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Julius Baer 2022 profits fall as it hits business cycle targets

Julius Baer 2022 profits fall as it hits business cycle targets

ZURICH (Reuters) – Julius Baer on Thursday said net profit fell 12% in 2022 in a tough market environment, as the Swiss bank sai..

Exclusive: Volvo readies EV blitz in biggest product revamp under Geely

Exclusive: Volvo readies EV blitz in biggest product revamp under Geely

By Norihiko Shirouzu (Reuters) – Volvo Cars is gearing up for an electric blitz to convert all its mainstay models – three..

Dollar falls to nine-month low as Powell notes progress in disinflation

Dollar falls to nine-month low as Powell notes progress in disinflation

By Karen Brettell NEW YORK (Reuters) – The dollar extended losses on Wednesday and fell to a nine-month low against a basket of ..

Investors go back to basics with simpler self-driving vehicles

Investors go back to basics with simpler self-driving vehicles

By Nick Carey and Paul Lienert COVENTRY, England (Reuters) – Developing fully autonomous vehicles (AVs) that can go everywhere h..

UK shop price inflation hits record 8% in January: BRC

UK shop price inflation hits record 8% in January: BRC

By David Milliken LONDON (Reuters) – Prices in British shops in January were 8.0% higher than a year before, the biggest annual ..

UK and EU reach post-Brexit customs deal for N.Ireland-The Times

UK and EU reach post-Brexit customs deal for N.Ireland-The Times

LONDON (Reuters) -Britain and the European Union have struck a customs deal that could help end post-Brexit wrangling over Northern Ir..

Asia’s factory activity contracts despite China’s COVID reopening

Asia’s factory activity contracts despite China’s COVID reopening

By Leika Kihara TOKYO (Reuters) – Asia’s factory activity contracted in January as the boost from China’s COVID reop..

UK shop price inflation hits record 8% in January: BRC

UK shop price inflation hits record 8% in January: BRC

By David Milliken LONDON (Reuters) – Prices in British shops in January were 8.0% higher than a year before, the biggest annual ..

Wage data dents dollar recovery before Fed rate decision

Wage data dents dollar recovery before Fed rate decision

By Karen Brettell NEW YORK (Reuters) – The dollar fell on Tuesday, giving up earlier gains, after data showed U.S. labor costs i..

Cost-of-living crisis compromises Cupid – 13% of Brits will not celebrate valentine’s day this year

Cost-of-living crisis compromises Cupid – 13% of Brits will not celebrate valentine’s day this year

Hawk’s customised survey tool illustrates value of pre-planning campaign insights and research studies 13% of Brits will not celebrate..

Dutch telecom KPN locks in 2023 targets helped by cost controls

Dutch telecom KPN locks in 2023 targets helped by cost controls

(Reuters) -Dutch telecoms company KPN NV aims to slightly improve its core profit this year, it confirmed on Tuesday, supported by cos..

Athletics-Farah returns for London Marathon before likely 2023 retirement

Athletics-Farah returns for London Marathon before likely 2023 retirement

(Reuters) -Britain’s four-times Olympic champion Mo Farah said on Tuesday he expects 2023 to be the final year of his career, af..

Philips to cut 13% of jobs in safety and profitability drive

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 ..

Tricentis appoints David Gardiner to lead newly formed DevOps business unit

Tricentis appoints David Gardiner to lead newly formed DevOps business unit

    Technology veteran brings 20+ years to stand up business unit dedicated to delivering continuous testing value to DevOps team..

Auriga services’ partnership with IOTICS is leading the way in enabling utility companies to ‘truly share data, securely’

Auriga services’ partnership with IOTICS is leading the way in enabling utility companies to ‘truly share data, securely’

  Digital cooperation capability from IOTICS enables a decentralized data ecosystem for the Auriga Priority Services Registration..

Ransomware in 2023 – The threat businesses face and the controls they need touse

Ransomware in 2023 – The threat businesses face and the controls they need touse

Al Dickson, director, Quod Orbis   Ransomware has evolved into a sophisticated, complex ecosystem, capable of extorting vast sums..

Giving credit to Payroll as a thriving career

Giving credit to Payroll as a thriving career

by Sirsha Haldar, ADP’s General Manager of the UK, Ireland and South Africa Thriving and attractive isn’t often the first thing you mi..

Nissan and Renault agree to overhaul alliance, this time as equals

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..

Stocks, dollar gain on resilient U.S. economy

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..

Bank of England set to hike to 4% as rate peak looms

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..

Musk says Tesla price cuts triggered demand, 2023 sales could hit 2 million vehicles

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..

UK income inequality widens after pandemic dip

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..

Global 2023 economic view downgraded, at odds with market optimism: Reuters poll

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..

UK’s Wetherspoon posts 13.1% rise in sales for 25-wk period

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..

Asian stocks make 7-month highs, Australian dollar gains on hot inflation

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..

Global economy seen facing a challenging year -Eurochambres

Global economy seen facing a challenging year -Eurochambres

BERLIN (Reuters) – The international business community expects a challenging 2023 marked by geopolitical tensions, high inflati..

Ford to make call on Europe job cuts by mid-Feb as buyers circle German site

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..

Exclusive-Binance moved $346 million for seized crypto exchange Bitzlato, data show

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..

Prada’s Lorenzo Bertelli sets out ‘soft transition’ to new leadership

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 ..

Sweden to upgrade Berzelius supercomputer with Nvidia AI systems

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..

Cryptoverse: Bitcoin investors take control

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..

Bank funding for renewables stagnates vs oil and gas – report

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,..

Digital euro will be free but limited in scope, ECB says

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..

Stocks, euro gain amid divergent Fed, ECB rate hike outlooks

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..

EU’s planned reforms aim to better protect power bills from market swings

EU’s planned reforms aim to better protect power bills from market swings

By Kate Abnett BRUSSELS (Reuters) – European Union proposals to overhaul its electricity market will attempt to better protect c..

European Central Bank to raise deposit rate to 3.25% by mid-year: Reuters poll

European Central Bank to raise deposit rate to 3.25% by mid-year: Reuters poll

xBy Jonathan Cable LONDON (Reuters) – The European Central Bank will be more aggressive than previously thought in its tightenin..

Activist investor Elliott Management takes stake in Salesforce -sources

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..