Philips to cut 13% of jobs in safety and profitability drive
By Bart H. Meijer AMSTERDAM (Reuters) -Dutch health technology company Philips will scrap another 6,000 jobs worldwide as it tries to ..
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Nissan and Renault agree to overhaul alliance, this time as equals
By Maki Shiraki and Gilles Guillaume TOKYO/PARIS (Reuters) -Nissan Motor Co and Renault SA agreed on Monday to a sweeping remake of th..
Headlines
EU recovers appetite for trade in green industry push
By Philip Blenkinsop BRUSSELS (Reuters) – The European Union is aiming to enact up to five trade deals in record time to ensure ..
News
Euro zone economic sentiment rises in January to seven-month high
BRUSSELS (Reuters) -Euro zone economic sentiment rose to a seven-month high in January on more optimism across all sectors except cons..
Finance
Shares and bonds nervy as rate-hike week looms
By Lawrence White LONDON (Reuters) – Stock markets worldwide halted their January rally on Monday, pausing for breath at the sta..
Headlines
Euro rises after Spanish CPI, dollar slips towards 8-mth low
By Samuel Indyk and Rae Wee LONDON (Reuters) – The euro rose on Monday after unexpectedly high Spanish inflation data raised exp..
Finance
Sterling steadies vs dollar ahead of BoE, ECB meetings
By Joice Alves LONDON (Reuters) – Sterling edged lower against the U.S. dollar on Monday ahead of a number of central bank meeti..
News
The mouse that roared: New Zealand and the world’s 2% inflation target
By Lucy Craymer WELLINGTON, New Zealand (Reuters) – More than 30 years ago, some relatively youthful central bank and Treasury e..
Headlines
Stocks, dollar gain on resilient U.S. economy
By Herbert Lash and Huw Jones NEW YORK/LONDON (Reuters) – A gauge of global stock performance rose and the dollar strengthened o..
Finance
Bank of England set to hike to 4% as rate peak looms
By David Milliken LONDON (Reuters) – The Bank of England looks on course to raise its main interest rate by half a percentage po..
Finance
Hopes of slowdown in rate hikes bolster shares ahead of U.S. GDP
By Huw Jones LONDON (Reuters) – Stocks firmed on Thursday as investors bet that central banks meeting next week will signal a sl..
Headlines
Public Power Corp, RWE to build five solar farms in Greece
(Reuters) – Greece’s biggest power utility Public Power Corp. (PPC) and Germany’s RWE have taken a final investment ..
News
German inflation rate to ease over course of 2023 – econ minister
BERLIN (Reuters) – German inflation will remain high at the beginning of 2023 before easing over the course of the year, Economy..
Finance
Spain’s unemployment rate inches up to 12.87% in Q4 2022
(Reuters) -Spain’s unemployment rate rose to 12.87% in the fourth quarter of 2022 from 12.67% three months earlier, data from th..
Headlines
(no title) - 11327
By Kirsti Knolle and Supantha Mukherjee BERLIN/STOCKHOLM (Reuters) -SAP said on Thursday it planned to cut 3,000 jobs, or 2.5% of its ..
Business
Musk says Tesla price cuts triggered demand, 2023 sales could hit 2 million vehicles
By Hyunjoo Jin and Akash Sriram (Reuters) – Tesla Inc’s aggressive price cuts have ignited demand for its electric vehicle..
Finance
UK income inequality widens after pandemic dip
By David Milliken LONDON (Reuters) – British income inequality rose to a three-year high in the 2021/22 financial year after a d..
Finance
Global 2023 economic view downgraded, at odds with market optimism: Reuters poll
By Hari Kishan BENGALURU (Reuters) – Global economic growth is forecast to barely clear 2% this year, according to a Reuters pol..
Finance
UK’s Wetherspoon posts 13.1% rise in sales for 25-wk period
(Reuters) – UK’s J D Wetherspoon reported a 13.1% rise in like-for-like sales for the 25 weeks to Jan. 22 on Wednesday, as..
