U.S. job growth powers ahead; unemployment rate at 3.4%
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth accelerated sharply in January while the unemployment rate hit a more t..
Business
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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’..
News
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..
News
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..
News
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..
News
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..
News
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..
News
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..
News
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 ..
News
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..
News
Apple’s weak iPhone sales drive first profit miss since 2016
By Stephen Nellis (Reuters) – Apple Inc on Thursday reported sales and profits that missed Wall Street expectations driven by we..
Business
Central banks hike rates again, but a pause is coming
LONDON (Reuters) – Major central banks are steadily moving closer to a pause in their aggressive interest rate hiking campaigns...
Finance
Fed rates up, BoE up, ECB up, stocks up
By Marc Jones LONDON (Reuters) – Higher stock markets showed the bulls were still firmly in charge on Thursday as the European C..
Finance
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..
News
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..
Research Reports
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..
News
Dollar falls to nine-month low as Powell notes progress in disinflation
By Karen Brettell NEW YORK (Reuters) – The dollar extended losses on Wednesday and fell to a nine-month low against a basket of ..
Finance
Investors go back to basics with simpler self-driving vehicles
By Nick Carey and Paul Lienert COVENTRY, England (Reuters) – Developing fully autonomous vehicles (AVs) that can go everywhere h..
Technology
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 ..
Finance
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..
News
German industry to pay 40% more for energy than pre-crisis – study says
FRANKFURT (Reuters) – German industry is set to pay about 40% more for energy in 2023 than in 2021, before the energy crisis tri..
News
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..
News
Stocks, dollar gain on resilient U.S. economy
By Herbert Lash and Huw Jones NEW YORK/LONDON (Reuters) – A gauge of global stock performance rose and the dollar strengthened o..
Finance
Bank of England set to hike to 4% as rate peak looms
By David Milliken LONDON (Reuters) – The Bank of England looks on course to raise its main interest rate by half a percentage po..
Finance
Musk says Tesla price cuts triggered demand, 2023 sales could hit 2 million vehicles
By Hyunjoo Jin and Akash Sriram (Reuters) – Tesla Inc’s aggressive price cuts have ignited demand for its electric vehicle..
Finance
UK income inequality widens after pandemic dip
By David Milliken LONDON (Reuters) – British income inequality rose to a three-year high in the 2021/22 financial year after a d..
Finance
Global 2023 economic view downgraded, at odds with market optimism: Reuters poll
By Hari Kishan BENGALURU (Reuters) – Global economic growth is forecast to barely clear 2% this year, according to a Reuters pol..
Finance
UK’s Wetherspoon posts 13.1% rise in sales for 25-wk period
(Reuters) – UK’s J D Wetherspoon reported a 13.1% rise in like-for-like sales for the 25 weeks to Jan. 22 on Wednesday, as..
News
Asian stocks make 7-month highs, Australian dollar gains on hot inflation
By Anshuman Daga SINGAPORE (Reuters) -Asian equities scaled their highest levels in seven months on Wednesday after some regional mark..
News
Global economy seen facing a challenging year -Eurochambres
BERLIN (Reuters) – The international business community expects a challenging 2023 marked by geopolitical tensions, high inflati..
News
Ford to make call on Europe job cuts by mid-Feb as buyers circle German site
By Victoria Waldersee and Christina Amann BERLIN (Reuters) -Ford will decide by mid-February how many jobs to cut in Europe a German u..
News
Exclusive-Binance moved $346 million for seized crypto exchange Bitzlato, data show
By Tom Wilson and Angus Berwick LONDON (Reuters) -Crypto giant Binance processed almost $346 million in bitcoin for the Bitzlato digit..
News
Prada’s Lorenzo Bertelli sets out ‘soft transition’ to new leadership
By Elisa Anzolin VENICE, Italy (Reuters) – Italian fashion group Prada is hiring former Luxottica chief Andrea Guerra to smooth ..
News
Sweden to upgrade Berzelius supercomputer with Nvidia AI systems
STOCKHOLM (Reuters) – Sweden will upgrade its Berzelius supercomputer using Nvidia’s latest artificial intelligence (AI) s..
News
Cryptoverse: Bitcoin investors take control
(Corrects paragraph 8 to show big investors were responsible for about 68% of the flows) By Lisa Pauline Mattackal and Medha Singh (Re..
Finance
Bank funding for renewables stagnates vs oil and gas – report
LONDON (Reuters) – The share of bank finance going to renewable energy rather than fossil fuels has little changed in six years,..
News
Digital euro will be free but limited in scope, ECB says
FRANKFURT (Reuters) – The digital version of the euro currency will be free to use and available to all but the European Central..
Finance