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 ..
Headlines
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Small business confidence collapses – FSB calls for growth plan to power through
The Q4 2022 Small Business Index from the Federation of Small Businesses (FSB) has found that small firms’ confidence has fall..
Business
Deko appoints first dedicated Head of Consumer Product to maximise checkout acceptance for merchants
Daniel Lee joins to drive product innovation in the purchasing journey by empowering merchants with a true multi-lender, multi-..
Business
TechMarketView and Capita on the lookout for startups and scaleups transforming the public sector
Technology startups with innovative digital solutions to transform and automate the public sector are being given the chance ..
Business
Global law-matching marketplace aims to close pay gap in the legal industry
LegaMart, a global online network, has launched a mentorship program to empower women in the legal profession. With a current g..
Finance
Onto raises £100M credit facility from CDPQ and Pollen Street to accelerate the shift to electric mobility
Electric car subscription service Onto raises a new credit funding line of £100 million (approximately CAD 153 million) ..
Technology
How to effectively manage cash flow in a startup
Starting and running a business can be a challenging task, but one of the most important aspects of any business is managing its cash...
Business
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..
Headlines
EU recovers appetite for trade in green industry push
By Philip Blenkinsop BRUSSELS (Reuters) – The European Union is aiming to enact up to five trade deals in record time to ensure ..
News
Euro zone economic sentiment rises in January to seven-month high
BRUSSELS (Reuters) -Euro zone economic sentiment rose to a seven-month high in January on more optimism across all sectors except cons..
Finance
Shares and bonds nervy as rate-hike week looms
By Lawrence White LONDON (Reuters) – Stock markets worldwide halted their January rally on Monday, pausing for breath at the sta..
Headlines
Euro rises after Spanish CPI, dollar slips towards 8-mth low
By Samuel Indyk and Rae Wee LONDON (Reuters) – The euro rose on Monday after unexpectedly high Spanish inflation data raised exp..
Investment
Sterling steadies vs dollar ahead of BoE, ECB meetings
By Joice Alves LONDON (Reuters) – Sterling edged lower against the U.S. dollar on Monday ahead of a number of central bank meeti..
Investment
The mouse that roared: New Zealand and the world’s 2% inflation target
By Lucy Craymer WELLINGTON, New Zealand (Reuters) – More than 30 years ago, some relatively youthful central bank and Treasury e..
Headlines
Hong Kong home prices drop 15.6% in 2022, snap 13 years of gain
(Reuters) – Private home prices in Hong Kong, one of the most unaffordable territories in the world, fell 15.6% in 2022 in the f..
Headlines
Visa revenue growth slows more as tough economy sobers spending
By Mehnaz Yasmin (Reuters) -Visa Inc’s revenue growth continued to wind back to pre-pandemic levels in the first quarter as the ..
News
FDA advisers back the same COVID vaccine for initial shots, boosters
By Michael Erman and Leroy Leo (Reuters) -Advisers to the U.S. Food and Drug Administration on Thursday unanimously voted in favor of ..
Headlines
Stocks, dollar gain on soft landing hopes
By Herbert Lash NEW YORK (Reuters) -Global stock markets rallied and the dollar strengthened on Thursday after a slew of data showed a..
Headlines
Stocks, dollar gain on resilient U.S. economy
By Herbert Lash and Huw Jones NEW YORK/LONDON (Reuters) – A gauge of global stock performance rose and the dollar strengthened o..
Investment
Bank of England set to hike to 4% as rate peak looms
By David Milliken LONDON (Reuters) – The Bank of England looks on course to raise its main interest rate by half a percentage po..
Finance
Dollar skulks at eight-month low, central bank meetings in focus
By Rae Wee and Alun John SINGAPORE/LONDON (Reuters) – The dollar fell to an eight-month low against its peers on Thursday, as a ..
Investment
Public Power Corp, RWE to build five solar farms in Greece
(Reuters) – Greece’s biggest power utility Public Power Corp. (PPC) and Germany’s RWE have taken a final investment ..
News
German inflation rate to ease over course of 2023 – econ minister
BERLIN (Reuters) – German inflation will remain high at the beginning of 2023 before easing over the course of the year, Economy..
Finance
Spain’s unemployment rate inches up to 12.87% in Q4 2022
(Reuters) -Spain’s unemployment rate rose to 12.87% in the fourth quarter of 2022 from 12.67% three months earlier, data from th..
Headlines
SAP to cut 3,000 jobs, explore Qualtrics stake sale
By Kirsti Knolle and Supantha Mukherjee BERLIN/STOCKHOLM (Reuters) -SAP said on Thursday it planned to cut 3,000 jobs, or 2.5% of its ..
Business
Musk says Tesla price cuts triggered demand, 2023 sales could hit 2 million vehicles
By Hyunjoo Jin and Akash Sriram (Reuters) – Tesla Inc’s aggressive price cuts have ignited demand for its electric vehicle..
Investment
UK income inequality widens after pandemic dip
By David Milliken LONDON (Reuters) – British income inequality rose to a three-year high in the 2021/22 financial year after a d..
Finance
Global 2023 economic view downgraded, at odds with market optimism: Reuters poll
By Hari Kishan BENGALURU (Reuters) – Global economic growth is forecast to barely clear 2% this year, according to a Reuters pol..
Finance
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..
Headlines
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..
Headlines
Global economy seen facing a challenging year -Eurochambres
BERLIN (Reuters) – The international business community expects a challenging 2023 marked by geopolitical tensions, high inflati..
Headlines
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..
Headlines
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..
Headlines
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..
Headlines
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 ..
Headlines
Weduc makes key strategic appointments to drive growth strategy
Rob Pointen appointed as CEO and ParentMail founder, Paul Hughes, appointed as Non-Executive Chairman to grow the next-generati..
Business
The changing media landscape: 2023 predictions
By Naomi Owusu, CEO at Tickaroo 2022 has seen a major shift in how the media is consumed, and journalists have had to a..
Opinion