Headlines
Asian stocks make 7-month highs, Australian dollar gains on hot inflation
By Anshuman Daga SINGAPORE (Reuters) -Asian equities scaled their highest levels in seven months on Wednesday after some regional mark..
Wealth Creation
Global economy seen facing a challenging year -Eurochambres
BERLIN (Reuters) – The international business community expects a challenging 2023 marked by geopolitical tensions, high inflati..
Headlines
Ford to make call on Europe job cuts by mid-Feb as buyers circle German site
By Victoria Waldersee and Christina Amann BERLIN (Reuters) -Ford will decide by mid-February how many jobs to cut in Europe a German u..
Headlines
Exclusive-Binance moved $346 million for seized crypto exchange Bitzlato, data show
By Tom Wilson and Angus Berwick LONDON (Reuters) -Crypto giant Binance processed almost $346 million in bitcoin for the Bitzlato digit..
Headlines
Prada’s Lorenzo Bertelli sets out ‘soft transition’ to new leadership
By Elisa Anzolin VENICE, Italy (Reuters) – Italian fashion group Prada is hiring former Luxottica chief Andrea Guerra to smooth ..
Headlines
Sweden to upgrade Berzelius supercomputer with Nvidia AI systems
STOCKHOLM (Reuters) – Sweden will upgrade its Berzelius supercomputer using Nvidia’s latest artificial intelligence (AI) s..
Headlines
Cryptoverse: Bitcoin investors take control
(Corrects paragraph 8 to show big investors were responsible for about 68% of the flows) By Lisa Pauline Mattackal and Medha Singh (Re..
Finance
Bank funding for renewables stagnates vs oil and gas – report
LONDON (Reuters) – The share of bank finance going to renewable energy rather than fossil fuels has little changed in six years,..
Headlines
New year drive to fill skills gap in booming UK screen industries
FREE, ACCESSIBLE, ONLINE COURSES AVAILABLE TO HELP PEOPLE GET THEIR FIRST BREAK AND THRIVE IN FILM, TV, VISUAL EFFECTS, ANIMATI..
Opinion
Digital euro will be free but limited in scope, ECB says
FRANKFURT (Reuters) – The digital version of the euro currency will be free to use and available to all but the European Central..
Finance
Stocks, euro gain amid divergent Fed, ECB rate hike outlooks
By Herbert Lash NEW YORK (Reuters) -Global equity markets surged on Monday as easing recession fears and hopes of a less aggressive Fe..
Finance
Headlines
(no title) - 11114
(no title) - 11114
By Kate Abnett BRUSSELS (Reuters) – European Union proposals to overhaul its electricity market will attempt to better protect consumer energy b..
Headlines
New suppliers race to plug in to electric car market
By Nick Carey and Paul Lienert WOKING, England (Reuters) – The global auto industry has committed $1.2 trillion to developing el..
Headlines
Analysis-ECB seen struggling to keep market on side after mixed messages
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank’s policy signals don’t seem t..
Headlines
Activist investor Elliott Management takes stake in Salesforce -sources
(Reuters) -Activist investor Elliott Management Corp has made a multi-billion dollar investment in cloud-based software firm Salesforc..
Headlines
How Technology is Transforming Business Operations and Strategies in 2023 and Beyond
The implementation of emerging technologies is having a major impact on the way companies are operating and strategising in 2023 and ..
Wealth Creation
Analysis-Frankfurt ‘STIRs’ up euro clearing battle with London
By Huw Jones LONDON (Reuters) – Frankfurt expands derivatives clearing on Monday in an early test of how well European Union amb..
Headlines
European junk debt sales spring back to life as sentiment improves
By Chiara Elisei LONDON (Reuters) – Junk-rated companies in Europe have raised $1.4 billion from bond sales this month as invest..
Headlines