Explainer-Why are British lender Metro Bank’s shares plunging?
LONDON (Reuters) – Mid-sized British lender Metro Bank saw its shares plunge more than 25% on Thursday following reports it is t..
News
All Posts
Oil prices fall again; demand worries outweigh tight supply
HOUSTON (Reuters) -Oil prices fell about 2% on Thursday, extending the previous session’s nearly 6% losses, as an uncertain de..
News
UK to examine Amazon and Microsoft’s cloud dominance
LONDON (Reuters) -Britain’s media regulator on Thursday asked the country’s antitrust authority to investigate U.S. tech g..
News
Analysis-When, not if, Europe copies Wall Street share trading reform
LONDON (Reuters) – The European Union, Britain and Switzerland have little choice but to copy Wall Street in speeding up share t..
News
Citigroup outlines layoff process, reassignments as overhaul takes shape
By Lananh Nguyen, Saeed Azhar and Tatiana Bautzer NEW YORK (Reuters) -Citigroup managers are reviewing staff rosters to determine by ..
News
Dollar, stocks slip amid still tight U.S. labor market
NEW YORK/LONDON (Reuters) -The dollar eased and a gauge of global equities slipped on Thursday as investors grappled with U.S. unemplo..
News
Greedy beast’ of inflation not yet defeated, Bundesbank chief says
FRANKFURT (Reuters) – Euro zone inflation is falling but the fight is not yet won and the high rate of underlying price growth ..
News
AI watermarking is a lazy solution to content authentication
by Rijul Gupta, co-founder & CEO, DeepMedia In an era where our digital reality warps and contorts daily, where fact ..
Business
Pound dips after weak UK construction data, BoE survey
By Samuel Indy LONDON (Reuters) – The British pound dipped against the U.S. dollar and the euro on Thursday after data s..
News
Alstom cash flow warning wipes $3 billion off train maker’s value
(Reuters) -Alstom’s shares plunged by as much as 38% in Paris on Thursday after the French train maker slashed its full-year fr..
News
Jewellery retailer Pandora raises growth targets, shares jump
By Helen Reid LONDON (Reuters) -Jewellery retailer Pandora raised its growth targets on Thursday, saying investments in the brand and..
News
Novo Nordisk’s Wegovy bonanza looms large in Denmark
COPENHAGEN (Reuters) – The whirlwind success of weight-loss treatment Wegovy is providing a bonanza not just for its developer, ..
News
Birkenstock the latest shoe IPO to drop in a tough market
(Reuters) – Sandal company Birkenstock needs to sell more clogs and boots and boost sales from its own website and boutiques to ..
News
UK new car sales rise about 20% in September, says industry body SMMT
(Reuters) – New car sales in Britain rose roughly 20% in September from a year earlier, driven largely by an increase in registr..
News
UK PM Sunak offers billions for new links after scrapping HS2 northern leg
By Alistair Smout and Sarah Young MANCHESTER (Reuters) – British Prime Minister Rishi Sunak cancelled the northern leg of the c..
News
Europe could become energy self-sufficient in $2 trillion push – study
FRANKFURT (Reuters) – Europe could wean itself off fossil fuels and create a self-sustainable energy sector by spending around ..
News
World’s biggest bond markets steady after heavy selloff
By Alun John and Naomi Rovnick LONDON (Reuters) -A broad selloff in world government bonds on Wednesday drove up U.S. 30-year Treasur..
News
UK business downturn eases after inflation data, BoE pause – PMI
LONDON (Reuters) – British services companies suffered a less severe downturn in September than first feared, reflecting a surp..
News
Euro zone economy likely contracted in Q3 amid waning demand
By Jonathan Cable LONDON (Reuters) – The euro zone economy probably shrank last quarter, according to a survey which showed dem..
News
Global bond rout deepens before receding on relief rally
NEW YORK/LONDON (Reuters) -A rout in government bond markets deepened on Wednesday with benchmark U.S. yields hitting fresh 16-year hi..
News
ECB’s Centeno says rate cycle likely completed, inflation retreating
LISBON (Reuters) -The cycle of interest rate hikes by the European Central Bank has likely come to an end as inflation across the euro..
News
Factbox-Italy feels health sector pinch as Europe struggles post COVID-19
ROME (Reuters) – Italy’s government has warned that a shortage of doctors and nurses in the national health service repres..
News
Euro zone Aug producer prices edge up month-on-month as expected, plunge year-on-year
BRUSSELS (Reuters) – Euro zone producer prices edged higher as expected month-on-month in August and plunged year-on-year on a s..
News
Exxon Mobil to sell majority stake in Italy LNG terminal to BlackRock
HOUSTON (Reuters) – Exxon Mobil Corp chose BlackRock as the potential buyer for its majority stake in Italy’s main liquefi..
News
Central bank test lab develops global bitcoin mapping system
LONDON (Reuters) – A global central bank test lab has designed a prototype bitcoin monitoring system aimed at giving authorities..
News
Russian car sales jump in September as Chinese brands expand market share
(Reuters) – Car sales in Russia jumped by 148.6% year-on-year in September, continuing to rebound from a huge slump in 2022, an..
News
Sanofi to co-develop Teva Pharmaceutical’s Colitis, Crohn’s drug
JERUSALEM (Reuters) – Teva Pharmaceutical Industries said on Wednesday it will collaborate with French drugmaker Sanofi to co-de..
News
Britain’s SSE sees weaker half-year profit on subdued renewables output
(Reuters) -British power generator and network operator SSE Plc on Wednesday said it expects to report half-year adjusted earnings of..
News
Britain’s Tesco upgrades outlook as inflation eases
LONDON (Reuters) -Tesco, Britain’s biggest supermarket, upgraded its annual profit guidance on Wednesday as food inflation eased..
News
Spotify Premium to include free access to audiobooks in UK, Australia
(Reuters) – Spotify said on Tuesday that users of its premium services in the UK and Australia would now have 15 hours of free ..
News
UK’s Petrofac gets over $600 million carbon capture contract from ADNOC Gas
(Reuters) -UK oil services firm Petrofac said on Tuesday it got a more than $600 million contract from ADNOC Gas for the Habshan carbo..
News
Banks behind 70% jump in greenwashing incidents in 2023 -report
LONDON (Reuters) – The number of instances of greenwashing by banks and financial services companies around the world rose 70% i..
News
Countries pledge to raise $12 billion to fund coral reef protection
By David Stanway SINGAPORE (Reuters) – An alliance of nations said on Tuesday members would raise $12 billion to protect coral ..
News
UK’s Greggs shows resilience with quarterly sales rise
LONDON (Reuters) -British baker and fast food chain Greggs kept its full-year outlook as underlying sales rose in the third quarter an..
News
Rouble recovers slightly after slide past 100 vs dollar
(Reuters) -The Russian rouble weakened past the symbolic threshold of 100 to the dollar before recovering slightly in early trade on ..
News
UK shop price inflation at lowest in a year – BRC
LONDON (Reuters) – Prices in British store chains rose at the slowest pace in a year in September, according to industry data th..
News
Visa launches $100 million venture fund for generative AI startups
(Reuters) – Payments processor Visa on Monday launched a $100 million venture fund for generative artificial intelligence (AI) s..
News