Headlines

US FDA still not satisfied with Philips recall; stock falls over 9%

US FDA still not satisfied with Philips recall; stock falls over 9%

By Toby Sterling and Piotr Lipinski AMSTERDAM (Reuters) -The U.S. Food and Drug Administration (FDA) said it is still not satisfied w..

ECB’s Schnabel can’t rule out more hikes amid inflation risks

ECB’s Schnabel can’t rule out more hikes amid inflation risks

FRANKFURT (Reuters) -The European Central Bank may need to raise interest rates again if wages, profits or new supply snags boost inf..

GSK raises $1.1 billion from Haleon stake sale

GSK raises $1.1 billion from Haleon stake sale

(Reuters) -British drugmaker GSK on Friday said it raised 885.6 million pounds ($1.08 billion) from a stake sale in Haleon, bringing ..

UK’s J D Wetherspoon posts higher sales on resilient demand

UK’s J D Wetherspoon posts higher sales on resilient demand

(Reuters) -British pub group J D Wetherspoon said on Friday sales in the first nine weeks of its financial year rose nearly 10% on str..

Norway plans resource tax on onshore wind farms

Norway plans resource tax on onshore wind farms

OSLO (Reuters) – Norway will introduce a resource rent tax on onshore wind power from 2024, although existing facilities will g..

Finnair to raise $632 million to shore up finances

Finnair to raise $632 million to shore up finances

STOCKHOLM (Reuters) -Finnish airline Finnair said on Friday it planned to raise up to 600 million euros ($632 million) in a rights is..

Explainer-Why are British lender Metro Bank’s shares plunging?

Explainer-Why are British lender Metro Bank’s shares plunging?

By Lawrence White LONDON (Reuters) – Mid-sized British lender Metro Bank saw its shares plunge more than 25% on Thursday follow..

Oil prices fall again; demand worries outweigh tight supply

Oil prices fall again; demand worries outweigh tight supply

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices fell about 2% on Thursday, extending the previous session’s nearly 6% loss..

UK to examine Amazon and Microsoft’s cloud dominance

UK to examine Amazon and Microsoft’s cloud dominance

By Paul Sandle and Yadarisa Shabong LONDON (Reuters) -Britain’s media regulator on Thursday asked the country’s antitrust..

Analysis-When, not if, Europe copies Wall Street share trading reform

Analysis-When, not if, Europe copies Wall Street share trading reform

By Huw Jones LONDON (Reuters) – The European Union, Britain and Switzerland have little choice but to copy Wall Street in speed..

Citigroup outlines layoff process, reassignments as overhaul takes shape

Citigroup outlines layoff process, reassignments as overhaul takes shape

By Lananh Nguyen, Saeed Azhar and Tatiana Bautzer NEW YORK (Reuters) -Citigroup managers are reviewing staff rosters to determine by ..

Dollar, stocks slip amid still tight U.S. labor market

Dollar, stocks slip amid still tight U.S. labor market

By Herbert Lash and Elizabeth Howcroft NEW YORK/LONDON (Reuters) -The dollar eased and a gauge of global equities slipped on Thursday..

Greedy beast’ of inflation not yet defeated, Bundesbank chief says

Greedy beast’ of inflation not yet defeated, Bundesbank chief says

FRANKFURT (Reuters) – Euro zone inflation is falling but the fight is not yet won and the high rate of underlying price growth ..

Pound dips after weak UK construction data, BoE survey

Pound dips after weak UK construction data, BoE survey

By Samuel Indy   LONDON (Reuters) – The British pound dipped against the U.S. dollar and the euro on Thursday after data s..

Alstom cash flow warning wipes $3 billion off train maker’s value

Alstom cash flow warning wipes $3 billion off train maker’s value

(Reuters) -Alstom’s shares plunged by as much as 38% in Paris on Thursday after the French train maker slashed its full-year fr..

Jewellery retailer Pandora raises growth targets, shares jump

Jewellery retailer Pandora raises growth targets, shares jump

By Helen Reid LONDON (Reuters) -Jewellery retailer Pandora raised its growth targets on Thursday, saying investments in the brand and..

Birkenstock the latest shoe IPO to drop in a tough market

Birkenstock the latest shoe IPO to drop in a tough market

By Ananya Mariam Rajesh and Helen Reid (Reuters) – Sandal company Birkenstock needs to sell more clogs and boots and boost sale..

UK new car sales rise about 20% in September, says industry body SMMT

UK new car sales rise about 20% in September, says industry body SMMT

(Reuters) – New car sales in Britain rose roughly 20% in September from a year earlier, driven largely by an increase in regist..

