Bank of America opens Luxembourg branch in Europe funds push
LONDON (Reuters) – Bank of America has hired former BNP Paribas banker Benoit Nevouet to be the manager of a newly created Luxe..
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Canada unveils new passport design with more security features, nod to King Charles
By Jenna Zucker (Reuters) – Canada on Wednesday unveiled a new design for passports with advanced security features including a..
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Panasonic delays production of new Tesla battery to improve performance
By Hyunjoo Jin and Kiyoshi Takenaka SAN FRANCISCO/TOKYO (Reuters) – Panasonic said on Wednesday that it will delay the commerci..
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Google takes wraps off its answer to Microsoft’s AI search challenge
By Jeffrey Dastin and Greg Bensinger MOUNTAIN VIEW, California (Reuters) -Alphabet Inc’s Google on Wednesday unveiled more artif..
Technology
Analysis-Investors’ route to post-COVID China is via Europe
By Alun John and Ankur Banerjee LONDON/SINGAPORE (Reuters) – Investors are getting more bang for their buck this year by buying..
Finance
Sterling hits five-month high against euro before BoE decision
LONDON, (Reuters) – The pound rose to a five-month high against the euro on Wednesday as traders bet a rate hike from the Bank o..
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UK firms cut hiring of permanent staff, recruiters’ survey shows
LONDON (Reuters) – British firms reduced hiring of permanent staff via recruitment agencies at the fastest pace in more than tw..
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TUI sees summer travel demand ‘significantly’ lifting 2023 profit
LONDON (Reuters) -German travel firm TUI said it expects strong revenue and higher profit in 2023 on the back of a jump in summer book..
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French retailer Casino’s shares slump 6% after S&P downgrade
PARIS (Reuters) -Shares in French retailer Casino fell more than 6% on Wednesday after Standard & Poor’s cut its long-term ..
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Grocery retailer Ahold Delhaize sees Europe’s food inflation slowing
(Reuters) -Supermarket group Ahold Delhaize expects food inflation in Europe to slow in the second half of this year, CEO Frans Muller..
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ASOS reports first-half loss as shoppers cut back
LONDON (Reuters) -ASOS, Britain’s one-time poster child for the shift to online fashion retailing, swung to a first-half loss, h..
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Dufry sales more than double on travel rebound, Autogrill acquisitionv
(Reuters) – Swiss duty-free retailer Dufry on Wednesday reported a 113.4% jump in its first-quarter turnover, beating market est..
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E.ON to hit upper end of 2023 outlook after strong Q1
FRANKFURT (Reuters) -E.ON, Europe’s largest energy networks operator, expects to hit the upper end of its profit outlook in 2023..
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Dollar eases before inflation data, with nagging worries over debt ceiling impasse
SINGAPORE (Reuters) – The dollar weakened broadly on Wednesday after U.S. President Joe Biden and top lawmakers failed to break ..
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Ryanair places major Boeing order after jet price spat
By Valerie Insinna, Padraic Halpin and Tim Hepher WASHINGTON/DUBLIN (Reuters) -Ireland’s Ryanair agreed a multibillion-dollar d..
Business
Oil eases on lackluster Chinese import data, U.S. economy woes
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices fell on Tuesday, retreating from strong gains of the previous two sessions due to ..
Finance
Eurovision 2023 opens with acts walking Liverpool’s ‘Turquoise Carpet’
LIVERPOOL, England (Reuters) – Eurovision 2023 kicked off on Sunday when 37 contenders walked the “Turquoise Carpet”..
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Britain’s JD Sports to buy France’s Courir in $572 million deal
(Reuters) -JD Sports Fashion has proposed buying France’s Groupe Courir for an enterprise value of 520 million euros ($572 mill..
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Italy’s MPS vows to keep delivering after sharp profit jump
By Valentina Za MILAN (Reuters) -Italy’s Monte dei Paschi di Siena (MPS) pledged on Tuesday to maintain the state-owned bank..
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Ferrari CEO says e-fuel cars do not compromise carbon goals
MILAN (Reuters) – Ferrari’s plans to continue building internal combustion engine cars powered by so called e-fuels does ..
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K+S cuts 2023 profit outlook on slow recovery, lower potash prices
(Reuters) – German potash and salt miner K+S on Tuesday cut its annual profit outlook on a slower than expected recovery in dem..
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Li-Cycle and Glencore unveil plans for recycling hub in Italy
(Reuters) – Battery recycler Li-Cycle Holdings Corp said on Tuesday it planned to develop a recycling hub in Italy along with S..
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Cryptoverse-Tether gets a lift from stability doubts
By Tom Wilson and Vidya Ranganathan (Reuters) – Digital stablecoin tether is winning the race for the title of the crypto world..
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Daimler Truck sees higher returns as supply chains, demand improve
BERLIN (Reuters) – Daimler Truck reported on Tuesday an adjusted return of sales of 8.8% in the first quarter of the year, up f..
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PayPal adjusted margin forecast cut eclipses higher profit expectations
(Reuters) -PayPal Holdings Inc on Monday cut its outlook for annual adjusted operating margin, overshadowing its profit forecast raise..
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Amazon offers shoppers $10 to pick up purchases as it targets delivery costs
LOS ANGELES (Reuters) – Amazon.com is offering customers $10 to pick up a purchase rather than have it shipped to a home address..
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Uber rival Bolt seeks to turn profitable next year, IPO in 2025
By Supantha Mukherjee STOCKHOLM (Reuters) – Estonian ride-hailing and food delivery startup Bolt expects to turn profitable in ..
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U.S. dollar struggles, pound hits one-year high
By Laura Matthews and Alun John NEW YORK/LONDON (Reuters) – The dollar remained relatively weaker against most of its major peer..
Finance
Oil climbs almost 3% as recession fears begin to fade
By Alex Lawler LONDON (Reuters) – Oil rose almost 3% on Monday as U.S. recession fears eased and some traders took the view tha..
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Pound hits one-year high against struggling dollar
By Tom Westbrook and Alun John SINGAPORE/LONDON (Reuters) – Sterling hit an over-one-year high against the dollar on Monday as ..
Top Story
Spain suspends trading in NH Hoteles, Thai parent offers to buy shares
MADRID/BANGKOK (Reuters) – Spanish stock market regulator CNMV on Monday suspended the trading of shares in NH Hotel Group SA p..
Top Story
Volkswagen to name Bentley production chief as new Cariad head – sources
(Reuters) -Volkswagen will announce later on Monday the removal of the current leadership at its software unit Cariad, to be taken ove..
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“A great treat”: King Charles heralds weekend of coronation celebrations
LONDON (Reuters) – King Charles thanked singers who performed at a coronation concert in his honour at Windsor Castle for a ..
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Italy open to selling down MPS stake on market if terms, buyers are right – sources
By Giuseppe Fonte and Valentina Za ROME (Reuters) -Italy’s Treasury is open to reducing its 64% stake in Monte dei Paschi di Si..
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German industrial output slumps, recession fears rise
BERLIN (Reuters) -German industrial production fell more than expected in March, partly due to a weak performance by the automotive se..
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Spain’s Grifols names current chairman as CEO, ending family leadership
BARCELONA (Reuters) -Grifols said on Monday its executive chairman Thomas Glanzmann will become its new chief executive with immediate..
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Asia shares edge higher, wary of US bank data
By Wayne Cole SYDNEY (Reuters) – Asian shares were mostly higher on Monday as investors braced for a week where U.S. inflation ..
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