German retailers face 4% slump in sales in real terms in 2023 – HDE
BERLIN (Reuters) – German retailers expect to bring in 4% less sales income this year than last in real terms as inflation remai..
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UniCredit appoints new head of digital to replace Jingle after two years
MILAN (Reuters) – UniCredit has named Ali Khan, a cloud specialist who joins from consultancy PwC, as its new head of digital an..
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Chinese smartphones sales exceed 70% of Russian market
(Reuters) – Chinese smartphones dominated the Russian market in the first half of 2023, exceeding 70% of all sales, leading cons..
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Sainsbury’s says UK food inflation falling as sales rise
Sainsbury’s says UK food inflation falling as sales rise By James Davey LONDON (Reuters) -Sainsbury’s, Britain’s sec..
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Twitter says users must be verified to access TweetDeck
Twitter says users must be verified to access TweetDeck By Sheila Dang (Reuters) -Twitter users will soon need to be verified in order..
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Arrival, Nikola signal more pain for EV startups
Arrival, Nikola signal more pain for EV startups (Reuters) -Arrival SA will terminate plans to merge with a blank-check firm and Nikol..
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Amazon rolls out first European Rivian vans in Germany
Amazon rolls out first European Rivian vans in Germany By Nick Carey (Reuters) – E-commerce giant Amazon will deploy its first E..
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Japan’s top lenders in fresh drive to win US investment banking deals
Japan’s top lenders in fresh drive to win US investment banking deals By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) -Ja..
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Cinepolis exec seen as CEO candidate for Cineworld – Sky News
(Reuters) – Cineworld Group is looking at Eduardo Acuna, who runs the Americas operations of Mexico’s Cinepolis, as a pote..
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UK demands better deal for drivers in road fuel market
UK demands better deal for drivers in road fuel market By James Davey LONDON (Reuters) -Britain will require supermarkets and retailer..
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Oil giants drill deep as profits trump climate concerns
Oil giants drill deep as profits trump climate concerns By Ron Bousso and Nerijus Adomaitis LONDON (Reuters) -Oil and gas companies ha..
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UBS goes on hiring spree for wealth managers catering to rich Americans
UBS goes on hiring spree for wealth managers catering to rich Americans By Tatiana Bautzer NEW YORK (Reuters) -UBS has gone on a U.S. ..
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World stocks rally, Nikkei closes at 33-year peak
World stocks rally, Nikkei closes at 33-year peak By Dhara Ranasinghe LONDON (Reuters) -World stocks rose to a two-week peak on Monday..
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UK banks asked by lawmakers if they’re ‘exploiting’ savers with low rates
UK banks asked by lawmakers if they’re ‘exploiting’ savers with low rates By Iain Withers LONDON (Reuters) -British ..
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Casino shares plunge as supermarket chain faces increased default risk
Casino shares plunge as supermarket chain faces increased default risk PARIS (Reuters) -Shares in France’s Casino plunged by as ..
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Panasonic needs four more EV battery plants, executive says
OSAKA, Japan (Reuters) -The battery arm of Japan’s Panasonic will need to build four more factories to reach its target for a sh..
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UK year-ahead inflation expectations rise to 5%: Citi/YouGov
UK year-ahead inflation expectations rise to 5%: Citi/YouGov LONDON (Reuters) -The British public’s expectations for inflation o..
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Apple makes history as first $3 trillion company amid tech stock surge
Apple makes history as first $3 trillion company amid tech stock surge (Reuters) – Apple Inc became the first company in the wor..
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Australia’s United Malt agrees to $1 billion takeover offer from France’s InVivo
Australia’s United Malt agrees to $1 billion takeover offer from France’s InVivo By Harish Sridharan and Sybille de La Ham..
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Hong Kong May retail sales rise 18.4%, sixth month of growth
HONG KONG (Reuters) – Hong Kong’s May retail sales rose 18.4% from a year earlier thanks to the revival of inbound tourism..
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UK car output jumps 27% in May from year earlier on steady EV demand
UK car output jumps 27% in May from year earlier on steady EV demand (Reuters) – Britain’s car production rose for a fourt..
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Volkswagen in talks with Tesla to adopt its charging standard
Volkswagen in talks with Tesla to adopt its charging standard (Reuters) -Volkswagen is in talks with Tesla to adopt its North American..
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AutoStore to appeal London high court loss to Ocado in patent feud
AutoStore to appeal London high court loss to Ocado in patent feud LONDON (Reuters) – Norwegian robotics firm AutoStore said on ..
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Credit Suisse appoints investment banking management committee -memo
Credit Suisse appoints investment banking management committee -memo By Tatiana Bautzer NEW YORK (Reuters) – Credit Suisse Group..
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Britain’s Ocado follows rivals in cutting some prices
By James Davey LONDON (Reuters) – British online supermarket Ocado Retail has followed rivals by cutting prices of some essentia..
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Asia shares subdued, yen shunned as euro shines
Asia shares subdued, yen shunned as euro shines By Wayne Cole SYDNEY (Reuters) – Asian shares stalled on Wednesday as surprising..
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Google lays off staff at its mapping app Waze
(Reuters) -Alphabet-owned Google on Tuesday said it is cutting jobs at mapping app Waze as it merges the app’s advertising syste..
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Google lays off staff at its mapping app Waze
One in seven Britons faced hunger in 2022, says food bank charity By James Davey LONDON (Reuters) – One in seven people in the U..
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Cryptoverse: Bitcoin bounces on BlackRock buzz
By Lisa Pauline Mattackal and Medha Singh (Reuters) – What would Satoshi make of it all? Bitcoin, the currency created to subver..
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German bond yield curve most inverted in nearly 31 years
German bond yield curve most inverted in nearly 31 years By Stefano Rebaudo (Reuters) -The German yield curve was at its most inverted..
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Dollar holds firm ahead of U.S. durable goods, housing data
Dollar holds firm ahead of U.S. durable goods, housing data By Rocky Swift TOKYO (Reuters) – The U.S. dollar held its ground aga..
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Britain says Celsa Steel has repaid emergency COVID loan, created 300 jobs
Britain says Celsa Steel has repaid emergency COVID loan, created 300 jobs LONDON (Reuters) – The British arm of Celsa Steel has..
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UK’s Sainsbury’s cuts more prices, adding to signs of abating inflation
UK’s Sainsbury’s cuts more prices, adding to signs of abating inflation By James Davey and Sarah Young LONDON (Reuters) -B..
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Yara postpones clean ammonia IPO after weak valuation
Yara postpones clean ammonia IPO after weak valuation OSLO (Reuters) -Norway’s Yara has postponed a planned initial public offer..
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German business sentiment points to likelihood of longer recession
German business sentiment points to likelihood of longer recession BERLIN (Reuters) -German business morale worsened for the second co..
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AB Foods raises profit outlook as Primark gets summer boost
AB Foods raises profit outlook as Primark gets summer boost By James Davey LONDON (Reuters) -Associated British Foods raised its full ..
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Analysis-After the buzz, investors are doing their own homework on AI
Analysis-After the buzz, investors are doing their own homework on AI By Danilo Masoni and Lucy Raitano MILAN (Reuters) – The ra..
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