Norway wealth fund to firms: use AI, but do it responsibly
By Gwladys Fouche OSLO (Reuters) – Norway’s $1.4 trillion wealth fund, the world’s single largest stock market inve..
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Sweden, UK lead European shares lower on rate-hike fears
By Shashwat Chauhan and Ankika Biswas (Reuters) -UK and Swedish stocks led declines among European peers on Tuesday after data from b..
Finance
UK lenders trial government-backed loans for risky borrowers
By Martin Coulter and Muvija M LONDON (Reuters) – A handful of small UK commercial lenders are offering interest-free loans to ..
Finance
As World Cup breaks records, Adidas, Nike navigate bumps in retail demand
By Helen Reid and Amy Tennery LONDON/AUCKLAND (Reuters) – The unpredictability of the Women’s World Cup, with the U.S. kn..
News
Lufthansa’s Eurowings sees positive operating result in FY 23
FRANKFURT (Reuters) – Lufthansa’s budget subsidiary Eurowings expects a positive operating result this year, chief executi..
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No sustained recovery on horizon for German economy -econ min
BERLIN (Reuters) – Germany’s economy is not likely to see a sustained recovery in the coming months based on early indica..
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Agnelli family’s Exor buys $2.8 billion stake in Philips
By Toby Sterling and Bart H. Meijer AMSTERDAM (Reuters) -Dutch investment firm Exor NV, controlled by Italy’s Agnelli family, h..
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German network regulator names 2nd managing director of Rosneft Deutschland
BERLIN (Reuters) – Germany’s network regulator on Monday said it had appointed Udo Giegerich as a second managing directo..
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Italy PM Meloni takes ‘full responsibility’ for bank tax
MILAN (Reuters) -Italian Prime Minister Giorgia Meloni on Monday took “full responsibility” for last week’s shock d..
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Analysis-Big losses in Russia-linked stocks have investors rethinking other depositary receipts
Analysis-Big losses in Russia-linked stocks have investors rethinking other depositary receipts
By Sinead Cruise and Carolina Mandl LONDON/NEW YORK (Reuters) – Global investors are losing confidence in securities linked to shares of compan..
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Analysis-Big losses in Russia-linked stocks have investors rethinking other depositary receipts
Analysis-Big losses in Russia-linked stocks have investors rethinking other depositary receipts
By Sinead Cruise and Carolina Mandl LONDON/NEW YORK (Reuters) – Global investors are losing confidence in securities linked to shares of compan..
News
UK employers plan 5% pay rises, many resort to counteroffers: CIPD
By David Milliken LONDON (Reuters) – British employers expect to raise pay by 5% over the coming year and are increasingly makin..
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EU regulators back WHO’s COVID vaccine update recommendation
EU regulators back WHO’s COVID vaccine update recommendation
..
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B&M sees higher profit as Britons hunt for bargains
B&M sees higher profit as Britons hunt for bargains
By Prerna Bedi and Yadarisa Shabong (Reuters) – British discount retailer B&M on Wednesday forecast higher core earnings for its 2023-24 fin..
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UK employers plan 5% pay rises, many resort to counteroffers: CIPD
UK employers plan 5% pay rises, many resort to counteroffers: CIPD
..
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UK employers plan 5% pay rises, many resort to counteroffers: CIPD
By David Milliken LONDON (Reuters) – British employers expect to raise pay by 5% over the coming year and are increasingly maki..
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Best books to read to be successful
Success is a journey, and books serve as valuable guides on this path of personal and professional growth. Whether you aspire to excel..
Opinion
Importance of customer relationship management
In today’s fast-paced and highly competitive business landscape, the importance of effective customer relationship management (..
Opinion
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Mediobanca to launch new $223 million buyback after record year
Mediobanca to launch new $223 million buyback after record year
MILAN (Reuters) – Italy’s Mediobanca said on Thursday it would buy back its own shares for around 200 million euros ($223 million) in its..
