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Italy’s luxury groups set aside rivalries to keep it local

Italy’s luxury groups set aside rivalries to keep it local

By Elisa Anzolin MILAN (Reuters) – Italy’s luxury fashion groups, which for decades jealously guarded their independence,..

Euro zone ministers agree on gradual wind-down of spending

Euro zone ministers agree on gradual wind-down of spending

BRUSSELS (Reuters) – Euro zone finance ministers agreed on Thursday that the single currency area needed a “determined, gr..

Ericsson’s quarterly operating profit declines, beats expectations

Ericsson’s quarterly operating profit declines, beats expectations

By Martin Coulter LONDON (Reuters) – Sweden’s Ericsson reported a 62% fall in second-quarter adjusted operating profit on..

Exclusive-Canada unfreezes talks with Turkey on export controls after NATO move-source

Exclusive-Canada unfreezes talks with Turkey on export controls after NATO move-source

By Jonathan Spicer and Huseyin Hayatsever ANKARA (Reuters) -Canada has unfrozen talks with Turkey on lifting export controls on drone..

Bosch ups investment in hydrogen, begins fuel-cell power module production

Bosch ups investment in hydrogen, begins fuel-cell power module production

BERLIN (Reuters) – German auto supplier Bosch will invest almost 2.5 billion euros ($2.8 billion) in hydrogen fuel cell technol..

Elon Musk thinks China is interested in an international AI framework

Elon Musk thinks China is interested in an international AI framework

By Kanishka Singh and Anna Tong WASHINGTON (Reuters) -Billionaire Elon Musk said on Wednesday he thinks China is interested in a coop..

UK’s Domino’s Pizza Group names new CEO

UK’s Domino’s Pizza Group names new CEO

(Reuters) -Domino’s Pizza Group said on Thursday Andrew Rennie, who has served as the Europe chief for a major franchise operat..

Discount retailer Pepco’s sales growth slows

Discount retailer Pepco’s sales growth slows

LONDON (Reuters) -European discount retailer Pepco Group reported a slowdown in underlying sales growth in its latest quarter on Thur..

Big companies toughen banking partner screening after crisis – survey

Big companies toughen banking partner screening after crisis – survey

By Laura Matthews NEW YORK (Reuters) – Large companies are spreading out their counterparty risk and increasing screening of the..

Wall Street cheers cool CPI with stock rally; dollar, yields decline

Wall Street cheers cool CPI with stock rally; dollar, yields decline

By Lawrence Delevingne (Reuters) -Wall Street stocks advanced on Wednesday and the dollar and Treasury yields fell after new U.S. inf..

British digital bank Monzo in talks to buy Nordic lender Lunar

British digital bank Monzo in talks to buy Nordic lender Lunar

LONDON (Reuters) – British digital bank Monzo is in early stage discussions about a potential acquisition of Nordic lender Luna..

Germany more flexible on hydrogen transition, emphasises speed – draft

Germany more flexible on hydrogen transition, emphasises speed – draft

FRANKFURT (Reuters) – Germany is set to hold on to its hydrogen economy goals up to 2030 and beyond while pressing for speed and..

Smurfit Kappa eyes wider North Africa expansion after Morocco opening

Smurfit Kappa eyes wider North Africa expansion after Morocco opening

By Padraic Halpin DUBLIN (Reuters) -Europe’s largest paper and packaging producer Smurfit Kappa expects the opening of its firs..

Bank of England says Britain is coping with higher interest rates

Bank of England says Britain is coping with higher interest rates

By David Milliken, Huw Jones and William Schomberg LONDON (Reuters) -Britain’s economy is so far proving resilient to a surge i..

Exclusive-SoftBank considering US listing for its PayPay business – sources

Exclusive-SoftBank considering US listing for its PayPay business – sources

By Sam Nussey and Miho Uranaka TOKYO (Reuters) -SoftBank is considering a U.S. listing for its PayPay payments business, three source..

Oil steadies amid economic concerns, higher U.S. crude stocks

Oil steadies amid economic concerns, higher U.S. crude stocks

By Laura Sanicola and Trixie Yap (Reuters) -Oil prices barely moved on Wednesday as markets weighed a possible build in U.S. crude st..

IBM mulls using its own AI chip in new cloud service to lower costs

IBM mulls using its own AI chip in new cloud service to lower costs

By Stephen Nellis SAN FRANCISCO (Reuters) – International Business Machines (IBM) is considering the use of artificial intellig..

Zara owner boosts sustainability goals as fast-fashion feels the heat

Zara owner boosts sustainability goals as fast-fashion feels the heat

By Corina Pons and Helen Reid MADRID/LONDON (Reuters) -Zara owner Inditex said on Tuesday it will look to recycling and sustainably f..

