpy year
By Helen Reid LONDON (Reuters) -Adidas reported better-than-expected quarterly results and said the Chinese market was improving, sen..
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Alpha Bank to sell bad loan portfolio to Fortress and Davidson Kempner
ATHENS (Reuters) – Alpha Bank ACBr.AT, one of Greece’s four largest lenders, said on Friday it signed a binding agreement..
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UK PM Sunak: Election results show people want us to deliver for them
LONDON (Reuters) – British Prime Minister Rishi Sunak said local elections results so far showed that people wanted his ruling ..
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Portugal’s Galp quarterly profit up 62%, below market forecast
LISBON (Reuters) -Portugal’s Galp Energia reported on Friday a smaller-than-expected 62% rise in adjusted first-quarter profit ..
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Republican leaders of Australia and NZ to pledge allegiance to king
By Alasdair Pal and Lucy Craymer SYDNEY/WELLINGTON (Reuters) – The leaders of Australia and New Zealand will pledge their alleg..
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Macquarie posts record profits on higher income from commodities arm
By Praveen Menon and Roushni Nair (Reuters) -Australia’s Macquarie Group on Friday forecast higher short-term income from its l..
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Geely’s London black cab unit unveils new large EV platform
ANSTY, England (Reuters) – Geely unit London Electric Vehicle Company (LEVC) on Friday unveiled a new, large electric-vehicle (E..
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Heineken to invest $300 million in Brazil to expand premium beer portfolio
SAO PAULO (Reuters) – Heineken NV, the world’s second-largest brewer, said on Thursday it will invest 1.5 billion reais (..
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US Treasury’s top international official heads to Europe, Asia for talks on economy
WASHINGTON (Reuters) – The U.S. Treasury Department’s top international official is heading to Europe and Asia this week ..
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