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Barclays gets Warburg Pincus, Centerbridge bids for German consumer finance unit – sources
Barclays gets Warburg Pincus, Centerbridge bids for German consumer finance unit – sources
By Amy-Jo Crowley and Emma-Victoria Farr LONDON/FRANKFURT (Reuters) – Barclays has received non-binding offers from private equity firms includ..
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Lloyd’s of London insurer Hiscox profit spikes on premium rise
By Carolyn Cohn LONDON (Reuters) -Lloyd’s of London insurer Hiscox posted a sharp rise in pretax profit on rising premium rates..
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Bottler Coca-Cola HBC lifts sales outlook
By Radhika Anilkumar (Reuters) -Coca-Cola HBC lifted its annual revenue forecast on Wednesday as the bottler benefited from higher pr..
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Germany’s Delivery Hero hikes 2023 revenue guidance
(Reuters) -German online takeaway food company Delivery Hero on Wednesday raised its full-year revenue outlook, after it swung to a pr..
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Greek EU-harmonised inflation rises to 3.5% y/y in July
(Reuters) – Greece’s annual EU-harmonised inflation accelerated to +3.5% in July from +2.8% in June, data showed on Tuesd..
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No quick fix to reverse Antarctic sea ice loss as warming intensifies – scientists
By David Stanway SINGAPORE (Reuters) – Sea ice in the Antarctic region has fallen to a record low this year as a result of risi..
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Fund manager abrdn’s assets hit by market volatility, shares dive
(Reuters) -Fund manager abrdn’s shares fell nearly 9% on Tuesday after it reported a drop in assets under management in the fir..
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Video-gaming revenue to grow 2.6% in 2023 on console sales strength – report
By Akshita Toshniwal (Reuters) – Global video-games market would return to growth in 2023 on the back of strong sales of consol..
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WeWork rival IWG’s half-year profit surges on high demand, improved pricing
By Aby Jose Koilparambil (Reuters) -Office rental firm IWG retained a “cautiously optimistic” outlook after posting a 48% ..
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Germany’s Fraport sees earnings boost on higher passenger volumes
(Reuters) -Frankfurt Airport operator Fraport on Tuesday updated its 2023 core profit and net income forecasts, after first-half earn..
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Asian markets down, dollar up after weak China trade data
By Scott Murdoch SYDNEY (Reuters) – Asian share markets were mostly weaker on Tuesday but the dollar strode higher as investors..
News
UBS shuffles bank bosses in bid to better compete with Wall Street
LONDON/NEW YORK (Reuters) -UBS on Monday announced an overhaul of its investment banking division, including naming the unit’s ..
News
TSMC to decide in favour of German factory on Tuesday – Handelsblatt
BERLIN (Reuters) – Taiwanese semiconductor manufacturer TSMC’s board of directors will decide in favour of building a fac..
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After heatwave, looming typhoon forces scouts to evacuate South Korea campsite
By Hyunsu Yim and Ju-min Park SEOUL (Reuters) – Tens of thousands of youngsters will be evacuated from the campsite of the Worl..
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Heatwave caused higher than normal death rate in southern Italy
ROME (Reuters) – The central and southern regions of Italy recorded 7% more deaths than normal in July after a baking heatwave, ..
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BioNTech reduces drug development spend as COVID vaccine sales plunge
By Ludwig Burger and Patricia Weiss FRANKFURT (Reuters) -Germany’s BioNTech, Pfizer’s partner on COVID-19 vaccines, cut i..
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German regulator rejects request for postage stamp price hike
BERLIN (Reuters) -Germany’s federal network regulator has rejected a request by postal service operator Deutsche Post to raise t..
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Miners drag London stocks lower; Unite Group slips
By Shreyashi Sanyal (Reuters) -The UK’s exporter-heavy FTSE 100 index dipped on Monday, weighed down by heavyweight miners, whi..
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