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Elevator maker Kone hikes outlook as Q1 profit, orders beat forecasts

Elevator maker Kone hikes outlook as Q1 profit, orders beat forecasts

(Reuters) -Finnish elevator maker Kone raised its 2023 sales outlook on Wednesday af..

Companies’ cost inflation is slowing but shoppers may wait for lower prices

Companies’ cost inflation is slowing but shoppers may wait for lower prices

LONDON/PARIS (Reuters) -The world’s top consumer goods companies, making every..

Tech CEOs wax poetic on AI, big adds to sales will take time

Tech CEOs wax poetic on AI, big adds to sales will take time

(Reuters) -Microsoft Corp and Google-parent Alphabet Inc talked up investments in ar..

Sacyr shortlists four bidders for its service, waste management unit – Expansion

Sacyr shortlists four bidders for its service, waste management unit – Expansion

MADRID (Reuters) – Spanish conglomerate Sacyr has shortlisted four firms as po..

Startup e-commerce platform Temu expands to Europe

Startup e-commerce platform Temu expands to Europe

SHANGHAI (Reuters) – Ultra low-cost e-commerce platform Temu, owned by PDD Hol..

Beiersdorf benefits from bump in Nivea sales

Beiersdorf benefits from bump in Nivea sales

(Reuters) -Beiersdorf’s Nivea brand recorded 18% sales growth in the first qu..

Puma expects Q2 sales growth below full-year target

Puma expects Q2 sales growth below full-year target

(Reuters) – German sportswear maker Puma on Wednesday said it expected second..

Mercedes-Benz launches E-Class, its last new combustion engine model

Mercedes-Benz launches E-Class, its last new combustion engine model

BERLIN (Reuters) – Mercedes-Benz on Tuesday launched its last new combustion e..

Spotify’s monthly active users top 500 million, beat estimate

Spotify’s monthly active users top 500 million, beat estimate

By Supantha Mukherjee STOCKHOLM (Reuters) -Spotify Technology SA has crossed the ha..

Kremlin remains downbeat on state of Black Sea grain deal

Kremlin remains downbeat on state of Black Sea grain deal

(Reuters) – The Kremlin reaffirmed its position on Tuesday that the Black Sea..

BoE’s Broadbent says QE not to blame for surge in inflation

BoE’s Broadbent says QE not to blame for surge in inflation

LONDON (Reuters) -Bank of England (BoE) Deputy Governor Ben Broadbent said central b..

Anglo American’s first-quarter copper output rises 28%

Anglo American’s first-quarter copper output rises 28%

LONDON (Reuters) -Anglo American’s overall first-quarter production rose 9% f..

KitKat sweetens Nestle sales with Easter, Valentine’s Day comeback

KitKat sweetens Nestle sales with Easter, Valentine’s Day comeback

By Richa Naidu LONDON (Reuters) – In a quarter that saw Nestle’s overal..

More banks join European instant payments pilot from end 2023

More banks join European instant payments pilot from end 2023

STOCKHOLM (Reuters) -Spotify Technology SA has crossed the half billion mark for mon..

Recruiter Randstad beats Q1 earnings estimates despite hiring slowdown

Recruiter Randstad beats Q1 earnings estimates despite hiring slowdown

(Reuters) -Dutch recruitment firm Randstad reported better-than-expected first-quart..

ABB dispels industrial gloom to raise full-year outlook

ABB dispels industrial gloom to raise full-year outlook

By John Revill ZURICH (Reuters) -ABB Ltd raised its full-year outlook for sales and..

The booming Netherlands

The booming Netherlands

By Ross Henderson, Director, Netherlands at Harnham. With unemployment..

Oil prices steady on uncertain global outlook and supply concerns

Oil prices steady on uncertain global outlook and supply concerns

LONDON (Reuters) – Oil prices were steady on Monday as concern over rising int..

Britain sets up $125 million taskforce to drive AI

Britain sets up $125 million taskforce to drive AI

LONDON (Reuters) – Britain on Monday announced 100 million pounds ($124.5 mill..

