Analysis-Aircraft shortages turn into cash bonanza for some airlines
By Rajesh Kumar Singh CHICAGO (Reuters) – Aircraft shortages are turning into a moneymaker for some airlines as the dearth of su..
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India cenbank moves 100 tons of gold from UK to domestic vaults, TOI reports
BENGALURU (Reuters) – India’s central bank has moved a little more than 100 metric tons of gold from the UK to its domest..
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Stocks regain some ground, bonds steady after rate angst sell-off
By Samuel Indyk and Rae Wee LONDON (Reuters) -European stocks edged higher on Thursday as bonds regained some ground after a sell-off..
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Britain’s creaking power grid leaves green energy revolution adrift
By Paul Sandle and Kate Holton PORTSMOUTH, England (Reuters) – British ferry operator Wightlink wants to order a $60 million, s..
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Battle over power pylons highlights Britain’s net zero challenge
By Elizabeth Piper WAVENEY VALLEY, England (Reuters) – Dot Matthie says she faces losing the use of the airstrip in her field b..
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Dollar trades around two-week high as U.S. bond yields surge
(Corrects days of 0.5% falls in paragraphs four and 11 to Wednesday, from Tuesday) By Harry Robertson and Kevin Buckland LONDON/TOKYO..
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Birkenstock raises annual revenue forecast on strong footwear demand
(Reuters) – Birkenstock raised its annual revenue forecast on Thursday, as the German sandal maker bets on benefits from full-pr..
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Italy April jobless rate falls to 6.9%, lowest since 2008
ROME (Reuters) – Italy’s unemployment rate declined to 6.9% in April from a downwardly revised 7.1% the month before, data..
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Brookfield enters deal to buy France’s Neoen for $6.6 billion
(Reuters) -Canada’s Brookfield said on Thursday that it, together with Brookfield Renewable Partners and Singapore’s Tema..
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Sneaker maker Golden Goose aims to list in Milan in June
MILAN (Reuters) – Italian luxury sneaker brand Golden Goose said on Thursday it aims to list on Milan’s Euronext in June...
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Airline SAS posts bigger Q2 loss, eyes end to restructuring
(Reuters) – Scandinavian airline SAS posted a bigger pretax loss for its fiscal second quarter compared to a year earlier and s..
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German inflation higher than expected ahead of ECB rates decision
By Rachel More BERLIN (Reuters) -German inflation rose slightly more than forecast to 2.8% in May, although economists said an increas..
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Global unemployment to slightly fall in 2024, UN labour body says
By Matteo Allievi (Reuters) -The global unemployment rate is expected to fall slightly to 4.9% this year from 5.0% in 2023, even as i..
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Aplomado Investments & Fenton Whelan Real Estate (AFW) and GSM Middle East to launch a super-premium, British international School on Qetaifan Island North, Qatar
LONDON, 28th May, 2024: Global Schools Management (GSM), which owns over 165 schools, and educates over 45,000 students in the United..
Finance
China’s Geely to launch hybrids with more fuel-efficient engines
SHANGHAI (Reuters) – China’s Geely Holding Group on Wednesday said it would launch a series of hybrid models in the first..
Headlines
German consumer sentiment recovers further heading into June
BERLIN (Reuters) – German consumer sentiment improved for the fourth month in a row heading into June as the outlook brightened..
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Uber to offer Seine cruises, day trips in Paris during Olympics rush
The ride-hailing platform will offer its “Uber Cruises” free of charge from July 12 to August 3, and customers can also ..
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BYD unveils new hybrid tech as battle with gasoline rivals heats up
SHANGHAI (Reuters) -China’s BYD launched on Tuesday the latest version of a plug-in hybrid technology that improves fuel and co..
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Hess shareholders sign off on $53 billion sale to Chevron
By Sabrina Valle HOUSTON (Reuters) -Hess shareholders on Tuesday approved the proposed $53 billion merger with Chevron that paves the..
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Global equity index dips as investors await inflation prints
By Sinéad Carew and Alun John NEW YORK/LONDON (Reuters) -A global equities gauge fell slightly on Tuesday while U.S. indexes were a..
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Dollar slips ahead of data, set for first monthly drop in 2024
By Stefano Rebaudo (Reuters) -The dollar eased against most currencies on Tuesday ahead of key U.S. and euro zone inflation data late..
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Mosaic Data Science’s Neural Search Solution Named the Top Insight Engine of 2024 by CIO Review
In a significant acknowledgment of its pioneering efforts in the realm of insight engines, Mosaic Data Science has been recognized as..
Technology
What is OPEC+ and how does it affect oil prices?
DUBAI (Reuters) – The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia are known collecti..
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Oil edges higher after inflation gloom hit prices
By Robert Harvey LONDON (Reuters) – Oil prices crept higher on Friday, having been under pressure from lingering concerns that ..
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Dollar holds firm as traders trim US rate cut bets
Dollar holds firm as traders trim US rate cut bets
By Tom Westbrook and Amanda Cooper SINGAPORE/LONDON (Reuters) – The dollar was set for its largest weekly rise in a month-and-a-half on Friday ..
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Wall St rallies, Treasury yields steady ahead of holiday weekend
By Stephen Culp NEW YORK (Reuters) – Wall Street rebounded and Treasury yields paused in the wake of upbeat economic data on Fr..
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UK commercial property values stabilising despite offices drag, says British Land
By Iain Withers and Aby Jose Koilparambil LONDON (Reuters) -Landlord British Land said UK commercial property values have begun to st..
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Mosaic Data Science Named Top AI & Machine Learning Company of 2024 by CIO Review
The data science consultancy is honored to have received this recognition for the second consecutive year. Leesburg, VA – May 14, 202..
Technology
Stellantis CEO: electric vehicle tariffs are a trap
By Joseph White and Christoph Steitz MUNICH (Reuters) -Stellantis expects a major battle with Chinese rivals in the European market..
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Analysis-Europe stock pickers go old-school to ride the next wave in AI
By Lucy Raitano LONDON (Reuters) – European stock pickers are turning to more established sectors like utilities, professiona..
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European shares to hit pause before rising again in 2025: Reuters poll
By Danilo Masoni and Samuel Indyk MILAN (Reuters) – A record-breaking run in European shares has made them more vulnerable to p..
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Stocks stumble on inflation jitters, offsetting high Nvidia hopes
By Tom Wilson LONDON (Reuters) -Shares fell on Wednesday as stronger-than-expected inflation in Britain offset hopes that AI-heavywei..
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UK inflation pressure stays hot, dashing hopes for June rate cut
By Andy Bruce and Suban Abdulla LONDON (Reuters) -Inflation in Britain eased less than expected and a key core measure of prices bare..
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Dollar up as traders await Fed clues; sterling rises
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose against the euro on Wednesday as investors awaited Federal Reserve meeting m..
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US dollar dips vs yen after Fed’s Waller rules out rate hikes again
By Gertrude Chavez-Dreyfuss and Stefano Rebaudo NEW YORK/MILAN (Reuters) – The U.S. dollar slipped against the yen on Tuesday i..
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Prehost.com Unveils Web Hosting Speed Insights from 17M+ Websites
The new service Prehost.com reveals the true performance of web hosting services. Using data from real user visits on over 17 million..
Technology
Otonomos Strengthens Growth Plans with Appointment of Account Director Connor Hayes
20th May 2024 Otonomos, a Web3-focused international incorporation and entity management platform, has appointed Connor Hayes as Acco..
Business