OPEC+ extends deep oil production cuts into 2025
By Ahmad Ghaddar, Alex Lawler and Maha El Dahan LONDON/DUBAI (Reuters) -OPEC+ agreed on Sunday to extend most of its deep oil output c..
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London stocks edge higher ahead of ECB rate decision; GSK slumps
(Reuters) -London stocks rose on Monday, mirroring counterparts in Asia, ahead of the highly anticipated rate cut by the European Cent..
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Downturn in German manufacturing may be bottoming out, PMI shows
BERLIN (Reuters) – The downturn in Germany’s manufacturing sector, which accounts for about a fifth of Europe’s bigg..
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Asian factory activity expands in May on robust global demand
TOKYO (Reuters) -Asian factory activity expanded in May as manufacturers benefited from broadening global demand, private surveys show..
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What S&P’s ratings downgrade means for France
PARIS (Reuters) -Standard & Poor’s (S&P) decision to downgrade its rating on France’s sovereign debt should in the..
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Italian banks must invest more in technology, central bank says
ROME (Reuters) – Technology investments by larger Italian banks lag behind those of their European peers, the central bank said ..
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UK supermarket sales set for Euro 2024 fillip, says NIQ
LONDON (Reuters) – The return of some warm weather in May helped drive sales growth at British supermarkets and they are set for..
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Euro zone inflation rises in fresh signal for ECB caution
By Francesco Canepa FRANKFURT (Reuters) -Euro zone inflation rose in May, data showed on Friday, in a sign the European Central Bank s..
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Pound heads for best monthly gain of 2024 ahead of US inflation
LONDON (Reuters) – The pound headed on Friday for its best monthly performance against the dollar this year, driven by expectati..
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Dell shares slump as heavy AI investments expected to dent margin
(Reuters) -Dell Technologies shares tumbled about 18% on Friday, as the PC and server maker expects sizeable AI investments to dent it..
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Dollar slides after US inflation meets expectations in April
By Hannah Lang and Joice Alves NEW YORK/LONDON (Reuters) – The dollar was lower and on track for its first monthly decline in 20..
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Oil set for weekly loss ahead of OPEC+ meeting
NEW YORK (Reuters) -Oil prices fell on Friday and were set for a weekly loss as investors awaited an OPEC+ meeting on Sunday that will..
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Stocks lose steam after U.S. data
By Sinéad Carew and Huw Jones LONDON (Reuters) -MSCI’s global equities index gave up earlier gains on Friday after data showed m..
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European shares rise after US inflation data keeps Fed rate cut hopes alive
By Shubham Batra and Shashwat Chauhan (Reuters) -European shares rose on Friday after softer U.S. inflation data spurred hopes of inte..
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London stocks end higher for third month
(Reuters) -London stocks closed higher on Friday, logging a third straight month of gains, as investors cheered an in-line inflation r..
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Nvidia set to overtake Apple as world’s second-most valuable company
By Medha Singh (Reuters) -Nvidia could soon surpass Apple to become the world’s second-most valuable company, as the biggest ben..
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EU approves Italian aid for $5.4 billion STMicro chip plant
By Toby Sterling CATANIA, Italy (Reuters) -The European Commission on Friday approved Italian state aid for STMicroelectronics to buil..
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German retail sales fall more than expected in April
(Reuters) -German retail sales fell more than expected in April, decreasing by 1.2% compared with the previous month, dimming hopes th..
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Renault, Geely create joint venture for hybrid, combustion engines
(Reuters) -French automaker Renault and Chinese partner Geely announced a highly anticipated joint venture on Friday that will develop..
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Investors hold their breath for inflation data
A look at the day ahead in European and global markets from Ankur Banerjee The time for waiting is almost over as inflation reports fr..
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Analysis-Aircraft shortages turn into cash bonanza for some airlines
CHICAGO (Reuters) – Aircraft shortages are turning into a moneymaker for some airlines as the dearth of supply allows carriers t..
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India cenbank moves 100 tons of gold from UK to domestic vaults, TOI reports
BENGALURU (Reuters) – India’s central bank has moved a little more than 100 metric tons of gold from the UK to its domesti..
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Exploring the true cost of not embedding finance
Scott Frisby, Head of Strategy at Elavon in Europe. With consumers increasingly choosing digital transactions, the embedded finance ma..
Business
The evolution of payroll: How technology is shaping the future of employee payments
In a world where technology constantly evolves, payroll systems have seen significant transformations. From manual calculations to aut..
Business
Stocks regain some ground, bonds steady after rate angst sell-off
LONDON (Reuters) -European stocks edged higher on Thursday as bonds regained some ground after a sell-off the day before on bets that ..
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Britain’s creaking power grid leaves green energy revolution adrift
PORTSMOUTH, England (Reuters) – British ferry operator Wightlink wants to order a $60 million, state-of-the-art electric ferry t..
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Battle over power pylons highlights Britain’s net zero challenge
WAVENEY VALLEY, England (Reuters) – Dot Matthie says she faces losing the use of the airstrip in her field because of a British ..
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Which payment options are best for your small business?
The days of one or two payment types are long gone. If you run a small business, you know the list of ways to take payments keeps gett..
Business
Dollar trades around two-week high as U.S. bond yields surge
By Harry Robertson and Kevin Buckland LONDON/TOKYO (Reuters) – The dollar held steady on Thursday after rising to a two-week hig..
News
Birkenstock raises annual revenue forecast on strong footwear demand
(Reuters) – Birkenstock raised its annual revenue forecast on Thursday, as the German sandal maker bets on benefits from full-pr..
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Italy April jobless rate falls to 6.9%, lowest since 2008
ROME (Reuters) – Italy’s unemployment rate declined to 6.9% in April from a downwardly revised 7.1% the month before, data..
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Brookfield enters deal to buy France’s Neoen for $6.6 billion
(Reuters) -Canada’s Brookfield said on Thursday that it, together with Brookfield Renewable Partners and Singapore’s Temas..
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Sneaker maker Golden Goose aims to list in Milan in June
MILAN (Reuters) – Italian luxury sneaker brand Golden Goose said on Thursday it aims to list on Milan’s Euronext in June. ..
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Airline SAS posts bigger Q2 loss, eyes end to restructuring
(Reuters) – Scandinavian airline SAS posted a bigger pretax loss for its fiscal second quarter compared to a year earlier and s..
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German inflation higher than expected ahead of ECB rates decision
By Rachel More BERLIN (Reuters) -German inflation rose slightly more than forecast to 2.8% in May, although economists said an increas..
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Global unemployment to slightly fall in 2024, UN labour body says
By Matteo Allievi (Reuters) -The global unemployment rate is expected to fall slightly to 4.9% this year from 5.0% in 2023, even as in..
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Aplomado Investments & Fenton Whelan Real Estate (AFW) and GSM Middle East to launch a super-premium, British international School on Qetaifan Island North, Qatar
LONDON, 28th May, 2024: Global Schools Management (GSM), which owns over 165 schools, and educates over 45,000 students in the United ..
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