NEWS

K+S cuts 2023 profit outlook on slow recovery, lower potash prices

K+S cuts 2023 profit outlook on slow recovery, lower potash prices

K+S cuts 2023 profit outlook on slow recovery, lower potash prices (Reuters) – German potash and salt miner K+S on Tuesday cut i..

Li-Cycle and Glencore unveil plans for recycling hub in Italy

Li-Cycle and Glencore unveil plans for recycling hub in Italy

Li-Cycle and Glencore unveil plans for recycling hub in Italy (Reuters) – Battery recycler Li-Cycle Holdings Corp said on Tuesda..

Cryptoverse-Tether gets a lift from stability doubts

Cryptoverse-Tether gets a lift from stability doubts

Cryptoverse-Tether gets a lift from stability doubts By Tom Wilson and Vidya Ranganathan (Reuters) – Digital stablecoin tether i..

Daimler Truck sees higher returns as supply chains, demand improve

Daimler Truck sees higher returns as supply chains, demand improve

Daimler Truck sees higher returns as supply chains, demand improve BERLIN (Reuters) – Daimler Truck reported on Tuesday an adjus..

PayPal adjusted margin forecast cut eclipses higher profit expectations

PayPal adjusted margin forecast cut eclipses higher profit expectations

PayPal adjusted margin forecast cut eclipses higher profit expectations By Manya Saini (Reuters) -PayPal Holdings Inc on Monday cut it..

Uber rival Bolt seeks to turn profitable next year, IPO in 2025

Uber rival Bolt seeks to turn profitable next year, IPO in 2025

Uber rival Bolt seeks to turn profitable next year, IPO in 2025 By Supantha Mukherjee STOCKHOLM (Reuters) – Estonian ride-hailin..

Oil climbs almost 3% as recession fears begin to fade

Oil climbs almost 3% as recession fears begin to fade

Oil climbs almost 3% as recession fears begin to fade By Alex Lawler LONDON (Reuters) – Oil rose almost 3% on Monday as U.S. rec..

Pound hits one-year high against struggling dollar

Pound hits one-year high against struggling dollar

Pound hits one-year high against struggling dollar By Tom Westbrook and Alun John SINGAPORE/LONDON (Reuters) – Sterling hit an o..

Spain suspends trading in NH Hoteles, Thai parent offers to buy shares

Spain suspends trading in NH Hoteles, Thai parent offers to buy shares

Spain suspends trading in NH Hoteles, Thai parent offers to buy shares MADRID/BANGKOK (Reuters) – Spanish stock market regulator..

Volkswagen to name Bentley production chief as new Cariad head – sources

Volkswagen to name Bentley production chief as new Cariad head – sources

Volkswagen to name Bentley production chief as new Cariad head – sources By Jan Schwartz (Reuters) -Volkswagen will announce lat..

“A great treat”: King Charles heralds weekend of coronation celebrations

“A great treat”: King Charles heralds weekend of coronation celebrations

LONDON (Reuters) – King Charles thanked singers who performed at a coronation concert in his honour at Windsor Castle for a R..

Italy open to selling down MPS stake on market if terms, buyers are right – sources

Italy open to selling down MPS stake on market if terms, buyers are right – sources

By Giuseppe Fonte and Valentina Za ROME (Reuters) -Italy’s Treasury is open to reducing its 64% stake in Monte dei Paschi di Sie..

German industrial output slumps, recession fears rise

German industrial output slumps, recession fears rise

German industrial output slumps, recession fears rise By Maria Martinez BERLIN (Reuters) -German industrial production fell more than ..

Spain’s Grifols names current chairman as CEO, ending family leadership

Spain’s Grifols names current chairman as CEO, ending family leadership

Spain’s Grifols names current chairman as CEO, ending family leadership By Joan Faus BARCELONA (Reuters) -Grifols said on Monday..

Asia shares edge higher, wary of US bank data

Asia shares edge higher, wary of US bank data

Asia shares edge higher, wary of US bank data By Wayne Cole SYDNEY (Reuters) – Asian shares were mostly higher on Monday as inve..

Analysis-Battle for China’s electric SUV market heats up at home and abroad

Analysis-Battle for China’s electric SUV market heats up at home and abroad

Analysis-Battle for China’s electric SUV market heats up at home and abroad SHANGHAI (Reuters) – China is ground zero for ..

King Charles greets wellwishers outside palace before coronation

King Charles greets wellwishers outside palace before coronation

King Charles greets wellwishers outside palace before coronation LONDON (Reuters) -Britain’s King Charles and his son William gr..

World leaders gather in London for King Charles’ coronation

World leaders gather in London for King Charles’ coronation

World leaders gather in London for King Charles’ coronation By Michael Holden LONDON (Reuters) – King Charles will hold a ..

