Headlines

EU demands quick fix from U.S. of green subsidy law

EU demands quick fix from U.S. of green subsidy law

By Philip Blenkinsop BRUSSELS (Reuters) – European Union ministers warned on Friday that time was running out to resolve differe..

Cost-of-living crisis casts shadow over Europe’s Black Friday

Cost-of-living crisis casts shadow over Europe’s Black Friday

By James Davey LONDON (Reuters) – Europe’s retailers are hoping Black Friday discount day will get shoppers spending, thou..

IKEA stores owner Ingka’s annual operating profit rises 9%

IKEA stores owner Ingka’s annual operating profit rises 9%

By Anna Ringstrom STOCKHOLM (Reuters) – Ingka Group, the owner of most IKEA stores, reported on Friday a 9% rise in annual opera..

INDUSTRIAL REPAIR GROUP COMPLETES SALE OF EUROPEAN BUSINESS AND ASSETS

INDUSTRIAL REPAIR GROUP COMPLETES SALE OF EUROPEAN BUSINESS AND ASSETS

Leonard Curtis Legal has successfully advised K&S European Services Limited and its European subsidiaries on the disposal of their..

UK budget fashion chain Primark to invest 140 million stg in stores

UK budget fashion chain Primark to invest 140 million stg in stores

LONDON (Reuters) – British fashion chain Primark set out plans to invest 140 million pounds ($169 million) in its UK store estat..

UK energy regulator drops plan to ring fence customers’ cash

UK energy regulator drops plan to ring fence customers’ cash

LONDON (Reuters) -British energy regulator Ofgem on Friday dropped a planned requirement for suppliers to ring fence customer credit b..

Cost-of-living crisis casts shadow over Europe’s Black Friday

Cost-of-living crisis casts shadow over Europe’s Black Friday

By James Davey LONDON (Reuters) -Europe’s retailers are hoping Black Friday discount day will get shoppers spending, though it t..

Dollar set for weekly loss amid expectations Fed will slow hikes

Dollar set for weekly loss amid expectations Fed will slow hikes

By Rae Wee and Joice Alves SINGAPORE/LONDON (Reuters) – The U.S. dollar hovered near a three-month low on Friday and was headed ..

Atlantia exit highlights Milan’s battle to retain market heavyweights

Atlantia exit highlights Milan’s battle to retain market heavyweights

By Elisa Anzolin MILAN (Reuters) – The buyout of Atlantia will cut another 19 billion euros ($19.5 billion) from the value of th..

Exclusive: Foxconn woes could hit at least 30% of iPhone Nov shipments from China plant – source

Exclusive: Foxconn woes could hit at least 30% of iPhone Nov shipments from China plant – source

TAIPEI (Reuters) – Production of Apple Inc’s iPhones could slump by at least 30% at Foxconn’s factory in China’..

Malaysia’s new PM Anwar says first priority is cost of living

Malaysia’s new PM Anwar says first priority is cost of living

By Mei Mei Chu KUALA LUMPUR (Reuters) – Malaysia’s newly appointed Prime Minister Anwar Ibrahim said on Friday his primary..

British nurses to stage first strikes on Dec. 15, 20

British nurses to stage first strikes on Dec. 15, 20

LONDON (Reuters) – Thousands of British nurses will go on strike on Dec. 15 and 20 for more pay, their union said on Friday, add..

UK motor and home insurers headed for heavy losses, EY warns

UK motor and home insurers headed for heavy losses, EY warns

(Reuters) – British motor and home insurers are set for significant losses in 2022 and 2023 due to inflationary pressures and lo..

Soccer-Ronaldo breaks record as Portugal up and running with Ghana win

Soccer-Ronaldo breaks record as Portugal up and running with Ghana win

By Toby Davis DOHA (Reuters) -Cristiano Ronaldo drew a line under a tumultuous tournament build-up as he wrote his name in the record ..

Soccer-Manchester United fans want more say under any new owners

Soccer-Manchester United fans want more say under any new owners

By Alan Baldwin (Reuters) -Manchester United needs new owners and fresh investment to halt years of decline and fans should be given a..

German regulator stays vigilant as Meta changes VR headset rules

German regulator stays vigilant as Meta changes VR headset rules

BERLIN (Reuters) – Facebook’s parent company Meta Platforms has responded to the German cartel office’s concerns by ..

Telecoms group Orange signs sustainability-linked refinancing of 6 billion euros syndicated credit facility

Telecoms group Orange signs sustainability-linked refinancing of 6 billion euros syndicated credit facility

PARIS (Reuters) – Orange, France’s biggest telecoms group, said on Wednesday it had signed an agreement for a sustainabili..

Factbox-U.S. offers new details on plan to cap Russian oil prices

Factbox-U.S. offers new details on plan to cap Russian oil prices

(Reuters) -New guidance issued by the U.S. Treasury adds more detail to a complex plan by the European Union, G7 nations and Australia..

