Headlines

TUI sees summer travel demand ‘significantly’ lifting 2023 profit

TUI sees summer travel demand ‘significantly’ lifting 2023 profit

By Joanna Plucinska LONDON (Reuters) -German travel firm TUI said it expects strong revenue and higher profit in 2023 on the back of ..

French retailer Casino’s shares slump 6% after S&P downgrade

French retailer Casino’s shares slump 6% after S&P downgrade

PARIS (Reuters) -Shares in French retailer Casino fell more than 6% on Wednesday after Standard & Poor’s cut its long-term c..

Grocery retailer Ahold Delhaize sees Europe’s food inflation slowing

Grocery retailer Ahold Delhaize sees Europe’s food inflation slowing

(Reuters) -Supermarket group Ahold Delhaize expects food inflation in Europe to slow in the second half of this year, CEO Frans Mulle..

ASOS reports first-half loss as shoppers cut back

ASOS reports first-half loss as shoppers cut back

LONDON (Reuters) -ASOS, Britain’s one-time poster child for the shift to online fashion retailing, swung to a first-half loss, ..

Dufry sales more than double on travel rebound, Autogrill acquisitionv

Dufry sales more than double on travel rebound, Autogrill acquisitionv

(Reuters) – Swiss duty-free retailer Dufry on Wednesday reported a 113.4% jump in its first-quarter turnover, beating market es..

E.ON to hit upper end of 2023 outlook after strong Q1

E.ON to hit upper end of 2023 outlook after strong Q1

FRANKFURT (Reuters) -E.ON, Europe’s largest energy networks operator, expects to hit the upper end of its profit outlook in 202..

Dollar eases before inflation data, with nagging worries over debt ceiling impasse

Dollar eases before inflation data, with nagging worries over debt ceiling impasse

By Rae Wee SINGAPORE (Reuters) – The dollar weakened broadly on Wednesday after U.S. President Joe Biden and top lawmakers fail..

Eurovision 2023 opens with acts walking Liverpool’s ‘Turquoise Carpet’

Eurovision 2023 opens with acts walking Liverpool’s ‘Turquoise Carpet’

LIVERPOOL, England (Reuters) – Eurovision 2023 kicked off on Sunday when 37 contenders walked the “Turquoise Carpet”..

King Charles greets wellwishers outside palace before coronation

King Charles greets wellwishers outside palace before coronation

LONDON (Reuters) -Britain’s King Charles and his son William greeted wellwishers outside Buckingham Palace in central London on ..

World leaders gather in London for King Charles’ coronation

World leaders gather in London for King Charles’ coronation

By Michael Holden LONDON (Reuters) – King Charles will hold a reception on Friday for world leaders gathered in London for his ..

WHO declares end to COVID global health emergency

WHO declares end to COVID global health emergency

By Jennifer Rigby LONDON (Reuters) -COVID-19 no longer represents a global health emergency, the World Health Organization said on Fr..

Analysis-Smoldering Iran nuclear crisis risks catching fire

Analysis-Smoldering Iran nuclear crisis risks catching fire

By Arshad Mohammed, John Irish, Jonathan Landay and Parisa Hafezi WASHINGTON/PARIS/DUBAI (Reuters) – Even as the United States ..

World food prices rise for first time in a year- FAO

World food prices rise for first time in a year- FAO

ROME (Reuters) – The United Nations food agency’s world price index rose in April for the first time is a year, but is st..

Adidas shares leap on results but CEO warns of bumpy year

Adidas shares leap on results but CEO warns of bumpy year

By Helen Reid LONDON (Reuters) -Adidas reported better-than-expected quarterly results and said the Chinese market was improving, sen..

Alpha Bank to sell bad loan portfolio to Fortress and Davidson Kempner

Alpha Bank to sell bad loan portfolio to Fortress and Davidson Kempner

ATHENS (Reuters) – Alpha Bank ACBr.AT, one of Greece’s four largest lenders, said on Friday it signed a binding agreement ..

UK PM Sunak: Election results show people want us to deliver for them

UK PM Sunak: Election results show people want us to deliver for them

LONDON (Reuters) – British Prime Minister Rishi Sunak said local elections results so far showed that people wanted his ruling ..

Portugal’s Galp quarterly profit up 62%, below market forecast

Portugal’s Galp quarterly profit up 62%, below market forecast

LISBON (Reuters) -Portugal’s Galp Energia reported on Friday a smaller-than-expected 62% rise in adjusted first-quarter profit ..

Republican leaders of Australia and NZ to pledge allegiance to king

Republican leaders of Australia and NZ to pledge allegiance to king

By Alasdair Pal and Lucy Craymer SYDNEY/WELLINGTON (Reuters) – The leaders of Australia and New Zealand will pledge their alleg..

Macquarie posts record profits on higher income from commodities arm

Macquarie posts record profits on higher income from commodities arm

By Praveen Menon and Roushni Nair (Reuters) -Australia’s Macquarie Group on Friday forecast higher short-term income from its l..

