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..
Headlines
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...
News
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..
Headlines
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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Volkswagen ready to act amid China metal export curbs
(Reuters) – Volkswagen on Thursday said it was monitoring the situation on the raw materials markets after China announced it wo..
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World Cup fever lifts Qatar Airways revenue to record high
DUBAI (Reuters) -Qatar Airways late on Wednesday reported a record annual revenue of 76.3 billion riyals ($21 billion), underpinned by..
News
Foxconn chairman holds talks with Sharp employees in Japan after profit slump
TAIPEI (Reuters) -Foxconn Chairman Liu Young-way held talks with senior and mid-level employees at Japan’s Sharp this week and d..
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Samsung profit likely lowest in more than 14 years as chip glut persists
SEOUL (Reuters) -Samsung Electronics’ June-quarter profit is expected to plunge 96% on-year to the lowest for any quarter in mor..
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UK regulator orders investment funds to manage liquidity better
LONDON (Reuters) – Some asset managers face sanctions for failing to manage liquidity properly, posing risks to market stability..
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US crude oil gains on supply cuts, focus shifts to holiday demand
BENGALURU (Reuters) – U.S. crude oil gained about 3% on Wednesday, narrowing the price gap with global benchmark Brent in a post..
News
SMEs must get ready to accept digital ID or get left behind
By Nick Mothershaw, Chief Identity Strategist at the Open Identity Exchange (OIX) Digital ID will be a game changer for all businesses..
Business
How to remain competitive and ensure growth in a volatile market environment
Whilst the eurozone narrowly avoided a recession in the first quarter of 2023 (source), growth in the UK and most EU economies stalled..
Business
Euro zone consumers see lower inflation ahead – ECB poll
FRANKFURT (Reuters) -Euro zone consumers in May cut their inflation expectations again for the following 12 months, although they stil..
News
Adidas HR chief latest board member to leave since arrival of Gulden as CEO
BERLIN (Reuters) – Adidas said on Wednesday that its HR chief Amanda Rajkumar would leave the company this month after less than..
News
SBI Holdings to help Taiwan’s Powerchip build a plant in Japan
TOKYO (Reuters) – Financial firm SBI Holdings said on Wednesday it would help Taiwan’s Powerchip Semiconductor Manufacturi..
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British lawmakers say new health agency had weak financial controls
LONDON (Reuters) – The UK Health Security Agency was set up with financial controls that were so weak parliament cannot establis..
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Thai headline inflation at 22-month low, lowers 2023 price rise forecast
BANGKOK (Reuters) -Thailand’s annual headline inflation unexpectedly rose in June but at its slowest pace in 22 months, and the ..
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