Ericsson to cut 1,400 jobs in Sweden
STOCKHOLM (Reuters) -Telecoms gear maker Ericsson plans to cut about 1,400 jobs in Sweden as part of a broader plan to reduce costs gl..
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Turkey clears away rubble from earthquake, rescue efforts wind down
By Henriette Chacar and Ali Kucukgocmen ANTAKYA, Turkey (Reuters) – Turkey stepped up work to clear away rubble from collapsed b..
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Novartis names Firmenich CEO as chairman designate of Sandoz
ZURICH (Reuters) – Novartis on Monday announced the appointment of Gilbert Ghostine as chairman-designate of Sandoz, the generic..
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Asia shares creep higher, wary on Fed and BOJ outlooks
By Wayne Cole SYDNEY (Reuters) – Asian shares edged up on Monday as a U.S. holiday made for slow trading ahead of minutes of the..
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Aussie supermarkets set to capitalise on high inflation, but softer demand ahead
By Harshita Swaminathan (Reuters) – Australian supermarkets will reap bigger profits in fiscal 2023 half-year due to decades-hig..
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Dollar buoyant as robust U.S. data keep Fed hawks in control
By Rae Wee SINGAPORE (Reuters) – The dollar was on the front foot on Monday, supported by a strong run of economic data out of t..
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Shares fall with oil prices amid concerns about U.S. Fed rate hikes
By Sinéad Carew NEW YORK (Reuters) – Stock markets around the globe fell on Friday and oil prices settled lower after U.S. econo..
Finance
Hawkish ECB comments push up rate-hike expectations
By Leigh Thomas and Francesco Canepa PARIS/FRANKFURT (Reuters) – European Central Bank interest rates still have some way to ris..
Finance
Exclusive-Microsoft’s Bing plans AI ads in early pitch to advertisers
By Sheila Dang (Reuters) – Microsoft has started discussing with ad agencies how it plans to make money from its revamped Bing s..
Business
Why your business needs CRM software
It’s no secret that the last couple of years have been tough for businesses, with the aftermath of the pandemic and inflation affectin..
Business
G20 watchdog homes in on decentralised finance after FTX crash
By Huw Jones LONDON (Reuters) – The G20’s Financial Stability Board (FSB) said on Thursday it would take steps to tackle &..
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Mercedes-Benz to buy back up to 4 billion euros in shares by 2025
BERLIN (Reuters) -Mercedes Benz said on Thursday it plans to buy back up to 4 billion euros ($4.28 billion) of its shares over two yea..
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Gucci banks on private ‘salons’ for the ultra-rich to revive sales
By Mimosa Spencer PARIS (Reuters) – Gucci is banking on new ultra-high-end “salons” offering merchandise priced at u..
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Ubisoft vows to get back to operating margin above 20% in medium term
By Enrico Sciacovelli (Reuters) -French video game producer Ubisoft said it would reach operating margin above 20% in the medium term,..
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Dollar advances as strong U.S. data backs higher rates backdrop
By Gertrude Chavez-Dreyfuss and Laura Matthews NEW YORK (Reuters) – The U.S. dollar held gains against a basket of currencies on..
Finance
Uniper sells UAE marine fuels refinery to consortium including Montfort
FRANKFURT/SINGAPORE (Reuters) -German utility Uniper has agreed to sell its oil refinery in the United Arab Emirates to a consortium o..
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Amazon grants 1.5 million euros to Dutch seaweed farm project
AMSTERDAM (Reuters) – Amazon.com has granted 1.5 million euros ($1.6 million) to a Dutch project testing the viability of commer..
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Aldi UK to recruit 6,000 after strong Christmas trading
LONDON (Reuters) – The British arm of German discounter Aldi said on Thursday it was looking to hire more than 6,000 workers, co..
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Holcim to acquire European roofs manufacturer FDT Flachdach Technologie
ZURICH (Reuters) – Switzerland’s Holcim is to acquire thermoplastic roofs manufacturer FDT Flachdach Technologie GmbH, the..
News
Cisco forecast raise allays tech spending fears, lifts shares
By Yuvraj Malik (Reuters) -Cisco Systems Inc on Wednesday raised its full-year earnings forecast and delivered strong second-quarter r..
News
Shopify’s revenue forecast fails to impress, shares fall
By Nivedita Balu (Reuters) -Shopify Inc on Wednesday forecast slowing revenue growth for the current quarter despite price hikes and n..
News
Retail insolvencies tipped to increase by up to 71% in 2023
Retail experts at business advisory firm Quantuma estimate that corporate failures in the UK retail sector could spike b..
Business
Flat GDP in Q4 is cold comfort for small businesses amid energy fears
Responding to new Office for National Statistics (ONS) figures showing that GDP was flat in Q4 2022, Federation of Small Busine..
Finance
Enjoy Digital appoints new Head of Delivery and a Project Lead following successful year
Digital experience and performance agency, Enjoy Digital, has officially appointed Tosh Balding as Head of Delivery and Jess Ni..
Technology
EatFirst acquires technology food business Feedr from Compass Group
Compass Group UK & Ireland strengthens relationship with EatFirst as part of deal EatFirst (Berlin), the corporate food or..
Business
2023: The year of UK 5G?
~ The rollout continues to expand its reach ~ As the new year gets into full swing, we can look back at the progress made to ro..
Technology
Slowdown in UK inflation eases pressure on Bank of England
By Andy Bruce and William Schomberg LONDON (Reuters) – British inflation fell by more than expected in January and there were si..
Finance
Rev-Trac and Turnkey Consulting join forces to combat SAP cyber-attacks
Secure business critical SAP systems and maintain production stability Rev-Trac, a leader in SAP change management and DevOps o..
Technology
Financial services industry set for AI overhaul
AI will be crucial for better understanding user intent, providing tailored content recommendations, and streamlining how firms..
Finance
Dollar hits six-week high vs yen, rallies from two-week low after U.S. inflation data
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rose to a six-week high against the yen and climbed from a roughly t..
Finance
Sterling gains after strong jobs data add to pressure on BOE
LONDON (Reuters) – The pound rose against the dollar and euro on Tuesday after data showed British wages rose quicker than expec..
Finance
TUI sees strong summer bookings as travel recovery gains momentum
By Joanna Plucinska LONDON (Reuters) -Holiday group TUI said on Tuesday it was seeing encouraging booking trends for summer and next w..
Headlines
London’s FTSE 100 hits fresh record high as telecoms surge
By Shashwat Chauhan (Reuters) – UK’s FTSE 100 rose to a record high on Tuesday as telecom stocks gained after Liberty Glob..
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Citi halted financing for Trafigura’s nickel deals in October – Bloomberg
(Reuters) -Citigroup Inc stopped financing nickel deals for commodity trader Trafigura with companies linked to Indian businessman Pra..
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Coca-Cola HBC’s annual profit beats, warns of price increases
By Radhika Anilkumar (Reuters) -Coca-Cola HBC AG on Tuesday reported better-than-expected full-year operating profit and said it will ..
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Nano One Awarded $10 million from Sustainable Development Technology Canada
Vancouver, Canada (TSX: NANO) (OTC: NNOMF) (Frankfurt: LBMB) $10 million in non-dilutive support from SDTC helps: Fast track and ..
Technology
Oil prices dip on U.S. crude reserve release, inflation pressure
By Shadia Nasralla LONDON (Reuters) -Oil prices dipped on Tuesday after the U.S. government said it would release more crude from its ..
Business