Geely’s London black cab unit unveils new large EV platform

Geely’s London black cab unit unveils new large EV platform

By Nick Carey ANSTY, England (Reuters) – Geely unit London Electric Vehicle Company (LEVC) on Friday unveiled a new, large elec..

Heineken to invest $300 million in Brazil to expand premium beer portfolio

Heineken to invest $300 million in Brazil to expand premium beer portfolio

SAO PAULO (Reuters) – Heineken NV, the world’s second-largest brewer, said on Thursday it will invest 1.5 billion reais (..

US Treasury’s top international official heads to Europe, Asia for talks on economy

US Treasury’s top international official heads to Europe, Asia for talks on economy

WASHINGTON (Reuters) – The U.S. Treasury Department’s top international official is heading to Europe and Asia this week ..

What to expect from King Charles’ coronation on May 6

What to expect from King Charles’ coronation on May 6

By Michael Holden LONDON (Reuters) -King Charles will be crowned at Westminster Abbey in a ceremony full of pomp, pageantry and solemn..

Volvo Cars to axe 1,300 jobs as it steps up cost cuts

Volvo Cars to axe 1,300 jobs as it steps up cost cuts

COPENHAGEN (Reuters) -Volvo Cars will lay off around 1,300 office-based employees in Sweden as it steps up cost cutting, the Sweden-b..

Euro zone April business activity grows on strong services demand – PMI

Euro zone April business activity grows on strong services demand – PMI

By Indradip Ghosh BENGALURU (Reuters) – Growth in euro zone business activity sped up in April, though less than initially indi..

Canadian PM Justin Trudeau to attend King Charles’ coronation in London

Canadian PM Justin Trudeau to attend King Charles’ coronation in London

OTTAWA (Reuters) -Canadian Prime Minister Justin Trudeau will travel to Britain to attend the Coronation of King Charles at London..

Joby Aviation to get investment from Tesla shareholder Baillie Gifford

Joby Aviation to get investment from Tesla shareholder Baillie Gifford

(Reuters) – British investment management firm Baillie Gifford will invest $180 million in electric aircraft maker Joby Aviation..

UniCredit to use 300 million euro charges for voluntary staff exits-sources

UniCredit to use 300 million euro charges for voluntary staff exits-sources

MILAN (Reuters) – UniCredit will use restructuring charges it is set to book this year to fund voluntary exits after receiving s..

Fed delivers small rate hike, opens door to pause in tightening cycle

Fed delivers small rate hike, opens door to pause in tightening cycle

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -The Federal Reserve on Wednesday raised interest rates by a quarter of a perc..

Metro Bank posts second quarter of profitability on mortgage loans demand

Metro Bank posts second quarter of profitability on mortgage loans demand

(Reuters) – Metro Bank on Wednesday said it had reached underlying profitability for the second consecutive quarter, as net inf..

Flutter Q1 revenues jump 29% as U.S. races ahead, UK bounces back

Flutter Q1 revenues jump 29% as U.S. races ahead, UK bounces back

By Padraic Halpin DUBLIN (Reuters) -Flutter grew its revenue by 29% on a pro-forma basis in the first quarter, driven by a near doubl..

King Charles’ coronation will be an economic boost, Buckingham Palace says

King Charles’ coronation will be an economic boost, Buckingham Palace says

By Michael Holden LONDON (Reuters) – The coronation ceremony for King Charles on Saturday will be the most glorious display of ..

Cineworld gets US court approval to raise $2.26 billion after bankruptcy

Cineworld gets US court approval to raise $2.26 billion after bankruptcy

By Dietrich Knauth (Reuters) – Bankrupt movie theater chain Cineworld received U.S. court approval on Tuesday to raise $2.26 bi..

Revlon emerges from bankruptcy after lender takeover

Revlon emerges from bankruptcy after lender takeover

By Dietrich Knauth (Reuters) -Revlon Inc said on Tuesday that it has emerged from bankruptcy after cutting more than $2.7 billion in ..

Oil slumps 5% to five-week low amid US debt default fears

Oil slumps 5% to five-week low amid US debt default fears

By Scott DiSavino NEW YORK (Reuters) -Oil prices sank about 5% to a five-week low on Tuesday on concerns about the economy as U.S. pol..

Dollar dips as job openings fall, Fed meeting in focus

Dollar dips as job openings fall, Fed meeting in focus

By Karen Brettell NEW YORK (Reuters) – The dollar fell Tuesday after data showed that U.S. job openings fell in March, a day be..

Sport-Ronaldo tops Forbes’ highest-paid athletes list in 2023 after Saudi move

Sport-Ronaldo tops Forbes’ highest-paid athletes list in 2023 after Saudi move

(Reuters) – Cristiano Ronaldo became the world’s highest-paid athlete after his move to Saudi Arabian side Al-Nassr nearl..