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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What to expect from King Charles’ coronation on May 6
By Michael Holden LONDON (Reuters) -King Charles will be crowned at Westminster Abbey in a ceremony full of pomp, pageantry and solemn..
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Volvo Cars to axe 1,300 jobs as it steps up cost cuts
COPENHAGEN (Reuters) -Volvo Cars will lay off around 1,300 office-based employees in Sweden as it steps up cost cutting, the Sweden-ba..
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Euro zone April business activity grows on strong services demand – PMI
By Indradip Ghosh BENGALURU (Reuters) – Growth in euro zone business activity sped up in April, though less than initially indic..
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Canadian PM Justin Trudeau to attend King Charles’ coronation in London
OTTAWA (Reuters) -Canadian Prime Minister Justin Trudeau will travel to Britain to attend the Coronation of King Charles at LondonR..
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Joby Aviation to get investment from Tesla shareholder Baillie Gifford
(Reuters) – British investment management firm Baillie Gifford will invest $180 million in electric aircraft maker Joby Aviation..
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UniCredit to use 300 million euro charges for voluntary staff exits-sources
MILAN (Reuters) – UniCredit will use restructuring charges it is set to book this year to fund voluntary exits after receiving s..
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Fed delivers small rate hike, opens door to pause in tightening cycle
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -The Federal Reserve on Wednesday raised interest rates by a quarter of a perc..
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Bangladesh moves up the ranks and could become the 24th largest economy by 2036
Bangladesh, located in South Asia, has made significant strides in recent years, with the country becoming one of the fastest-growing ..
Finance