Volvo Cars sees ‘tremendous growth’ in EVs, CEO says
Volvo Cars sees ‘tremendous growth’ in EVs, CEO says By Divya Chowdhury and Savio Shetty DAVOS, Switzerland (Reuters) -Vol..
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Lindt’s pralines sweeten 2023 sales despite cocoa costs
(Reuters) -Swiss chocolate maker Lindt & Spruengli reported a 10.3% rise in 2023 organic sales on Tuesday, as the post-COVID recov..
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Wall St dips, dollar, US yields rise on rate outlook jitters
By Stephen Culp NEW YORK (Reuters) – U.S. stocks edged lower while the dollar gathered strength as the World Economic Forum in ..
Investment
Tech layoffs continue after ‘Year of Efficiency’
Tech layoffs continue after ‘Year of Efficiency’ By Aditya Soni and Chavi Mehta (Reuters) – Big Tech’s “..
Industries
Poland plans to set end date for coal power
By Kate Abnett BRUSSELS (Reuters) – Poland plans to set an end date for coal-fuelled power, the country’s Secretary of St..
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As Davos crowd gathers, governments urged to rein in ‘billionaire class’
By Mark John (Reuters) – The combined fortunes of the world’s five richest men have more than doubled to $869 billion sin..
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Iceland volcano recedes after ‘black day’ of town fires
REYKJAVIK (Reuters) – A volcano that erupted in southwest Iceland for the second time in less than a month appeared to be signi..
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Red Sea trade disruption hits energy sector after strikes on Houthis
By Andrew Mills and Robert Harvey DOHA/LONDON (Reuters) -Qatar suspended liquefied natural gas (LNG) shipments via the Red Sea and si..
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Dollar little changed on MLK Day, sterling slides in risk-off trading
LONDON (Reuters) -The dollar was little changed on Monday in cautious during a U.S. public holiday, while risk-sensitive sterling sl..
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There’s no more money, German minister tells rowdy farmers
BERLIN (Reuters) – Germany’s Finance Minister Christian Lindner took to thestage on Monday in front of thousands of jeerin..
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German economy dodges recession despite shrinking 0.3% in 2023
BERLIN (Reuters) -The German economy contracted in 2023, due to persistent inflation, high energy prices and weak foreign demand, but ..
News
Microsoft topples Apple to become global market cap leader
(Reuters) – Microsoft has eclipsed Apple to become the world’s largest company by market capitalization, driven by its dee..
Business
Navigating the Next Era: 2024 Industrial Telecommunications Strategies
By Andrew Martin, Head of Product Management at Rajant Corporation Andrew Martin In the rapidly evolving realm of industr..
Innovation
US bank profits fall in choppy quarter marked by special charges, falling lending margins
WASHINGTON (Reuters) -Major U.S. bank profits fell on Friday in a choppy fourth quarter complicated by special charges and job cuts, w..
News
Exclusive-EU investigators to inspect China’s BYD, Geely and SAIC in EV probe – source
SHANGHAI/BRUSSELS (Reuters) -European Commission investigators are to inspect Chinese automakers in the coming weeks as part of a pro..
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US scientists say one-in-three chance 2024 another year of record heat
By Gloria Dickie TORONTO (Reuters) – This year has a one-in-three chance of being even hotter than 2023, which was already th..
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Oil rises 2% as some tankers avoid Red Sea after strikes
By Arathy Somasekhar HOUSTON (Reuters) -Oil climbed more than 2% on Friday, as some oil tankers diverted course from the Red Sea foll..
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JPMorgan’s annual profit surges to record even as Q4 net income dips
By Niket Nishant and Nupur Anand (Reuters) -JPMorgan Chase reported its best-ever annual profit and forecast higher-than-expected i..
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UK could beat US and euro zone to sub-2% inflation – Capital
LONDON (Reuters) – Britain, which has had the strongest inflation among the world’s big rich economies for much of the pas..
News
Oil gains after US, UK strike on Houthis; U.S. yields ease after PPI
NEW YORK (Reuters) -Oil prices jumped more than 2% as some oil tankers diverted course from the Red Sea after overnight strikes by the..
News
US FAA to boost oversight of Boeing, sees more manufacturing issues
WASHINGTON (Reuters) -The U.S. Federal Aviation Administration said on Friday it will intensify oversight of Boeing after a panel brok..
News
Dollar dips after soft US inflation data, Aussie, New Zealand dollars outperform
NEW YORK (Reuters) – The dollar index gave up earlier gains and higher beta currencies, including the New Zealand and Australi..
News
St Peter’s centrepiece to get makeover in time for 2025 Holy Year
VATICAN CITY (Reuters) – A giant bronze canopy at the centre of St Peter’s Basilica will get its first major makeover in m..
News
Tesco raises profit outlook again after strong Christmas sales
LONDON (Reuters) -Tesco, Britain’s biggest retailer, upgraded its profit outlook for the second time in four months as it report..
News
EU lawmakers consider stronger plastic pollution law after spill hits Spain
By Kate Abnett BRUSSELS (Reuters) – Some European Union lawmakers are pushing to strengthen a planned law on microplastics poll..
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UK to make Big Tech give rivals access to data under new plans
LONDON (Reuters) – Britain’s competition regulator plans to make big tech companies give their rivals greater access to d..
News
UK sees 39% jump in households failing to pay energy bills
By David Milliken LONDON (Reuters) – The number of British households who failed to pay their energy bills last month was 39% h..
News
M&S claims Christmas crown as food and clothing sales beat forecasts
By Paul Sandle LONDON (Reuters) -British retailer Marks & Spencer on Thursday reported a better-than-expected 8.1% rise in sales ..
News
Festive Bakes and lattes deliver Christmas cheer for UK’s Greggs
LONDON (Reuters) – Britain’s Greggs said strong demand for its Festive Bakes, Christmas lunch baguettes and salted caramel..
News
Danone must face Evian water ‘carbon neutral’ lawsuit
By Jonathan Stempel (Reuters) – A judge in New York ruled on Wednesday that Danone must face a lawsuit challenging its “c..
News
Japan stocks hit 34-year high, markets calm before US inflation data
LONDON/SINGAPORE (Reuters) -Japanese stocks hit a 34-year high on Wednesday while global equities, the dollar and bonds held steady ah..
News
Share of Russian aluminium in LME warehouses rises to 90% after UK curbs
LONDON (Reuters) -The share of available aluminium stocks of Russian origin in London Metal Exchange-approved (LME) warehouses rose to..
News
Explainer-A year of political challenges for Germany
By Sarah Marsh BERLIN (Reuters) – German politics has had an unruly start to the year, with farmer protests rattling the govern..
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Madrid museum welcomes ruling it can keep painting looted by Nazis
MADRID (Reuters) – One of Spain’s top museums welcomed a U.S. court decision allowing it to keep a French impressionist pa..
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Sainsbury’s bumper Christmas for food offset by weakness elsewhere
LONDON (Reuters) -Strong demand for luxury foods like dry cured gammon, steamed buns and chocolate desserts helped Sainsbury’s o..
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BMW retools Munich headquarters for all-electric production from 2027
BERLIN (Reuters) -BMW is investing 650 million euros ($711 million) to convert its main plant in Munich to exclusively produce EVs fr..
News
Euro zone economy bottoming out, but outlook weak, ECB policymakers say
FRANKFURT (Reuters) -The euro zone may have been in recession last quarter and prospects in the near term remain weak, European Centra..
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