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..
News
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..
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..
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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..
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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..
News
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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Singapore’s fight against inflation still on amid uncertain growth outlook -central bank
SINGAPORE (Reuters) – Singapore’s central bank warned on Wednesday of weak near-term growth for one of Asia’s top fi..
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Lamborghini sells out combustion engine models – WELT
(Reuters) – Lamborghini’s combustion engine models are sold out until the end of production, its chief executive was quote..
News
China Investment sells some shares in Teck Resources
(Reuters) – China investment corporation (CIC) said on Tuesday its wholly-owned subsidiary, Fullbloom Investment Corporation, so..
News
EV batteries remain major challenge for insurers – UK’s Thatcham
LONDON (Reuters) – A lack of data on electric vehicle (EV) batteries continues to challenge insurers who are forced to scrap EVs..
News
Cyber insurance rates drop 10% in June -report
LONDON (Reuters) – Cyber insurance rates dropped around 10% in June compared with a year earlier, reversing recent sharp rate ri..
News
UK refutes claims it is dropping $14.76 billion climate pledge
(Reuters) -The British government said on Tuesday that claims it was dropping its International Climate Finance pledge are false, afte..
News
Italy’s finances creak as budget deficit climbs in Q1
ROME (Reuters) – Italy’s budget deficit widened in the first quarter to 12.1% of gross domestic product (GDP) compared wit..
News
Oil up as market weighs supply cuts against gloomy economic outlook
LONDON (Reuters) -Oil prices ticked higher on Tuesday as markets weighed supply cuts for August by top exporters Saudi Arabia and Russ..
News
German retailers face 4% slump in sales in real terms in 2023 – HDE
BERLIN (Reuters) – German retailers expect to bring in 4% less sales income this year than last in real terms as inflation remai..
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UniCredit appoints new head of digital to replace Jingle after two years
MILAN (Reuters) – UniCredit has named Ali Khan, a cloud specialist who joins from consultancy PwC, as its new head of digital an..
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Chinese smartphones sales exceed 70% of Russian market
(Reuters) – Chinese smartphones dominated the Russian market in the first half of 2023, exceeding 70% of all sales, leading cons..
News
Sainsbury’s says UK food inflation falling as sales rise
LONDON (Reuters) -Sainsbury’s, Britain’s second largest supermarket group, said on Tuesday food inflation was starting to ..
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Twitter says users must be verified to access TweetDeck
(Reuters) -Twitter users will soon need to be verified in order to use TweetDeck, the social media company said in a tweet on Monday. ..
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