Startup e-commerce platform Temu expands to Europe
By Casey Hall SHANGHAI (Reuters) – Ultra low-cost e-commerce platform Temu, owned by PDD Holdings has started selling to Europe..
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Beiersdorf benefits from bump in Nivea sales
(Reuters) -Beiersdorf’s Nivea brand recorded 18% sales growth in the first quarter of 2023 thanks to price hikes, the German fir..
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Puma expects Q2 sales growth below full-year target
(Reuters) – German sportswear maker Puma on Wednesday said it expected second-quarter sales to grow at a low- to mid-single-dig..
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Creating digital workplaces with IT, AI and IoT
Due to the many advances and new developments in technology, the way in which businesses are communicating is changing. Technology hol..
Digital
The trajectory of banking – How the different generations are driving the changes in banking
By Philipp Buschmann, CEO and Co-founder of AAZZUR We are living in very exciting times, the huge advancements in techno..
Finance
AI Decision solutions rely on clean and trusted data
In the face of global, economic and political instability businesses leaders are under pressure to make fast, data-backed and actionab..
Digital
How Bing’s integration of ChatGPT can revolutionise advertising
By Matt Hallett, Head of Product Solutions, Amperity Microsoft created quite the buzz in the ad tech industry rec..
Digital
Mercedes-Benz launches E-Class, its last new combustion engine model
BERLIN (Reuters) – Mercedes-Benz on Tuesday launched its last new combustion engine model – the next generation of the E-C..
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Spotify’s monthly active users top 500 million, beat estimate
STOCKHOLM (Reuters) -Spotify Technology SA has crossed the half billion mark for monthly active users for the first time, helped by th..
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Kremlin remains downbeat on state of Black Sea grain deal
(Reuters) – The Kremlin reaffirmed its position on Tuesday that the Black Sea grain deal is not working for Moscow, a day after..
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BoE’s Broadbent says QE not to blame for surge in inflation
LONDON (Reuters) -Bank of England (BoE) Deputy Governor Ben Broadbent said central banks should not ignore measures of money supply b..
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Anglo American’s first-quarter copper output rises 28%
LONDON (Reuters) -Anglo American’s overall first-quarter production rose 9% from a year earlier, helped by a 28% jump in copper ..
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KitKat sweetens Nestle sales with Easter, Valentine’s Day comeback
LONDON (Reuters) – In a quarter that saw Nestle’s overall sales volumes dip, the KitKat maker’s candy business was a..
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More banks join European instant payments pilot from end 2023
STOCKHOLM (Reuters) -Spotify Technology SA has crossed the half billion mark for monthly active users for the first time, helped by th..
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Recruiter Randstad beats Q1 earnings estimates despite hiring slowdown
(Reuters) -Dutch recruitment firm Randstad reported better-than-expected first-quarter core earnings on Tuesday, despite a slowdown in..
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ABB dispels industrial gloom to raise full-year outlook
By John Revill ZURICH (Reuters) -ABB Ltd raised its full-year outlook for sales and profit outlook on Tuesday after the Swiss enginee..
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Tiffany, now owned by LVMH, reopens on a Fifth Avenue in flux
NEW YORK (Reuters) – The splashy reopening of Tiffany & Co’s flagship store on the corner of Fifth Avenue and East 57th Stre..
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AI + Sensors + Robotics = Cobot
By Laurence Weir, Head of Medical & Healthcare at Plextek examines our future lives with robots I am turning ..
Digital
The power of AI in healthcare
By Kirsty Biddiscombe, UK Head for AI, ML & Analytics at NetApp Artificial intelligence (AI) adoption is on the rise..
Digital
Oil prices steady on uncertain global outlook and supply concerns
LONDON (Reuters) – Oil prices were steady on Monday as concern over rising interest rates, the global economy and the outlook fo..
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Britain sets up $125 million taskforce to drive AI
LONDON (Reuters) – Britain on Monday announced 100 million pounds ($124.5 million) in initial funding for a taskforce to help de..
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Climate change fight a ‘core duty’ for central banks – ECB’s Villeroy
LONDON (Reuters) – France’s central bank governor François Villeroy de Galhau has pushed back against criticism of central..
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German economy likely grew in Q1, beating expectations – Bundesbank
FRANKFURT (Reuters) – The German economy is likely to have expanded in the last quarter on a rebound in industrial production, t..
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Bitcoin could hit $100,000 by end-2024, Standard Chartered says
LONDON (Reuters) – Top cryptocurrency bitcoin could reach $100,000 by the end of 2024, Standard Chartered said on Monday, saying..
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Factbox-Europe’s ongoing strike-related travel disruptions
(Reuters) – Strikes in Europe could disrupt travel into the summer, as passengers numbers globally recover to pre-pandemic leve..
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PIRC recommends vote for BP climate activist resolution
LONDON (Reuters) – Investor advisory firm PIRC on Monday recommended that BP shareholders vote against the company’s chair..
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Credit squeeze ‘biggest threat’ to economic outlook, Fidelity International says
PARIS (Reuters) – The biggest threat to the economic outlook is a credit squeeze that has not finished filtering through the fin..
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Dollar heads for first weekly gain since February
LONDON (Reuters) – The dollar headed for its first weekly gain in nearly two months on Friday as investors raised their bets tha..
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Norway sovereign fund backs Teck Resources in battle with Glencore
OSLO (Reuters) -Norway’s sovereign wealth fund, one of the world’s largest investors, said on Friday it will support a pl..
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MG Motor launches plug-in hybrid option in Mexico as EV race heats up
By Kylie Madry MEXICO CITY (Reuters) – MG Motor is launching a plug-in hybrid SUV in Mexico, the carmaker said on Thursday, as ..
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Marketmind: Purchasing managers of the world, diverge
A look at the day ahead in European and global markets from Tom Westbrook A month-long risky-asset rally, in the absence of any furthe..
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German govt to slightly raise 2023 GDP forecast – sources
German govt to slightly raise 2023 GDP forecast – sources By Holger Hansen BERLIN (Reuters) -The German government is set to sli..
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Siemens Energy signs 7-billion-eur offshore power deal with TenneT
BERLIN (Reuters) – Siemens Energy has won contracts worth almost 7 billion euros ($7.68 billion) as part of a consortium with Sp..
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IKEA plans new U.S. stores in $2.2 billion push to challenge Walmart and Wayfair
By Helen Reid LONDON (Reuters) – IKEA stores owner Ingka Group will spend 2 billion euros ($2.2 billion) expanding in the Unite..
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PGE signs wind turbine supply deal for Baltica 2
GDANSK (Reuters) – Poland’s biggest utility PGE said on Thursday a unit of the company had signed a deal with Siemens Game..
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Investors warn big consumer firms over price hikes as competitors gain
LONDON/NEW YORK (Reuters) – Consumer goods companies like P&G, Unilever and Nestle should start easing price increases as su..
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GSK-spinoff Haleon forecasts 2023 organic revenue growth at top-end of view
(Reuters) – Consumer healthcare group Haleon expects 2023 organic revenue growth towards the upper end of its 4%-6% forecast, it..
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