NEWS

First Abu Dhabi Bank reiterates not eyeing offer for Standard Chartered

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..

PayPal’s spending warning casts pall over upbeat forecast

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..

Britain boosts aid for Syria, Turkey after earthquakes

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..

Algeria regains spot as Spain’s top natural gas source -Enagas

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..

Jewellery maker Pandora to expand lab-made diamond range

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..

France’s Macron awards Legion of Honour to Ukraine’s Zelenskiy

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..

Russian threat to Baltic security rising – Estonian intelligence report

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..

Activision aims to help UK regulator ‘better understand our industry’

Activision aims to help UK regulator ‘better understand our industry’

LONDON (Reuters) – “Call of Duty” maker Activision Blizzard said on Wednesday it hoped it could help Britain’s..

GumGum Goes Green with Cedara

GumGum Goes Green with Cedara

New collaboration accelerates decarbonization, sustainability commitments for lead contextual intelligence platform  London, UK –..

Allure of Japan’s powder snow a growing danger as more tourists ski backcountry

Allure of Japan’s powder snow a growing danger as more tourists ski backcountry

By Mariko Katsumura and Elaine Lies TOKYO (Reuters) – The popularity of Japan’s crisp powder snow among foreign skiers, su..

From boom to bottom and now big change: Renault and Nissan reshape alliance

From boom to bottom and now big change: Renault and Nissan reshape alliance

PARIS/TOKYO (Reuters) – French carmaker Renault and its Japanese partner Nissan announced a deal on Monday to redesign their dec..

Euro zone inflation seen just above ECB’s target in 2025, poll shows

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’..

Kering recruits Estee Lauder exec for push into cosmetics

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..

Lockmaker Assa Abloy boosts dividend, but wary on outlook

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..

TomTom raises 2023 revenue outlook as automotive drives Q4 beat

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..

France seeks strategy as nuclear waste site risks saturation point

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..

Tech earnings hit pause button on market rally

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..

Billionaire Cohen builds stake in Nordstrom, urges board shakeup

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..

Ford posts lower profit, issues downbeat outlook; shares drop

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 ..

Oil slumps on economic data, stronger U.S. dollar

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..

LATAM Airlines reduces Cost Per User by 83% thanks to innovative ad technology

LATAM Airlines reduces Cost Per User by 83% thanks to innovative ad technology

South America’s largest carrier also reduced CO2 emissions linked to digital advertising by approximately 14 tonnes in a single campai..

Roche flags 2023 earnings decline on slump in COVID products

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..

Julius Baer 2022 profits fall as it hits business cycle targets

Julius Baer 2022 profits fall as it hits business cycle targets

ZURICH (Reuters) – Julius Baer on Thursday said net profit fell 12% in 2022 in a tough market environment, as the Swiss bank sai..

Exclusive: Volvo readies EV blitz in biggest product revamp under Geely

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..

UK and EU reach post-Brexit customs deal for N.Ireland-The Times

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..

Asia’s factory activity contracts despite China’s COVID reopening

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..

UK shop price inflation hits record 8% in January: BRC

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 ..

Wage data dents dollar recovery before Fed rate decision

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..

Dutch telecom KPN locks in 2023 targets helped by cost controls

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..

Athletics-Farah returns for London Marathon before likely 2023 retirement

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..

Gucci’s challenge: reigniting heat while boosting timeless appeal

Gucci’s challenge: reigniting heat while boosting timeless appeal

By Mimosa Spencer PARIS (Reuters) -Sabato De Sarno, newly appointed by Kering to reinvigorate its prized Gucci brand, needs to spark h..

Philips to cut 13% of jobs in safety and profitability drive

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 ..

Nissan and Renault agree to overhaul alliance, this time as equals

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..

EU recovers appetite for trade in green industry push

EU recovers appetite for trade in green industry push

By Philip Blenkinsop BRUSSELS (Reuters) – The European Union is aiming to enact up to five trade deals in record time to ensure ..

The mouse that roared: New Zealand and the world’s 2% inflation target

The mouse that roared: New Zealand and the world’s 2% inflation target

By Lucy Craymer WELLINGTON, New Zealand (Reuters) – More than 30 years ago, some relatively youthful central bank and Treasury e..

Hong Kong home prices drop 15.6% in 2022, snap 13 years of gain

Hong Kong home prices drop 15.6% in 2022, snap 13 years of gain

(Reuters) – Private home prices in Hong Kong, one of the most unaffordable territories in the world, fell 15.6% in 2022 in the f..

Visa revenue growth slows more as tough economy sobers spending

Visa revenue growth slows more as tough economy sobers spending

By Mehnaz Yasmin (Reuters) -Visa Inc’s revenue growth continued to wind back to pre-pandemic levels in the first quarter as the ..