Sterling hits one-week high vs dollar, focus on rally against Swiss Franc
By Stefano Rebaudo (Reuters) – Sterling edged higher against a weakening dollar and dropped versus the euro on Thursday, with in..
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Stocks and bonds take heart from Powell; commodities strong
By Amanda Cooper LONDON (Reuters) – Global shares rallied on Thursday as U.S. rate cuts remained on the table even if their timi..
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UK on track to exit recession despite slower services growth, PMI data shows
By David Milliken LONDON (Reuters) -Britain’s economy looks on track to exit recession when official first-quarter growth data i..
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Oil steady, bolstered by lower supply concerns
By Paul Carsten and Robert Harvey LONDON (Reuters) -Oil prices were steady on Thursday, shored up by concerns about lower supply as ma..
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Dollar hits two-week low while battered yen stabilises
By Hannah Lang and Stefano Rebaudo NEW YORK (Reuters) – The dollar hit a two-week low on Thursday as economic data supported exp..
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The Advantages of Radio-Frequency Identification (RFID) Chips in Supply Chains
By Joseph Schlossberg, Vice President of Global Sales – Sourcing Solutions International Imagine a cutting-edge technology that turns..
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UK on track to exit recession despite slower services growth, PMI data shows
By David Milliken LONDON (Reuters) -Britain’s economy looks on track to exit recession when official first-quarter growth data i..
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Tame Swiss inflation opens door for more SNB rate cuts, weighs on franc
ZURICH (Reuters) -Swiss inflation eased to its lowest level in two-and-a-half years in March, pushing the Swiss franc lower on market ..
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Former Gucci CEO to take minority stake in Elisabetta Franchi
MILAN (Reuters) – Former Gucci chief executive Marco Bizzarri said on Thursday he would invest in Italian fashion brand Elisabet..
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Britain’s Co-op profit slides after petrol forecourt sale
(Reuters) -Co-op, which runs Britain’s seventh-biggest supermarket chain, posted a steep drop in annual pretax profit on Thursda..
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Entain Chair Barry Gibson to step down by Sept-end
(Reuters) – Sports betting and gaming group Entain said on Thursday Chair Barry Gibson would step down by September-end after mo..
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UK watchdog refers Vodafone, Three deal to in-depth probe
Vodafone’s UK operation and Hutchison’s Three UK after the parties did not offer remedies to ease the regulator’s co..
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Japan’s Konica Minolta to cut 2,400 jobs, book $132 million in expenses
TOKYO (Reuters) – Japan’s Konica Minolta said on Thursday it will trim 2,400 jobs worldwide during the current fiscal year..
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Novo says Ozempic starter kits still not available in Germany in Q2
By Ludwig Burger FRANKFURT (Reuters) – Novo Nordisk has warned that starter kits of its popular diabetes drug Ozempic will still..
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Euro zone inflation unexpectedly eases, boosting rate cut case
By Balazs Koranyi FRANKFURT (Reuters) – Euro zone inflation fell unexpectedly last month, solidifying the case for the European ..
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UK supermarket sales rise 5.4%, NIQ market researcher says
LONDON (Reuters) – British supermarket total sales rose by 5.4% year-over-year in the four weeks to March 23 as slowing inflatio..
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UK’s Topps Tiles flags persistent weak demand in 2024 after lower H1 volumes
(Reuters) -Britain’s largest tile retailer Topps Tiles said on Wednesday subdued demand in the domestic repair and maintenance s..
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Swiss Re appoints Andreas Berger as new CEO from July
ZURICH (Reuters) -Reinsurance company Swiss Re said on Wednesday Andreas Berger would become group chief executive officer from July, ..
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CMA CGM acquires 10% in stake in Volvo-Renault EV joint venture, Renault says
(Reuters) – French car manufacturer Renault on Wednesday announced that shipping group CMA CGM officially joined Flexis, its par..
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Euro zone factory downturn deepened again in March, PMI shows
LONDON (Reuters) – Euro zone manufacturing activity took a further turn for the worse in March, contracting at a steeper pace th..
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IKEA Foundation backs emerging market EV push with $100 million grant
By Simon Jessop and Virginia Furness LONDON (Reuters) – A global initiative to accelerate electric vehicle uptake has received a..
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UK shop prices rise at slowest pace since December 2021
LONDON (Reuters) – Prices in British shops rose at the slowest pace in more than two years in March, the British Retail Consorti..
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Disney edges ahead in battle for board seats with activist investors
By Svea Herbst-Bayliss and Dawn Chmielewski NEW YORK (Reuters) – Walt Disney appeared to pull ahead of activist investors in the..
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UBS launches new $2bn share buyback
ZURICH (Reuters) -UBS on Tuesday announced it was launching a new share buyback programme of up to $2 billion, with up to half being c..
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BMW and India’s Tata Technologies to form JV for developing software
BENGALURU (Reuters) -BMW Group and Tata Technologies will form a joint venture for the development of software for the German luxury a..
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King Charles greets well-wishers after Easter Sunday service
WINDSOR, England (Reuters) -Britain’s King Charles greeted well-wishers in an impromptu walkabout after an Easter church service..
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China believes France will provide fair business environment for Chinese firms, foreign ministry says
BEIJING (Reuters) – China will import even more high-quality products and services from France and believes the European country..
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Exclusive-Microsoft to separate Teams and Office globally amid antitrust scrutiny
By Foo Yun Chee BRUSSELS (Reuters) – Microsoft will sell its chat and video app Teams separately from its Office product globall..
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Xiaomi’s EV buyers face up to seven-month wait for car, app shows
By Yelin Mo and Brenda Goh BEIJING (Reuters) -Xiaomi is advising would-be buyers of its new SU7 electric sedan that they could face an..
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Stocks subdued, yen in focus, with inflation data on tap
NEW YORK/LONDON (Reuters) -A gauge of global share markets was barely changed on Thursday as it was poised to end the quarter w..
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Hershey, Mondelez bet big on Easter as cocoa price crisis looms
By Jessica DiNapoli, Maytaal Angel and Richa Naidu NEW YORK/LONDON (Reuters) – Hershey, Mondelez and other confection-makers are..
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UK’s Thames Water in crisis after shareholders refuse to pay up
By Sarah Young LONDON (Reuters) -Thames Water, Britain’s biggest water utility, said on Thursday its shareholders had refused to..
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Mercedes partly loses class action case over diesel defeat devices
BERLIN (Reuters) – A German court ruled on Thursday partly in favour of consumers in a class action suit against Mercedes Benz o..
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UK competition regulator decides against in-depth probe of Aviva, AIG Life UK merger
LONDON (Reuters) -Britain’s competition regulator said on Thursday that it has decided not to open an in-depth ‘phase 2..
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JD Sports’ January sales fall in ‘challenging’ market
LONDON (Reuters) -British sportswear retailer JD Sports said trading conditions remained challenging after its like-for-like sales dro..
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French company Valeo to use more Google Cloud AI tools
PARIS (Reuters) – French car parts maker Valeo said on Thursday it would be using more Google Cloud AI tools at Valeo, highlight..
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BoE’s Haskel says rate cuts should be ‘a long way off’, FT reports
(Reuters) -Bank of England (BoE) interest-rate setter Jonathan Haskel said that rate cuts should be “a long way off,” the..
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