Headlines

Ford posts lower profit, issues downbeat outlook; shares drop

Ford posts lower profit, issues downbeat outlook; shares drop

By Joseph White and Paul Lienert DETROIT (Reuters) -Ford Motor Co on Thursday said quarterly profits fell and the automaker predicted ..

Oil slumps on economic data, stronger U.S. dollar

Oil slumps on economic data, stronger U.S. dollar

By Laila Kearney NEW YORK (Reuters) -Oil prices settled lower on Thursday as U.S. industrial-linked factory orders dipped, while the d..

Roche flags 2023 earnings decline on slump in COVID products

Roche flags 2023 earnings decline on slump in COVID products

By Ludwig Burger BASEL (Reuters) – Roche warned of a decline in 2023 earnings, as revenue growth from new drugs, including its h..

Exclusive: Volvo readies EV blitz in biggest product revamp under Geely

Exclusive: Volvo readies EV blitz in biggest product revamp under Geely

By Norihiko Shirouzu (Reuters) – Volvo Cars is gearing up for an electric blitz to convert all its mainstay models – three..

UK and EU reach post-Brexit customs deal for N.Ireland-The Times

UK and EU reach post-Brexit customs deal for N.Ireland-The Times

LONDON (Reuters) -Britain and the European Union have struck a customs deal that could help end post-Brexit wrangling over Northern Ir..

Asia’s factory activity contracts despite China’s COVID reopening

Asia’s factory activity contracts despite China’s COVID reopening

By Leika Kihara TOKYO (Reuters) – Asia’s factory activity contracted in January as the boost from China’s COVID reop..

UK shop price inflation hits record 8% in January: BRC

UK shop price inflation hits record 8% in January: BRC

By David Milliken LONDON (Reuters) – Prices in British shops in January were 8.0% higher than a year before, the biggest annual ..

Wage data dents dollar recovery before Fed rate decision

Wage data dents dollar recovery before Fed rate decision

By Karen Brettell NEW YORK (Reuters) – The dollar fell on Tuesday, giving up earlier gains, after data showed U.S. labor costs i..

Dutch telecom KPN locks in 2023 targets helped by cost controls

Dutch telecom KPN locks in 2023 targets helped by cost controls

(Reuters) -Dutch telecoms company KPN NV aims to slightly improve its core profit this year, it confirmed on Tuesday, supported by cos..

Athletics-Farah returns for London Marathon before likely 2023 retirement

Athletics-Farah returns for London Marathon before likely 2023 retirement

(Reuters) -Britain’s four-times Olympic champion Mo Farah said on Tuesday he expects 2023 to be the final year of his career, af..

Philips to cut 13% of jobs in safety and profitability drive

Philips to cut 13% of jobs in safety and profitability drive

By Bart H. Meijer AMSTERDAM (Reuters) -Dutch health technology company Philips will scrap another 6,000 jobs worldwide as it tries to ..

Nissan and Renault agree to overhaul alliance, this time as equals

Nissan and Renault agree to overhaul alliance, this time as equals

By Maki Shiraki and Gilles Guillaume TOKYO/PARIS (Reuters) -Nissan Motor Co and Renault SA agreed on Monday to a sweeping remake of th..

UK’s Wetherspoon posts 13.1% rise in sales for 25-wk period

UK’s Wetherspoon posts 13.1% rise in sales for 25-wk period

(Reuters) – UK’s J D Wetherspoon reported a 13.1% rise in like-for-like sales for the 25 weeks to Jan. 22 on Wednesday, as..

Asian stocks make 7-month highs, Australian dollar gains on hot inflation

Asian stocks make 7-month highs, Australian dollar gains on hot inflation

By Anshuman Daga SINGAPORE (Reuters) -Asian equities scaled their highest levels in seven months on Wednesday after some regional mark..

Global economy seen facing a challenging year -Eurochambres

Global economy seen facing a challenging year -Eurochambres

BERLIN (Reuters) – The international business community expects a challenging 2023 marked by geopolitical tensions, high inflati..

Ford to make call on Europe job cuts by mid-Feb as buyers circle German site

Ford to make call on Europe job cuts by mid-Feb as buyers circle German site

By Victoria Waldersee and Christina Amann BERLIN (Reuters) -Ford will decide by mid-February how many jobs to cut in Europe a German u..

Exclusive-Binance moved $346 million for seized crypto exchange Bitzlato, data show

Exclusive-Binance moved $346 million for seized crypto exchange Bitzlato, data show

By Tom Wilson and Angus Berwick LONDON (Reuters) -Crypto giant Binance processed almost $346 million in bitcoin for the Bitzlato digit..

Prada’s Lorenzo Bertelli sets out ‘soft transition’ to new leadership

Prada’s Lorenzo Bertelli sets out ‘soft transition’ to new leadership

By Elisa Anzolin VENICE, Italy (Reuters) – Italian fashion group Prada is hiring former Luxottica chief Andrea Guerra to smooth ..

