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Telecom Italia in talks with unions on up to 2,000 job cuts in Italy

Telecom Italia in talks with unions on up to 2,000 job cuts in Italy

MILAN (Reuters) – Telecom Italia (TIM) is seeking to cut as many as 2,000 jobs in Italy through a voluntary early retirement sch..

Screening of ‘Winnie the Pooh’ horror film cancelled in Hong Kong

Screening of ‘Winnie the Pooh’ horror film cancelled in Hong Kong

By Jessie Pang and Farah Master HONG KONG (Reuters) -The screening of “Winnie the Pooh: Blood and Honey”, a British slashe..

EXCLUSIVE-Olympics-Paris 2024 plans Games relay changes, fewer torches-source

EXCLUSIVE-Olympics-Paris 2024 plans Games relay changes, fewer torches-source

BERLIN (Reuters) – Paris 2024 Olympic torchbearers may not all get to keep their torches as a cherished memento of the Games bec..

Portuguese airline TAP swings to profit earlier than expected

Portuguese airline TAP swings to profit earlier than expected

LISBON (Reuters) – Portuguese airline TAP swung to a profit in 2022, earlier than expected in its restructuring plan, as rising ..

Energy bill support pushes UK budget deficit to February record

Energy bill support pushes UK budget deficit to February record

By Andy Bruce and Sachin Ravikumar LONDON (Reuters) -Britain recorded the largest budget deficit for any February since at least 1993 ..

KKR sells 50% stake in Spain’s X-elio to partner Brookfield

KKR sells 50% stake in Spain’s X-elio to partner Brookfield

MADRID (Reuters) – U.S.-based buyout fund KKR has agreed to sell a 50% stake in Spanish renewable energy company X-elio to Canad..

Maserati aims at driving margins higher before any spin-off talk

Maserati aims at driving margins higher before any spin-off talk

By Giulio Piovaccari MILAN (Reuters) – Maserati aims to increase its margin on operating profit to 15% in the next 12 months and..

Dollar pauses for breath as Fed swings into focus

Dollar pauses for breath as Fed swings into focus

By Rae Wee SINGAPORE (Reuters) – The dollar steadied in a holiday-thinned Asia session on Tuesday, though it struggled to lift f..

SSE to invest $122 million in Scottish pumped hydro project

SSE to invest $122 million in Scottish pumped hydro project

LONDON (Reuters) – British power generator SSE will invest 100 million pounds ($122 million) in a Scottish pumped hydro scheme w..

EU’s EIB to override Turkey lending ban with earthquake aid

EU’s EIB to override Turkey lending ban with earthquake aid

By Marc Jones LONDON (Reuters) -The European Union’s lending arm, the European Investment Bank, is to temporarily override its n..

U.S. oil exports to Europe hit record in March on steep discounts

U.S. oil exports to Europe hit record in March on steep discounts

By Arathy Somasekhar HOUSTON (Reuters) – U.S. crude exports to Europe have hit a record 2.1 million barrels per day on average s..

Scratched EV battery? Your insurer may have to junk the whole car

Scratched EV battery? Your insurer may have to junk the whole car

By Nick Carey, Paul Lienert and Sarah McFarlane LONDON/DETROIT (Reuters) -For many electric vehicles, there is no way to repair or ass..

Bank shares rise after Credit Suisse rescue eases crisis

Bank shares rise after Credit Suisse rescue eases crisis

By Amanda Cooper and John Revill (Reuters) -U.S. banking stocks rose on Monday and Europe’s lenders recovered from a sharp early..

Combatting cart abandonment and streamlining user friction with open banking payments

Combatting cart abandonment and streamlining user friction with open banking payments

  New data from the Government’s Office for National Statistics (ONS) reveals that consumer spending among Brits has held up well..

Microsoft unveils AI office copilot in fast-moving race with Google

Microsoft unveils AI office copilot in fast-moving race with Google

By Jeffrey Dastin (Reuters) -Microsoft Corp on Thursday trumpeted its latest plans to put artificial intelligence into the hands of mo..

Analysis-Investors stick to bets on early end to ECB hikes as uncertainty grows

Analysis-Investors stick to bets on early end to ECB hikes as uncertainty grows

By Yoruk Bahceli and Naomi Rovnick AMSTERDAM (Reuters) – Investors held tight to bets that banking jitters would rein in the ECB..

Credit Suisse $54 billion lifeline offers limited respite to global banks

Credit Suisse $54 billion lifeline offers limited respite to global banks

By John Revill, Amanda Cooper and Tom Sims (Reuters) -Credit Suisse sought to shore up its liquidity and restore investor confidence o..

Instant View: ECB sticks with big rate hike even as bank fears roil markets

Instant View: ECB sticks with big rate hike even as bank fears roil markets

(Reuters) – The European Central Bank pushed through another big increase in interest rates on Thursday, sticking with its quest..

