How the 2023 banking crisis unfolded
(Reuters) – Global banks are staring at the biggest crisis since 2008 after two U.S. lenders collapsed, Switzerland’s Cred..
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Dollar outshines euro, sterling amid European bank jitters
By Hannah Lang WASHINGTON (Reuters) – The euro and sterling fell sharply against a strengthening dollar on Friday amid lingering..
Finance
Amazon, other retailers revamp ‘free’ shipping as costs soar
By Lisa Baertlein LOS ANGELES (Reuters) – There is no such thing as free shipping. Even so, Amazon.com Inc and other online reta..
Headlines
S&P Global fined 1.1 million euros for premature credit rating publications
By Marc Jones LONDON (Reuters) -The European Union’s securities watchdog has fined S&P Global Ratings 1.1 million euros ($1...
Headlines
UK’s J D Wetherspoon returns to profit as supply issues ease
(Reuters) -British pub group J D Wetherspoon Plc on Friday posted a return to half-year profit and said sales in recent weeks have top..
Headlines
Swiss franc grapples with safe-haven identity crisis after Credit Suisse
By Samuel Indyk LONDON (Reuters) – The Swiss franc hasn’t lived up to its safe-haven reputation during the Credit Suisse c..
Headlines
StanChart CEO says AT1 bond wipeout has profound impact
By Selena Li HONG KONG (Reuters) -Standard Chartered Chief Executive Bill Winters said on Friday Credit Suisse AG’s $17 billion ..
Headlines
UK consumer mood hits one-year high, but financial gloom persists
(Reuters) – British consumer confidence rose this month to its highest level in a year, helped by improving sentiment around the..
Headlines
Tourists to get chance to walk in King Charles’ coronation footsteps
LONDON (Reuters) – London’s Westminster Abbey said visitors will get the chance this summer to follow King Charles’ ..
Headlines
Denmark invites Nord Stream operator to help salvage unidentified object
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Denmark on Thursday invited the Russian-controlled operator of the Nord Stream..
Headlines
Finnish businessman Zilliacus ready to pay premium for Manchester United
By Akash Sriram (Reuters) – Finnish entrepreneur Thomas Zilliacus has placed a bid for Manchester United and is willing to pay a..
Headlines
Virgin Orbit says space startup in talks with potential investors
(Reuters) – Billionaire Richard Branson’s cash-strapped satellite launch company Virgin Orbit Holdings said on Thursday it..
Investment
Are Noisy offices preventing people from returning to the office?
Adrian Lewis, Director of Activ People HR Before the pandemic ‘working from home’ was often frowned upon and likely discou..
Business
Cutting through the digital ID noise
By Nick Mothershaw, Chief Identity Strategist at the Open Identity Exchange There is a lot of noise around digital ID. It’s a major fo..
Technology
Utilising Training and Development Opportunities to Attract Gen Z Talent
With Gen Z employees set to make up around 27% of the total global workforce by 2025, employers are under increasing pressure to meet ..
Business
Stocks up, bond yields fall as markets mull a Fed policy pause
By Koh Gui Qing NEW YORK (Reuters) – Wall Street stocks jumped on Thursday, pushing up global stock indexes, and Treasury yields..
Finance
Central banks keep hiking rates amid banking turmoil
By David Milliken, John Revill and Aniruddha Ghosh (Reuters) – The Bank of England on Thursday followed the Federal Reserve and ..
Finance
New York holds top spot, London second in Z/Yen financial centre survey
LONDON (Reuters) – New York kept the top spot in the latest rankings of global financial centres from Z/Yen Group on Thursday, w..
Headlines
Norway wealth fund to vote for labour rights motion at Starbucks AGM
OSLO (Reuters) – Norway’s $1.3 trillion wealth fund, one of the world’s largest investors, will vote in favour of a ..
Headlines
Swiss National Bank raises rates, says bank crisis stopped
By John Revill ZURICH (Reuters) -The Swiss National Bank raised its benchmark interest rate by 50 basis points on Thursday and declare..
Headlines
HSBC appoints new markets head amid wider investment bank reshuffle
By Lawrence White LONDON (Reuters) – HSBC has appointed Patrick George as head of markets and securities services, according to ..
Headlines
Zur Rose delays profitability break-even to 2024
By Anastasiia Kozlova and Tristan Chabba (Reuters) – Swiss online drug retailer Zur Rose on Thursday said it will not reach brea..
Headlines
Lloyd’s of London swings to 2022 pre-tax loss
FRANKFURT (Reuters) – Lloyd’s of London swung to a pre-tax loss in 2022 and took writedowns on its fixed-income investment..
Headlines
Oil spills and near misses: more ghost tankers ship sanctioned fuel
By Jonathan Saul LONDON (Reuters) – An oil tanker runs aground off eastern China, leaking fuel into the water. Another is caught..
Headlines
Shawbrook enhances Asset Based Lending facilities to support the needs of modern businesses
ABL product unlocks liquidity tied-up in multiple business assets, in a single facility document. Enhanced solution streamline..
Business
F1 star Sebastian Vettel becomes the lead investor in BACX, plant-based performance energy drink
Former racing champion has led a £1.2m seed funding round following exclusive use throughout the F1 2022 season BACX, the performan..
Finance
A quarter of a million UK SMEs are teetering on the edge
5% of UK SMEs – 275k businesses – risk winding up due to economic volatility UK SMEs have seen their business costs rise..
Business
NatWest signs deal with OneID to make new digital ID service available to businesses
NatWest has launched Customer Attribute Sharing – a new digital ID service that creates smoother online experiences for busine..
Business
Oil dips after Fed comments, US crude stock build
By Stephanie Kelly and Jeslyn Lerh SINGAPORE (Reuters) -Oil prices fell on Thursday following three sessions of gains, after Federal R..
News
Bitcoin falls 4.5% to $26,916
(Reuters) – Bitcoin dropped 4.5% to $26,916 at 20:07 GMT on Wednesday, losing $1,276 from its previous close. Bitcoin, the world..
Headlines
Inflation boosts Jeronimo Martins’ Q4 profit but dents margins
LISBON (Reuters) – Portugal’s second-largest retailer Jeronimo Martins on Wednesday posted a 23% jump in fourth-quarter ne..
Headlines
Exclusive-Ardian explores taking Italian tower operator INWIT private-sources
By Milana Vinn and Amy-Jo Crowley (Reuters) – French investment firm Ardian is in the early stages of exploring a bid for Italy&..
Headlines
Dollar falls after Fed raises rates, forecasts future hike
By Hannah Lang WASHINGTON (Reuters) – The dollar was lower on Wednesday following the U.S. Federal Reserve’s decision to r..
Finance
Oil up 2% as dollar weakens on small US Fed rate hike
By Scott DiSavino NEW YORK (Reuters) -Oil prices rose about 2% to a one-week high on Wednesday as the dollar slid to a six-week low af..
Headlines
Analysis-Credit Suisse collapse threatens Switzerland’s wealth management crown
By John Revill ZURICH (Reuters) – The fall of Credit Suisse has dealt a serious blow to Switzerland’s credentials as the w..
Finance
Fed in spotlight with US focus on stability, First Republic
By Nupur Anand, Andrea Shalal and Balazs Koranyi (Reuters) – U.S. authorities are set to explore ways to bolster financial stabi..
Headlines
Stellantis to invest 130 million euros in German plant for new Opel electric car
MILAN (Reuters) – Carmaker Stellantis said on Wednesday it would invest 130 million euros ($140 million) in its Eisenach assembl..
Headlines