Italy’s luxury groups set aside rivalries to keep it local
MILAN (Reuters) – Italy’s luxury fashion groups, which for decades jealously guarded their independence, have started team..
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Euro zone ministers agree on gradual wind-down of spending
BRUSSELS (Reuters) – Euro zone finance ministers agreed on Thursday that the single currency area needed a “determined, gr..
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Ericsson’s quarterly operating profit declines, beats expectations
By Martin Coulter LONDON (Reuters) – Sweden’s Ericsson reported a 62% fall in second-quarter adjusted operating profit on ..
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Exclusive-Canada unfreezes talks with Turkey on export controls after NATO move-source
By Jonathan Spicer and Huseyin Hayatsever ANKARA (Reuters) -Canada has unfrozen talks with Turkey on lifting export controls on drone ..
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Bosch ups investment in hydrogen, begins fuel-cell power module production
BERLIN (Reuters) – German auto supplier Bosch will invest almost 2.5 billion euros ($2.8 billion) in hydrogen fuel cell technolo..
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Elon Musk thinks China is interested in an international AI framework
By Kanishka Singh and Anna Tong WASHINGTON (Reuters) -Billionaire Elon Musk said on Wednesday he thinks China is interested in a coope..
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UK’s Domino’s Pizza Group names new CEO
(Reuters) -Domino’s Pizza Group said on Thursday Andrew Rennie, who has served as the Europe chief for a major franchise operato..
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Discount retailer Pepco’s sales growth slows
LONDON (Reuters) -European discount retailer Pepco Group reported a slowdown in underlying sales growth in its latest quarter on Thurs..
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Big companies toughen banking partner screening after crisis – survey
By Laura Matthews NEW YORK (Reuters) – Large companies are spreading out their counterparty risk and increasing screening of the..
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Wall Street cheers cool CPI with stock rally; dollar, yields decline
By Lawrence Delevingne (Reuters) -Wall Street stocks advanced on Wednesday and the dollar and Treasury yields fell after new U.S. infl..
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British digital bank Monzo in talks to buy Nordic lender Lunar
LONDON (Reuters) – British digital bank Monzo is in early stage discussions about a potential acquisition of Nordic lender Lunar..
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Germany more flexible on hydrogen transition, emphasises speed – draft
FRANKFURT (Reuters) – Germany is set to hold on to its hydrogen economy goals up to 2030 and beyond while pressing for speed and..
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Smurfit Kappa eyes wider North Africa expansion after Morocco opening
By Padraic Halpin DUBLIN (Reuters) -Europe’s largest paper and packaging producer Smurfit Kappa expects the opening of its first..
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Bank of England says Britain is coping with higher interest rates
By David Milliken, Huw Jones and William Schomberg LONDON (Reuters) -Britain’s economy is so far proving resilient to a surge in..
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Exclusive-SoftBank considering US listing for its PayPay business – sources
By Sam Nussey and Miho Uranaka TOKYO (Reuters) -SoftBank is considering a U.S. listing for its PayPay payments business, three sources..
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Oil steadies amid economic concerns, higher U.S. crude stocks
By Laura Sanicola and Trixie Yap (Reuters) -Oil prices barely moved on Wednesday as markets weighed a possible build in U.S. crude sto..
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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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