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What S&P’s ratings downgrade means for France

What S&P’s ratings downgrade means for France

PARIS (Reuters) -Standard & Poor’s (S&P) decision to downgrade its rating on France’s sovereign debt should in the..

Italian banks must invest more in technology, central bank says

Italian banks must invest more in technology, central bank says

ROME (Reuters) – Technology investments by larger Italian banks lag behind those of their European peers, the central bank said..

UK supermarket sales set for Euro 2024 fillip, says NIQ

UK supermarket sales set for Euro 2024 fillip, says NIQ

LONDON (Reuters) – The return of some warm weather in May helped drive sales growth at British supermarkets and they are set for..

Euro zone inflation rises in fresh signal for ECB caution

Euro zone inflation rises in fresh signal for ECB caution

By Francesco Canepa FRANKFURT (Reuters) -Euro zone inflation rose in May, data showed on Friday, in a sign the European Central Bank ..

Pound heads for best monthly gain of 2024 ahead of US inflation

Pound heads for best monthly gain of 2024 ahead of US inflation

LONDON (Reuters) – The pound headed on Friday for its best monthly performance against the dollar this year, driven by expectati..

Dell shares slump as heavy AI investments expected to dent margin

Dell shares slump as heavy AI investments expected to dent margin

(Reuters) -Dell Technologies shares tumbled about 18% on Friday, as the PC and server maker expects sizeable AI investments to dent it..

Dollar slides after US inflation meets expectations in April

Dollar slides after US inflation meets expectations in April

By Hannah Lang and Joice Alves NEW YORK/LONDON (Reuters) – The dollar was lower and on track for its first monthly decline in 2..

Oil set for weekly loss ahead of OPEC+ meeting

Oil set for weekly loss ahead of OPEC+ meeting

NEW YORK (Reuters) -Oil prices fell on Friday and were set for a weekly loss as investors awaited an OPEC+ meeting on Sunday that will..

Stocks lose steam after U.S. data

Stocks lose steam after U.S. data

By Sinéad Carew and Huw Jones LONDON (Reuters) -MSCI’s global equities index gave up earlier gains on Friday after data showed ..

European shares rise after US inflation data keeps Fed rate cut hopes alive

European shares rise after US inflation data keeps Fed rate cut hopes alive

By Shubham Batra and Shashwat Chauhan (Reuters) -European shares rose on Friday after softer U.S. inflation data spurred hopes of int..

London stocks end higher for third month

London stocks end higher for third month

By Pranav Kashyap and Purvi Agarwal (Reuters) -London stocks closed higher on Friday, logging a third straight month of gains, as inv..

Nvidia set to overtake Apple as world’s second-most valuable company

Nvidia set to overtake Apple as world’s second-most valuable company

By Medha Singh (Reuters) -Nvidia could soon surpass Apple to become the world’s second-most valuable company, as the biggest be..

EU approves Italian aid for $5.4 billion STMicro chip plant

EU approves Italian aid for $5.4 billion STMicro chip plant

By Toby Sterling CATANIA, Italy (Reuters) -The European Commission on Friday approved Italian state aid for STMicroelectronics to bui..

German retail sales fall more than expected in April

German retail sales fall more than expected in April

(Reuters) -German retail sales fell more than expected in April, decreasing by 1.2% compared with the previous month, dimming hopes t..

Renault, Geely create joint venture for hybrid, combustion engines

Renault, Geely create joint venture for hybrid, combustion engines

(Reuters) -French automaker Renault and Chinese partner Geely announced a highly anticipated joint venture on Friday that will develo..

Investors hold their breath for inflation data

Investors hold their breath for inflation data

A look at the day ahead in European and global markets from Ankur Banerjee The time for waiting is almost over as inflation reports f..

Analysis-Aircraft shortages turn into cash bonanza for some airlines

Analysis-Aircraft shortages turn into cash bonanza for some airlines

By Rajesh Kumar Singh CHICAGO (Reuters) – Aircraft shortages are turning into a moneymaker for some airlines as the dearth of s..

India cenbank moves 100 tons of gold from UK to domestic vaults, TOI reports

India cenbank moves 100 tons of gold from UK to domestic vaults, TOI reports

BENGALURU (Reuters) – India’s central bank has moved a little more than 100 metric tons of gold from the UK to its domest..

Stocks regain some ground, bonds steady after rate angst sell-off

Stocks regain some ground, bonds steady after rate angst sell-off

By Samuel Indyk and Rae Wee LONDON (Reuters) -European stocks edged higher on Thursday as bonds regained some ground after a sell-off..

