SoftBank to invest $500 million in OpenAI, The Information reports
(Reuters) – Japanese telecom company SoftBank’s Vision Fund will ..
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Business
Discounter Pepco’s sales hurt by supply chain disruption
By James Davey LONDON (Reuters) -European discount retailer Pepco Group said ..
Business
Nike veteran Hill to replace Donahoe as CEO; shares jump
By Juveria Tabassum, Nicholas P. Brown (Reuters) -Nike said on Thursday that former ..
Business
Nike’s next CEO Hill brings a bootstraps mentality
By Nicholas P. Brown (Reuters) – Elliott Hill started at Nike as an intern i..
Business
ING bank tightens restrictions on oil and gas lending
By Virginia Furness and Simon Jessop Dutch lender ING is further restricting ..
Business
UK supermarket sales growth slows after summer holidays
LONDON (Reuters) – British supermarket sales growth slowed over the last month..
Business
French millers face long grind as rain-hit wheat harvest comes in
PARIS (Reuters) – Flour mills in France are facing higher costs and a long sea..
Business
UK’s Asda says retail veteran Stuart Rose to lead business
By James Davey LONDON (Reuters) -British supermarket group Asda, which has be..
Business
Daimler Truck eyes half of Europe sales from EVs in 2030
By Ilona Wissenbach and Andrey Sychev HANOVER, Germany (Reuters) -Daimler Tru..
Business
BP to sell its US onshore wind business
(Reuters) -BP plans to sell its U.S. onshore wind energy business, it announc..
Business
Central Europe factories and retailers shut in flood-hit areas
By Jan Lopatka PRAGUE (Reuters) -Factories and stores across central Europe shut dow..
Business
UK’s Domino’s Pizza plans to hire 5,000 staff ahead of peak holiday season
(Reuters) – Britain’s Domino’s Pizza Group said on M..
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Saipem wins $4 billion contract from QatarEnergy
(Reuters) – Italian energy engineering group Saipem said on Sunday it h..
Business
US locks in steep China tariff hikes, many to start Sept. 27
By David Lawder (Reuters) -The Biden administration on Friday locked in steep tariff..
Business
UK’s National Grid to sell electricity system operator in $827 million deal
(Reuters) -Britain’s National Grid said on Friday it had agreed to sell..
Business
Zara to offer its secondhand clothes service in US by October
MADRID (Reuters) – Zara will offer its service for selling, repairing or donat..
Business
Scotland’s only oil refinery to close next year, 400 jobs to go
By Ron Bousso and Robert Harvey LONDON (Reuters) -Grangemouth, Scotland’s only..
Business
Zara owner Inditex sees early autumn sales perk up after summer slowdown
By Corina Pons MADRID (Reuters) -Zara owner Inditex reported a jump in sales of its ..
Business
Services’ grip on UK economy tightens as manufacturing share ebbs further
By Andy Bruce (Reuters) – Britain’s shift towards a services-dominated e..
Business
Etihad Airways plans IPO no earlier than 2025, sources say
By Hadeel Al Sayegh, Andres Gonzalez and Federico Maccioni DUBAI/LONDON (Reuters) -A..
Business
Key events at Nike under CEO John Donahoe
(Reuters) – Nike will hold its annual meeting virtually on Tuesday and a key i..
Business
Retail, consumer CEOs see shorter tenures as boards act more quickly
By Svea Herbst-Bayliss and Richa Naidu NEW YORK/LONDON (Reuters) – When two of..
Business
UK pay growth cools, keeping BoE on track for another rate cut
By Andy Bruce and Suban Abdulla LONDON (Reuters) -British pay growth cooled in the t..
Business
Aldi UK says shoppers trading up as inflation eases
By Paul Sandle LONDON (Reuters) -Supermarket group Aldi UK said its prices this summ..
Business
Maersk says impact from Red Sea attacks continues to intensify
STOCKHOLM (Reuters) – The negative impact on maritime shipping and glob..
Business
Citi says 2025 oil prices could average $60/bbl without deeper OPEC+ cuts
(Reuters) – If producer group OPEC+ doesn’t reduce production fur..
Business
South Africa’s SPAR sells Polish business to Specjal
JOHANNESBURG (Reuters) – South Africa’s second-biggest grocery gr..
Business
Malaysia central bank to hold rates at 3.0% until at least 2026: Reuters poll
By Pranoy Krishna BENGALURU (Reuters) – Bank Negara Malaysia (BNM) will..
Business
BMW worldwide recalling Mini Cooper SE electric models, company says
BERLIN (Reuters) -German automaker BMW is recalling electric Mini Cooper SE v..
Business
Lowest euro zone inflation in 3 years sets up ECB for cut
By Francesco Canepa and Balazs Koranyi FRANKFURT/TALLINN (Reuters) -Inflation in the..
Business
Uber invests in UK startup Wayve to speed up self-driving projects
By Nick Carey LONDON (Reuters) – Ride-hailing platform Uber will invest in Way..
Business
UK’s Sainsbury’s agrees deal to acquire 10 Homebase stores
LONDON (Reuters) – Britain’s second-largest supermarket group, Sa..
Business
Europe shrugs off Nvidia chill to eye record high
By Chibuike Oguh NEW YORK (Reuters) -Global shares edged higher on Thursday, shruggi..
Business
EU new car sales flat in July as battery-electric slumps, industry body ACEA says
By Alessandro Parodi and Greta Rosen Fondahn (Reuters) -New car sales in the Europea..
Business
Iliad meets goal to become Europe’s 5th largest telecoms operator
By Gianluca Lo Nostro and Stephanie Hamel (Reuters) -France’s Iliad sai..
Business
HMD launches Barbie phone in partnership with Mattel
STOCKHOLM (Reuters) – HMD Global, which makes Nokia-branded phones, sai..
Business
UK shop prices dip for first time in nearly 3 years, survey shows
(Reuters) – British shop prices fell in annual terms this month for the..
Business