News

IKEA stores owner Ingka starts on first New Zealand store

IKEA stores owner Ingka starts on first New Zealand store

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SNB defends raising rates, says not to blame for Credit Suisse failure

SNB defends raising rates, says not to blame for Credit Suisse failure

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Internet data growth has not pushed up telcos’ network costs, Dutch government says

Internet data growth has not pushed up telcos’ network costs, Dutch government says

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Top AI CEOs, experts raise ‘risk of extinction’ from AI

Top AI CEOs, experts raise ‘risk of extinction’ from AI

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Nvidia, MediaTek partner on connected car technology

Nvidia, MediaTek partner on connected car technology

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Dollar set for third week of gains as US debt talks loom large

Dollar set for third week of gains as US debt talks loom large

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Soaring airline customer complaints push global legislators to act

Soaring airline customer complaints push global legislators to act

Traveller complaints are clogging courts and regulatory agencies in Germany, Britain, Canada and the U.S. In Germany, the arbitration..

Bank of England’s Bailey sweats over risk of ‘sticky’ summer for inflation

Bank of England’s Bailey sweats over risk of ‘sticky’ summer for inflation

Investors appeared to have made up their minds already about the job ahead for the BoE, pricing another quarter-point rate hike next ..

Oil slips as U.S. debt caution offset supply concerns

Oil slips as U.S. debt caution offset supply concerns

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Oil rebounds on fading risk of U.S. debt default

Oil rebounds on fading risk of U.S. debt default

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EU raw material targets need money and faster permits, sector chief says

EU raw material targets need money and faster permits, sector chief says

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France to host pro-nuclear meet to push for EU recognition of climate benefits

France to host pro-nuclear meet to push for EU recognition of climate benefits

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Panasonic delays production of new Tesla battery to improve performance

Panasonic delays production of new Tesla battery to improve performance

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Oil climbs almost 3% as recession fears begin to fade

Oil climbs almost 3% as recession fears begin to fade

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Kingspan plans to quit London listing in latest blow for LSE

Kingspan plans to quit London listing in latest blow for LSE

LONDON (Reuters) – Irish construction company Kingspan plans to delist from the London Stock Exchange, it said on Friday, in th..

Startup e-commerce platform Temu expands to Europe

Startup e-commerce platform Temu expands to Europe

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Spotify’s monthly active users top 500 million, beat estimate

Spotify’s monthly active users top 500 million, beat estimate

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BoE’s Broadbent says QE not to blame for surge in inflation

BoE’s Broadbent says QE not to blame for surge in inflation

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Anglo American’s first-quarter copper output rises 28%

Anglo American’s first-quarter copper output rises 28%

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Oil gains after IEA sees demand rising to record high

Oil gains after IEA sees demand rising to record high

By Ron Bousso LONDON (Reuters) -Oil prices rose on Friday after the West’s energy watchdog said it expected global demand to ri..

European shares set for weekly gain on U.S. inflation outlook

European shares set for weekly gain on U.S. inflation outlook

European shares set for weekly gain on U.S. inflation outlook By Elizabeth Howcroft LONDON (Reuters) -European shares rose in early tr..

Recruiter Hays boosted by record net fees, but cautious on outlook

Recruiter Hays boosted by record net fees, but cautious on outlook

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UK plans streamlined post-Brexit border checks

UK plans streamlined post-Brexit border checks

LONDON (Reuters) – Britain has set out plans to simplify and speed up post-Brexit border checks after repeated delays that the g..

ABB to launch $1 billion share buyback on April 3

ABB to launch $1 billion share buyback on April 3

ZURICH (Reuters) – ABB will launch its new $1 billion share buyback on April 3, the Swiss engineering company said on Friday, wi..

Britain’s Next sees lower clothing inflation, shares dip on cautious outlook

Britain’s Next sees lower clothing inflation, shares dip on cautious outlook

By James Davey LONDON (Reuters) -British fashion retailer Next reported a better-than-expected 5.7% rise in annual profit on Wednesday..

Explainer-What are credit default swaps and why are they causing trouble for Europe’s banks?

Explainer-What are credit default swaps and why are they causing trouble for Europe’s banks?

By Amanda Cooper LONDON (Reuters) – Turbulence in Europe’s banks following the implosion of 167-year-old Credit Suisse and..

U.S. mid-tier lenders shares rise in Frankfurt after SVB deal

U.S. mid-tier lenders shares rise in Frankfurt after SVB deal

LONDON (Reuters) – The Frankfurt-listed shares of several mid-tier U.S. lenders rose sharply on Monday, after a buyer emerged fo..

Amazon, other retailers revamp ‘free’ shipping as costs soar

Amazon, other retailers revamp ‘free’ shipping as costs soar

By Lisa Baertlein LOS ANGELES (Reuters) – There is no such thing as free shipping. Even so, Amazon.com Inc and other online reta..

Oil spills and near misses: more ghost tankers ship sanctioned fuel

Oil spills and near misses: more ghost tankers ship sanctioned fuel

By Jonathan Saul LONDON (Reuters) – An oil tanker runs aground off eastern China, leaking fuel into the water. Another is caught..

Globally renowned healthcare expert appointed to professor at first business school for health

Globally renowned healthcare expert appointed to professor at first business school for health

  One of the foremost global experts on healthcare systems, Mark Britnell, has been appointed to the role of full professor at UC..

India resists calls for more air access in drive to be global aviation force

India resists calls for more air access in drive to be global aviation force

By Aditi Shah and Tim Hepher NEW DELHI (Reuters) -India dampened foreign airline hopes for more access to its airports on Tuesday, wit..

UK drops plan to tax sovereign wealth funds

UK drops plan to tax sovereign wealth funds

LONDON (Reuters) – British finance minister Jeremy Hunt has dropped a plan to tax sovereign wealth funds investing in Britain, a..

Citadel accelerates hiring push in Hong Kong and London

Citadel accelerates hiring push in Hong Kong and London

By Summer Zhen HONG KONG (Reuters) – Miami-based Citadel has kicked off 2023 with multiple senior hires in London and Hong Kong ..

Europe experienced second-warmest winter on record

Europe experienced second-warmest winter on record

By Kate Abnett BRUSSELS (Reuters) – Europe is emerging from its second-warmest winter on record, European Union scientists said ..

Meta plans to cut thousands of jobs as soon as this week – Bloomberg News

Meta plans to cut thousands of jobs as soon as this week – Bloomberg News

(Reuters) -Meta Platforms Inc will cut thousands of jobs as soon as this week in a fresh round of layoffs, Bloomberg News reported on ..

Oil steadies after dipping on China outlook; investors await Fed clues

Oil steadies after dipping on China outlook; investors await Fed clues

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices were steady on Monday as top oil executives debated supply tightness at an oil conf..

Dollar firms after U.S. labor data suggests more rate hikes

Dollar firms after U.S. labor data suggests more rate hikes

By Herbert Lash and Joice Alves NEW YORK/LONDON (Reuters) – The dollar strengthened on Thursday after unemployment claims pointe..