Panasonic delays production of new Tesla battery to improve performance
SAN FRANCISCO/TOKYO (Reuters) – Panasonic said on Wednesday that it will delay the commercial production of its 4680 battery cel..
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Big Tech in banking: Not a threat but an opportunity for fintech
By Fernando Zandona, Chief Product and Technology Officer at Mambu Big Tech making an increasing presence within banking m..
Technology
How AI automation can transform the aid sector
Although the majority of attention rests on Artificial Intelligence applications in the private/for-profit sector, there is a vast sco..
Technology
Google takes wraps off its answer to Microsoft’s AI search challenge
By Jeffrey Dastin and Greg Bensinger MOUNTAIN VIEW, California (Reuters) -Alphabet Inc’s Google on Wednesday unveiled more artif..
Technology
Analysis-Investors’ route to post-COVID China is via Europe
LONDON/SINGAPORE (Reuters) – Investors are getting more bang for their buck this year by buying European companies with a focus ..
Investment
The importance of branding and strategic marketing for businesses
Successful branding can be the determining factor in whether a business succeeds or not. Good branding takes time to plan and put into..
Business
Sterling hits five-month high against euro before BoE decision
LONDON, (Reuters) – The pound rose to a five-month high against the euro on Wednesday as traders bet a rate hike from the Bank o..
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UK firms cut hiring of permanent staff, recruiters’ survey shows
LONDON (Reuters) – British firms reduced hiring of permanent staff via recruitment agencies at the fastest pace in more than two..
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TUI sees summer travel demand ‘significantly’ lifting 2023 profit
By Joanna Plucinska LONDON (Reuters) -German travel firm TUI said it expects strong revenue and higher profit in 2023 on the back of a..
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French retailer Casino’s shares slump 6% after S&P downgrade
PARIS (Reuters) -Shares in French retailer Casino fell more than 6% on Wednesday after Standard & Poor’s cut its long-term c..
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Grocery retailer Ahold Delhaize sees Europe’s food inflation slowing
(Reuters) -Supermarket group Ahold Delhaize expects food inflation in Europe to slow in the second half of this year, CEO Frans Muller..
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ASOS reports first-half loss as shoppers cut back
LONDON (Reuters) -ASOS, Britain’s one-time poster child for the shift to online fashion retailing, swung to a first-half loss, h..
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Dufry sales more than double on travel rebound, Autogrill acquisitionv
(Reuters) – Swiss duty-free retailer Dufry on Wednesday reported a 113.4% jump in its first-quarter turnover, beating market est..
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E.ON to hit upper end of 2023 outlook after strong Q1
FRANKFURT (Reuters) -E.ON, Europe’s largest energy networks operator, expects to hit the upper end of its profit outlook in 2023..
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Dollar eases before inflation data, with nagging worries over debt ceiling impasse
SINGAPORE (Reuters) – The dollar weakened broadly on Wednesday after U.S. President Joe Biden and top lawmakers failed to break ..
News
Ryanair places major Boeing order after jet price spat
WASHINGTON/DUBLIN (Reuters) -Ireland’s Ryanair agreed a multibillion-dollar deal for as many as 300 Boeing jets on Tuesday, bury..
Business
Oil eases on lackluster Chinese import data, U.S. economy woes
HOUSTON (Reuters) -Oil prices fell on Tuesday, retreating from strong gains of the previous two sessions due to lackluster Chinese imp..
Finance
Eurovision 2023 opens with acts walking Liverpool’s ‘Turquoise Carpet’
LIVERPOOL, England (Reuters) – Eurovision 2023 kicked off on Sunday when 37 contenders walked the “Turquoise Carpet”..
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Britain’s JD Sports to buy France’s Courir in $572 million deal
(Reuters) -JD Sports Fashion has proposed buying France’s Groupe Courir for an enterprise value of 520 million euros ($572 milli..
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Italy’s MPS vows to keep delivering after sharp profit jump
MILAN (Reuters) -Italy’s Monte dei Paschi di Siena (MPS) pledged on Tuesday to maintain the state-owned bank’s performance..
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Ferrari CEO says e-fuel cars do not compromise carbon goals
MILAN (Reuters) – Ferrari’s plans to continue building internal combustion engine cars powered by so called e-fuels does n..
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K+S cuts 2023 profit outlook on slow recovery, lower potash prices
(Reuters) – German potash and salt miner K+S on Tuesday cut its annual profit outlook on a slower than expected recovery in dema..
Headlines
Li-Cycle and Glencore unveil plans for recycling hub in Italy
(Reuters) – Battery recycler Li-Cycle Holdings Corp said on Tuesday it planned to develop a recycling hub in Italy along with Sw..
Headlines
Cryptoverse-Tether gets a lift from stability doubts
(Reuters) – Digital stablecoin tether is winning the race for the title of the crypto world’s “least risky” as..
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Daimler Truck sees higher returns as supply chains, demand improve
BERLIN (Reuters) – Daimler Truck reported on Tuesday an adjusted return of sales of 8.8% in the first quarter of the year, up fr..
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PayPal adjusted margin forecast cut eclipses higher profit expectations
By Manya Saini (Reuters) -PayPal Holdings Inc on Monday cut its outlook for annual adjusted operating margin, overshadowing its profit..
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Amazon offers shoppers $10 to pick up purchases as it targets delivery costs
By Lisa Baertlein LOS ANGELES (Reuters) – Amazon.com is offering customers $10 to pick up a purchase rather than have it shippe..
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Uber rival Bolt seeks to turn profitable next year, IPO in 2025
By Supantha Mukherjee STOCKHOLM (Reuters) – Estonian ride-hailing and food delivery startup Bolt expects to turn profitable in t..
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Employers should focus on staff comfort when transitioning back to office work
By Aditya Kumar, Director Offering Management, Sustainable Buildings, Honeywell Building Technologies Amid a softening e..
Business
U.S. dollar struggles, pound hits one-year high
By Laura Matthews and Alun John NEW YORK/LONDON (Reuters) – The dollar remained relatively weaker against most of its major peer..
Finance
Oil climbs almost 3% as recession fears begin to fade
LONDON (Reuters) – Oil rose almost 3% on Monday as U.S. recession fears eased and some traders took the view that crude’s ..
Headlines
Pound hits one-year high against struggling dollar
SINGAPORE/LONDON (Reuters) – Sterling hit an over-one-year high against the dollar on Monday as the greenback began the week und..
Headlines
Spain suspends trading in NH Hoteles, Thai parent offers to buy shares
MADRID/BANGKOK (Reuters) – Spanish stock market regulator CNMV on Monday suspended the trading of shares in NH Hotel Group SA pe..
Headlines
Volkswagen to name Bentley production chief as new Cariad head – sources
(Reuters) -Volkswagen will announce later on Monday the removal of the current leadership at its software unit Cariad, to be taken ove..
News
“A great treat”: King Charles heralds weekend of coronation celebrations
LONDON (Reuters) – King Charles thanked singers who performed at a coronation concert in his honour at Windsor Castle for a ..
Headlines
Italy open to selling down MPS stake on market if terms, buyers are right – sources
By Giuseppe Fonte and Valentina Za ROME (Reuters) -Italy’s Treasury is open to reducing its 64% stake in Monte dei Paschi di Sie..
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German industrial output slumps, recession fears rise
By Maria Martinez BERLIN (Reuters) -German industrial production fell more than expected in March, partly due to a weak performance by..
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