Technology is a powerful tool for mitigating increasing business costs
By Dave Adamson, CTO at Espria Given rising inflation and a gloomy economic outlook for many companies in the UK, optimising expenditu..
Technology
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Reactions as India’s Chandrayaan-3 makes historic moon landing
NEW DELHI (Reuters) -India on Wednesday became the fourth country to land on the moon after the Indian Space Research OrganisationR..
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Germany plans to double AI funding in race with China, U.S
BERLIN (Reuters) – Germany plans to almost double its public funding for artificial intelligence research to nearly a billion eu..
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Factory slump and cost-of-living squeeze puts UK economy on course to shrink
By David Milliken LONDON (Reuters) -Britain’s economy looks on course to shrink during the current quarter and risks falling int..
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Britain’s Ocado Retail and Sainsbury’s cut prices again
By James Davey LONDON (Reuters) -British food retailers Ocado Retail and Sainsbury’s cut more prices on Wednesday, in a further ..
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Euro falls on gloomy PMI data, dollar hits 2-month high
By Samuel Indyk and Ankur Banerjee LONDON (Reuters) – The euro fell to a more than two-month low against the dollar and a 12-mon..
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UK pay deals cool for first time in 2023, easing pressure on BoE: XpertHR
LONDON (Reuters) – Pay deals awarded by British employers cooled for the first time this year in the quarter to July, which may ..
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Analysis-Arm’s clients turn IPO into tug of war for chip influence
By Milana Vinn, Anirban Sen and Stephen Nellis NEW YORK/SAN FRANCISCO (Reuters) – A scramble among Arm Holdings Ltd’s clie..
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Oil prices settle lower on nagging worries about Chinese demand
By Laura Sanicola (Reuters) -Oil prices settled lower on Tuesday as investors remained focused on the likelihood that China’s ec..
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Paris bans pony rides for children following animal rights campaign
By Antonia Cimini and Antony Paone PARIS (Reuters) – Paris will ban pony rides for children in its public parks from 2025 follow..
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UBS upgrades global equities’ rating to ‘neutral’
(Reuters) – Economists at UBS have upgraded their rating for global equities, citing recent economic and inflation data coming i..
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Euro zone inflation fall confirmed, easing pressure on ECB to hike
FRANKFURT (Reuters) – Euro zone inflation slower further and even underlying price pressures appear to have peaked, Eurostat dat..
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British consumers curb their shopping in rainy July
By William Schomberg and William James LONDON (Reuters) -British retailers reported a bigger-than-expected drop in sales in July as he..
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Nike v. Adidas: Soccer World Cup sponsors gear up for England, Spain finale
By Katherine Masters, Amy Tennery and Helen Reid NEW YORK/LONDON (Reuters) -When England and Spain face off in Sunday’s Women..
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Dollar set for fifth winning week on Fed bets, China worries
By Kevin Buckland TOKYO (Reuters) – The dollar was set for a fifth winning week versus major peers, making it longest winning st..
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US CDC tracks new lineage of virus that causes COVID
By Deena Beasley (Reuters) – U.S. Centers for Disease Control and Prevention said on Thursday that it was tracking a new, highly..
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McLaren Applied’s Lavoie in talks to buy Dutch e-bike maker VanMoof – source
LONDON (Reuters) – Lavoie, the electric scooter unit of Formula One engineering and technology firm McLaren Applied, is in advan..
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Analysis-A year on, Europe less fearful of U.S. green subsidies push
By Jan Strupczewski BRUSSELS (Reuters) – When the United States launched its massive green subsidies push a year ago, many in E..
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Britain makes access to fee-free cash machine a legal right
By Huw Jones LONDON (Reuters) – Nearly everyone in Britain will remain within three miles (4.8 km) of a cash machine that does n..
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US Senators say Credit Suisse did not review all records when probing Nazi-linked accounts
By Chris Prentice and Brenna Hughes Neghaiwi NEW YORK/ZURICH (Reuters) – Swiss lender Credit Suisse did not review all available..
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Rouble strengthens as market anticipates possible capital controls
By Alexander Marrow and Elena Fabrichnaya (Reuters) – The Russian rouble strengthened to 93 against the dollar on Thursday, in a..
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Norway central bank raises rate to 4.0%, eyes September hike
By Gwladys Fouche and Terje Solsvik ARENDAL, Norway (Reuters) -Norway’s central bank raised its benchmark interest rate by 25 ba..
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China’s low copper inventory data belie sufficient supply
By Mai Nguyen and Siyi Liu HANOI/BEIJING (Reuters) – Net long positions of copper on the London Metals Exchange (LME) are at a s..
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Tomb Raider games group Embracer lags forecast, maintains outlook
By Jesus Calero and Marie Mannes STOCKHOLM (Reuters) -Swedish games developer Embracer on Thursday reported slightly weaker than expec..
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Payments company Adyen’s shares drop more than 20% after earnings miss
AMSTERDAM (Reuters) – Shares in Dutch payments processor Adyen NV fell by more than 20% on Thursday after first-half earnings mi..
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Oil prices wobble on worries over China economy, US rate path
SINGAPORE (Reuters) – Oil prices were choppy on Thursday after falling over the past three sessions, with the undertone grim on ..
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Mild recession ends Dutch economy’s strong post-COVID boom
AMSTERDAM (Reuters) -Economic growth in the Netherlands will be much slower than earlier expected this year, as a recession in the fir..
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UK’s BAE Systems to buy Ball Aerospace for about $5.55 billion
(Reuters) -British defence group BAE Systems said on Thursday it agreed to buy Ball Aerospace business from Ball Corp for about $5.55 ..
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Asian stocks hit 9-month lows on worries over China, US rates
By Ankur Banerjee SINGAPORE (Reuters) – Asian shares sank to nine-month lows on Thursday, while the dollar was at a two-month pe..
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Dollar shines against battered yen; Aussie dragged by jobs data, China woes
By Rae Wee SINGAPORE (Reuters) – The dollar pushed the yen deeper into intervention territory on Thursday as a resilient U.S. ec..
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PayPal to halt UK crypto sales until 2024
LONDON (Reuters) – Payments giant PayPal will stop allowing UK customers to buy cryptocurrencies through its platform from Octob..
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Boosting motivation – how to support your employees through economic uncertainty
By Gautam Sahgal – CEO, Perkbox As the cost-of-living crisis continues to feature in headline news, an end to the p..
Business
Rouble strengthens towards 96 vs dollar after emergency rate hike
(Reuters) -The Russian rouble strengthened towards 96 to the dollar on Wednesday, one day after the central bank hiked interest rates ..
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HKEX remains committed to LME – CEO
By Pratima Desai and Polina Devitt LONDON (Reuters) -Hong Kong Exchanges and Clearing (HKEX) remains committed to the London Metal Exc..
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German solar battery firm sonnen sees bigger role backing up grid
FRANKFURT (Reuters) – Germany’s sonnen, which provides storage batteries for rooftop solar systems, has connected 25,000 h..
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Industrial output jump gives euro zone growth small boost
FRANKFURT (Reuters) – The euro zone’s vast industrial sector rebounded in June, giving overall growth a small boost to end..
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UK house prices rise by least since 2020 and fall in London – ONS
LONDON (Reuters) – British house prices increased by 1.7% in the 12 months to June, the Office for National Statistics (ONS) sai..
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