News

Oil dips as potential Fed rate hike overshadows falling stocks

Oil dips as potential Fed rate hike overshadows falling stocks

By Laila Kearney and Muyu Xu (Reuters) -Oil dropped on Wednesday as the market weighed potential interest rate hikes from the U.S. Fe..

Just Eat Takeaway raises 2023 guidance, launches buyback

Just Eat Takeaway raises 2023 guidance, launches buyback

By Tristan Veyet and Laura Lenkiewicz (Reuters) -Just Eat Takeaway.com NV raised its 2023 adjusted core profit outlook on Wednesday, ..

Allianz puts N26 stake up for sale at $3 billion valuation – FT

Allianz puts N26 stake up for sale at $3 billion valuation – FT

(Reuters) – A unit of Allianz SE has put about 5% of its stake in German online bank N26 up for sale at a steep discount, valuin..

US FTC leaders will target AI that violates civil rights or is deceptive

US FTC leaders will target AI that violates civil rights or is deceptive

WASHINGTON (Reuters) – Leaders of the U.S. Federal Trade Commission said on Tuesday the agency would pursue companies who misus..

Crypto firms will develop ‘offshore’ without clear US rules, Coinbase chief says

Crypto firms will develop ‘offshore’ without clear US rules, Coinbase chief says

LONDON (Reuters) -The U.S. and Britain should make their rules for the crypto industry much clearer to prevent firms from developing i..

France’s Macron promises government action plan in next 100 days

France’s Macron promises government action plan in next 100 days

PARIS (Reuters) -French President Emmanuel Macron on Monday gave himself 100 days to heal the country after weeks of protests and ange..

Business insolvency in England and Wales soars in March

Business insolvency in England and Wales soars in March

LONDON (Reuters) – More companies in England and Wales entered insolvency during March than at any point since monthly records ..

Germany added 35% more electric car charge points in 2022, says BDEW

Germany added 35% more electric car charge points in 2022, says BDEW

FRANKFURT (Reuters) – The number of electric vehicle charging points in Germany rose by 35% last year, exceeding the rate of in..

GSK bets $2 billion on Bellus cough drug to soothe pipeline fears

GSK bets $2 billion on Bellus cough drug to soothe pipeline fears

By Natalie Grover and Aby Jose Koilparambil (Reuters) -GSK plans to buy Canada-based drug developer Bellus Health Inc in an all-cash ..

UK unemployment edges up but pay growth beats forecasts

UK unemployment edges up but pay growth beats forecasts

By David Milliken LONDON (Reuters) -Britain’s unemployment rate rose unexpectedly in the three months to February but pay growt..

Takeover-target THG misses downgraded 2022 earnings guidance

Takeover-target THG misses downgraded 2022 earnings guidance

LONDON (Reuters) – THG, the online retail platform that said on Monday it had received an approach, missed its downgraded expec..

UBS makes changes to buyback programme following Credit Suisse takeover

UBS makes changes to buyback programme following Credit Suisse takeover

ZURICH (Reuters) -UBS on Tuesday said it was making changes to its $6 billion share buyback programme following its takeover of Credi..

Northvolt and Scania unveil battery for heavy trucks

Northvolt and Scania unveil battery for heavy trucks

STOCKHOLM(Reuters) – Truck-maker Scania and battery producer Northvolt on Tuesday said they had developed an electric battery w..

Glencore courts 120 Teck investors for bid backing as spinoff vote looms -source

Glencore courts 120 Teck investors for bid backing as spinoff vote looms -source

LONDON (Reuters) -Glencore executives have met or spoken with some 120 Teck Resources shareholders during a short visit to Toronto to..

Britain seeks to boost banking services from fintechs

Britain seeks to boost banking services from fintechs

By Huw Jones LONDON (Reuters) – Britain’s financial regulators said on Monday they would set up a new body over the next ..

Analysis-Rocket startups face adapt-or-die moment amid investment drought

Analysis-Rocket startups face adapt-or-die moment amid investment drought

By Joey Roulette WASHINGTON (Reuters) – Demand for sending satellites into space remains strong, but U.S. rocket startups are t..

Dollar hits one-month high against yen as traders bet on Fed rate hike

Dollar hits one-month high against yen as traders bet on Fed rate hike

By Harry Robertson LONDON (Reuters) – The dollar climbed to a one-month high against Japan’s yen on Monday as traders eye..

Agnellis’ Exor eyes further healthcare investment for expansion

Agnellis’ Exor eyes further healthcare investment for expansion

By Giulio Piovaccari MILAN (Reuters) -Exor the holding company of Italy’s Agnelli family, will seek further opportunities to ex..

Shareholder group ISS backs Barclays board over former CEO Staley

Shareholder group ISS backs Barclays board over former CEO Staley

By Sinead Cruise LONDON (Reuters) -Institutional Shareholder Services (ISS) has recommended Barclays investors re-elect all board mem..

