Small business distress index hits mid-2020 high
By Chiara Elisei LONDON (Reuters) – Corporate distress among small and medium-sized enterprises (SMEs) hit its highest since mi..
News
News
Auto lobby urges Spain’s next government to commit to decarbonisation
((This July 12 story has been corrected to clarify that the forecast is for all car sales in Spain, not just EV sales, in paragraph 8)..
News
Signs ‘crypto winter’ ending as regulatory fog begins to lift
SINGAPORE (Reuters) -Cryptocurrencies were testing year highs on Friday as a run of favourable regulatory and investment moves have st..
News
Italy’s luxury groups set aside rivalries to keep it local
MILAN (Reuters) – Italy’s luxury fashion groups, which for decades jealously guarded their independence, have started team..
News
Euro zone ministers agree on gradual wind-down of spending
BRUSSELS (Reuters) – Euro zone finance ministers agreed on Thursday that the single currency area needed a “determined, gr..
News
Ericsson’s quarterly operating profit declines, beats expectations
LONDON (Reuters) – Sweden’s Ericsson reported a 62% fall in second-quarter adjusted operating profit on Friday, slightly b..
News
Exclusive-Canada unfreezes talks with Turkey on export controls after NATO move-source
By Jonathan Spicer and Huseyin Hayatsever ANKARA (Reuters) -Canada has unfrozen talks with Turkey on lifting export controls on drone..
News
Bosch ups investment in hydrogen, begins fuel-cell power module production
BERLIN (Reuters) – German auto supplier Bosch will invest almost 2.5 billion euros ($2.8 billion) in hydrogen fuel cell technol..
News
Elon Musk thinks China is interested in an international AI framework
WASHINGTON (Reuters) -Billionaire Elon Musk said on Wednesday he thinks China is interested in a cooperative international framework o..
News
UK’s Domino’s Pizza Group names new CEO
(Reuters) -Domino’s Pizza Group said on Thursday Andrew Rennie, who has served as the Europe chief for a major franchise operat..
News
Discount retailer Pepco’s sales growth slows
LONDON (Reuters) -European discount retailer Pepco Group reported a slowdown in underlying sales growth in its latest quarter on Thurs..
News
Big companies toughen banking partner screening after crisis – survey
NEW YORK (Reuters) – Large companies are spreading out their counterparty risk and increasing screening of their banking partner..
News
Wall Street cheers cool CPI with stock rally; dollar, yields decline
(Reuters) -Wall Street stocks advanced on Wednesday and the dollar and Treasury yields fell after new U.S. inflation data showed a slo..
News
British digital bank Monzo in talks to buy Nordic lender Lunar
LONDON (Reuters) – British digital bank Monzo is in early stage discussions about a potential acquisition of Nordic lender Luna..
News
Germany more flexible on hydrogen transition, emphasises speed – draft
FRANKFURT (Reuters) – Germany is set to hold on to its hydrogen economy goals up to 2030 and beyond while pressing for speed and..
News
Smurfit Kappa eyes wider North Africa expansion after Morocco opening
DUBLIN (Reuters) -Europe’s largest paper and packaging producer Smurfit Kappa expects the opening of its first North African pla..
News
Bank of England says Britain is coping with higher interest rates
By David Milliken, Huw Jones and William Schomberg LONDON (Reuters) -Britain’s economy is so far proving resilient to a surge i..
News
Exclusive-SoftBank considering US listing for its PayPay business – sources
TOKYO (Reuters) -SoftBank is considering a U.S. listing for its PayPay payments business, three sources familiar with the matter said,..
News
Oil steadies amid economic concerns, higher U.S. crude stocks
(Reuters) -Oil prices barely moved on Wednesday as markets weighed a possible build in U.S. crude stockpiles and economic concerns aga..
News
IBM mulls using its own AI chip in new cloud service to lower costs
SAN FRANCISCO (Reuters) – International Business Machines (IBM) is considering the use of artificial intelligence chips that it ..
News
Zara owner boosts sustainability goals as fast-fashion feels the heat
MADRID/LONDON (Reuters) -Zara owner Inditex said on Tuesday it will look to recycling and sustainably farmed crops to reduce its envir..
News
LG Chem raising $2 billion in exchangeable bonds
SEOUL (Reuters) – South Korea’s LG Chem Ltd is raising $2 billion in bonds that will exchange for LG Energy Solution Ltd ..
News
Stocks rise, dollar retreats ahead of inflation data
By Amanda Cooper LONDON (Reuters) -Global shares rose and the dollar eased on Tuesday ahead of U.S. inflation data that could support..
News
Heathrow passenger numbers near pre-pandemic levels in June
LONDON (Reuters) – Heathrow Airport, Britain’s busiest, said 7 million passengers traveled through it last month, putting ..
News
U.S. says to move forward with transfer of F-16 jets to Turkey
VILNIUS (Reuters) – U.S. President Joe Biden will move forward with the transfer of F-16 fighter jets to Turkey in consultation..
News
Analysis-Japan’s changing views on price hikes open door for BOJ policy tweak
TOKYO (Reuters) – Japanese consumers may finally be shedding their decades-old frugal mindset, spending more on items that retai..
News
Food prices squeeze consumers in June, hot weather boosts summer spending: BRC
LONDON (Reuters) – Unusually hot weather boosted sales of sun screen and barbecue food in Britain last month, a British Retail C..
News
Oil rises on OPEC+ cuts, weaker dollar
(Reuters) -Oil prices edged higher on Tuesday, recouping some of the losses from the previous session, as traders focused on supply cu..
News
Apple opens store on China’s WeChat platform
BEIJING (Reuters) -Tencent’s WeChat said on Tuesday that iPhone maker Apple had opened a store on its social media platform, ma..
News
Uniper chief says flexible duration LNG contracts key for Europe
VANCOUVER (Reuters) – Shorter-duration contracts for LNG purchases will be important for Europe’s diversifying supply give..
News
Turkey backs Sweden’s NATO entry
(Reuters) – Turkey’s President Tayyip Erdogan agreed Monday to support Sweden’s bid to join NATO, a move that will e..
News
L&T, Spain’s Navantia to jointly bid for $5-billion India submarine tender
BENGALURU (Reuters) – Engineering and construction major Larsen & Toubro on Monday said it struck an agreement with Spanish ..
News
Thames Water pulled back from the brink after investors pump in $960 million
LONDON (Reuters) -Thames Water said its investors had agreed to inject 750 million pounds ($960 million) into the company, helping to ..
News
UK health regulator approves GSK’s vaccine for common respiratory virus RSV
(Reuters) -Britain’s health regulator approved GSK’s vaccine for the respiratory syncytial virus (RSV), which causes thou..
News
Marketmind: China disinflation a mix of good and bad
(Reuters) – A look at the day ahead in European and global markets from Wayne Cole China’s inflation data for June surpris..
News
Analysis-Europe faces long wait for weight-loss drugs as governments eye costs
By Ludwig Burger and Andreas Rinke FRANKFURT (Reuters) – Novo Nordisk will start selling its hugely popular obesity drug Wegovy..
News
Gucci-owner Kering paid $3.8 billion for French fragrance label Creed – FT
(Reuters) -Gucci-owner Kering paid 3.5 billion euros ($3.83 billion) for acquiring high-end French fragrance label Creed in June, the..
News