Sweden to upgrade Berzelius supercomputer with Nvidia AI systems

Sweden to upgrade Berzelius supercomputer with Nvidia AI systems

STOCKHOLM (Reuters) – Sweden will upgrade its Berzelius supercomputer using Nvidia’s latest artificial intelligence (AI) s..

Bank funding for renewables stagnates vs oil and gas – report

Bank funding for renewables stagnates vs oil and gas – report

LONDON (Reuters) – The share of bank finance going to renewable energy rather than fossil fuels has little changed in six years,..

EU’s planned reforms aim to better protect power bills from market swings

EU’s planned reforms aim to better protect power bills from market swings

By Kate Abnett BRUSSELS (Reuters) – European Union proposals to overhaul its electricity market will attempt to better protect c..

Activist investor Elliott Management takes stake in Salesforce -sources

Activist investor Elliott Management takes stake in Salesforce -sources

(Reuters) -Activist investor Elliott Management Corp has made a multi-billion dollar investment in cloud-based software firm Salesforc..

New suppliers race to plug in to electric car market

New suppliers race to plug in to electric car market

By Nick Carey and Paul Lienert WOKING, England (Reuters) – The global auto industry has committed $1.2 trillion to developing el..

Analysis-Frankfurt ‘STIRs’ up euro clearing battle with London

Analysis-Frankfurt ‘STIRs’ up euro clearing battle with London

By Huw Jones LONDON (Reuters) – Frankfurt expands derivatives clearing on Monday in an early test of how well European Union amb..

European junk debt sales spring back to life as sentiment improves

European junk debt sales spring back to life as sentiment improves

By Chiara Elisei LONDON (Reuters) – Junk-rated companies in Europe have raised $1.4 billion from bond sales this month as invest..

ECB can cut carbon footprint by shedding bonds of biggest polluters

ECB can cut carbon footprint by shedding bonds of biggest polluters

By Virginia Furness and Francesco Canepa LONDON (Reuters) -The European Central Bank could radically cut the carbon footprint of its c..

Explainer-Why Malaysia is considering a ban on palm oil exports to the European Union

Explainer-Why Malaysia is considering a ban on palm oil exports to the European Union

By Mei Mei Chu KUALA LUMPUR (Reuters) – Malaysia, the world’s second-largest palm oil producer, on Thursday said it might ..

EDPR brings Iberia’s first wind-solar power plant on-stream

EDPR brings Iberia’s first wind-solar power plant on-stream

By Sergio Goncalves and Miguel Pereira LISBON (Reuters) – EDP Renovaveis, the world’s fourth-largest renewable power produ..

German home solar power firm sees bright future as demand soars

German home solar power firm sees bright future as demand soars

By Vera Eckert and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) – Soaring demand for home solar power systems in Germany could..

Lighting maker Signify cuts 2022 outlook again on China, business lighting

Lighting maker Signify cuts 2022 outlook again on China, business lighting

(Reuters) -Signify NV, the world’s biggest maker of lights, on Thursday again cut its full-year 2022 profit margin and sales gui..

Centrica names O’Brien as new CFO, raises earnings forecast

Centrica names O’Brien as new CFO, raises earnings forecast

(Reuters) -British Gas owner Centrica on Thursday named Russell O’Brien as its chief financial officer, and raised its full-year..

Suedzucker quarterly profits surge 73.5% despite cost rise

Suedzucker quarterly profits surge 73.5% despite cost rise

HAMBURG (Reuters) -Europe’s largest sugar producer, Suedzucker, on Thursday posted a rise of 73.5%% in quarterly earnings as hig..

Varo Energy buys 80% of Dutch biogas firm; aims to double capacity by 2026

Varo Energy buys 80% of Dutch biogas firm; aims to double capacity by 2026

LONDON (Reuters) – Fuel trader and refiner Varo Energy, owned by Carlyle and energy trader Vitol, told Reuters on Thursday it ha..

KFC franchisees in Russia ask govt to halt sale of stores to local operator – RIA

KFC franchisees in Russia ask govt to halt sale of stores to local operator – RIA

MOSCOW (Reuters) – A number of KFC franchisees in Russia have asked the government to stop the sale of the Yum! Brands restauran..

Chinese fret over elderly as WHO warns of holiday COVID surge

Chinese fret over elderly as WHO warns of holiday COVID surge

By Bernard Orr and Liz Lee BEIJING (Reuters) -People in China worried on Thursday about spreading COVID-19 to aged relatives as they p..

Stocks becalmed before potential CPI storm

Stocks becalmed before potential CPI storm

By Tom Westbrook SINGAPORE (Reuters) – Asian stocks hovered below seven-month highs on Thursday, as investors waited to see whet..

Apple may add touch screens to Mac computers – Bloomberg News

Apple may add touch screens to Mac computers – Bloomberg News

(Reuters) -Apple Inc is actively working on adding touch screens to its Mac computers, Bloomberg News reported on Wednesday, citing pe..