Walmart, other US retailers import fewer Christmas goods ahead of tepid holiday season
By Richa Naidu, Aishwarya Venugopal and Siddharth Cavale (Reuters) – Santa Claus is not delivering as many Christmas trees, toys..
Business
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CFE Finance Group acquires 100% of TechStar, a leader in the Metaverse A €6 million investment in the Meta Presence® platform
CFE Finance Group, an investment banking boutique, has acquired 100% of TechStar, a pioneering company in industrial metaverse technol..
Technology
DHL reports Q3 net income below expectations
(Reuters) -German logistics giant DHL reported a third quarter net income of 751 million euros ($817 million) on Tuesday, missing anal..
Business
Shein’s European entity reports 68% sales growth in 2023
By Helen Reid LONDON (Reuters) -Sales by Shein’s Ireland-registered entity Infinite Styles Ecommerce Co grew 68% in 2023, hittin..
News
KPMG to lay off less than 4% of US audit workforce, source says
(Reuters) -KPMG will lay off less than 4%, or about 330 people, of its audit workforce in the United States, a source familiar with th..
News
Sterling extends bounce off recent lows as U.S. election in focus
By Medha Singh (Reuters) – The British pound bounced against a tepid dollar on Monday ahead of high-stakes events this week that..
Finance
China EV price deal needs be as effective as tariffs, says EU official
BRUSSELS (Reuters) – Any agreement reached with Chinese producers on minimum prices for electric vehicles would need to be as ef..
Business
Ryanair H1 profit falls 18% on lower fares, but price weakness moderating
By Conor Humphries DUBLIN (Reuters) -Budget airline Ryanair said on Monday that average fares fell 10% in the six months ended Septemb..
News
Swedish government commission recommends easing mortgage repayment rules
STOCKHOLM (Reuters) – Sweden should ease rules on mortgage borrowing and repayment which have made it harder for new buyers to g..
News
German companies’ hiring plans drop to four-year low, Ifo finds
BERLIN (Reuters) – German companies are less willing to hire new staff than at any point in more than four years, data from the ..
News
Burberry shares jump on Moncler bid report
(Reuters) -Burberry shares rose as much as 8% on Monday after a media report said Italian luxury outerwear maker Moncler was consideri..
Business
European stocks climb on energy boost; headed for weekly losses
By Pranav Kashyap (Reuters) -European shares climbed on Friday, buoyed by a rally in energy stocks, but remained on track for their wo..
Finance
Swiss inflation falls to lowest level in three years
ZURICH (Reuters) – Swiss inflation fell to its lowest level in more than three years in October, government data showed on Frida..
Finance
Vopak expects clean energy investments to accelerate towards 2030, CEO says
By Florence Tan and Jeslyn Lerh SINGAPORE (Reuters) – Global tank storage operator Vopak has committed just a fraction of the $1..
Industries
Greek factory output grows but demand stays weak in October, PMI shows
ATHENS (Reuters) – Greece’s manufacturing sector saw a renewed expansion in output in October driven by producers efforts ..
Industries
Virgin Money UK picks insider Gergely Zaborszky as next CFO
(Reuters) – British lender Virgin Money UK said on Wednesday that insider Gergely Zaborszky would take on the role of its CFO, a..
News
Amundi’s Q3 net inflows profit from ETF demand, Asian operations
By Mathieu Rosemain PARIS (Reuters) – Amundi, Europe’s biggest fund manager, posted in-line quarterly inflows on Wednesday..
News
French economy expanded 0.4% in Q3, INSEE says
PARIS (Reuters) -French economic growth beat estimates by accelerating by 0.4% in the third quarter 2024 from 0.2% in the secon..
News
Ericsson signs 5G ORAN deal with Spain’s MasOrange
By Supantha Mukherjee STOCKHOLM (Reuters) – Ericsson has signed a 5G deal with Spain’s largest telecoms operator, M..
Business
More companies planning price hikes in Germany, survey finds
BERLIN (Reuters) – Companies in Germany’s industrial, retail and corporate services sectors are planning more price..
News
Covestro trims 2024 profit target again in a tough economy
(Reuters) -German chemicals maker Covestro lowered the upper end of its full-year core profit forecast range on Tuesday for the second..
Business
Volkswagen’s Traton reports higher sales in weak truck market
(Reuters) -Volkswagen’s truck unit Traton on Monday reported a 3% rise in nine-month revenue amid subdued demand for comm..
Business
Novartis to pay Monte Rosa $150 million upfront to develop a new class of drugs
(Reuters) – Swiss pharmaceutical giant Novartis will pay Monte Rosa Therapeutics $150 million upfront payment for a globa..
News
London stocks climb, energy shares keep gains in check
By Shubham Batra (Reuters) – The UK’s benchmark FTSE 100 index rose on Monday, led by travel and leisure shares as Trainli..
Finance
Analysis-Bricks over clicks as shops come back into fashion in Europe
By Alberto Chiumento and Paolo Laudani (Reuters) – The rise of online shopping has led to swathes of store closures, casting dou..
Business
Norway’s wealth fund falls short on climate ambitions, NGO says
By Gwladys Fouche OSLO (Reuters) – The world’s largest sovereign wealth fund is falling short on its own climate expectati..
Finance
G20 welcomes recommendations to unlock funding for climate transition projects
By Marcela Ayres WASHINGTON (Reuters) -A group of funds backed by the world’s 20 largest economies aimed at financing cli..
News
Accor adjusts guidance as it sees strong demand at luxury hotels
By Marta Maciag and Nathan Vifflin (Reuters) -Accor, Europe’s largest hotel group by portfolio, on Thursday raised the bo..
News
Exclusive-JBS, Sigma vie for Kraft Heinz’s $3 billion hot-dog business, sources say
By Abigail Summerville NEW YORK (Reuters) – Brazilian meatpacker JBS and Mexico’s Sigma Alimentos are among those c..
News
European shares end flat as economic woes overshadow upbeat earnings
By Paolo Laudani, Ankika Biswas and Johann M Cherian (Reuters) -European shares gave up early gains to close little changed on ..
News
Harley-Davidson lowers full-year revenue forecast on weak demand
By Kannaki Deka and Nathan Gomes (Reuters) -Harley-Davidson cut its annual revenue forecast as sticky inflation and high borrow..
News
Tesla promises paid robotaxis next year, but significant hurdles remain
By Chris Kirkham (Reuters) -Tesla CEO Elon Musk on Wednesday said the electric vehicle maker will roll out driverless ride-hail..
News
FTSE 100 closes higher on earnings boost
By Pranav Kashyap (Reuters) -London’s blue-chip stock index edged higher on Thursday, buoyed by upbeat corporate earnings..
News
Allianz weighs options for AllianzGI unit, sources say
By Amy-Jo Crowley, Alexander Hübner, Andres Gonzalez and Anousha Sakoui LONDON (Reuters) – Allianz is weighing options fo..
News
ECB hawks push back against bets on more and bigger cuts
By Balazs Koranyi WASHINGTON (Reuters) -Three European Central Bank officials tried to cool market speculation on bigger intere..
News
Europe struggling to meet offshore wind targets, industry heads and lawmakers say
By Jacob Gronholt-Pedersen and Stine Jacobsen ODENSE, Denmark (Reuters) – Europe is falling behind its own ambitious targ..
News
Global commercial insurance rates show first quarterly fall in seven years, Marsh says
LONDON (Reuters) – Global commercial insurance rates fell 1% in the third quarter of 2024, the first quarterly decline re..
News