Spotify to cut 1,500 jobs in third layoff round this year, shares jump
STOCKHOLM (Reuters) – Music streaming giant Spotify said on Monday that it will lay off around 1,500 employees, or 17% of its wo..
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German budget crisis talks enter crunch week
BERLIN (Reuters) – German Chancellor Olaf Scholz, Finance Minister Christian Lindner and Economy Minister Robert Habeck held tal..
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EU auditors warn about worsening competition in public procurement
By Gabriela Baczynska BRUSSELS (Reuters) – Competition in public procurement across the 27 European Union countries worsened ..
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Sweden’s Riksbank says policy must remain tight, can’t rule out hike – minutes
STOCKHOLM (Reuters) – Swedish monetary policy needs to remain tight for some time and the policy rate may need to be raised furt..
Finance
Oil down as uncertainty over OPEC+ supply cuts, demand growth weigh
NEW DELHI (Reuters) – Oil futures reversed course after rising briefly on Monday amid persistent pressure from the OPEC+ decisio..
Finance
AI defined 2023. Bullets and ballots will shape 2024
By Simon Robinson (Reuters) – How to sum up the most important news of the year past? The obvious answer in 2023 is to use Arti..
Technology
Analysis-EU’s electric dreams short-circuited by EV charging gridlock
BRUSSELS (Reuters) – Electric vehicle drivers hoping to top up their batteries at one of Repsol’s 1,600 Spanish charging s..
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Market pushback on central banks’ rates view just got louder
LONDON (Reuters) -A big disconnect between financial markets and central banks has just got deeper, with traders ramping up their bets..
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Markets pin hopes on soft landing, with one eye on recession risk
By Yoruk Bahceli, Dhara Ranasinghe and Naomi Rovnick (Reuters) – A stellar rally in equities and bonds suggests market confiden..
Finance
Analysis-Job cuts, lean bonuses loom over Europe’s bankers in 2024
LONDON (Reuters) – A mix of global economic unease and geopolitical uncertainty means optimism is in short supply among bankers ..
Business
Marketmind: Markets wary Powell may undermine rate-cut bets
A look at the day ahead in European and global markets from Ankur Banerjee With a blockbuster November in the rear view mirror, invest..
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After Musk tirade, X faces prospect of more advertisers fleeing
(Reuters) -Social media company X faces the prospect of more advertisers fleeing and has no clear fix in sight, ad industry experts sa..
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Henry Kissinger, American diplomat and Nobel winner, dead at 100
WASHINGTON (Reuters) -Henry Kissinger, a diplomatic powerhouse whose roles as a national security adviser and secretary of state under..
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UBS sees shift in new billionaires away from entrepreneurs to inherited wealth
ZURICH (Reuters) – Billionaires increased in numbers and overall wealth last year, Swiss bank UBS said on Thursday, with the for..
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Public investors with $4.3 trln are down on China but in on net zero
By Libby George and Bansari Mayur Kamdar LONDON (Reuters) – Public pension and sovereign wealth funds managing $4.3 trillion in..
Finance
Exclusive-Four banks quit initiative assessing climate targets-sources
By Tommy Wilkes LONDON (Reuters) -Four major banks, including Standard Chartered Plc and HSBC Plc, have quit a United Nations-backed ..
Finance
Swedish property problems could accelerate price drops in Denmark, central bank says
COPENHAGEN (Reuters) – Denmark’s central bank said on Tuesday that the risk of further price drops in the commercial prope..
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Britain to promote share ownership in bid to encourage London IPOs
LONDON (Reuters) – Britain plans further measures to encourage people to buy shares in an effort to boost economic growth and he..
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UK’s FTSE 100 dips on miners, energy drag
By Shashwat Chauhan (Reuters) -UK’s FTSE 100 slipped on Monday, as losses in heavyweight energy and mining stocks chipped away ..
Finance
Baer says exposure to single group tops 600 million francs, as Signa crisis deepens
ZURICH (Reuters) -Julius Baer, which has been expected to write down some loans to troubled property group Signa, said on Monday it ha..
Business
Marketmind: Markets turn risk-averse after bumper month
A look at the day ahead in European and global markets from Wayne Cole. Asia started Monday in hesitant fashion and has turned steadi..
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BoE’s Bailey says getting inflation to 2% will be ‘hard work’
BoE’s Bailey says getting inflation to 2% will be ‘hard work’ LONDON (Reuters) -Bank of England Governor Andrew Bail..
Finance
Stocks snooze in Thanksgiving lull, still on course for best month in three years
By Naomi Rovnick and Stella Qiu LONDON/SYDNEY (Reuters) -Global shares drifted on Friday in the absence of guidance from Wall Street,..
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Dollar eases in thin Black Friday trading on bets rates have peaked
LONDON/SINGAPORE (Reuters) – The dollar slipped on Friday as investors bet U.S. interest rates have peaked, while the yen edged ..
Finance
China offers visa-free entry for citizens of France, Germany, Italy
BEIJING (Reuters) -China will temporarily exempt citizens of France, Germany, Italy, the Netherlands, Spain and Malaysia from needing ..
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Global equity funds attract inflows on hopes for end to Fed rate rises
(Reuters) – Global equity funds attracted robust inflows in the seven days leading to Nov. 22, spurred by growing expectations ..
Finance
Web3 Builders Look to Alternate Growth Model with BNB Chain as Bear Market Funding Drops by 84%
BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, is highlighting the ..
Technology
Factbox-UK’s Hunt sets out plans to boost economic growth
LONDON (Reuters) – British finance minister Jeremy Hunt announced on Wednesday cuts to personal taxation and efforts to boost bu..
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BNB Chain Sees 1-year Transaction High; Demonstrates Network Reliability After BSC Surge
November 19 saw BSC record more than 9.5M transactions in a single day Earlier in the week, BSC demonstrated gas price stability duri..
Finance
Maersk enters deal for half a million tonnes of green methanol annually
COPENHAGEN (Reuters) -Maersk on Wednesday announced it had entered into the shipping industry’s first large-scale agreement for ..
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US stocks edge higher ahead of holiday, crude tumbles
By Stephen Culp NEW YORK (Reuters) -U.S. stocks resumed their uphill climb led by interest rate sensitive megacaps on Wednesday, whil..
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Nvidia shares drop as China worries overshadow stellar forecast
By Arsheeya Bajwa and Chavi Mehta (Reuters) – Nvidia shares fell nearly 4% on Wednesday on fears that widening U.S. chip curbs ..
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Dollar strengthens after U.S. labor, consumer sentiment data
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar index rose on Wednesday, bouncing back from a 2-1/2 month low after econom..
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Temu, Shein far lag Amazon as online holiday shopping ramps up
NEW YORK (Reuters) – Upstart online retailers Temu.com and Shein are drawing millions of window-shoppers to their websites this ..
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FTSE 100 snaps two-day losing streak on Sage results
(Reuters) -The UK’s FTSE 100 rose on Wednesday, as higher prices of gold spurred an uptick in precious metal miners, while Sage ..
Finance
Sam Altman’s return to OpenAI: tracking the Silicon Valley upheaval
(Reuters) -OpenAI said late on Tuesday Sam Altman would return to the company as CEO, capping days of high drama and marathon discussi..
Technology
Euro zone’s shadow banks face risk of margin calls, ECB says
FRANKFURT (Reuters) – Euro zone shadow banks face the risk of receiving large margin calls or client redemptions they cannot mee..
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