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..
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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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Dollar gains on yen, Bitcoin slides after SEC hack
NEW YORK (Reuters) – The dollar gained on the yen but edged lower against the euro on Wednesday as investors waited on U.S. in..
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Factbox-How companies are responding to attacks on ships in the Red Sea
(Reuters) -Attacks on vessels by Iranian-backed Houthi militants in Yemen have disrupted international commerce on the shortest shippi..
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Yields rise, stocks dip as rate cut path remains in focus
SYDNEY/LONDON (Reuters) -Government bond yields rose and shares dipped a touch on Tuesday, as markets reduced their bets on central ba..
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Factbox-How companies are responding to attacks on ships in the Red Sea
(Reuters) -Attacks on vessels by Iranian-backed Houthi militants in Yemen have disrupted international commerce on the shortest shippi..
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German industrial output drops unexpectedly in November
(Reuters) -German industrial production unexpectedly fell in November, the federal statistics office said on Tuesday, marking the sixt..
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World Bank forecasts 2024 global growth to slow for third consecutive year
WASHINGTON (Reuters) – The World Bank warned on Tuesday that global growth in 2024 is set to slow for a third year in a row, p..
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Hungary takes aim at ‘shrinkflation’ with mandatory price warnings
BUDAPEST (Reuters) – Hungary’s government will require large food retailers from March to display price warnings on produc..
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Factbox-What airlines, regulators are doing about Boeing 737 MAX 9 jets
LONDON (Reuters) – The latest setback for Boeing’s top-selling 737 MAX aircraft occurred on Friday when a panel blew off a..
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Wall Street futures flat, global stocks stumble, oil slides as inflation, earnings loom large
By Nell Mackenzie and Natalie Grover LONDON (Reuters) – Wall Street futures were flat while global shares remained red on Monda..
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Factbox-German cabinet approves savings plans for 2024 budget
BERLIN (Reuters) – The German government approved further savings plans on Monday to ease the burden on the 2024 budget, a gover..
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Poland orders to halt logging in 10 oldest forest areas
WARSAW (Reuters) – The Polish government ordered a state-run company that manages more than 7 million hectares of the country..
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No money? Next UK government’s budget is hostage to economy
LONDON (Reuters) – Britain’s next government will have little room to cut taxes or increase spending – at least acco..
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Dollar edges lower, traders focus on data for Fed clues
NEW YORK (Reuters) – The dollar dipped against the euro and yen on Monday as investors continued to digest last week’s m..
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Stocks, bond prices ease in see-saw session as investors mull ‘soft landing’
NEW YORK/LONDON (Reuters) -Bond prices and a gauge of global equity performance eased in choppy trading on Friday after a surprisingly..
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Euro zone inflation jump cools case for ECB rate cuts
By Balazs Koranyi FRANKFURT (Reuters) -Euro zone inflation jumped as expected last month, supporting the European Central Bank’s ca..
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Shipping stocks rise, biggest gainers in Europe at start of 2024
By Samuel Indyk LONDON (Reuters) – Shipping companies have been the best performing stocks in Europe since the start of 2024, a..
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Spanish regions reintroduce mask wearing in medical centres amid flu spike
MADRID (Reuters) – Five Spanish regions have announced the reintroduction of rules making the use of face masks compulsory in h..
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Walgreens slashes dividend even as Q1 profit beats estimates
(Reuters) -U.S. pharmacy chain Walgreens Boots Alliance on Thursday nearly halved its dividend to save more money, even as the company..
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German travel industry expects higher revenues, fewer travellers in 2024
(Reuters) – Sustained demand will boost revenues for the German travel industry this year, but the number of travellers is like..
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German inflation rises in December due to base effects
BERLIN (Reuters) -German inflation rose in December due to base effects, putting a temporary halt on the downward trend seen in the la..
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Italy to put Africa development, AI at heart of its G7 presidency
ROME (Reuters) – Supporting African development and tackling the dangers posed by artificial intelligence (AI) will be two key t..
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Euro zone business activity shrank again in Dec, pointing to recession -PMI
BENGALURU (Reuters) – The contraction in euro zone business activity continued at the end of 2023 due to a persistent downturn i..
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French inflation rises 4.1% in December, as expected
PARIS (Reuters) -French consumer prices rose in December in line with expectations, preliminary data from the national statistics b..
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Generative AI’s wild 2023
(Reuters) – ChatGPT was well on its way to becoming a household name even before 2023 kicked off. Just weeks after the Nov. 30..
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Tesla delivers record Q4 cars, but China’s BYD steals top EV spot
By Akash Sriram (Reuters) -Tesla delivered a record number of electric vehicles in the fourth quarter, beating market estimates and m..
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Renewable energy’s share on German power grids reaches 55% in 2023
FRANKFURT (Reuters) -The share of renewables on Germany’s power grids rose by 6.6 percentage points to 55% of the total last yea..
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Oil prices gain 3% on supply concerns after oilfield shutdown in Libya
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 3% on Wednesday after a disruption at Libya’s top oilfield added..
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Japan quake toll rises to 55 with many trapped under possibly thousands of homes
By Kiyoshi Takenaka, Sakura Murakami and Kantaro Komiya WAJIMA, Japan (Reuters) – A powerful earthquake that hit Japan on New Y..
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Oil prices settle down 3% as Red Sea shipping disruptions ease
BENGALURU (Reuters) -Oil prices fell 3% on Thursday as more shipping companies said they were ready to transit the Red Sea route, easi..
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Red Sea shipping workarounds add costs, delays for suppliers, retailers
By Lisa Baertlein LOS ANGELES (Reuters) -Toymaker Basic Fun’s team that oversees ocean shipments of Tonka trucks and Care Bears..
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Dollar hits 5-mth low against euro as Fed seen closer to rate cuts
By Karen Brettell NEW YORK (Reuters) -The dollar slipped to a five-month low against the euro and a basket of currencies on Wednesday..
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Royal Bank of Canada gets nod for $10 billion purchase of HSBC unit
(Reuters) – Canada on Thursday approved Royal Bank of Canada’s C$13.5 billion dollars ($10.2 billion) acquisition of HSBC&..
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EU to extend emergency gas price cap for another year
BRUSSELS (Reuters) – The European Union is set to extend its emergency cap on gas prices for another 12 months to serve as a s..
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Steady hearts, steady hands as Vatican experts restore masterpieces
VATICAN CITY (Reuters) – Whenever Alessandra Zarelli, a restorer at the Vatican Museums, works on a masterpiece by an artist suc..
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Bank of Spain trims growth outlook for 2024, 2025
By Jesús Aguado MADRID (Reuters) -The Bank of Spain on Tuesday lowered the country’s economic growth outlook for 2024 and 202..
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