Sanofi reaches deal on terms of sale of consumer health arm, say French government sources
PARIS (Reuters) -Sanofi on Sunday reached an agreement on terms to sell a controlling stake in its consumer health unit Opella to U.S...
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Perplexity AI in funding talks to more than double valuation to $8 billion, WSJ reports
(Reuters) -Jeff Bezos-backed Perplexity AI has begun fundraising talks in which it is looking to more than double its valuation..
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Triathlon-Britain’s Yee adds world title to Olympic gold
(Reuters) – British Olympic champion Alex Yee finished third after a barn-storming run in the men’s triathlon World Champi..
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Geocoding technology: a necessity in 2025
By Barley Laing, the UK Managing Director at Melissa Traditionally, geocoding technology has been vital for the logistics and delivery..
Digital
UK’s Mothercare partners with Reliance to strengthen South Asia presence
(Reuters) – Mothercare formed a joint venture with Reliance Brands Holding UK, strengthening its presence in the South As..
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Number of female business leaders in Britain falls in 2024, report says
LONDON (Reuters) – The number of women who hold executive reins in corporate Britain has fallen for the first time in eig..
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FTSE 100 touches five-month closing high on optimism over rate cuts
By Pranav Kashyap and Sruthi Shankar (Reuters) -The UK’s FTSE 100 closed at a near five-month high on Thursday, as pest c..
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Denmark’s central bank cuts key interest rate to 2.85%, mirroring ECB
COPENHAGEN (Reuters) – Denmark’s central bank cut its key policy interest rate by 25 basis points to 2.85% on Thurs..
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Heightened Egyptian demand in tight market buoys European fuel oil prices
By Robert Harvey and Ahmad Ghaddar LONDON (Reuters) – A spike in Egyptian imports of fuel oil used for power generation has coin..
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ECB cuts rates once more as euro zone economy sags
By Francesco Canepa and Balazs Koranyi (Reuters) -The European Central Bank cut interest rates on Thursday for the third time this yea..
Finance
Wall St follows European shares higher after solid retail sales data
By Stephen Culp NEW YORK (Reuters) – U.S. stocks followed their European counterparts higher on Thursday as investors parsed an ..
Investment
Dollar jumps as retail sales confirm strong US economy
By Karen Brettell NEW YORK (Reuters) – The dollar jumped to an 11-week high on Thursday after data showed that U.S. retail sales..
Finance
Germany moves to strengthen domestic wind power industry
By Riham Alkousaa BERLIN (Reuters) -Germany is planning state guarantees for wind energy production, it said on Thursday, as part of a..
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Amazon reveals its first color Kindle e-reader after years of development
By Greg Bensinger SAN FRANCISCO (Reuters) – Amazon on Wednesday announced its first color Kindle e-reader following years..
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BHP iron ore output beats, copper production edges up on better grades at Escondida
By Rishav Chatterjee (Reuters) -Global miner BHP beat first-quarter iron ore output estimates on Thursday, spurred by easing of..
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Smaller UK firms need help to end ‘doom loop’, think tank says
LONDON (Reuters) – Britain’s smaller listed companies can reverse a “doom loop”, driven by plummeting v..
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Airbus to cut up to 2,500 jobs in defence and space
By Tim Hepher PARIS (Reuters) -Airbus announced plans on Wednesday to cut up to 2,500 jobs in its Defence and Space division af..
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Morgan Stanley profit exceeds forecasts on dealmaking surge; shares jump to record
By Tatiana Bautzer, Manya Saini and Niket Nishant (Reuters) – Morgan Stanley’s profit surpassed estimates on a bumper thir..
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Adyen co-founder’s new firm Tebi raises $22 million to expand
By Toby Sterling AMSTERDAM (Reuters) – The co-founder of payments giant Adyen has begun scaling up his new business softw..
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GSK sues Moderna for US patent infringement over COVID, RSV vaccines
By Blake Brittain (Reuters) -British drugmaker GlaxoSmithKline sued Moderna in U.S. federal court in Delaware on Tuesday, accus..
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French bank Credit Agricole to buy 50% of GAC’s leasing unit
By Mathieu Rosemain and Sudip Kar-Gupta PARIS (Reuters) -Credit Agricole is planning to buy a 50% stake in the leasing unit of ..
Finance
Tech stocks hurt STOXX 600, ASML logs biggest one-day drop in 26 years
By Paolo Laudani, Ankika Biswas and Johann M Cherian (Reuters) -European shares posted their biggest one-day drop in over two w..
Finance
Adidas raises 2024 guidance again, citing good brand momentum
(Reuters) -Adidas on Tuesday raised its full-year sales and profit guidance, citing better than expected performance in the thi..
Business
Britain’s SSE rebuffed EDP proposal to merge, sources say
By Andres Gonzalez, Sarah McFarlane and Sergio Goncalves LONDON (Reuters) – Portugal’s main power utility EDP initi..
Business
Blackstone to invest $8.2 billion in data centres in northeastern Spain
MADRID (Reuters) – Blackstone, the world’s largest alternative asset manager, plans to invest 7.5 billion euros ($8..
News
Prospering in Economic Uncertainty: A Strategic Guide for Entrepreneurs
In times of economic uncertainty, rising inflation, and financial instability, entrepreneurs need to embrace strategies that promote r..
Business
Spain 12-month EU-harmonised inflation falls to 1.7% in September
(Reuters) – Spain’s European Union-harmonised 12-month inflation fell to 1.7% in September, down from 2.4% in the p..
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Adobe starts roll-out of AI video tools, challenging OpenAI and Meta
(Reuters) – Adobe on Monday said it has started publicly distributing an AI model that can generate video from text promp..
News
US tech firms to invest $8.2 billion in UK data centres
LONDON (Reuters) – Britain said on Monday that U.S. firms ServiceNow, CyrusOne, CloudHQ and CoreWeave would invest a comb..
Finance
Tesla’s sporty, two-seater robotaxi design puzzles experts
By Abhirup Roy and Chris Kirkham SAN FRANCISCO (Reuters) -Tesla’s reveal of a robotaxi designed as a low-slung, two-seate..
Digital
Hungary seeks housing boost from pensions ahead of 2026 election
By Gergely Szakacs BUDAPEST (Reuters) -Hungary’s economy ministry proposed on Monday that savings in private pension acco..
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Sterling dips as investors look to UK jobs, inflation reports this week
By Medha Singh LONDON (Reuters) – The pound held near a one-month low against the dollar on Monday ahead of wage growth a..
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Exclusive-Ericsson gets new 5G contract from India’s Bharti Airtel, sources say
By Supantha Mukherjee STOCKHOLM (Reuters) -Swedish telecom gear maker Ericsson has received a new multi-billion dollar contract..
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Stellantis’ CEO declines to rule out job cuts in challenging market
PARIS (Reuters) – Stellantis CEO Carlos Tavares on Monday declined to rule out job cuts and said keeping up with Chinese ..
News
Inside China’s bid to build sway over global metals pricing
By Pratima Desai and Siyi Liu LONDON/SINGAPORE (Reuters) – China is locking in steps to shape the pricing of the vast qua..
News
Geopolitics dents big UK businesses’ optimism, Deloitte says
By Andy Bruce (Reuters) – Optimism in large British companies softened ahead of the new Labour government’s first a..
Business
Athletics-Kenya’s Chepngetich smashes women’s marathon world record
(Reuters) -Kenya’s Ruth Chepngetich put on a performance for the ages as she obliterated the women’s marathon world..
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