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..
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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..
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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 ..
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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..
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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..
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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..
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“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 ..
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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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Spain’s Grifols names current chairman as CEO, ending family leadership
By Joan Faus BARCELONA (Reuters) -Grifols said on Monday its executive chairman Thomas Glanzmann will become its new chief executive w..
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Asia shares edge higher, wary of US bank data
SYDNEY (Reuters) – Asian shares were mostly higher on Monday as investors braced for a week where U.S. inflation data will test ..
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Analysis-Battle for China’s electric SUV market heats up at home and abroad
SHANGHAI (Reuters) – China is ground zero for the price war in electric vehicles and the battleground is shifting to SUV-styled ..
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Dollar jumps as U.S. job gains, wage growth beat expectations
NEW YORK (Reuters) – The dollar jumped on Friday after data showed that U.S. employers added more jobs than expected in April, w..
Finance
King Charles greets wellwishers outside palace before coronation
LONDON (Reuters) -Britain’s King Charles and his son William greeted wellwishers outside Buckingham Palace in central London on ..
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World leaders gather in London for King Charles’ coronation
LONDON (Reuters) – King Charles will hold a reception on Friday for world leaders gathered in London for his coronation t..
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WHO declares end to COVID global health emergency
By Jennifer Rigby LONDON (Reuters) -COVID-19 no longer represents a global health emergency, the World Health Organization said on Fri..
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Scaling Up: How to Overcome Growth Challenges as a Small Business
Scaling a business is a challenge that not every entrepreneur succeeds at. Around 20% of businesses fail within their first year of op..
Business
Analysis-Smoldering Iran nuclear crisis risks catching fire
WASHINGTON/PARIS/DUBAI (Reuters) – Even as the United States and its European allies grapple with Russia’s invasion..
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World food prices rise for first time in a year- FAO
ROME (Reuters) – The United Nations food agency’s world price index rose in April for the first time is a year, but is sti..
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Adidas shares leap on results but CEO warns of bumpy year
By Helen Reid LONDON (Reuters) -Adidas reported better-than-expected quarterly results and said the Chinese market was improving, send..
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Alpha Bank to sell bad loan portfolio to Fortress and Davidson Kempner
ATHENS (Reuters) – Alpha Bank ACBr.AT, one of Greece’s four largest lenders, said on Friday it signed a binding agreement ..
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UK PM Sunak: Election results show people want us to deliver for them
LONDON (Reuters) – British Prime Minister Rishi Sunak said local elections results so far showed that people wanted his ruling p..
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Portugal’s Galp quarterly profit up 62%, below market forecast
LISBON (Reuters) -Portugal’s Galp Energia reported on Friday a smaller-than-expected 62% rise in adjusted first-quarter profit a..
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Republican leaders of Australia and NZ to pledge allegiance to king
SYDNEY/WELLINGTON (Reuters) – The leaders of Australia and New Zealand will pledge their allegiance to King Charles at his coron..
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Macquarie posts record profits on higher income from commodities arm
By Praveen Menon and Roushni Nair (Reuters) -Australia’s Macquarie Group on Friday forecast higher short-term income from its lu..
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Geely’s London black cab unit unveils new large EV platform
By Nick Carey ANSTY, England (Reuters) – Geely unit London Electric Vehicle Company (LEVC) on Friday unveiled a new, large elect..
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Heineken to invest $300 million in Brazil to expand premium beer portfolio
SAO PAULO (Reuters) – Heineken NV, the world’s second-largest brewer, said on Thursday it will invest 1.5 billion reais ($..
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US Treasury’s top international official heads to Europe, Asia for talks on economy
WASHINGTON (Reuters) – The U.S. Treasury Department’s top international official is heading to Europe and Asia this week f..
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