Sega Sammy says it is considering buying Angry Birds maker Rovio

Sega Sammy says it is considering buying Angry Birds maker Rovio

TOKYO (Reuters) – Japan’s Sega Sammy Holdings Inc said on Monday it was considering acquiring Finland’s Rovio Enter..

Volkswagen to partner on Indonesia EV battery ecosystem -minister

Volkswagen to partner on Indonesia EV battery ecosystem -minister

JAKARTA (Reuters) – Volkswagen will build an electric vehicle (EV) battery ecosystem in Indonesia and will partner with miner V..

Australian court approves BHP’s $6.4 billion OZ Minerals takeover

Australian court approves BHP’s $6.4 billion OZ Minerals takeover

(Reuters) – Global miner BHP Group Ltd said on Monday the Federal Court of Australia had approved its A$9.6 billion ($6.44 bill..

At China’s largest trade fair, exporters worry about world economy

At China’s largest trade fair, exporters worry about world economy

By Ellen Zhang and David Kirton GUANGZHOU (Reuters) -Chinese exporters exhibiting their products at the country’s largest trade..

France’s Ynsect to refocus bug business after capital increase

France’s Ynsect to refocus bug business after capital increase

By Sybille de La Hamaide PARIS (Reuters) – French insect-based ingredients maker Ynsect will refocus its strategy on high-margi..

Soccer-Jittery Arsenal losing their grip with summit in sight

Soccer-Jittery Arsenal losing their grip with summit in sight

By Martyn Herman LONDON (Reuters) -Even when Arsenal were building a daunting lead at the top of the Premier League and excitement wa..

Oil heads for weekly rise after IEA predicts record demand

Oil heads for weekly rise after IEA predicts record demand

By Laila Kearney NEW YORK (Reuters) -Oil prices were up on Friday and headed for a fourth straight week of gains after the West’..

No evidence yet showing which animal COVID may have come from, says former head of China CDC

No evidence yet showing which animal COVID may have come from, says former head of China CDC

(Refiles to fix typo on first paragraph) LONDON (Reuters) – There is no evidence yet showing which animal the COVID-causing vir..

US Senate leader Schumer calls for AI rules as ChatGPT surges in popularity

US Senate leader Schumer calls for AI rules as ChatGPT surges in popularity

By David Shepardson WASHINGTON (Reuters) -Senate Majority Leader Chuck Schumer said Thursday he had launched an effort to establish r..

Bank of England fines former TSB executive over 2018 IT failure

Bank of England fines former TSB executive over 2018 IT failure

LONDON (Reuters) -The Bank of England said on Thursday it had fined TSB Bank’s former chief information officer Carlos Abarca 8..

Stocks and gold cheer U.S. inflation picture, while dollar slides

Stocks and gold cheer U.S. inflation picture, while dollar slides

By Amanda Cooper LONDON (Reuters) -Global shares rose on Thursday, while the dollar held near two-month lows after U.S. inflation dat..

India opens new investigation into BBC in widening crackdown

India opens new investigation into BBC in widening crackdown

By Aftab Ahmed NEW DELHI (Reuters) -India’s financial crime-fighting agency has opened an investigation into alleged violations..

Schneider and GreenYellow target smaller businesses with energy saving technology

Schneider and GreenYellow target smaller businesses with energy saving technology

By America Hernandez PARIS (Reuters) – Schneider Electric and solar startup GreenYellow will target small- and medium-sized Eur..

Lack of electric vans opens door for Chinese, other EV makers

Lack of electric vans opens door for Chinese, other EV makers

By Nick Carey LONDON (Reuters) – Legacy automakers got off to a late start with their commercial electric vans, opening the doo..

Sovereign debtors, creditors agree on steps to jumpstart debt restructurings

Sovereign debtors, creditors agree on steps to jumpstart debt restructurings

By Andrea Shalal WASHINGTON (Reuters) – Global creditors, debtor nations and international financial institutions on Wednesday ..

BoE’s Bailey says bank reforms worked but questions about liquidity buffers

BoE’s Bailey says bank reforms worked but questions about liquidity buffers

By Huw Jones (Reuters) -Bank of England Governor Andrew Bailey said bank reforms enacted after the global financial crisis of 2007-09..

G7 finance leaders pledge financial stability, supply chain diversity

G7 finance leaders pledge financial stability, supply chain diversity

By Christian Kraemer and David Lawder WASHINGTON (Reuters) -Group of Seven (G7) finance leaders pledged on Wednesday to take action t..

UK housing market weakness continues, improvement on the horizon – RICS

UK housing market weakness continues, improvement on the horizon – RICS

By Suban Abdulla LONDON (Reuters) – Britain’s housing market continued to feel the pinch of higher borrowing costs in Marc..