WHO declares end to COVID global health emergency

WHO declares end to COVID global health emergency

LONDON (Reuters) -COVID-19 no longer represents a global health emergency, the World Health Organization said on Friday, a major step ..

Analysis-Smoldering Iran nuclear crisis risks catching fire

Analysis-Smoldering Iran nuclear crisis risks catching fire

Analysis-Smoldering Iran nuclear crisis risks catching fire By Arshad Mohammed, John Irish, Jonathan Landay and Parisa Hafezi WASHINGT..

World food prices rise for first time in a year- FAO

World food prices rise for first time in a year- FAO

ROME (Reuters) – The United Nations food agency’s world price index rose in April for the first time is a year, but is sti..

Adidas shares leap on results but CEO warns of bumpy year

Adidas shares leap on results but CEO warns of bumpy year

Adidas shares leap on results but CEO warns of bumpy year By Helen Reid LONDON (Reuters) -Adidas reported better-than-expected quarter..

Alpha Bank to sell bad loan portfolio to Fortress and Davidson Kempner

Alpha Bank to sell bad loan portfolio to Fortress and Davidson Kempner

Alpha Bank to sell bad loan portfolio to Fortress and Davidson Kempner ATHENS (Reuters) – Alpha Bank ACBr.AT, one of Greece̵..

UK PM Sunak: Election results show people want us to deliver for them

UK PM Sunak: Election results show people want us to deliver for them

LONDON (Reuters) – British Prime Minister Rishi Sunak said local elections results so far showed that people wanted his ruling p..

Portugal’s Galp quarterly profit up 62%, below market forecast

Portugal’s Galp quarterly profit up 62%, below market forecast

LISBON (Reuters) -Portugal’s Galp Energia reported on Friday a smaller-than-expected 62% rise in adjusted first-quarter profit a..

Republican leaders of Australia and NZ to pledge allegiance to king

Republican leaders of Australia and NZ to pledge allegiance to king

By Alasdair Pal and Lucy Craymer SYDNEY/WELLINGTON (Reuters) – The leaders of Australia and New Zealand will pledge their allegi..

Macquarie posts record profits on higher income from commodities arm

Macquarie posts record profits on higher income from commodities arm

Macquarie posts record profits on higher income from commodities arm By Praveen Menon and Roushni Nair (Reuters) -Australia’s Ma..

Geely’s London black cab unit unveils new large EV platform

Geely’s London black cab unit unveils new large EV platform

ANSTY, England (Reuters) – Geely unit London Electric Vehicle Company (LEVC) on Friday unveiled a new, large electric-vehicle (E..

Heineken to invest $300 million in Brazil to expand premium beer portfolio

Heineken to invest $300 million in Brazil to expand premium beer portfolio

Heineken to invest $300 million in Brazil to expand premium beer portfolio SAO PAULO (Reuters) – Heineken NV, the world’s ..

US Treasury’s top international official heads to Europe, Asia for talks on economy

US Treasury’s top international official heads to Europe, Asia for talks on economy

US Treasury’s top international official heads to Europe, Asia for talks on economy WASHINGTON (Reuters) – The U.S. Treasu..

What to expect from King Charles’ coronation on May 6

What to expect from King Charles’ coronation on May 6

By Michael Holden LONDON (Reuters) -King Charles will be crowned at Westminster Abbey in a ceremony full of pomp, pageantry and solemn..

Volvo Cars to axe 1,300 jobs as it steps up cost cuts

Volvo Cars to axe 1,300 jobs as it steps up cost cuts

COPENHAGEN (Reuters) -Volvo Cars will lay off around 1,300 office-based employees in Sweden as it steps up cost cutting, the Sweden-ba..

Euro zone April business activity grows on strong services demand – PMI

Euro zone April business activity grows on strong services demand – PMI

Euro zone April business activity grows on strong services demand – PMI By Indradip Ghosh BENGALURU (Reuters) – Growth in ..

Canadian PM Justin Trudeau to attend King Charles’ coronation in London

Canadian PM Justin Trudeau to attend King Charles’ coronation in London

Canadian PM Justin Trudeau to attend King Charles’ coronation in London OTTAWA (Reuters) -Canadian Prime Minister Justin Trudeau..

Joby Aviation to get investment from Tesla shareholder Baillie Gifford

Joby Aviation to get investment from Tesla shareholder Baillie Gifford

Joby Aviation to get investment from Tesla shareholder Baillie Gifford (Reuters) – British investment management firm Baillie Gi..

UniCredit to use 300 million euro charges for voluntary staff exits-sources

UniCredit to use 300 million euro charges for voluntary staff exits-sources

MILAN (Reuters) – UniCredit will use restructuring charges it is set to book this year to fund voluntary exits after receiving s..

Fed delivers small rate hike, opens door to pause in tightening cycle

Fed delivers small rate hike, opens door to pause in tightening cycle

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -The Federal Reserve on Wednesday raised interest rates by a quarter of a perc..