Biz Dispatch

Broadcom banking on early EU approval of $61 billion VMware deal

By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Broadcom will seek early European Union antitrust approval of its proposed $..

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Euro zone bond yields fall as ECB policymaker flags recession risk, gilts eyed

By Stefano Rebaudo (Reuters) -Euro zone bond yields fell on Friday after a European Central Bank (ECB) policymaker flagged recession r..

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Royal Mail warns of thousands of job cuts as it slides into red

By Yadarisa Shabong (Reuters) -Royal Mail could cut up to 10,000 jobs and the loss-making business warned of more layoffs if planned s..

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Analysis-ECB ‘QT’ may be next challenge for tumultuous markets

By Yoruk Bahceli and Dhara Ranasinghe LONDON (Reuters) – The European Central Bank is considering entering the maelstrom of vola..

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Euro zone posts record trade deficit in August amid soaring energy prices

BRUSSELS (Reuters) – The euro zone posted in August its largest trade deficit since it expanded to 19 countries in 2015, as high..

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Spain September final 12-month inflation revised down to 8.9%

MADRID (Reuters) – Spanish consumer prices rose 8.9% year-on-year in September, down from 10.5% in the period through August and..

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TomTom shares fall as 2023 uncertainties outweigh Q3 beat

By Federica Mileo and Augustin Turpin (Reuters) – Dutch navigation and digital mapping company TomTom on Friday cut its cash flo..

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German car industry baulks at supplier demands over energy hikes

By Victoria Waldersee WOLFSBURG, Germany (Reuters) – Germany’s giant carmakers may have secured their own energy supplies ..

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Athletics-Ujah will be considered for selection after doping ban – UK Athletics director

(Reuters) – UK Athletics technical director Stephen Maguire said Chijindu Ujah will be considered for selection after his 22-mon..

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Swiss National Bank makes another large draw on Fed swap line

(Reuters) – The Swiss National Bank this week drew nearly $6.3 billion from the U.S. Federal Reserve’s currency swap line ..

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When the AI goes haywire, bring on the humans

By Paresh Dave OAKLAND, Calif. (Reuters) – Used by two-thirds of the world’s 100 biggest banks to aid lending decisions, c..

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Netflix ad-supported plan to launch in November at $7 a month

By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Netflix Inc said on Thursday it will introduce a streaming plan with adve..

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EU, U.S. eye level playing field for EU electric cars in U.S. market

WASHINGTON (Reuters) -European Union and U.S. officials expect to reach agreement that would grant EU companies, including electric car makers, the sa..

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Italy’s Giorgetti gets Meloni’s backing to be economy minister

By Angelo Amante and Gavin Jones ROME (Reuters) -Giancarlo Giorgetti, a former industry minister and the deputy leader of the right-wi..

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Rosneft sues Berlin over takeover of its German unit

BERLIN (Reuters) – Russian state energy giant Rosneft has filed a complaint with a top court in Germany against the government f..

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Precision Instruments Manufacturer Locks on Cloud to Drive Growth

  Physik Instrumente Group launching Infor CloudSuite Industrial Enterprise Infor®, the industry cloud company, today announced t..

Technology

AmerCareRoyal sets its sights on scalability by choosing Emporix as its digital commerce platform

    AmerCareRoyal (ACR), a leading B2B supplier of disposable products in food, sanitation, industrial and medical industrie..

Business

Infor Partners with Fontainebleau Las Vegas for Cloud-Based Front and Back-of-House Hospitality Solutions

  Business cloud software provider will automate critical business functions for Las Vegas Strip luxury resort destination Infor®..

Technology

JELLYSMACK ANNOUNCES MULTIYEAR COLLABORATION WITH THE NBA FOR SOCIAL MEDIA CONTENT IN EUROPE AND THE MIDDLE EAST

    NBA highlights are now available on Jellysmack’s digital channels     Jellysmack, the global creator company, today an..

News

European airlines see travel withstanding consumer squeeze for now

By Sarah Young and Klaus Lauer LONDON (Reuters) – British Airways-owner IAG, Europe’s biggest airline Ryanair and rival ea..

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Hot U.S. inflation data reignites global selloff

By Marc Jones LONDON (Reuters) – MSCI’s global stock index lurched to a July 2020 low and dollar and bond market borrowing..

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IKEA reports record sales as price hikes offset weakening consumer confidence

By Anna Ringstrom STOCKHOLM (Reuters) -Budget furniture giant IKEA reported record high annual sales on Thursday as price hikes and ea..

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Britain’s Ofgem to urge public to reduce energy usage – FT

(Reuters) – Britain’s energy regulator Ofgem will on Thursday urge consumers to reduce their energy usage “where pos..

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Holocaust survivor to oversee start of rightist Italian parliament

By Crispian Balmer ROME (Reuters) – Italy’s new parliament opens on Thursday, with a Holocaust survivor due to preside ove..

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Sentiment in UK finance falls at fastest pace since 2019, survey

LONDON (Reuters) – Britain needs to restore stability to its finances to help reverse the fastest drop in financial sector senti..

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Russian regulator says mobile operator MTS breached anti-monopoly laws

MOSCOW (Reuters) -Russia’s competition watchdog on Wednesday said leading telecoms company MTS violated anti-monopoly legislatio..

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Britain’s bond market turmoil

LONDON (Reuters) – British government borrowing costs hit a 20-year high on Wednesday after Bank of England Governor Andrew Bail..

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Analysis – Turbulent UK bond market may force BoE’s hand again

By Dhara Ranasinghe and Harry Robertson LONDON (Reuters) – Bank of England Governor Andrew Bailey has been unequivocal: the cent..

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EU seeks to break impasse over gas price caps, ‘no regret’ plan floated

By Kate Abnett and Robert Muller PRAGUE/BRUSSELS (Reuters) – The question of how, when and whether to cap gas prices loomed over..

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Austria plans to bring budget deficit within 3% of GDP next year

VIENNA (Reuters) – Austria plans to bring its budget deficit within the European Union’s limit of 3% of gross domestic pro..

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By William Schomberg and Andy Bruce LONDON (Reuters) – Britain’s economy looks set to go into recession as data showed it ..

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Swedish energy minister: need to decouple gas from electricity price

PRAGUE (Reuters) – The European Union needs to find a way to decouple gas and electricity prices, Swedish energy minister Khasha..

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Mercedes-Benz and Microsoft collaborate on supply chain data platform

BERLIN (Reuters) – Mercedes-Benz and Microsoft announced a partnership on Wednesday using Microsoft Cloud for a data platform in..

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Russian missiles hit 30% of Ukraine’s energy infrastructure in two days – minister

(Reuters) – Russia hit about 30% of Ukraine’s energy infrastructure in its missile attacks on Monday and Tuesday, Ukraine&..

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EFG International says profitability improved in first nine months

ZURICH (Reuters) -EFG International said it had seen a “significant increase” in underlying net profit for the first nine ..

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Twitter reviews policies around permanent user bans – FT

(Reuters) -Twitter Inc is reviewing its policies around permanently banning users, possibly bringing its content moderation in line wi..

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Meta’s new Quest Pro headset, mixing real and virtual worlds, makes debut

By Katie Paul (Reuters) -Meta Platforms unveiled its Quest Pro virtual and mixed reality headset on Tuesday, marking a milestone for C..

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