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CFE Finance Group acquires 100% of TechStar, a leader in the Metaverse A €6 million investment in the Meta Presence® platform

CFE Finance Group acquires 100% of TechStar, a leader in the Metaverse A €6 million investment in the Meta Presence® platform

CFE Finance Group, an investment banking boutique, has acquired 100% of TechStar, a pioneering company in industrial metaverse technol..

DHL reports Q3 net income below expectations

DHL reports Q3 net income below expectations

(Reuters) -German logistics giant DHL reported a third quarter net income of 751 million euros ($817 million) on Tuesday, missing anal..

Shein’s European entity reports 68% sales growth in 2023

Shein’s European entity reports 68% sales growth in 2023

By Helen Reid LONDON (Reuters) -Sales by Shein’s Ireland-registered entity Infinite Styles Ecommerce Co grew 68% in 2023, hittin..

KPMG to lay off less than 4% of US audit workforce, source says

KPMG to lay off less than 4% of US audit workforce, source says

(Reuters) -KPMG will lay off less than 4%, or about 330 people, of its audit workforce in the United States, a source familiar with th..

Sterling extends bounce off recent lows as U.S. election in focus

Sterling extends bounce off recent lows as U.S. election in focus

By Medha Singh (Reuters) – The British pound bounced against a tepid dollar on Monday ahead of high-stakes events this week that..

China EV price deal needs be as effective as tariffs, says EU official

China EV price deal needs be as effective as tariffs, says EU official

BRUSSELS (Reuters) – Any agreement reached with Chinese producers on minimum prices for electric vehicles would need to be as ef..

Ryanair H1 profit falls 18% on lower fares, but price weakness moderating

Ryanair H1 profit falls 18% on lower fares, but price weakness moderating

By Conor Humphries DUBLIN (Reuters) -Budget airline Ryanair said on Monday that average fares fell 10% in the six months ended Septemb..

Swedish government commission recommends easing mortgage repayment rules

Swedish government commission recommends easing mortgage repayment rules

STOCKHOLM (Reuters) – Sweden should ease rules on mortgage borrowing and repayment which have made it harder for new buyers to g..

German companies’ hiring plans drop to four-year low, Ifo finds

German companies’ hiring plans drop to four-year low, Ifo finds

BERLIN (Reuters) – German companies are less willing to hire new staff than at any point in more than four years, data from the ..

Burberry shares jump on Moncler bid report

Burberry shares jump on Moncler bid report

(Reuters) -Burberry shares rose as much as 8% on Monday after a media report said Italian luxury outerwear maker Moncler was consideri..

UK house prices edge up in October, Nationwide says

UK house prices edge up in October, Nationwide says

LONDON (Reuters) – British house prices rose by a marginal 0.1% in October, slowing sharply from a 0.6% monthly increase in Sept..

Oil climbs more than $1 on reports of Iran preparing strike on Israel

Oil climbs more than $1 on reports of Iran preparing strike on Israel

By Florence Tan SINGAPORE (Reuters) – Oil prices extended gains on Friday, climbing more than $1 a barrel to pare weekly losses,..

Asia markets start big month on cautious footing as US jobs data looms

Asia markets start big month on cautious footing as US jobs data looms

By Stella Qiu SYDNEY (Reuters) -Asian markets started what could be a momentous month warily, with shares mostly lower and Treasury yi..

Morning Bid: A November to remember..

Morning Bid: A November to remember..

A look at the day ahead in European and global markets from Stella Qiu Asian markets started what promises to be a momentous month on ..

Exclusive-Chinese researchers develop AI model for military use on back of Meta’s Llama

Exclusive-Chinese researchers develop AI model for military use on back of Meta’s Llama

By James Pomfret and Jessie Pang (Reuters) -Top Chinese research institutions linked to the People’s Liberation Army have used M..

Asia’s factory activity stagnates, taking shine off rebound in China

Asia’s factory activity stagnates, taking shine off rebound in China

By Leika Kihara TOKYO (Reuters) – Asia’s manufacturing activity stagnated in October as a rebound in China failed to give ..

Transforming Retail With AI: Tobias Waldhecker on the Future of E-Commerce and Supply Chain Innovation

Transforming Retail With AI: Tobias Waldhecker on the Future of E-Commerce and Supply Chain Innovation

Tobias Waldhecker is an industrial engineer and expert in commercialization strategy contributing to transforming retail ..

London stocks climb, energy shares keep gains in check

London stocks climb, energy shares keep gains in check

By Shubham Batra (Reuters) – The UK’s benchmark FTSE 100 index rose on Monday, led by travel and leisure shares as Trainli..

Analysis-Bricks over clicks as shops come back into fashion in Europe

Analysis-Bricks over clicks as shops come back into fashion in Europe

By Alberto Chiumento and Paolo Laudani (Reuters) – The rise of online shopping has led to swathes of store closures, casting dou..

