EU and Belgium invest $1.6 billion in chip technology firm Imec
BRUSSELS (Reuters) -The European Union and Belgium’s regional Flemish government will together invest 1.5 billion euros ($1.6 b..
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Amman Mineral makes firm debut in Indonesia’s biggest IPO this year
By Bernadette Christina, Fransiska Nangoy and Yantoultra Ngui JAKARTA/SINGAPORE (Reuters) -Amman Mineral Internasional ended 3.5% hig..
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Continental to phase out activities at Gifhorn plant by end of 2027
BERLIN (Reuters) -Continental said on Friday it plans to phase out business activities at its Gifhorn plant by the end of 2027, with ..
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UK house prices post biggest annual drop since 2011: Halifax
By Andy Bruce LONDON (Reuters) -British house prices fell last month in annual terms at the fastest rate in 12 years and soaring inte..
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German economy faces uphill climb as industrial output falls
BERLIN (Reuters) – A swift economic recovery for Germany appeared less likely on Friday as data showed a surprise fall i..
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Telefonica sells controlling stake in Peruvian fibre optic network to KKR
MADRID (Reuters) – Telefonica has sold a 54% stake in its fibre optic network in Peru to U.S. private equity fund KKR and 10% t..
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Stocks squeal as borrowing costs return to banking crisis highs
By Marc Jones LONDON (Reuters) – World stocks fell for a third straight day on Thursday, as strong U.S. jobs data bolstered bets..
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Metaverse has set off no alarms or need for controls yet – EU’s Vestager
By Foo Yun Chee BRUSSELS (Reuters) -The metaverse, shared virtual worlds accessible through the internet, has not triggered any conce..
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Berlusconi leaves control of family business to two eldest children
By Elvira Pollina MILAN (Reuters) – Silvio Berlusconi’s eldest children Marina and Pier Silvio will jointly share majorit..
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Travel agency Booking to defend ETraveli deal at July 7 EU hearing
By Foo Yun Chee BRUSSELS (Reuters) – Online travel agency Booking Holdings will on Friday try to convince European Union antitr..
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Oil steadies as market digests supply and demand outlook
By Natalie Grover LONDON (Reuters) -Oil prices were little changed on Thursday as the market digested tighter crude supply alongside ..
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Meta takes aim at Twitter with Threads app, millions join
By Katie Paul NEW YORK (Reuters) -Meta Platforms on Wednesday launched a direct challenge to Twitter with Threads, garnering millions..
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Volkswagen ready to act amid China metal export curbs
(Reuters) – Volkswagen on Thursday said it was monitoring the situation on the raw materials markets after China announced it w..
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World Cup fever lifts Qatar Airways revenue to record high
By Hadeel Al Sayegh DUBAI (Reuters) -Qatar Airways late on Wednesday reported a record annual revenue of 76.3 billion riyals ($21 bil..
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Foxconn chairman holds talks with Sharp employees in Japan after profit slump
TAIPEI (Reuters) -Foxconn Chairman Liu Young-way held talks with senior and mid-level employees at Japan’s Sharp this week and ..
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Samsung profit likely lowest in more than 14 years as chip glut persists
By Joyce Lee SEOUL (Reuters) -Samsung Electronics’ June-quarter profit is expected to plunge 96% on-year to the lowest for any ..
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UK regulator orders investment funds to manage liquidity better
By Huw Jones LONDON (Reuters) – Some asset managers face sanctions for failing to manage liquidity properly, posing risks to ma..
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US crude oil gains on supply cuts, focus shifts to holiday demand
By Shariq Khan BENGALURU (Reuters) – U.S. crude oil gained about 3% on Wednesday, narrowing the price gap with global benchmark ..
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Euro zone consumers see lower inflation ahead – ECB poll
FRANKFURT (Reuters) -Euro zone consumers in May cut their inflation expectations again for the following 12 months, although they sti..
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Adidas HR chief latest board member to leave since arrival of Gulden as CEO
BERLIN (Reuters) – Adidas said on Wednesday that its HR chief Amanda Rajkumar would leave the company this month after less tha..
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SBI Holdings to help Taiwan’s Powerchip build a plant in Japan
TOKYO (Reuters) – Financial firm SBI Holdings said on Wednesday it would help Taiwan’s Powerchip Semiconductor Manufactur..
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British lawmakers say new health agency had weak financial controls
LONDON (Reuters) – The UK Health Security Agency was set up with financial controls that were so weak parliament cannot establi..
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Thai headline inflation at 22-month low, lowers 2023 price rise forecast
BANGKOK (Reuters) -Thailand’s annual headline inflation unexpectedly rose in June but at its slowest pace in 22 months, and the..
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Singapore’s fight against inflation still on amid uncertain growth outlook -central bank
By Xinghui Kok SINGAPORE (Reuters) – Singapore’s central bank warned on Wednesday of weak near-term growth for one of Asi..
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Lamborghini sells out combustion engine models – WELT
(Reuters) – Lamborghini’s combustion engine models are sold out until the end of production, its chief executive was quot..
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China Investment sells some shares in Teck Resources
(Reuters) – China investment corporation (CIC) said on Tuesday its wholly-owned subsidiary, Fullbloom Investment Corporation, s..
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EV batteries remain major challenge for insurers – UK’s Thatcham
By Nick Carey LONDON (Reuters) – A lack of data on electric vehicle (EV) batteries continues to challenge insurers who are forc..
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Cyber insurance rates drop 10% in June -report
LONDON (Reuters) – Cyber insurance rates dropped around 10% in June compared with a year earlier, reversing recent sharp rate r..
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UK refutes claims it is dropping $14.76 billion climate pledge
(Reuters) -The British government said on Tuesday that claims it was dropping its International Climate Finance pledge are false, afte..
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Italy’s finances creak as budget deficit climbs in Q1
By Gavin Jones and Giuseppe Fonte ROME (Reuters) – Italy’s budget deficit widened in the first quarter to 12.1% of gross ..
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Oil up as market weighs supply cuts against gloomy economic outlook
By Natalie Grover LONDON (Reuters) -Oil prices ticked higher on Tuesday as markets weighed supply cuts for August by top exporters Sa..
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German retailers face 4% slump in sales in real terms in 2023 – HDE
BERLIN (Reuters) – German retailers expect to bring in 4% less sales income this year than last in real terms as inflation rema..
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UniCredit appoints new head of digital to replace Jingle after two years
MILAN (Reuters) – UniCredit has named Ali Khan, a cloud specialist who joins from consultancy PwC, as its new head of digital a..
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Chinese smartphones sales exceed 70% of Russian market
(Reuters) – Chinese smartphones dominated the Russian market in the first half of 2023, exceeding 70% of all sales, leading con..
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Sainsbury’s says UK food inflation falling as sales rise
By James Davey LONDON (Reuters) -Sainsbury’s, Britain’s second largest supermarket group, said on Tuesday food inflation ..
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Twitter says users must be verified to access TweetDeck
By Sheila Dang (Reuters) -Twitter users will soon need to be verified in order to use TweetDeck, the social media company said in a t..
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Arrival, Nikola signal more pain for EV startups
(Reuters) -Arrival SA will terminate plans to merge with a blank-check firm and Nikola Corp will offload its newly acquired battery u..
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