German retailers face 4% slump in sales in real terms in 2023 – HDE
BERLIN (Reuters) – German retailers expect to bring in 4% less sales income this year than last in real terms as inflation rema..
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UniCredit appoints new head of digital to replace Jingle after two years
MILAN (Reuters) – UniCredit has named Ali Khan, a cloud specialist who joins from consultancy PwC, as its new head of digital a..
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Chinese smartphones sales exceed 70% of Russian market
(Reuters) – Chinese smartphones dominated the Russian market in the first half of 2023, exceeding 70% of all sales, leading con..
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Sainsbury’s says UK food inflation falling as sales rise
By James Davey LONDON (Reuters) -Sainsbury’s, Britain’s second largest supermarket group, said on Tuesday food inflation ..
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Twitter says users must be verified to access TweetDeck
By Sheila Dang (Reuters) -Twitter users will soon need to be verified in order to use TweetDeck, the social media company said in a t..
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Arrival, Nikola signal more pain for EV startups
(Reuters) -Arrival SA will terminate plans to merge with a blank-check firm and Nikola Corp will offload its newly acquired battery u..
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Amazon rolls out first European Rivian vans in Germany
By Nick Carey (Reuters) – E-commerce giant Amazon will deploy its first European vans from U.S. electric vehicle (EV) maker Riv..
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Japan’s top lenders in fresh drive to win US investment banking deals
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) -Japan’s top lenders aim to carve out a larger presence in U.S investmen..
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Cinepolis exec seen as CEO candidate for Cineworld – Sky News
(Reuters) – Cineworld Group is looking at Eduardo Acuna, who runs the Americas operations of Mexico’s Cinepolis, as a pot..
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UK demands better deal for drivers in road fuel market
By James Davey LONDON (Reuters) -Britain will require supermarkets and retailers to give drivers access to live fuel prices at every ..
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Oil giants drill deep as profits trump climate concerns
By Ron Bousso and Nerijus Adomaitis LONDON (Reuters) -Oil and gas companies have intensified the hunt for new deposits in a long-term..
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UBS goes on hiring spree for wealth managers catering to rich Americans
By Tatiana Bautzer NEW YORK (Reuters) -UBS has gone on a U.S. recruiting drive for wealth managers catering to rich Americans even as..
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World stocks rally, Nikkei closes at 33-year peak
By Dhara Ranasinghe LONDON (Reuters) -World stocks rose to a two-week peak on Monday, with Japan’s Nikkei closing at its highes..
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UK banks asked by lawmakers if they’re ‘exploiting’ savers with low rates
By Iain Withers LONDON (Reuters) -British banks faced fresh criticism on Monday for the savings rates they offer to cash-strapped cus..
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Casino shares plunge as supermarket chain faces increased default risk
PARIS (Reuters) -Shares in France’s Casino plunged by as much as 20% to fresh record lows on Monday after the supermarket chain..
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Panasonic needs four more EV battery plants, executive says
By Miho Uranaka OSAKA, Japan (Reuters) -The battery arm of Japan’s Panasonic will need to build four more factories to reach it..
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UK year-ahead inflation expectations rise to 5%: Citi/YouGov
LONDON (Reuters) -The British public’s expectations for inflation over the coming year rose in June but long-run expectations e..
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Apple makes history as first $3 trillion company amid tech stock surge
(Reuters) – Apple Inc became the first company in the world to reach a market value of $3 trillion, buoyed by hopes over its ex..
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Australia’s United Malt agrees to $1 billion takeover offer from France’s InVivo
By Harish Sridharan and Sybille de La Hamaide (Reuters) -United Malt Group Ltd said on Monday it agreed to a A$1.5 billion ($999 mill..
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Hong Kong May retail sales rise 18.4%, sixth month of growth
HONG KONG (Reuters) – Hong Kong’s May retail sales rose 18.4% from a year earlier thanks to the revival of inbound touris..
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Time for boards to be agile
By John Harte, Managing Partner at Integrity Governance Volatility is continuing for boards after the upheaval caused by the pandemi..
Finance
Seeking more Bang for the Buck, Cybersecurity leaders embrace services
Author: Anthony Chadd, Chief Revenue Officer, Vercara Cybersecurity leaders are experiencing mounting pressures from all sides..
Technology
UK car output jumps 27% in May from year earlier on steady EV demand
(Reuters) – Britain’s car production rose for a fourth straight month in May, driven by higher demand for electric vehicl..
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Volkswagen in talks with Tesla to adopt its charging standard
(Reuters) -Volkswagen is in talks with Tesla to adopt its North American Charging Standard (NACS) technology, while the German automa..
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AutoStore to appeal London high court loss to Ocado in patent feud
LONDON (Reuters) – Norwegian robotics firm AutoStore said on Thursday it will appeal a London high court judgement in March whi..
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Advancements of AI and compliance in the financial services sector
By Martin Hartley, Group CCO of emagine Consulting, a management and technology consulting firm for the financial servic..
Finance
Credit Suisse appoints investment banking management committee -memo
By Tatiana Bautzer NEW YORK (Reuters) – Credit Suisse Group AG on Thursday appointed an investment banking management committee..
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Britain’s Ocado follows rivals in cutting some prices
By James Davey LONDON (Reuters) – British online supermarket Ocado Retail has followed rivals by cutting prices of some essenti..
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Catalonia cracks down on booming marijuana industry
By Horaci Garcia and Joan Faus BARCELONA (Reuters) – Heavily-armed police officers arrived in a well-to-do Barcelona suburb bef..
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South African citrus growers say EU pest rules putting squeeze on exports
(Reuters) – New European Union pest control rules will cut South Africa’s orange exports to Europe by 20% this year, thre..
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India’s aerospace suppliers see upside in parts-making from record jet orders
By Allison Lampert and Aditi Shah PARIS/DELHI (Reuters) -Indian aerospace suppliers see record jet orders by the country’s top ..
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Chinese payment giants revive effort to accept foreign credit cards
By Josh Ye HONG KONG (Reuters) – Chinese tech giants Tencent Holdings and Ant Group said that they would allow users to link in..
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Euro zone lending takes another hit in May
(Reuters) – Euro zone bank lending slowed further in May, dragged down by higher interest rates and a recession in the blocR..
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Boohoo urges Revolution Beauty to call general meeting over board changes
(Reuters) – Boohoo on Wednesday urged Revolution Beauty to call for its requisitioned general meeting “without further de..
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SAP CEO: huge growth potential in generative AI
(Reuters) – German business software maker SAP sees huge growth potential in generative AI technology, Chief Executive Officer ..
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Nissan will not fill COO position left open by Gupta’s departure
TOKYO (Reuters) – Nissan Motor Co has decided to not fill in the chief operating officer position vacated by Ashwani Gupta under..
News
Asia shares subdued, yen shunned as euro shines
By Wayne Cole SYDNEY (Reuters) – Asian shares stalled on Wednesday as surprisingly upbeat U.S. economic news warred with global..
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