Norway’s wealth fund falls short on climate ambitions, NGO says

Norway’s wealth fund falls short on climate ambitions, NGO says

By Gwladys Fouche OSLO (Reuters) – The world’s largest sovereign wealth fund is falling short on its own climate expectati..

G20 welcomes recommendations to unlock funding for climate transition projects

G20 welcomes recommendations to unlock funding for climate transition projects

  By Marcela Ayres WASHINGTON (Reuters) -A group of funds backed by the world’s 20 largest economies aimed at financing cli..

Accor adjusts guidance as it sees strong demand at luxury hotels

Accor adjusts guidance as it sees strong demand at luxury hotels

  By Marta Maciag and Nathan Vifflin (Reuters) -Accor, Europe’s largest hotel group by portfolio, on Thursday raised the bo..

Exclusive-JBS, Sigma vie for Kraft Heinz’s $3 billion hot-dog business, sources say

Exclusive-JBS, Sigma vie for Kraft Heinz’s $3 billion hot-dog business, sources say

  By Abigail Summerville NEW YORK (Reuters) – Brazilian meatpacker JBS and Mexico’s Sigma Alimentos are among those c..

European shares end flat as economic woes overshadow upbeat earnings

European shares end flat as economic woes overshadow upbeat earnings

  By Paolo Laudani, Ankika Biswas and Johann M Cherian (Reuters) -European shares gave up early gains to close little changed on ..

Harley-Davidson lowers full-year revenue forecast on weak demand

Harley-Davidson lowers full-year revenue forecast on weak demand

  By Kannaki Deka and Nathan Gomes (Reuters) -Harley-Davidson cut its annual revenue forecast as sticky inflation and high borrow..

Tesla promises paid robotaxis next year, but significant hurdles remain

Tesla promises paid robotaxis next year, but significant hurdles remain

  By Chris Kirkham (Reuters) -Tesla CEO Elon Musk on Wednesday said the electric vehicle maker will roll out driverless ride-hail..

FTSE 100 closes higher on earnings boost

FTSE 100 closes higher on earnings boost

  By Pranav Kashyap (Reuters) -London’s blue-chip stock index edged higher on Thursday, buoyed by upbeat corporate earnings..

Allianz weighs options for AllianzGI unit, sources say

Allianz weighs options for AllianzGI unit, sources say

  By Amy-Jo Crowley, Alexander Hübner, Andres Gonzalez and Anousha Sakoui LONDON (Reuters) – Allianz is weighing options fo..

ECB hawks push back against bets on more and bigger cuts

ECB hawks push back against bets on more and bigger cuts

  By Balazs Koranyi WASHINGTON (Reuters) -Three European Central Bank officials tried to cool market speculation on bigger intere..

Europe struggling to meet offshore wind targets, industry heads and lawmakers say

Europe struggling to meet offshore wind targets, industry heads and lawmakers say

  By Jacob Gronholt-Pedersen and Stine Jacobsen ODENSE, Denmark (Reuters) – Europe is falling behind its own ambitious targ..

Global commercial insurance rates show first quarterly fall in seven years, Marsh says

Global commercial insurance rates show first quarterly fall in seven years, Marsh says

  LONDON (Reuters) – Global commercial insurance rates fell 1% in the third quarter of 2024, the first quarterly decline re..

Italgas posts third-quarter core profit up 10.9% ahead of 2i Rete Gas acquisition

Italgas posts third-quarter core profit up 10.9% ahead of 2i Rete Gas acquisition

  (Reuters) -Europe’s biggest gas distributor Italgas on Thursday reported 10.9% growth in third-quarter adjusted core earn..

Harry Potter publisher Bloomsbury tracks ahead of FY24-25 expectations on fantasy-fiction demand

Harry Potter publisher Bloomsbury tracks ahead of FY24-25 expectations on fantasy-fiction demand

  (Reuters) -UK’s Bloomsbury Publishing on Thursday said trading in fiscal year 2024-2025 will be ahead of current expectat..

IBM misses third-quarter revenue estimates as consulting drags; shares fall

IBM misses third-quarter revenue estimates as consulting drags; shares fall

  By Arsheeya Bajwa (Reuters) -International Business Machines missed analysts’ estimates for third-quarter revenue on Wedn..

Wolfspeed shelves plans to build chip factory in Germany

Wolfspeed shelves plans to build chip factory in Germany

  (Reuters) -Wolfspeed has shelved plans to build a semiconductor factory in Ensdorf, Germany, due to slower electric vehicle ado..

IMF says UK should shield investment while curbing debt

IMF says UK should shield investment while curbing debt

  By David Lawder and David Milliken WASHINGTON (Reuters) -Britain should bring public debt under control in a way that preserves..

Mike Ashley’s Frasers drops plan to buy luxury brand Mulberry

Mike Ashley’s Frasers drops plan to buy luxury brand Mulberry

  (Reuters) -British sportswear and apparel retailer Frasers Group walked away from its attempts to buy Mulberry on Wednesday, ci..