Oil prices steady as news of Saudi, Russia meeting calms investors

Oil prices steady as news of Saudi, Russia meeting calms investors

By Shariq Khan BENGALURU -Oil prices steadied on Thursday after dropping to near 15-month lows earlier in the session, supported by re..

Big ECB hike adds fuel to the banking sector fire

Big ECB hike adds fuel to the banking sector fire

By Joice Alves LONDON (Reuters) – Euro zone bank shares hit a ten-week low on Thursday after the European Central Bank (ECB) rai..

Explainer-Credit Suisse: How did it get to crisis point?

Explainer-Credit Suisse: How did it get to crisis point?

By Anshuman Daga (Reuters) – Credit Suisse said on Thursday it would borrow up to $54 billion from the Swiss central bank to sho..

EU announces plans to lead green industrial revolution

EU announces plans to lead green industrial revolution

By Philip Blenkinsop BRUSSELS (Reuters) -The European Commission presented the centrepieces of a strategy on Thursday to ensure its in..

Britain announces 205 million pound auction for renewable power projects

Britain announces 205 million pound auction for renewable power projects

LONDON (Reuters) – Britain’s next auction round to spur renewable power projects will be worth about 205 million pounds ($247 mi..

Arriello appoints experienced Pharmacovigilance expert, Sam Tomlinson as VP of Global Drug Safety

Arriello appoints experienced Pharmacovigilance expert, Sam Tomlinson as VP of Global Drug Safety

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French inflation revised upwards in February to 7.3% – final figures

French inflation revised upwards in February to 7.3% – final figures

PARIS (Reuters) – French annual inflation rose to a revised 7.3% in February from 7.0% in January, partly as a result of higher ..

Publisher Bloomsbury casts upbeat forecast, says books ‘affordable pastime’

Publisher Bloomsbury casts upbeat forecast, says books ‘affordable pastime’

(Reuters) -Bloomsbury Publishing Plc forecast full-year profit to be well ahead of expectations on Wednesday, encouraged by the robust..

Burberry appoints McLaren’s Kate Ferry as CFO

Burberry appoints McLaren’s Kate Ferry as CFO

LONDON (Reuters) – British luxury brand Burberry said on Wednesday it had appointed Kate Ferry as its next chief financial offic..

Crown Agents Bank owner explores sale of British payments group –sources

Crown Agents Bank owner explores sale of British payments group –sources

By Pablo Mayo Cerqueiro and Amy-Jo Crowley LONDON (Reuters) – Helios Investment Partners has been working with advisers to sell ..

Oil prices rebound after OPEC upgrades China demand outlook

Oil prices rebound after OPEC upgrades China demand outlook

By Yuka Obayashi and Florence Tan TOKYO (Reuters) – Oil prices rebounded more than 1% on Wednesday, recovering from the previous..

Asian shares gain as fears about rapid Fed hikes, bank crisis fade

Asian shares gain as fears about rapid Fed hikes, bank crisis fade

By Ankur Banerjee SINGAPORE (Reuters) – Asian equities rose sharply on Wednesday, tracking a relief rally on Wall Street and as ..

KPMG stands by audits of Silicon Valley Bank and Signature Bank – FT

KPMG stands by audits of Silicon Valley Bank and Signature Bank – FT

(Reuters) – KPMG’s U.S. boss, Paul Knopp, said the accounting firm stood behind its audits of Silicon Valley Bank and Sign..

NatWest limits customers’ crypto transfers, citing scam concerns

NatWest limits customers’ crypto transfers, citing scam concerns

By Elizabeth Howcroft LONDON (Reuters) – Britain’s NatWest has imposed new limits on the daily and monthly amount customer..

London fears losing luxury shoppers to Paris and Milan

London fears losing luxury shoppers to Paris and Milan

By James Davey and Sarah Young LONDON (Reuters) – London’s luxury retailers fear the city is losing its pull as a shopping..

Meta to cut 10,000 jobs in second round of layoffs

Meta to cut 10,000 jobs in second round of layoffs

By Katie Paul and Nivedita Balu (Reuters) -Facebook-parent Meta Platforms said on Tuesday it would cut 10,000 jobs this year, making i..

Global equities gain, as rising bond yields pressure gold

Global equities gain, as rising bond yields pressure gold

By Chris Prentice and Amanda Cooper NEW YORK/LONDON (Reuters) – Global shares stemmed a five-session rout on Tuesday as bank sha..

Legislate raises $3.6M to give startups & SMEs the technology to query and compare every contract

Legislate raises $3.6M to give startups & SMEs the technology to query and compare every contract

Oxford University-linked Legislate raises funding as it allows businesses with hundreds of contracts to query and compare ..

MFE offers to buy 1.05% stake in Mediaset Espana from Vivendi ahead of delisting

MFE offers to buy 1.05% stake in Mediaset Espana from Vivendi ahead of delisting

(Reuters) – MFE-Mediaforeurope said on Tuesday it agreed with Vivendi to buy a 1.05% stake in Mediaset Espana it did not own yet..