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Card payments no longer the default choice for consumers – local payments are the new hero

Card payments no longer the default choice for consumers – local payments are the new hero

A new global study of 10,500 consumers across 37 markets reveals a mainstream shift in the way people around the world pay online Fi..

Euro zone factory downturn deepened again in March, PMI shows

Euro zone factory downturn deepened again in March, PMI shows

LONDON (Reuters) – Euro zone manufacturing activity took a further turn for the worse in March, contracting at a steeper pace t..

News

IKEA Foundation backs emerging market EV push with $100 million grant

IKEA Foundation backs emerging market EV push with $100 million grant

By Simon Jessop and Virginia Furness LONDON (Reuters) – A global initiative to accelerate electric vehicle uptake has received a $100 million f..

UK shop prices rise at slowest pace since December 2021

UK shop prices rise at slowest pace since December 2021

LONDON (Reuters) – Prices in British shops rose at the slowest pace in more than two years in March, the British Retail Consorti..

Disney edges ahead in battle for board seats with activist investors

Disney edges ahead in battle for board seats with activist investors

NEW YORK (Reuters) – Walt Disney appeared to pull ahead of activist investors in the battle for board seats and the future of th..

UBS launches new $2bn share buyback

UBS launches new $2bn share buyback

ZURICH (Reuters) -UBS on Tuesday announced it was launching a new share buyback programme of up to $2 billion, with up to half being ..

BMW and India’s Tata Technologies to form JV for developing software

BMW and India’s Tata Technologies to form JV for developing software

BENGALURU (Reuters) -BMW Group and Tata Technologies will form a joint venture for the development of software for the German luxury ..

King Charles greets well-wishers after Easter Sunday service

King Charles greets well-wishers after Easter Sunday service

WINDSOR, England (Reuters) -Britain’s King Charles greeted well-wishers in an impromptu walkabout after an Easter church service..

China believes France will provide fair business environment for Chinese firms, foreign ministry says

China believes France will provide fair business environment for Chinese firms, foreign ministry says

BEIJING (Reuters) – China will import even more high-quality products and services from France and believes the European countr..

Exclusive-Microsoft to separate Teams and Office globally amid antitrust scrutiny

Exclusive-Microsoft to separate Teams and Office globally amid antitrust scrutiny

BRUSSELS (Reuters) – Microsoft will sell its chat and video app Teams separately from its Office product globally, the U.S. tech..

Meloni, Le Pen rift mars far right’s prospects of wielding EU power

Meloni, Le Pen rift mars far right’s prospects of wielding EU power

PARIS/ROME (Reuters) -When a French minister compared Italy’s nationalist Prime Minister Giorgia Meloni last year to the leader ..

Xiaomi’s EV buyers face up to seven-month wait for car, app shows

Xiaomi’s EV buyers face up to seven-month wait for car, app shows

BEIJING (Reuters) -Xiaomi is advising would-be buyers of its new SU7 electric sedan that they could face an up to seven-month wait, it..

Stocks subdued, yen in focus, with inflation data on tap

Stocks subdued, yen in focus, with inflation data on tap

NEW YORK/LONDON (Reuters) -A gauge of global share markets was barely changed on Thursday as it was poised to end the quarter with sol..

Hershey, Mondelez bet big on Easter as cocoa price crisis looms

Hershey, Mondelez bet big on Easter as cocoa price crisis looms

(This March 26 story has been refiled to correct the data source to ‘NielsenIQ’ from ‘Nielsen’ in paragraph 23..

Greece to raise monthly minimum wage by 6.4% to 830 euros

Greece to raise monthly minimum wage by 6.4% to 830 euros

ATHENS (Reuters) – Greece will raise its monthly minimum gross wage by 6.4% to 830 euros, the conservative government said on F..

Syngenta ditches multi-billion dollar China IPO bid

Syngenta ditches multi-billion dollar China IPO bid

BEIJING (Reuters) -Swiss agrichemicals and seeds group Syngenta on Friday withdrew its bid for a multi-billion dollar listing on the S..

India keen on trade deals with Britain, Oman early in Modi’s probable third term, sources say

India keen on trade deals with Britain, Oman early in Modi’s probable third term, sources say

By Shivangi Acharya NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi is likely to prioritise completion of free trade ..

UK’s Thames Water in crisis after shareholders refuse to pay up

UK’s Thames Water in crisis after shareholders refuse to pay up

LONDON (Reuters) -Thames Water, Britain’s biggest water utility, said on Thursday its shareholders had refused to pay 500 millio..

Mercedes partly loses class action case over diesel defeat devices

Mercedes partly loses class action case over diesel defeat devices

BERLIN (Reuters) – A German court ruled on Thursday partly in favour of consumers in a class action suit against Mercedes Benz ..

