British lawmakers say new health agency had weak financial controls
LONDON (Reuters) – The UK Health Security Agency was set up with financial controls that were so weak parliament cannot establis..
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Thai headline inflation at 22-month low, lowers 2023 price rise forecast
BANGKOK (Reuters) -Thailand’s annual headline inflation unexpectedly rose in June but at its slowest pace in 22 months, and the ..
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Singapore’s fight against inflation still on amid uncertain growth outlook -central bank
SINGAPORE (Reuters) – Singapore’s central bank warned on Wednesday of weak near-term growth for one of Asia’s top fi..
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Lamborghini sells out combustion engine models – WELT
(Reuters) – Lamborghini’s combustion engine models are sold out until the end of production, its chief executive was quote..
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China Investment sells some shares in Teck Resources
(Reuters) – China investment corporation (CIC) said on Tuesday its wholly-owned subsidiary, Fullbloom Investment Corporation, so..
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EV batteries remain major challenge for insurers – UK’s Thatcham
LONDON (Reuters) – A lack of data on electric vehicle (EV) batteries continues to challenge insurers who are forced to scrap EVs..
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Cyber insurance rates drop 10% in June -report
LONDON (Reuters) – Cyber insurance rates dropped around 10% in June compared with a year earlier, reversing recent sharp rate ri..
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UK refutes claims it is dropping $14.76 billion climate pledge
(Reuters) -The British government said on Tuesday that claims it was dropping its International Climate Finance pledge are false, afte..
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Italy’s finances creak as budget deficit climbs in Q1
ROME (Reuters) – Italy’s budget deficit widened in the first quarter to 12.1% of gross domestic product (GDP) compared wit..
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Oil up as market weighs supply cuts against gloomy economic outlook
LONDON (Reuters) -Oil prices ticked higher on Tuesday as markets weighed supply cuts for August by top exporters Saudi Arabia and Russ..
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German retailers face 4% slump in sales in real terms in 2023 – HDE
BERLIN (Reuters) – German retailers expect to bring in 4% less sales income this year than last in real terms as inflation remai..
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UniCredit appoints new head of digital to replace Jingle after two years
MILAN (Reuters) – UniCredit has named Ali Khan, a cloud specialist who joins from consultancy PwC, as its new head of digital an..
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Chinese smartphones sales exceed 70% of Russian market
(Reuters) – Chinese smartphones dominated the Russian market in the first half of 2023, exceeding 70% of all sales, leading cons..
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Sainsbury’s says UK food inflation falling as sales rise
LONDON (Reuters) -Sainsbury’s, Britain’s second largest supermarket group, said on Tuesday food inflation was starting to ..
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Twitter says users must be verified to access TweetDeck
(Reuters) -Twitter users will soon need to be verified in order to use TweetDeck, the social media company said in a tweet on Monday. ..
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Arrival, Nikola signal more pain for EV startups
(Reuters) -Arrival SA will terminate plans to merge with a blank-check firm and Nikola Corp will offload its newly acquired battery un..
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Amazon rolls out first European Rivian vans in Germany
(Reuters) – E-commerce giant Amazon will deploy its first European vans from U.S. electric vehicle (EV) maker Rivian in Germany ..
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Japan’s top lenders in fresh drive to win US investment banking deals
TOKYO (Reuters) -Japan’s top lenders aim to carve out a larger presence in U.S investment banking as they look to make better us..
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Cinepolis exec seen as CEO candidate for Cineworld – Sky News
(Reuters) – Cineworld Group is looking at Eduardo Acuna, who runs the Americas operations of Mexico’s Cinepolis, as a pote..
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UK demands better deal for drivers in road fuel market
LONDON (Reuters) -Britain will require supermarkets and retailers to give drivers access to live fuel prices at every petrol station o..
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Oil giants drill deep as profits trump climate concerns
LONDON (Reuters) -Oil and gas companies have intensified the hunt for new deposits in a long-term bet on demand, as they reinvest some..
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UBS goes on hiring spree for wealth managers catering to rich Americans
NEW YORK (Reuters) -UBS has gone on a U.S. recruiting drive for wealth managers catering to rich Americans even as it considers cullin..
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World stocks rally, Nikkei closes at 33-year peak
LONDON (Reuters) -World stocks rose to a two-week peak on Monday, with Japan’s Nikkei closing at its highest level in 33 years, ..
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UK banks asked by lawmakers if they’re ‘exploiting’ savers with low rates
By Iain Withers LONDON (Reuters) -British banks faced fresh criticism on Monday for the savings rates they offer to cash-strapped cus..
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Casino shares plunge as supermarket chain faces increased default risk
PARIS (Reuters) -Shares in France’s Casino plunged by as much as 20% to fresh record lows on Monday after the supermarket chain ..
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Panasonic needs four more EV battery plants, executive says
OSAKA, Japan (Reuters) -The battery arm of Japan’s Panasonic will need to build four more factories to reach its target for a sh..
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UK year-ahead inflation expectations rise to 5%: Citi/YouGov
LONDON (Reuters) -The British public’s expectations for inflation over the coming year rose in June but long-run expectations ea..
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Apple makes history as first $3 trillion company amid tech stock surge
(Reuters) – Apple Inc became the first company in the world to reach a market value of $3 trillion, buoyed by hopes over its exp..
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Australia’s United Malt agrees to $1 billion takeover offer from France’s InVivo
(Reuters) -United Malt Group Ltd said on Monday it agreed to a A$1.5 billion ($999 million) takeover offer from Malteries Soufflet, a ..
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Hong Kong May retail sales rise 18.4%, sixth month of growth
HONG KONG (Reuters) – Hong Kong’s May retail sales rose 18.4% from a year earlier thanks to the revival of inbound tourism..
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UK car output jumps 27% in May from year earlier on steady EV demand
(Reuters) – Britain’s car production rose for a fourth straight month in May, driven by higher demand for electric vehicle..
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Volkswagen in talks with Tesla to adopt its charging standard
(Reuters) -Volkswagen is in talks with Tesla to adopt its North American Charging Standard (NACS) technology, while the German automak..
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AutoStore to appeal London high court loss to Ocado in patent feud
LONDON (Reuters) – Norwegian robotics firm AutoStore said on Thursday it will appeal a London high court judgement in March whic..
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Credit Suisse appoints investment banking management committee -memo
NEW YORK (Reuters) – Credit Suisse Group AG on Thursday appointed an investment banking management committee to oversee its inte..
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Britain’s Ocado follows rivals in cutting some prices
LONDON (Reuters) – British online supermarket Ocado Retail has followed rivals by cutting prices of some essential items, adding..
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South African citrus growers say EU pest rules putting squeeze on exports
(Reuters) – New European Union pest control rules will cut South Africa’s orange exports to Europe by 20% this year, threa..
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India’s aerospace suppliers see upside in parts-making from record jet orders
PARIS/DELHI (Reuters) -Indian aerospace suppliers see record jet orders by the country’s top two carriers boosting domestic part..
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