Britain’s creaking power grid leaves green energy revolution adrift

Britain’s creaking power grid leaves green energy revolution adrift

By Paul Sandle and Kate Holton PORTSMOUTH, England (Reuters) – British ferry operator Wightlink wants to order a $60 million, s..

Battle over power pylons highlights Britain’s net zero challenge

Battle over power pylons highlights Britain’s net zero challenge

By Elizabeth Piper WAVENEY VALLEY, England (Reuters) – Dot Matthie says she faces losing the use of the airstrip in her field b..

Dollar trades around two-week high as U.S. bond yields surge

Dollar trades around two-week high as U.S. bond yields surge

(Corrects days of 0.5% falls in paragraphs four and 11 to Wednesday, from Tuesday) By Harry Robertson and Kevin Buckland LONDON/TOKYO..

Birkenstock raises annual revenue forecast on strong footwear demand

Birkenstock raises annual revenue forecast on strong footwear demand

(Reuters) – Birkenstock raised its annual revenue forecast on Thursday, as the German sandal maker bets on benefits from full-p..

Italy April jobless rate falls to 6.9%, lowest since 2008

Italy April jobless rate falls to 6.9%, lowest since 2008

ROME (Reuters) – Italy’s unemployment rate declined to 6.9% in April from a downwardly revised 7.1% the month before, dat..

Brookfield enters deal to buy France’s Neoen for $6.6 billion

Brookfield enters deal to buy France’s Neoen for $6.6 billion

(Reuters) -Canada’s Brookfield said on Thursday that it, together with Brookfield Renewable Partners and Singapore’s Tema..

Sneaker maker Golden Goose aims to list in Milan in June

Sneaker maker Golden Goose aims to list in Milan in June

MILAN (Reuters) – Italian luxury sneaker brand Golden Goose said on Thursday it aims to list on Milan’s Euronext in June...

Airline SAS posts bigger Q2 loss, eyes end to restructuring

Airline SAS posts bigger Q2 loss, eyes end to restructuring

(Reuters) – Scandinavian airline SAS posted a bigger pretax loss for its fiscal second quarter compared to a year earlier and s..

German inflation higher than expected ahead of ECB rates decision

German inflation higher than expected ahead of ECB rates decision

By Rachel More BERLIN (Reuters) -German inflation rose slightly more than forecast to 2.8% in May, although economists said an increa..

Global unemployment to slightly fall in 2024, UN labour body says

Global unemployment to slightly fall in 2024, UN labour body says

(Reuters) -The global unemployment rate is expected to fall slightly to 4.9% this year from 5.0% in 2023, even as inequalities in labo..

Aplomado Investments & Fenton Whelan Real Estate (AFW) and GSM Middle East to launch a super-premium, British international School on Qetaifan Island North, Qatar

Aplomado Investments & Fenton Whelan Real Estate (AFW) and GSM Middle East to launch a super-premium, British international School on Qetaifan Island North, Qatar

LONDON, 28th May, 2024: Global Schools Management (GSM), which owns over 165 schools, and educates over 45,000 students in the United ..

China’s Geely to launch hybrids with more fuel-efficient engines

China’s Geely to launch hybrids with more fuel-efficient engines

SHANGHAI (Reuters) – China’s Geely Holding Group on Wednesday said it would launch a series of hybrid models in the first ..

German consumer sentiment recovers further heading into June

German consumer sentiment recovers further heading into June

BERLIN (Reuters) – German consumer sentiment improved for the fourth month in a row heading into June as the outlook brightened ..

Uber to offer Seine cruises, day trips in Paris during Olympics rush

Uber to offer Seine cruises, day trips in Paris during Olympics rush

(Reuters) – Uber Technologies unveiled a raft of measures on Wednesday, including a tie-up to offer cruises on the Seine river ..

BYD unveils new hybrid tech as battle with gasoline rivals heats up

BYD unveils new hybrid tech as battle with gasoline rivals heats up

SHANGHAI (Reuters) -China’s BYD launched on Tuesday the latest version of a plug-in hybrid technology that improves fuel and cos..

Hess shareholders sign off on $53 billion sale to Chevron

Hess shareholders sign off on $53 billion sale to Chevron

HOUSTON (Reuters) -Hess shareholders on Tuesday approved the proposed $53 billion merger with Chevron that paves the way for the No. 2..

Global equity index dips as investors await inflation prints

Global equity index dips as investors await inflation prints

NEW YORK/LONDON (Reuters) -A global equities gauge fell slightly on Tuesday while U.S. indexes were a mixed bag and the benchmark Tr..

Dollar slips ahead of data, set for first monthly drop in 2024

Dollar slips ahead of data, set for first monthly drop in 2024

(Reuters) -The dollar eased against most currencies on Tuesday ahead of key U.S. and euro zone inflation data later this week that cou..