IBM mulls using its own AI chip in new cloud service to lower costs
By Stephen Nellis SAN FRANCISCO (Reuters) – International Business Machines (IBM) is considering the use of artificial intellige..
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Zara owner boosts sustainability goals as fast-fashion feels the heat
By Corina Pons and Helen Reid MADRID/LONDON (Reuters) -Zara owner Inditex said on Tuesday it will look to recycling and sustainably fa..
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LG Chem raising $2 billion in exchangeable bonds
SEOUL (Reuters) – South Korea’s LG Chem Ltd is raising $2 billion in bonds that will exchange for LG Energy Solution Ltd s..
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Stocks rise, dollar retreats ahead of inflation data
LONDON (Reuters) -Global shares rose and the dollar eased on Tuesday ahead of U.S. inflation data that could support a quicker end to ..
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Heathrow passenger numbers near pre-pandemic levels in June
LONDON (Reuters) – Heathrow Airport, Britain’s busiest, said 7 million passengers traveled through it last month, putting ..
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U.S. says to move forward with transfer of F-16 jets to Turkey
VILNIUS (Reuters) – U.S. President Joe Biden will move forward with the transfer of F-16 fighter jets to Turkey in consultation ..
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Analysis-Japan’s changing views on price hikes open door for BOJ policy tweak
By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) – Japanese consumers may finally be shedding their decades-old frugal mind..
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Food prices squeeze consumers in June, hot weather boosts summer spending: BRC
By Suban Abdulla LONDON (Reuters) – Unusually hot weather boosted sales of sun screen and barbecue food in Britain last month, a..
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Oil rises on OPEC+ cuts, weaker dollar
By Arathy Somasekhar and Sudarshan Varadhan (Reuters) -Oil prices edged higher on Tuesday, recouping some of the losses from the previ..
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Apple opens store on China’s WeChat platform
BEIJING (Reuters) -Tencent’s WeChat said on Tuesday that iPhone maker Apple had opened a store on its social media platform, mar..
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Uniper chief says flexible duration LNG contracts key for Europe
By Nia Williams VANCOUVER (Reuters) – Shorter-duration contracts for LNG purchases will be important for Europe’s diversif..
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Turkey backs Sweden’s NATO entry
(Reuters) – Turkey’s President Tayyip Erdogan agreed Monday to support Sweden’s bid to join NATO, a move that will e..
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L&T, Spain’s Navantia to jointly bid for $5-billion India submarine tender
BENGALURU (Reuters) – Engineering and construction major Larsen & Toubro on Monday said it struck an agreement with Spanish ..
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Thames Water pulled back from the brink after investors pump in $960 million
LONDON (Reuters) -Thames Water said its investors had agreed to inject 750 million pounds ($960 million) into the company, helping to ..
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UK health regulator approves GSK’s vaccine for common respiratory virus RSV
(Reuters) -Britain’s health regulator approved GSK’s vaccine for the respiratory syncytial virus (RSV), which causes thous..
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Marketmind: China disinflation a mix of good and bad
(Reuters) – A look at the day ahead in European and global markets from Wayne Cole China’s inflation data for June surpris..
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Analysis-Europe faces long wait for weight-loss drugs as governments eye costs
FRANKFURT (Reuters) – Novo Nordisk will start selling its hugely popular obesity drug Wegovy in Germany this month, its third Eu..
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Gucci-owner Kering paid $3.8 billion for French fragrance label Creed – FT
(Reuters) -Gucci-owner Kering paid 3.5 billion euros ($3.83 billion) for acquiring high-end French fragrance label Creed in June, the ..
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Innovation in EVs seen denting copper demand growth potential
HANOI (Reuters) -New electric vehicles from Tesla and rivals are being engineered for efficiency in a way that cuts copper content, ch..
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Biden arrives in Britain to meet King Charles, PM Sunak
LONDON (Reuters) -U.S President Joe Biden arrived in London late on Sunday for the start of a three-nation tour that will include meet..
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Jaguar Land Rover expects Q1 free cash flow of over $500 million
(Reuters) -Jaguar Land Rover (JLR) posted a 30% rise in wholesale volumes for the first quarter on Friday, as chip and other supply co..
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Humn.ai Partners with QBE Insurance Group to Offer its Innovative Dynamic Pricing Insurance Solution to Taxi Fleets
The partnership will see QBE underwrite Humn.ai’s dynamically priced insurance solution, increasing capacity in the taxi f..
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EU and Belgium invest $1.6 billion in chip technology firm Imec
BRUSSELS (Reuters) -The European Union and Belgium’s regional Flemish government will together invest 1.5 billion euros ($1.6 bi..
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Amman Mineral makes firm debut in Indonesia’s biggest IPO this year
JAKARTA/SINGAPORE (Reuters) -Amman Mineral Internasional ended 3.5% higher in its stock market debut on Friday after the country’..
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Continental to phase out activities at Gifhorn plant by end of 2027
BERLIN (Reuters) -Continental said on Friday it plans to phase out business activities at its Gifhorn plant by the end of 2027, with 4..
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UK house prices post biggest annual drop since 2011: Halifax
LONDON (Reuters) -British house prices fell last month in annual terms at the fastest rate in 12 years and soaring interest rates are ..
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German economy faces uphill climb as industrial output falls
BERLIN (Reuters) – A swift economic recovery for Germany appeared less likely on Friday as data showed a surprise fall in indust..
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Telefonica sells controlling stake in Peruvian fibre optic network to KKR
MADRID (Reuters) – Telefonica has sold a 54% stake in its fibre optic network in Peru to U.S. private equity fund KKR and 10% to..
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Why Upskill in Cyber doesn’t go far enough in closing the cyber skills gap
Last month, we received some increasingly rare good news from the world of cybersecurity. The UK government revealed that the second r..
Technology
Accelerating change: what markets are ready to go electric and what challenges does the EV sector still face?
Gustavo Marqueta, group business development director of WN VTech, shares his insight on the state of the global EV market and explore..
Technology
The significance of upper management and key tech figures in delivering successful DX initiatives
Digital transformation (DX) has become an essential aspect for companies striving to maintain their competitiveness in today’s r..
Technology
Stocks squeal as borrowing costs return to banking crisis highs
LONDON (Reuters) – World stocks fell for a third straight day on Thursday, as strong U.S. jobs data bolstered bets on another U...
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Metaverse has set off no alarms or need for controls yet – EU’s Vestager
By Foo Yun Chee BRUSSELS (Reuters) -The metaverse, shared virtual worlds accessible through the internet, has not triggered any concer..
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Berlusconi leaves control of family business to two eldest children
MILAN (Reuters) – Silvio Berlusconi’s eldest children Marina and Pier Silvio will jointly share majority control of the bu..
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Travel agency Booking to defend ETraveli deal at July 7 EU hearing
BRUSSELS (Reuters) – Online travel agency Booking Holdings will on Friday try to convince European Union antitrust regulators to..
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Oil steadies as market digests supply and demand outlook
By Natalie Grover LONDON (Reuters) -Oil prices were little changed on Thursday as the market digested tighter crude supply alongside f..
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Meta takes aim at Twitter with Threads app, millions join
NEW YORK (Reuters) -Meta Platforms on Wednesday launched a direct challenge to Twitter with Threads, garnering millions of users in ho..
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