UK competition regulator decides against in-depth probe of Aviva, AIG Life UK merger

UK competition regulator decides against in-depth probe of Aviva, AIG Life UK merger

LONDON (Reuters) -Britain’s competition regulator said on Thursday that it has decided not to open an in-depth ‘phase 2..

JD Sports’ January sales fall in ‘challenging’ market

JD Sports’ January sales fall in ‘challenging’ market

LONDON (Reuters) -British sportswear retailer JD Sports said trading conditions remained challenging after its like-for-like sales dr..

French company Valeo to use more Google Cloud AI tools

French company Valeo to use more Google Cloud AI tools

PARIS (Reuters) – French car parts maker Valeo said on Thursday it would be using more Google Cloud AI tools at Valeo, highlight..

BoE’s Haskel says rate cuts should be ‘a long way off’, FT reports

BoE’s Haskel says rate cuts should be ‘a long way off’, FT reports

(Reuters) -Bank of England (BoE) interest-rate setter Jonathan Haskel said that rate cuts should be “a long way off,” the ..

Analysis-Foreign firms’ losses from exiting Russia top $107 billion

Analysis-Foreign firms’ losses from exiting Russia top $107 billion

By Alessandro Parodi and Alexander Marrow (Reuters) – The corporate exodus from Russia since its 2022 invasion of Ukraine has c..

Climate change, AI in focus at Commonwealth’s Oct meet in Samoa

Climate change, AI in focus at Commonwealth’s Oct meet in Samoa

By Cordelia Hsu SYDNEY (Reuters) -Climate change and efforts to keep up with advances in artificial intelligence top the agenda for a..

UK homeowners and businesses resilient to high interest rates, BoE says

UK homeowners and businesses resilient to high interest rates, BoE says

LONDON, March 27 (Reuters) – British mortgage holders and businesses are generally coping well with high interest rates and pro..

Analysis – Europe’s gas stocks point to healthy supply next winter

Analysis – Europe’s gas stocks point to healthy supply next winter

LONDON (Reuters) – The European Union will have plenty of gas in stock next winter and the remaining buyers of Russian pipelin..

Factbox-European companies cut jobs as economy sputters

Factbox-European companies cut jobs as economy sputters

(Reuters) – The highest inflation for decades and the impact of the war in Ukraine have forced companies across Europe into layo..

Ferrari to expand cooperation with battery supplier SK On

Ferrari to expand cooperation with battery supplier SK On

MILAN (Reuters) – Luxury sports car manufacturer Ferrari has entered a preliminary agreement with its electric-vehicle (EV) bat..

Shares edge higher; yen’s drop to 1990 low lifts Nikkei

Shares edge higher; yen’s drop to 1990 low lifts Nikkei

By Kevin Buckland and Amanda Cooper LONDON/TOKYO (Reuters) – Global shares rose on Wednesday, nudged higher by a rally in Japan..

Olympics-Parisians get ready to leave city with rental cash in pocket

Olympics-Parisians get ready to leave city with rental cash in pocket

PARIS (Reuters) – Like many Parisians, Martin Cassan will be heading the other way when the tidal wave of Olympics visitors hit..

Big Oil’s climate planning not good enough, investor group says

Big Oil’s climate planning not good enough, investor group says

LONDON (Reuters) -The current low-carbon transition plans of 10 of Europe’s and North America’s biggest listed oil and gas..

Brazil, France launch $1.1 billion program to protect Amazon rainforest

Brazil, France launch $1.1 billion program to protect Amazon rainforest

BELEM, Brazil (Reuters) -Brazil and France on Tuesday launched an investment program to protect the Brazilian and Guyanese Amazon rain..

Consumers need better protection against the cost of environmental regulations

Consumers need better protection against the cost of environmental regulations

Tighter environmental regulations can boost industry profits and drive up costs for consumers, finds research from Aalto University Sc..

RiverRock and Horizon acquired from Ferrovial an 89.2% stake in Euroscut Azores, a Portuguese 93 km shadow toll road in the Azores

RiverRock and Horizon acquired from Ferrovial an 89.2% stake in Euroscut Azores, a Portuguese 93 km shadow toll road in the Azores

RiverRock – a specialized alternative investment firm, part of the CFE Finance Group – through RiverRock Brownfield Infrastructu..

Google, Apple breakups on the agenda as global regulators target tech

Google, Apple breakups on the agenda as global regulators target tech

By Foo Yun Chee and Supantha Mukherjee BRUSSELS/STOCKHOLM (Reuters) -Big Tech is facing its biggest challenge in decades as antitrust..

Home improvement retailer Kingfisher warns on profit outlook

Home improvement retailer Kingfisher warns on profit outlook

LONDON (Reuters) -European home improvement retailer Kingfisher warned on Monday that current-year profit would fall short of analyst..