LG Chem raising $2 billion in exchangeable bonds

LG Chem raising $2 billion in exchangeable bonds

SEOUL (Reuters) – South Korea’s LG Chem Ltd is raising $2 billion in bonds that will exchange for LG Energy Solution Ltd ..

Stocks rise, dollar retreats ahead of inflation data

Stocks rise, dollar retreats ahead of inflation data

By Amanda Cooper LONDON (Reuters) -Global shares rose and the dollar eased on Tuesday ahead of U.S. inflation data that could support..

Heathrow passenger numbers near pre-pandemic levels in June

Heathrow passenger numbers near pre-pandemic levels in June

LONDON (Reuters) – Heathrow Airport, Britain’s busiest, said 7 million passengers traveled through it last month, putting..

U.S. says to move forward with transfer of F-16 jets to Turkey

U.S. says to move forward with transfer of F-16 jets to Turkey

VILNIUS (Reuters) – U.S. President Joe Biden will move forward with the transfer of F-16 fighter jets to Turkey in consultation..

Analysis-Japan’s changing views on price hikes open door for BOJ policy tweak

Analysis-Japan’s changing views on price hikes open door for BOJ policy tweak

By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) – Japanese consumers may finally be shedding their decades-old frugal min..

Food prices squeeze consumers in June, hot weather boosts summer spending: BRC

Food prices squeeze consumers in June, hot weather boosts summer spending: BRC

By Suban Abdulla LONDON (Reuters) – Unusually hot weather boosted sales of sun screen and barbecue food in Britain last month, ..

Oil rises on OPEC+ cuts, weaker dollar

Oil rises on OPEC+ cuts, weaker dollar

By Arathy Somasekhar and Sudarshan Varadhan (Reuters) -Oil prices edged higher on Tuesday, recouping some of the losses from the prev..

Apple opens store on China’s WeChat platform

Apple opens store on China’s WeChat platform

BEIJING (Reuters) -Tencent’s WeChat said on Tuesday that iPhone maker Apple had opened a store on its social media platform, ma..

Uniper chief says flexible duration LNG contracts key for Europe

Uniper chief says flexible duration LNG contracts key for Europe

By Nia Williams VANCOUVER (Reuters) – Shorter-duration contracts for LNG purchases will be important for Europe’s diversi..

Turkey backs Sweden’s NATO entry

Turkey backs Sweden’s NATO entry

(Reuters) – Turkey’s President Tayyip Erdogan agreed Monday to support Sweden’s bid to join NATO, a move that will ..

L&T, Spain’s Navantia to jointly bid for $5-billion India submarine tender

L&T, Spain’s Navantia to jointly bid for $5-billion India submarine tender

BENGALURU (Reuters) – Engineering and construction major Larsen & Toubro on Monday said it struck an agreement with Spanish..

Thames Water pulled back from the brink after investors pump in $960 million

Thames Water pulled back from the brink after investors pump in $960 million

By Sarah Young LONDON (Reuters) -Thames Water said its investors had agreed to inject 750 million pounds ($960 million) into the compa..

UK health regulator approves GSK’s vaccine for common respiratory virus RSV

UK health regulator approves GSK’s vaccine for common respiratory virus RSV

(Reuters) -Britain’s health regulator approved GSK’s vaccine for the respiratory syncytial virus (RSV), which causes thou..

Marketmind: China disinflation a mix of good and bad

Marketmind: China disinflation a mix of good and bad

(Reuters) – A look at the day ahead in European and global markets from Wayne Cole China’s inflation data for June surpri..

Analysis-Europe faces long wait for weight-loss drugs as governments eye costs

Analysis-Europe faces long wait for weight-loss drugs as governments eye costs

By Ludwig Burger and Andreas Rinke FRANKFURT (Reuters) – Novo Nordisk will start selling its hugely popular obesity drug Wegovy..

Gucci-owner Kering paid $3.8 billion for French fragrance label Creed – FT

Gucci-owner Kering paid $3.8 billion for French fragrance label Creed – FT

(Reuters) -Gucci-owner Kering paid 3.5 billion euros ($3.83 billion) for acquiring high-end French fragrance label Creed in June, the..

Innovation in EVs seen denting copper demand growth potential

Innovation in EVs seen denting copper demand growth potential

By Mai Nguyen HANOI (Reuters) -New electric vehicles from Tesla and rivals are being engineered for efficiency in a way that cuts cop..

Biden arrives in Britain to meet King Charles, PM Sunak

Biden arrives in Britain to meet King Charles, PM Sunak

By Michael Holden and Steve Holland LONDON (Reuters) -U.S President Joe Biden arrived in London late on Sunday for the start of a thr..

Jaguar Land Rover expects Q1 free cash flow of over $500 million

Jaguar Land Rover expects Q1 free cash flow of over $500 million

(Reuters) -Jaguar Land Rover (JLR) posted a 30% rise in wholesale volumes for the first quarter on Friday, as chip and other supply c..