New space observatory helps solve mystery involving enormous black holes

New space observatory helps solve mystery involving enormous black holes

By Will Dunham WASHINGTON (Reuters) – Most galaxies are built around humongous black holes. While many of these are comparativel..

Volkswagen strikes below-inflation wage deal, continues German trend

Volkswagen strikes below-inflation wage deal, continues German trend

By Jan Schwartz HAMBURG (Reuters) -Volkswagen on Wednesday agreed a two-year wage deal for workers at its western German factories, of..

Italy’s A2A trims green investment plan citing economy, volatile markets

Italy’s A2A trims green investment plan citing economy, volatile markets

(Reuters) -Italy’s largest regional utility A2A on Tuesday scaled back its investments aimed at reducing its carbon footprint, a..

Britain’s Halfords targets retirees in recruitment drive

Britain’s Halfords targets retirees in recruitment drive

LONDON (Reuters) – Halfords is aiming to recruit 1,000 new technicians over the next 12 months by attracting retirees to work in..

Glencore to sell Australian copper mine to SPAC for $1.1 billion

Glencore to sell Australian copper mine to SPAC for $1.1 billion

(Reuters) – Glencore said on Wednesday that blank-check firm Metal Acquisition Corp (MAC) agreed to an amended agreement to buy ..

HP to cut about 12% jobs by end of fiscal 2025

HP to cut about 12% jobs by end of fiscal 2025

(Reuters) -HP Inc said on Tuesday it expects to cut up to 6,000 jobs by the end of fiscal 2025, or about 12% of its global workforce, ..

Analysis-At World Cup, Saudi crown prince moves back on to global stage

Analysis-At World Cup, Saudi crown prince moves back on to global stage

By Angus McDowall and Maya Gebeily DOHA (Reuters) – When Saudi Arabian Crown Prince Mohammed bin Salman took his seat next to th..

First nationwide map of Italy’s fascist monuments goes online

First nationwide map of Italy’s fascist monuments goes online

By Alvise Armellini ROME (Reuters) – More than 1,400 monuments, street signs and plaques honouring fascism have been put online ..

UK says Baker Hughes-Altus deal may hurt competition in oil well services

UK says Baker Hughes-Altus deal may hurt competition in oil well services

(Reuters) – Britain’s competition watchdog said on Tuesday U.S.-listed oilfield services firm Baker Hughes Co’s acqu..

Equinor evaluating impact of British windfall tax on projects

Equinor evaluating impact of British windfall tax on projects

By Ron Bousso LONDON (Reuters) -Norwegian oil company Equinor said on Tuesday it is evaluating the impact of Britain’s windfall ..

Suedzucker expects to raise its sugar prices again next year

Suedzucker expects to raise its sugar prices again next year

By Maytaal Angel LONDON (Reuters) -Europe’s largest sugar producer Suedzucker is set to bump up sugar prices again next year as ..

Zoom shares down 90% from peak as pandemic boom fades

Zoom shares down 90% from peak as pandemic boom fades

By Aditya Soni and Chavi Mehta (Reuters) – Shares of Zoom Video Communications Inc have tumbled about 90% from their pandemic pe..

End of cheap money for U.S. farmers plows trouble into food production

End of cheap money for U.S. farmers plows trouble into food production

By P.J. Huffstutter and Bianca Flowers CHICAGO (Reuters) – Montana farmer Sarah Degn had big plans to invest the healthy profits..

UK businesses call for looser immigration rules to boost growth

UK businesses call for looser immigration rules to boost growth

LONDON (Reuters) – Britain should create a programme of temporary work visas to boost economic growth and also resolve a dispute..

Lufthansa launches drive to hire 20,000 employees

Lufthansa launches drive to hire 20,000 employees

BERLIN (Reuters) – Deutsche Lufthansa said it planned to hire 20,000 new employees as the German flagship airline launched a rec..

Virgin Money shares leap on higher profit, investor payouts

Virgin Money shares leap on higher profit, investor payouts

By Iain Withers LONDON (Reuters) -Shares in British lender Virgin Money leapt 16% on Monday after it reported a jump in full-year prof..

StanChart sees Asia, Middle East as bright spots in weak global economy

StanChart sees Asia, Middle East as bright spots in weak global economy

By Anshuman Daga SINGAPORE (Reuters) – Standard Chartered expects Asia and the Middle East to outperform other regions even as s..

Nestle’s Nespresso to sell paper-based compostable coffee pods

Nestle’s Nespresso to sell paper-based compostable coffee pods

ZURICH (Reuters) – Nestle’s Nespresso coffee business is launching paper-based compostable capsules to attract customers p..

Contract caterer Compass expects 2023 profit growth to top 20%

Contract caterer Compass expects 2023 profit growth to top 20%

(Reuters) – Contract caterer Compass Group on Monday forecast its profit growth to be more than 20% in 2023 and margins to be ab..