VW to speed up electric shift in five-year plan
BERLIN (Reuters) -Volkswagen will speed up its shift to electric cars and revamp its software strategy in a five-year investment plan ..
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Institutional investors back Shell board lawsuit over climate risk
By Kirstin Ridley LONDON (Reuters) – A group of European institutional investors is backing a novel London lawsuit against energ..
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Yen trims gains as possible next BOJ governor says current policy appropriate
By Samuel Indyk LONDON (Reuters) – The yen strengthened on Friday, before trimming some of its gains, after Kazuo Ueda, the figu..
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First Abu Dhabi Bank reiterates not eyeing offer for Standard Chartered
SINGAPORE (Reuters) – First Abu Dhabi Bank (FAB), the United Arab Emirates’ biggest lender, said on Friday it was not curr..
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PayPal’s spending warning casts pall over upbeat forecast
By Manya Saini and Jaiveer Shekhawat (Reuters) – PayPal Holdings Inc forecast full-year profit above Wall Street estimates on Th..
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Britain boosts aid for Syria, Turkey after earthquakes
LONDON (Reuters) – Britain is committing additional funding – at least 3 million pounds ($3.65 million) – to support..
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Algeria regains spot as Spain’s top natural gas source -Enagas
MADRID (Reuters) – Algeria regained its place as Spain’s main supplier of natural gas in January, providing a quarter of m..
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Jewellery maker Pandora to expand lab-made diamond range
By James Davey LONDON (Reuters) – Danish jewellery maker Pandora plans to expand its lab-made diamonds product range after custo..
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France’s Macron awards Legion of Honour to Ukraine’s Zelenskiy
PARIS (Reuters) – President Emmanuel Macron has bestowed the Legion of Honour on Ukraine’s leader Volodymyr Zelenskiy duri..
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Italy’s MPS sees ‘safe habour’ ahead after strong quarter
By Valentina Za MILAN (Reuters) -Italian state-owned bank Monte dei Paschi di Siena (MPS) on Wednesday joined peers in solidly beating..
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Russian threat to Baltic security rising – Estonian intelligence report
By Andrius Sytas VILNIUS (Reuters) – Estonia’s Foreign Intelligence Service said it believed Russia still had the strength..
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Scandi Standard Standardizes with Infor Cloud
Leading producer of chilled, frozen and ready-made chicken products to adopt Infor CloudSuite Food & Beverage as a platform for gr..
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Vanta names security leader David Eckstein as CFO
Vanta, the leading trust management platform, announced today that it has appointed David Eckstein as its Chief Financial Officer, eff..
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EU considers ban on ‘forever chemicals’, urges search for alternatives
By Ludwig Burger (Reuters) -The European Union on Tuesday started to consider a proposal to ban widely used, potentially harmful subst..
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Turkey quake kills 912 in historic disaster, Erdogan says
ANKARA (Reuters) – At least 912 people were killed and more than 5,000 injured when a magnitude-7.8 earthquake struck southern T..
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UK watchdog warns crypto firms to prepare for advertising rule change
LONDON (Reuters) -Britain’s financial watchdog warned crypto businesses on Monday to get ready for a rule change on advertising ..
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Euro zone inflation seen just above ECB’s target in 2025, poll shows
FRANKFURT (Reuters) – Euro zone inflation is set to decline to 2.1% in 2025, just a shade above the European Central Bank’..
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Kering recruits Estee Lauder exec for push into cosmetics
PARIS (Reuters) – French luxury goods group Kering said Friday it was entering the cosmetics business, with the announcement tha..
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Lockmaker Assa Abloy boosts dividend, but wary on outlook
STOCKHOLM (Reuters) -Assa Abloy, the world’s biggest lockmaker, raised its dividend more than expected as it met quarterly profi..
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TomTom raises 2023 revenue outlook as automotive drives Q4 beat
By Federica Mileo (Reuters) -Dutch navigation and digital mapping company TomTom raised its 2023 revenue forecast on Friday, after pos..
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France seeks strategy as nuclear waste site risks saturation point
By Benjamin Mallet LA HAGUE, France (Reuters) – At a nuclear waste site in Normandy, robotic arms guided by technicians behind a..
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Tech earnings hit pause button on market rally
By Caroline Valetkevitch and Herbert Lash (Reuters) – Big Tech led U.S. markets on a sharp rebound to kick off 2023. The message..
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Billionaire Cohen builds stake in Nordstrom, urges board shakeup
By Svea Herbst-Bayliss NEW YORK (Reuters) -Billionaire investor Ryan Cohen is building a large stake in Nordstrom Inc and plans to pus..
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Ford posts lower profit, issues downbeat outlook; shares drop
By Joseph White and Paul Lienert DETROIT (Reuters) -Ford Motor Co on Thursday said quarterly profits fell and the automaker predicted ..
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Oil slumps on economic data, stronger U.S. dollar
By Laila Kearney NEW YORK (Reuters) -Oil prices settled lower on Thursday as U.S. industrial-linked factory orders dipped, while the d..
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London Technology Club welcomes its 100th member as it seeks to accelerate strategic investments in fast-growth tech companies in 2023
Adam Norris, CEO and Founder of Pure Electric, the electric scooter specialist, becomes the latest member to join LTC. Adam is father..
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Roche flags 2023 earnings decline on slump in COVID products
By Ludwig Burger BASEL (Reuters) – Roche warned of a decline in 2023 earnings, as revenue growth from new drugs, including its h..
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Exclusive: Volvo readies EV blitz in biggest product revamp under Geely
By Norihiko Shirouzu (Reuters) – Volvo Cars is gearing up for an electric blitz to convert all its mainstay models – three..
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UK and EU reach post-Brexit customs deal for N.Ireland-The Times
LONDON (Reuters) -Britain and the European Union have struck a customs deal that could help end post-Brexit wrangling over Northern Ir..
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Asia’s factory activity contracts despite China’s COVID reopening
By Leika Kihara TOKYO (Reuters) – Asia’s factory activity contracted in January as the boost from China’s COVID reop..
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UK shop price inflation hits record 8% in January: BRC
By David Milliken LONDON (Reuters) – Prices in British shops in January were 8.0% higher than a year before, the biggest annual ..
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Wage data dents dollar recovery before Fed rate decision
By Karen Brettell NEW YORK (Reuters) – The dollar fell on Tuesday, giving up earlier gains, after data showed U.S. labor costs i..
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Dutch telecom KPN locks in 2023 targets helped by cost controls
(Reuters) -Dutch telecoms company KPN NV aims to slightly improve its core profit this year, it confirmed on Tuesday, supported by cos..
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Athletics-Farah returns for London Marathon before likely 2023 retirement
(Reuters) -Britain’s four-times Olympic champion Mo Farah said on Tuesday he expects 2023 to be the final year of his career, af..
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Philips to cut 13% of jobs in safety and profitability drive
By Bart H. Meijer AMSTERDAM (Reuters) -Dutch health technology company Philips will scrap another 6,000 jobs worldwide as it tries to ..
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German industry to pay 40% more for energy than pre-crisis – study says
FRANKFURT (Reuters) – German industry is set to pay about 40% more for energy in 2023 than in 2021, before the energy crisis tri..
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Nissan and Renault agree to overhaul alliance, this time as equals
By Maki Shiraki and Gilles Guillaume TOKYO/PARIS (Reuters) -Nissan Motor Co and Renault SA agreed on Monday to a sweeping remake of th..
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