Exclusive-African countries eye world’s first joint ‘debt-for-nature’ swap
LONDON (Reuters) – At least five African countries are working on what could be the world’s first joint “debt..
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UK’s FTSE 100 closes slightly up as falling energy shares offset China-driven rally
By Lisa Pauline Mattackal and Shashwat Chauhan (Reuters) -UK’s FTSE 100 closed up on Thursday, though lagging its Europea..
News
Europe’s STOXX 600 clocks all-time closing high on China stimulus boost
By Pranav Kashyap and Shashwat Chauhan (Reuters) -European shares jumped on Thursday, with China-exposed stocks such as luxury and min..
Finance
Stocks rise to records with Micron rally; oil prices slide
By Caroline Valetkevitch NEW YORK (Reuters) -A widely followed global stock index and the S&P 500 hit record highs on Thursday aft..
Investment
Exclusive-Ubisoft activist investor says it has support of 10% of shareholders in management tussle
By Zaheer Kachwala (Reuters) – An activist investor pushing for a sale of “Assassin’s Creed” maker Ubis..
News
Discounter Pepco’s sales hurt by supply chain disruption
By James Davey LONDON (Reuters) -European discount retailer Pepco Group said its fourth-quarter underlying revenue was lower th..
Business
Dollar firm following sharp rebound as Fed speakers eyed
By Kevin Buckland TOKYO (Reuters) – The dollar held firm on Thursday following its sharpest rally since early June as tra..
News
Polish fashion retailer LPP confirms annual revenue goal of up to $5.5 billion
GDANSK (Reuters) – Poland’s largest apparel retailer LPP confirmed its full-year revenue target of 20-21 billion zl..
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UniCredit starts process to bring life insurance business in house
MILAN (Reuters) – UniCredit has told Allianz and CNP Assurances that it will buy their stakes in the life insurance joint..
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European shares end marginally lower as energy stocks drop
By Pranav Kashyap and Shashwat Chauhan (Reuters) -Europe’s STOXX 600 closed slightly lower on Wednesday as energy stocks ..
News
Meta shows off prototype augmented-reality glasses at Connect event
By Katie Paul MENLO PARK, California (Reuters) -Facebook owner Meta Platforms showed off its first working prototype of augmented-re..
Companies
Switching off is hard to do – 29% hatch work plans on holiday
YouGov survey for Purbeck Insurance Services September 2024: As the summer holidays come to an end, a new survey of work-age adults a..
Business
Fonterra’s annual profit falls 25%; shares rise on dividend declaration
By Rajasik Mukherjee (Reuters) -New Zealand’s Fonterra posted a 25% drop in its fiscal 2024 profit on Wednesday, hurt by ..
News
Soccer-‘I thought it was AI,’ says Wimbledon director of flooding images at stadium
(Reuters) – AFC Wimbledon’s managing director thought he was looking at AI-created images when he saw pictures of f..
News
Solvay to cut 68 jobs in Salindres site throughout 2025
(Reuters) – Belgian chemicals group Solvay announced on Tuesday plans to enter into talks with labour unions to cease pro..
News
ECB started issuing fine notices to banks not meeting climate expectations
NEW YORK (Reuters) – The European Central Bank has started issuing fine notices to lenders not meeting its long-defined e..
News
Spotify expands AI Playlist feature to new markets including US, Canada
(Reuters) – Spotify is expanding its tool that helps create playlists using generative artificial intelligence for premiu..
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UK employers give joint-lowest pay rises since June 2022, Brightmine says
LONDON (Reuters) – British employers gave staff the joint-lowest pay rises since June 2022 in the three months to the end..
News
TUI confirms guidance after strong summer season, shares rise
By Andrey Sychev (Reuters) -Europe’s biggest tour operator TUI on Tuesday confirmed its annual guidance and mid-term targ..
News
China stimulus pushes global shares to new peak, boosts commodities
By Ankur Banerjee and Sruthi Shankar SINGAPORE/LONDON (Reuters) – World stocks hit a record high on Tuesday after China u..
News
Miniso shares slump on plans to buy stake in Yonghui Superstores
HONG KONG (Reuters) -Shares of Miniso Group Holding plunged as much as 39.2% to HK$20 ($2.57) on Tuesday after the company said..
News
Unilever CEO looking for first-ever global plastics treaty with “teeth”
By Jessica DiNapoli NEW YORK (Reuters) – Unilever CEO Hein Schumacher hopes to see a global plastics treaty that “h..
News
Qualcomm’s potential Intel buyout could raise antitrust, foundry concerns
By Aditya Soni and Yuvraj Malik (Reuters) -A potential deal to buy Intel could accelerate Qualcomm’s diversification but ..
News
Northvolt to axe 1,600 jobs as Europe’s EV hopes stall
By Marie Mannes STOCKHOLM (Reuters) – Northvolt plans to cut 1,600 jobs at its base in Sweden, or about a fifth of its gl..
Finance
Almost 30,000 suspected mpox cases in Africa this year, WHO says
LONDON (Reuters) – Nearly 30,000 suspected mpox cases have been reported in Africa so far this year, most of them in Demo..
News
Sterling at two-year peak versus euro after PMI data
(Reuters) – Sterling dipped against the dollar on Monday but touched a new two-year high versus the euro as business acti..
News
European shares edge higher as traders brace for data-packed week
By Pranav Kashyap (Reuters) -European shares edged higher on Monday, though gains were capped by caution as investors tread car..
News
Siemens to carve out EV charging business
BERLIN (Reuters) – Siemens plans to carve out its electric vehicle (EV) charging business, Siemens eMobility, to open opp..
News
Oil climbs on Middle East escalation fears, US Fed rate cut
By Gabrielle Ng and Emily Chow SINGAPORE (Reuters) -Oil prices rose on Monday, buoyed by concerns that heightened conflict in t..
News
Green Heat ‘Beneath Our Feet’: Sweden’s Blue Purpose Drives Sustainability
LONDON, UK. September 19th, 2024 – As the world grapples with climate change and the need for sustainable energy solutions, ther..
Investment
BNP Paribas signs deal to buy HSBC private banking unit in Germany
PARIS (Reuters) -BNP Paribas <BNPP.PA> has signed a deal to buy HSBC’s private banking unit in Germany as it contin..
Business
Novo Nordisk faces US congressional grilling over price of weight loss drugs, FT reports
(Reuters) – Novo Nordisk’s chief executive is preparing for a showdown next week with U.S. Senator Bernie Sanders o..
News
Asia stocks, Wall St futures edge up; China trims repo rate
By Wayne Cole SYDNEY (Reuters) -Asian stocks firmed on Monday ahead of central bank meetings that are widely expected to delive..
News
CMA CGM agrees to buy 48% of Santos Brasil for $1.2 billion, will launch takeover bid
SAO PAULO (Reuters) – French shipping giant CMA CGM agreed to buy 47.6% of port terminal operator Santos Brasil for 6.3 b..
News
Bitcoin jumps while Japan holiday dulls most currencies
SINGAPORE (Reuters) – Bitcoin was the notable mover as it reached for one-month highs on Monday, sustaining its rally aft..
Finance
Analysis-SocGen’s CEO Krupa tightens screws on costs as bank’s turnaround plan falls flat
By Mathieu Rosemain PARIS (Reuters) – Societe Generale’s CEO Slawomir Krupa is set to turn the screws further on costs a..
News
Nike veteran Hill to replace Donahoe as CEO; shares jump
By Juveria Tabassum, Nicholas P. Brown (Reuters) -Nike said on Thursday that former senior executive Elliott Hill will rejoin the comp..
Business