Climate change fight a ‘core duty’ for central banks – ECB’s Villeroy

Climate change fight a ‘core duty’ for central banks – ECB’s Villeroy

By Marc Jones LONDON (Reuters) – France’s central bank governor Françoi..

German economy likely grew in Q1, beating expectations – Bundesbank

German economy likely grew in Q1, beating expectations – Bundesbank

FRANKFURT (Reuters) – The German economy is likely to have expanded in the la..

Bitcoin could hit $100,000 by end-2024, Standard Chartered says

Bitcoin could hit $100,000 by end-2024, Standard Chartered says

LONDON (Reuters) – Top cryptocurrency bitcoin could reach $100,000 by the end ..

Factbox-Europe’s ongoing strike-related travel disruptions

Factbox-Europe’s ongoing strike-related travel disruptions

(Reuters) – Strikes in Europe could disrupt travel into the summer, as passeng..

PIRC recommends vote for BP climate activist resolution

PIRC recommends vote for BP climate activist resolution

LONDON (Reuters) – Investor advisory firm PIRC on Monday recommended that BP s..

Credit squeeze ‘biggest threat’ to economic outlook, Fidelity International says

Credit squeeze ‘biggest threat’ to economic outlook, Fidelity International says

PARIS (Reuters) – The biggest threat to the economic outlook is a credit squee..

Dollar heads for first weekly gain since February

Dollar heads for first weekly gain since February

By Amanda Cooper LONDON (Reuters) – The dollar headed for its first weekly ga..

Norway sovereign fund backs Teck Resources in battle with Glencore

Norway sovereign fund backs Teck Resources in battle with Glencore

OSLO (Reuters) -Norway’s sovereign wealth fund, one of the world’s large..

MG Motor launches plug-in hybrid option in Mexico as EV race heats up

MG Motor launches plug-in hybrid option in Mexico as EV race heats up

By Kylie Madry MEXICO CITY (Reuters) – MG Motor is launching a plug-in hybrid..

Marketmind: Purchasing managers of the world, diverge

Marketmind: Purchasing managers of the world, diverge

A look at the day ahead in European and global markets from Tom Westbrook A month-lo..

German govt to slightly raise 2023 GDP forecast – sources

German govt to slightly raise 2023 GDP forecast – sources

By Holger Hansen BERLIN (Reuters) -The German government is set to slightly raise i..

Siemens Energy signs 7-billion-eur offshore power deal with TenneT

Siemens Energy signs 7-billion-eur offshore power deal with TenneT

BERLIN (Reuters) – Siemens Energy has won contracts worth almost 7 billion eu..

IKEA plans new U.S. stores in $2.2 billion push to challenge Walmart and Wayfair

IKEA plans new U.S. stores in $2.2 billion push to challenge Walmart and Wayfair

By Helen Reid LONDON (Reuters) – IKEA stores owner Ingka Group will spend 2 b..

PGE signs wind turbine supply deal for Baltica 2

PGE signs wind turbine supply deal for Baltica 2

GDANSK (Reuters) – Poland’s biggest utility PGE said on Thursday a unit..

Investors warn big consumer firms over price hikes as competitors gain

Investors warn big consumer firms over price hikes as competitors gain

By Richa Naidu and Jessica DiNapoli LONDON/NEW YORK (Reuters) – Consumer good..

GSK-spinoff Haleon forecasts 2023 organic revenue growth at top-end of view

GSK-spinoff Haleon forecasts 2023 organic revenue growth at top-end of view

(Reuters) – Consumer healthcare group Haleon expects 2023 organic revenue gro..

Analysis-Crisis radar falls on fault lines in Europe’s commercial property

Analysis-Crisis radar falls on fault lines in Europe’s commercial property

By Chiara Elisei and Dhara Ranasinghe LONDON (Reuters) – European banks appea..

Renault revenues rise 30% in Q1 on higher sales and prices

Renault revenues rise 30% in Q1 on higher sales and prices

PARIS (Reuters) -French car maker Renault said on Thursday revenues had grown by 30..