Euribor revamp aims to attract wider pool of banks
By Marc Jones and Huw Jones LONDON (Reuters) – Administrators of the Euribor bank-to-bank lending rate are proposing a revamp o..
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HP forecasts 2024 profit in line with estimates, boosts annual dividend
(Reuters) -HP Inc on Tuesday forecast fiscal 2024 earnings largely in line with estimates and raised its annual dividend, reflecting s..
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Exclusive-EU push for Big Tech to fund 5G rollout shelved to 2025, sources say
BRUSSELS (Reuters) -Europe’s telecoms operators pushing for Big Tech to help pay for the rollout of 5G and broadband will likely..
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Court OKs Mallinckrodt restructuring, $1 billion cut to opioid settlement
(Reuters) -Drugmaker Mallinckrodt on Tuesday won court approval for a bankruptcy plan that cuts $1 billion from what it must pay opioi..
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Estonia launches investigation into underwater communications cable malfunction -PM
(Reuters) – Estonia has launched an investigation into the malfunction of communications cable connecting it to Finland under t..
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IMF says global economy ‘limping along’, cuts growth forecast for China, euro zone
MARRAKECH, Morocco (Reuters) -The International Monetary Fund on Tuesday cut its growth forecasts for China and the euro zone and said..
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Ireland lays out plans for 100 billion euro sovereign wealth fund
By Padraic Halpin and Graham Fahy DUBLIN (Reuters) -Ireland laid out plans in Tuesday’s budget to turn some of the healthiest p..
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Soccer-UK and Ireland to host Euro 2028, Italy and Turkey get Euro 2032
NYON, Switzerland(Reuters) -The United Kingdom and Ireland will host the 2028 European Championship, while Italy and Turkey will sta..
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How is technology changing the world today
Technology, in its broadest sense, refers to the application of scientific knowledge for practical purposes. It encompasses a wide ..
Innovation
Bank of England to review how it stress tests banks
LONDON (Reuters) – Britain’s banking system is well capitalised to withstand shocks the Bank of England said on Tuesday, a..
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IMF says ‘weak tail’ of banks could struggle in an economic downturn
By Pete Schroeder and Elisa Martinuzzi WASHINGTON (Reuters) -Around 5% of banks globally are vulnerable to stress if central bank int..
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How Vulnerable Tech Jobs Are During an Economic Downturn
Fears of an imminent economic downturn have made things extremely challenging for technology workers in 2023. During the first month ..
Business
Dollar stalls as dovish Fed and China hopes help euro
LONDON/SINGAPORE (Reuters) – The dollar stalled and the euro ticked up on Tuesday as investors reacted to a sharp drop in U.S. b..
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Bank of England warns that some global asset valuations appear stretched
LONDON (Reuters) -The Bank of England said on Tuesday that valuations for some financial assets may be too high, particularly for U.S...
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Imperative for Italy to control public spending, economy minister says
By Giuseppe Fonte ROME (Reuters) – Italy’s economy minister said on Tuesday strict control of public spending was essenti..
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How can RTLS benefit logistics and warehouses?
Do you still depend on the artificial statistics of commodities, assets, and people? Are you feeling labour-consuming and time-consum..
Business
Exclusive-Ukraine sounds out bondholders on debt restructuring, new financing -sources
By Karin Strohecker and Jorgelina do Rosario LONDON (Reuters) -Ukraine has been sounding out major investors over plans to restructur..
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Dollar gains against euro in flight to safety on Israel-Palestinian fighting
NEW YORK/LONDON (Reuters) – The safe-haven dollar rose on Monday against the euro and sterling as military clashes between Israe..
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Renewables funds see record outflows as rising rates, costs hit shares
BENGALURU/LONDON (Reuters) – Investors ditched renewable energy funds at the fastest rate on record in the three months to end-S..
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Investors on guard for oil price spike as Middle East turmoil rattles markets
(Reuters) -Fears of a widening conflict in the Middle East are threatening more volatility for investors after a painful stretch in U...
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GSK signs shingles vaccine deal with China’s Zhifei for around $3 billion
By Maggie Fick and Andrew Silver LONDON/SHANGHAI (Reuters) – China’s largest vaccines company Zhifei will pay British dru..
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UK’s FTSE 100 outperforms peers as oil majors jump on Middle East conflict
(Reuters) -The commodity-heavy FTSE 100 was subdued on Monday, but outpaced its peers in Europe and the U.S., as oil majors rallied on..
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Oil, gold jump, stocks slip on Middle East conflict
By Caroline Valetkevitch NEW YORK (Reuters) -Oil prices jumped more than 4%, the U.S. dollar edged up against the euro and global sto..
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European stocks slip amid Middle East conflict jitters
By Sruthi Shankar, Shristi Achar A and Siddarth S (Reuters) – European stocks came under pressure on Monday as Mideast military..
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Apollo, JB Capital preparing bid for Vodafone’s Spanish unit, Expansion says
MADRID (Reuters) – U.S.-based buyout fund Apollo Global Management is readying a bid with local fund JB Capital for the Spanish ..
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Weight-loss drugs fuel boom for firms that fill syringes
By Maggie Fick LONDON (Reuters) – Contract drug manufacturers seeking to tap into the booming market for weight-loss drugs are ..
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Progress in reforming development banks ‘quite limited,’ new tool shows
By Andrea Shalal MARRAKECH, Morocco (Reuters) – A new tool launched on Monday to track reforms by the World Bank and the five b..
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Oil prices jump as Middle East violence rattles markets
By Andrew Hayley BEIJING (Reuters) -Oil prices were up more than $3 a barrel in Asian trade on Monday as military clashes between Isr..
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Bristol-Myers Squibb to acquire Mirati in up to $5.8 billion deal
(Reuters) -Bristol-Myers Squibb on Sunday said it will acquire cancer drugmaker Mirati Therapeutics for up to $5.8 billion, diversifyi..
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‘Get Britain building again’, UK’s Labour sets out growth plan
Andrew MacAskillLIVERPOOL, England (Reuters) – Britain’s opposition Labour Party will promise on Monday to get the country..
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UK bank regulator still pressing for Metro plan by Monday – source
By Elisa Martinuzzi, Pablo Mayo Cerqueiro and Iain Withers LONDON (Reuters) -Britain’s Prudential Regulation Authority (PRA) is..
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Explainer-Paris freaks out over bedbugs ahead of Olympic Games
PARIS (Reuters) – The French government is battling to contain a bout of nationwide panic over bedbugs in Paris just nine months..
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Blow-out U.S. jobs growth buoys dollar, hits stocks and bonds
NEW YORK/LONDON (Reuters) -A blowout U.S. jobs report on Friday sent the dollar higher and cast a pall over stocks and bonds as the da..
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US dollar set for 12th weekly gain after blowout jobs number
NEW YORK (Reuters) – The dollar gained on Friday, headed for a 12th straight week of gains, after a blockbuster U.S. jobs report..
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European stocks hits third-straight weekly loss as yields surge
(Reuters) -European shares advanced at the end of a turbulent week tracking Wall Street gains, but hit weekly losses, while a hotter-t..
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EU leaders resolve to boost economic security amid global tension
GRANADA, Spain (Reuters) – European Union leaders resolved on Friday to strengthen the bloc’s competitiveness, be at the..
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Analysis-Is the US strategy of engaging China working?
WASHINGTON (Reuters) – Early in the Biden administration, U.S. Secretary of State Antony Blinken vowed that the United States wo..
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