BMW bets on design and recycling, not mining, to lower battery costs
By Victoria Waldersee and Christina Amann BERLIN (Reuters) -BMW is betting on efficient design and recycling to bring down battery cos..
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InPost sees better margin in Poland, plans no job cuts this year
By Olivier Sorgho GDANSK (Reuters) -Parcel locker firm InPost forecast on Friday margin improvement in its key Poland market and ruled..
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ABB to launch $1 billion share buyback on April 3
ZURICH (Reuters) – ABB will launch its new $1 billion share buyback on April 3, the Swiss engineering company said on Friday, wi..
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Former Skyscanner executive recruited as Citizen Ticket Chair
UK-based event ticketing platform, Citizen Ticket, has announced the appointment of former Skyscanner executive Carolyn Jameson..
Business
UK and Albania outline £4bn ambition for closer export ties
UK Export Finance CEO will call on UK businesses to grasp opportunities to export to Albania Tim Reid, CEO of UK Export Financ..
Finance
Leadership expert Dr. Hitendra Wadhwa delivers keynote at CBRE Capital Markets Investor Symposium 2023
Mentora Institute, a New York-headquartered global leadership development and organizational transformation group, is pleased t..
Business
UK SMEs forced to borrow or raise almost £50K to survive inflationary crisis
New Nucleus Commercial Finance research highlights the scale of the challenge facing UK SMEs 65% of SMEs are finding the curre..
Finance
WithYouWithMe launches new tech that identifies employee potential for employers to build career pathways for staff
Social impact firm WithYouWithMe has taken another step towards helping businesses tackle the increasing digital skills gap, la..
Technology
Apollo assures investors deposit flight won’t spill over to Athene
By Chibuike Oguh (Reuters) – Apollo Global Management Inc has been telling investors and analysts in the last few days that its ..
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Nestle closes French Buitoni factory hit by E.coli outbreak
PARIS (Reuters) – Swiss packaged-food giant Nestle is closing a frozen-pizza factory in northern France that saw sales fall shar..
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Philips expects to reach recall settlements this year
AMSTERDAM (Reuters) – Dutch health technology company Philips expects to reach settlements this year relating to its global reca..
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Iveco to transfer Nordic retail and commercial operations to Hedin
MILAN (Reuters) – Italian truck and bus maker Iveco Group said on Thursday it had struck a preliminary deal with Sweden’s ..
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Petrofac, Hitachi Energy receive $14 billion agreement from TenneT
(Reuters) – Petrofac Ltd said on Thursday it was awarded a 13 billion euro ($14.09 billion) framework agreement with Hitachi Ene..
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Analysis-Rate rises pile pain on SME firms in U.S. and Europe
By Chiara Elisei LONDON (Reuters) – U.S. and European small and medium-sized (SME) firms may be next to feel the pain of rapid i..
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Niico appoints new Head of Solutions Architecture following rapid growth
Fast-growing intelligent automation platform, Niico, has appointed Robotic Process Automation [RPA] and AI Specialist, Michael ..
Business
Deel and RAMP Global announce major partnership to provide corporates and fast-growth businesses with access to the best global talent
Rapidly growing global HR tech company Deel and talent acquisition platform RAMP Global have partnered to help enterprise organ..
Business
The bridging market in 2023
Tanya Elmaz, Director of Intermediary Sales for Commercial Finance at Together What’s on the horizon for bridging finance this ..
Finance
UKEF strengthens South Korean trade opportunities with boost to regional expertise
UKEF appoints its first International Export Finance Executive (IEFE) for South Korea The IEFE will help to facilitate trade l..
Finance
Polish e-commerce firm Allegro eyes higher Q1 profit
By Anna Pruchnicka (Reuters) -Poland’s biggest e-commerce platform Allegro said on Thursday it expects core earnings to rise in ..
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New York catches up with London to head City’s global centres survey
By Huw Jones LONDON (Reuters) – London is no longer the clear leader among global financial centres after New York rose from sec..
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Soccer-Arsenal reach Women’s Champions League semis for first time since 2013
(Reuters) – Arsenal reached the Women’s Champions League semi-finals for the first time in 10 years after beating Bayern M..
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Ericsson’s board rebuked by shareholders at AGM for second year in a row
STOCKHOLM (Reuters) – Ericsson shareholders voted against discharging the CEO and most of the board members of liability for the..
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BoE’s Mann: Falling headline inflation, high core, make policy difficult
WASHINGTON (Reuters) – Falling energy prices will lower headline inflation towards the Bank of England’s 2% target, but pe..
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Elon Musk and others urge AI pause, citing ‘risks to society’
By Jyoti Narayan, Krystal Hu, Martin Coulter and Supantha Mukherjee (Reuters) -Elon Musk and a group of artificial intelligence expert..
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What’s better than OpenAI? Developers shop for alternatives
By Krystal Hu NEW YORK (Reuters) – Microsoft-backed OpenAI is no longer the only game in town for software developers loo..
Technology
Intercos fund shareholders L Catterton, OTPP sell 6% stake at 7% discount
MILAN (Reuters) – Private equity fund L Catterton and the Ontario Teachers’ Pension Plan (OTPP) said they had completed th..
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Factbox-Five facts about returning UBS CEO Sergio Ermotti
LONDON (Reuters) – Sergio Ermotti has been rehired as the CEO of Swiss banking giant UBS to steer its massive takeover of rival ..
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Wizz Air loses fight against $67 million in state aid for Romanian rival
By Foo Yun Chee BRUSSELS (Reuters) – European budget carrier Wizz Air on Wednesday lost its fight against 62 million euros ($67...
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Britain’s Next sees lower clothing inflation, shares dip on cautious outlook
By James Davey LONDON (Reuters) -British fashion retailer Next reported a better-than-expected 5.7% rise in annual profit on Wednesday..
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Banking turmoil means recession fears are creeping back
(Reuters) – The failures of U.S. lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse’s rescue,..
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Asian stocks rally as bank jitters calm, Alibaba lifts mood
By Ankur Banerjee SINGAPORE (Reuters) – Asian shares surged on Wednesday as easing concerns over the banking sector revived risk..
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Ride-hailing app Cabify raises $110 million for expansion in LatAm, Spain
BOGOTA (Reuters) – Spanish ride-hailing app Cabify has raised $110 million in financing aimed at accelerating its growth in Lati..
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UK broadcasters to stay prominent on smart TVs and speakers
LONDON (Reuters) – On-demand services from Britain’s BBC, ITV and other public service broadcasters must remain easy to fi..
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Explainer-What are credit default swaps and why are they causing trouble for Europe’s banks?
By Amanda Cooper LONDON (Reuters) – Turbulence in Europe’s banks following the implosion of 167-year-old Credit Suisse and..
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EU approves law to end sales of new CO2-emitting cars by 2035
BRUSSELS (Reuters) – European Union countries’ energy ministers gave final approval on Tuesday to a law ending sales of ne..
News
Home battery sales in Germany may surge 59% this year -study
FRANKFURT (Reuters) – German sales of batteries to store solar energy at home may jump 59% this year as more residents seek a ch..
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UK’s Bellway to buy back shares, hike social housing output
By Aby Jose Koilparambil (Reuters) -UK’s Bellway will build a bigger share of homes in its social housing programme this fiscal ..
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