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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Chinese payment giants revive effort to accept foreign credit cards
HONG KONG (Reuters) – Chinese tech giants Tencent Holdings and Ant Group said that they would allow users to link international ..
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Euro zone lending takes another hit in May
(Reuters) – Euro zone bank lending slowed further in May, dragged down by higher interest rates and a recession in the blocR..
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Boohoo urges Revolution Beauty to call general meeting over board changes
(Reuters) – Boohoo on Wednesday urged Revolution Beauty to call for its requisitioned general meeting “without further del..
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SAP CEO: huge growth potential in generative AI
(Reuters) – German business software maker SAP sees huge growth potential in generative AI technology, Chief Executive Officer C..
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Nissan will not fill COO position left open by Gupta’s departure
TOKYO (Reuters) – Nissan Motor Co has decided to not fill in the chief operating officer position vacated by Ashwani Gupta under..
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Asia shares subdued, yen shunned as euro shines
SYDNEY (Reuters) – Asian shares stalled on Wednesday as surprisingly upbeat U.S. economic news warred with global growth concern..
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Google lays off staff at its mapping app Waze
LONDON (Reuters) – One in seven people in the United Kingdom faced hunger last year because they did not have enough money, acco..
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Cryptoverse: Bitcoin bounces on BlackRock buzz
By Lisa Pauline Mattackal and Medha Singh (Reuters) – What would Satoshi make of it all? Bitcoin, the currency created to subver..
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German bond yield curve most inverted in nearly 31 years
(Reuters) -The German yield curve was at its most inverted level in nearly 31 years on Tuesday as investors bet that a flagging econom..
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Aston Martin’s shares skid after it drops sales volume target
(Reuters) – British luxury carmaker Aston Martin unnerved investors on Tuesday by leaving out a sales volume target as it stuck ..
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China’s state banks seen selling dollars offshore to slow yuan drop – sources
SHANGHAI/BEIJING (Reuters) -China’s major state-owned banks were seen selling dollars in the offshore spot foreign exchange mark..
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Indonesia’s Pertamina, Electrum sign battery packs development deal
JAKARTA (Reuters) – Indonesia’s state energy company Pertamina said late on Monday it plans to develop battery packs for e..
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Dollar holds firm ahead of U.S. durable goods, housing data
TOKYO (Reuters) – The U.S. dollar held its ground against major currencies on Tuesday as tension in Russia simmered and traders ..
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UK’s Sainsbury’s cuts more prices, adding to signs of abating inflation
LONDON (Reuters) -British supermarket Sainsbury’s cut more prices on Monday, adding to evidence that a surge in food inflation w..
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Yara postpones clean ammonia IPO after weak valuation
OSLO (Reuters) -Norway’s Yara has postponed a planned initial public offering of its Yara Clean Ammonia (YCA) business by one or..
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German business sentiment points to likelihood of longer recession
BERLIN (Reuters) -German business morale worsened for the second consecutive month in June, a survey showed on Monday, indicating that..
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AB Foods raises profit outlook as Primark gets summer boost
LONDON (Reuters) -Associated British Foods raised its full year profit outlook on Monday with its Primark fashion business boosted by ..
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PwC Australia says staff involved in tax leak face ‘severe’ consequences
SYDNEY (Reuters) -PricewaterhouseCoopers Australia staff who are found to have acted improperly in a scandal over the leaking of gover..
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Desperately seeking staff: Paris Airshow lets jobless in for free
PARIS (Reuters) – Jean Blondin usually attends the world’s largest air show to find new contracts. This year, he has made ..
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Mitsubishi sees no Sakhalin-2 LNG operational issues after Shell exit
TOKYO (Reuters) – Japan’s Mitsubishi Corp expects no operational problems at the Sakhalin-2 liquefied natural gas (LNG) pr..
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Investors increase bets on UK recession as rate hikes bite
LONDON (Reuters) -Markets are doubling down on bets for a UK recession after the Bank of England delivered an outsized rate hike on Th..
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Marketmind: O Canada! Markets wary of Fed hawkish surprise
A look at the day ahead in European and global markets from Ankur Banerjee Another day, another surprise hike. After the Reserve Bank ..
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Richard Teng seen as potential successor to Binance’s Changpeng Zhao -reports
(Reuters) – Richard Teng, Binance’s head of regional markets outside the United States, is seen as the most likely candida..
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Denmark to boost healthcare with an extra $739 million per year
COPENHAGEN (Reuters) -Denmark will use stronger-than-expected economic growth to boost its healthcare system with an extra 5 billion D..
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Drahi boosts stake in BT to 24.5%, will not make an offer
By Sarah Young LONDON (Reuters) -Billionaire Patrick Drahi has increased his stake in BT to 24.5% but reiterated that he does not plan..
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UK meat producer Cranswick’s full-year profit rises on strong demand
(Reuters) -Cranswick Plc on Tuesday reported a rise in full-year profit, as the British meat producer saw strong demand for gourmet me..
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Tyre-makers under pressure as too much rubber hits the road
LONDON (Reuters) – Tyre-makers are under pressure to almost literally reinvent the wheel as regulators turn their scrutiny to ty..
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EU raw material targets need money and faster permits, sector chief says
BRUSSELS (Reuters) – The European Union will only meet ambitious targets to reduce its reliance on China and other countries for..
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Audit finds holes in ECB’s management of bank credit risk
FRANKFURT (Reuters) – European Central Bank supervisors are often too lenient with banks in how they manage credit risk, especia..
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Dollar eases before inflation data, with nagging worries over debt ceiling impasse
SINGAPORE (Reuters) – The dollar weakened broadly on Wednesday after U.S. President Joe Biden and top lawmakers failed to break ..
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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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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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