UK PM Sunak offers billions for new links after scrapping HS2 northern leg

UK PM Sunak offers billions for new links after scrapping HS2 northern leg

By Alistair Smout and Sarah Young MANCHESTER (Reuters) – British Prime Minister Rishi Sunak cancelled the northern leg of the c..

Europe could become energy self-sufficient in $2 trillion push – study

Europe could become energy self-sufficient in $2 trillion push – study

FRANKFURT (Reuters) – Europe could wean itself off fossil fuels and create a self-sustainable energy sector by spending around ..

World’s biggest bond markets steady after heavy selloff

World’s biggest bond markets steady after heavy selloff

By Alun John and Naomi Rovnick LONDON (Reuters) -A broad selloff in world government bonds on Wednesday drove up U.S. 30-year Treasur..

UK business downturn eases after inflation data, BoE pause – PMI

UK business downturn eases after inflation data, BoE pause – PMI

LONDON (Reuters) – British services companies suffered a less severe downturn in September than first feared, reflecting a surp..

Euro zone economy likely contracted in Q3 amid waning demand

Euro zone economy likely contracted in Q3 amid waning demand

By Jonathan Cable LONDON (Reuters) – The euro zone economy probably shrank last quarter, according to a survey which showed dem..

Global bond rout deepens before receding on relief rally

Global bond rout deepens before receding on relief rally

By Herbert Lash and Tom Wilson NEW YORK/LONDON (Reuters) -A rout in government bond markets deepened on Wednesday with benchmark U.S...

ECB’s Centeno says rate cycle likely completed, inflation retreating

ECB’s Centeno says rate cycle likely completed, inflation retreating

LISBON (Reuters) -The cycle of interest rate hikes by the European Central Bank has likely come to an end as inflation across the euro..

Factbox-Italy feels health sector pinch as Europe struggles post COVID-19

Factbox-Italy feels health sector pinch as Europe struggles post COVID-19

ROME (Reuters) – Italy’s government has warned that a shortage of doctors and nurses in the national health service repre..

Euro zone Aug producer prices edge up month-on-month as expected, plunge year-on-year

Euro zone Aug producer prices edge up month-on-month as expected, plunge year-on-year

BRUSSELS (Reuters) – Euro zone producer prices edged higher as expected month-on-month in August and plunged year-on-year on a ..

Exxon Mobil to sell majority stake in Italy LNG terminal to BlackRock

Exxon Mobil to sell majority stake in Italy LNG terminal to BlackRock

By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp chose BlackRock as the potential buyer for its majority stake in Italy..

Central bank test lab develops global bitcoin mapping system

Central bank test lab develops global bitcoin mapping system

By Marc Jones LONDON (Reuters) – A global central bank test lab has designed a prototype bitcoin monitoring system aimed at givi..

Russian car sales jump in September as Chinese brands expand market share

Russian car sales jump in September as Chinese brands expand market share

(Reuters) – Car sales in Russia jumped by 148.6% year-on-year in September, continuing to rebound from a huge slump in 2022, an..

Sanofi to co-develop Teva Pharmaceutical’s Colitis, Crohn’s drug

Sanofi to co-develop Teva Pharmaceutical’s Colitis, Crohn’s drug

By Steven Scheer JERUSALEM (Reuters) – Teva Pharmaceutical Industries said on Wednesday it will collaborate with French drugmak..

Britain’s SSE sees weaker half-year profit on subdued renewables output

Britain’s SSE sees weaker half-year profit on subdued renewables output

(Reuters) -British power generator and network operator SSE Plc on Wednesday said it expects to report half-year adjusted earnings of..

Britain’s Tesco upgrades outlook as inflation eases

Britain’s Tesco upgrades outlook as inflation eases

LONDON (Reuters) -Tesco, Britain’s biggest supermarket, upgraded its annual profit guidance on Wednesday as food inflation ease..

Spotify Premium to include free access to audiobooks in UK, Australia

Spotify Premium to include free access to audiobooks in UK, Australia

(Reuters) – Spotify said on Tuesday that users of its premium services in the UK and Australia would now have 15 hours of free ..

UK’s Petrofac gets over $600 million carbon capture contract from ADNOC Gas

UK’s Petrofac gets over $600 million carbon capture contract from ADNOC Gas

(Reuters) -UK oil services firm Petrofac said on Tuesday it got a more than $600 million contract from ADNOC Gas for the Habshan carb..

Banks behind 70% jump in greenwashing incidents in 2023 -report

Banks behind 70% jump in greenwashing incidents in 2023 -report

LONDON (Reuters) – The number of instances of greenwashing by banks and financial services companies around the world rose 70% ..

Countries pledge to raise $12 billion to fund coral reef protection

Countries pledge to raise $12 billion to fund coral reef protection

By David Stanway SINGAPORE (Reuters) – An alliance of nations said on Tuesday members would raise $12 billion to protect coral ..