ABB to launch $1 billion share buyback on April 3
ZURICH (Reuters) – ABB will launch its new $1 billion share buyback on April 3, the Swiss engineering company said on Friday, wi..
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What do Gen Y and Z want from their workplace?
By John Crossan, Vice President & General Manager of Europe The Great Resignation dominated discussions around..
Opinion
Apollo assures investors deposit flight won’t spill over to Athene
By Chibuike Oguh (Reuters) – Apollo Global Management Inc has been telling investors and analysts in the last few days that its ..
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Nestle closes French Buitoni factory hit by E.coli outbreak
PARIS (Reuters) – Swiss packaged-food giant Nestle is closing a frozen-pizza factory in northern France that saw sales fall shar..
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Philips expects to reach recall settlements this year
AMSTERDAM (Reuters) – Dutch health technology company Philips expects to reach settlements this year relating to its global reca..
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Iveco to transfer Nordic retail and commercial operations to Hedin
MILAN (Reuters) – Italian truck and bus maker Iveco Group said on Thursday it had struck a preliminary deal with Sweden’s ..
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Petrofac, Hitachi Energy receive $14 billion agreement from TenneT
(Reuters) – Petrofac Ltd said on Thursday it was awarded a 13 billion euro ($14.09 billion) framework agreement with Hitachi Ene..
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Analysis-Rate rises pile pain on SME firms in U.S. and Europe
By Chiara Elisei LONDON (Reuters) – U.S. and European small and medium-sized (SME) firms may be next to feel the pain of rapid i..
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Polish e-commerce firm Allegro eyes higher Q1 profit
By Anna Pruchnicka (Reuters) -Poland’s biggest e-commerce platform Allegro said on Thursday it expects core earnings to rise in ..
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New York catches up with London to head City’s global centres survey
By Huw Jones LONDON (Reuters) – London is no longer the clear leader among global financial centres after New York rose from sec..
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Soccer-Arsenal reach Women’s Champions League semis for first time since 2013
(Reuters) – Arsenal reached the Women’s Champions League semi-finals for the first time in 10 years after beating Bayern M..
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Ericsson’s board rebuked by shareholders at AGM for second year in a row
STOCKHOLM (Reuters) – Ericsson shareholders voted against discharging the CEO and most of the board members of liability for the..
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BoE’s Mann: Falling headline inflation, high core, make policy difficult
WASHINGTON (Reuters) – Falling energy prices will lower headline inflation towards the Bank of England’s 2% target, but pe..
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Elon Musk and others urge AI pause, citing ‘risks to society’
By Jyoti Narayan, Krystal Hu, Martin Coulter and Supantha Mukherjee (Reuters) -Elon Musk and a group of artificial intelligence expert..
Featured
What’s better than OpenAI? Developers shop for alternatives
By Krystal Hu NEW YORK (Reuters) – Microsoft-backed OpenAI is no longer the only game in town for software developers looking to..
Featured
Intercos fund shareholders L Catterton, OTPP sell 6% stake at 7% discount
MILAN (Reuters) – Private equity fund L Catterton and the Ontario Teachers’ Pension Plan (OTPP) said they had completed th..
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Factbox-Five facts about returning UBS CEO Sergio Ermotti
LONDON (Reuters) – Sergio Ermotti has been rehired as the CEO of Swiss banking giant UBS to steer its massive takeover of rival ..
News
Wizz Air loses fight against $67 million in state aid for Romanian rival
By Foo Yun Chee BRUSSELS (Reuters) – European budget carrier Wizz Air on Wednesday lost its fight against 62 million euros ($67...
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Britain’s Next sees lower clothing inflation, shares dip on cautious outlook
By James Davey LONDON (Reuters) -British fashion retailer Next reported a better-than-expected 5.7% rise in annual profit on Wednesday..
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Banking turmoil means recession fears are creeping back
(Reuters) – The failures of U.S. lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse’s rescue,..
News
Asian stocks rally as bank jitters calm, Alibaba lifts mood
By Ankur Banerjee SINGAPORE (Reuters) – Asian shares surged on Wednesday as easing concerns over the banking sector revived risk..
News
Ride-hailing app Cabify raises $110 million for expansion in LatAm, Spain
BOGOTA (Reuters) – Spanish ride-hailing app Cabify has raised $110 million in financing aimed at accelerating its growth in Lati..
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UK broadcasters to stay prominent on smart TVs and speakers
LONDON (Reuters) – On-demand services from Britain’s BBC, ITV and other public service broadcasters must remain easy to fi..
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Explainer-What are credit default swaps and why are they causing trouble for Europe’s banks?
By Amanda Cooper LONDON (Reuters) – Turbulence in Europe’s banks following the implosion of 167-year-old Credit Suisse and..
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EU approves law to end sales of new CO2-emitting cars by 2035
BRUSSELS (Reuters) – European Union countries’ energy ministers gave final approval on Tuesday to a law ending sales of ne..
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Home battery sales in Germany may surge 59% this year -study
FRANKFURT (Reuters) – German sales of batteries to store solar energy at home may jump 59% this year as more residents seek a ch..
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UK’s Bellway to buy back shares, hike social housing output
By Aby Jose Koilparambil (Reuters) -UK’s Bellway will build a bigger share of homes in its social housing programme this fiscal ..
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Stocks rise after bank sale fuels investor risk appetite
By Amanda Cooper LONDON (Reuters) -Global stocks rose and the dollar eased on Tuesday, after a deal backed by the U.S. regulator for F..
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Euro 7 emissions proposals, the sequel Europe’s carmakers don’t want to see
By Christina Amann and Marie Mannes BERLIN/STOCKHOLM (Reuters) – European carmakers are fighting back against proposed emission ..
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Nvidia shows new research on using AI to improve chip designs
By Stephen Nellis (Reuters) – Nvidia Corp, the world’s leading designer of computer chips used in creating artificial inte..
News
OneWeb-Eutelsat set for secondary London listing – The Times
(Reuters) – A combined company of London’s OneWeb and French satellite firm Eutelsat Communications SA is set to list on t..
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Amazon loses bid to throw out case by UK drivers seeking worker rights
LONDON (Reuters) -Amazon.com Inc has lost a bid to throw out three sample lawsuits brought by British delivery drivers seeking employm..
News
Five tech trends for 2023: Why businesses need to accelerate business transformation
By Andy Whitehurst, Chief Technology Officer UK, Sopra Steria We’ve emerged from the pandemic and into the “new no..
Business
Generative AI for Code
By Dr Leslie Kanthan, CEO and Co-founder at TurinTech Generative AI, as demonstrated by ChatGPT, has triggered nu..
Digital
EU seeks clarification on Italy post-COVID plan, freezes 19 billion euros
By Giuseppe Fonte and Gavin Jones ROME (Reuters) – The European Commission has frozen an overdue 19-billion-euro ($20.50 billion..
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BoE’s Bailey says rate-setters can put inflation before bank worries
By William Schomberg and Andy Bruce LONDON/MANCHESTER (Reuters) -Bank of England Governor Andrew Bailey signalled on Monday that inter..
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In renewed push, Spain to tender EU funds for EVs, batteries in July
By Joan Faus BARCELONA (Reuters) – Spain plans to launch two tenders simultaneously around July to pick the recipients of 2 bill..
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