Departing Intel exec to focus on loosening Nvidia’s grip on AI for movies, games
By Stephen Nellis (Reuters) -Raja Koduri, the chief architect at Intel Corp, is leaving to start a company that aims to loosen longtim..
News
All Posts
Some Credit Suisse AT1 bondholders seek legal advice -law firms
By Laura Matthews and Chiara Elisei (Reuters) -Law firm Pallas Partners and a Swiss counsel are working on possible legal action for s..
News
Interest rates, energy prices & inflation continue to impact businesses as insolvencies rise again
One of the UK’s leading insolvency experts has warned that company insolvencies will continue to rise as the full impact of hig..
Business
Global bank bonds claw back losses as markets rout eases
LONDON/SINGAPORE (Reuters) – An uneasy calm descended across battered bank bonds and shares on Tuesday, with prices recovering a..
Finance
Global shares jump but bank ‘whack-a-mole’ not over
By Koh Gui Qing NEW YORK (Reuters) – Global shares jumped on Tuesday after the rescue of Credit Suisse stemmed a rout in equitie..
Finance
Will new A.I. recruitment rules become compulsory in the UK?
By Justin Birch, Executive Search Director, New Street Consulting Group “In April 2023, employers in New York will be require..
Featured
Britain announces 205 million pound auction for renewable power projects
LONDON (Reuters) – Britain’s next auction round to spur renewable power projects will be worth about 205 million pounds ($247 mi..
News
Almost 1 million UK businesses have £1,000 or less in savings
A new study by Yell reveals that over 1 in 6 SMEs in the United Kingdom have £1,000 or less saved to help them stay afloat dur..
Research Reports
French inflation revised upwards in February to 7.3% – final figures
PARIS (Reuters) – French annual inflation rose to a revised 7.3% in February from 7.0% in January, partly as a result of higher ..
News
Publisher Bloomsbury casts upbeat forecast, says books ‘affordable pastime’
(Reuters) -Bloomsbury Publishing Plc forecast full-year profit to be well ahead of expectations on Wednesday, encouraged by the robust..
News
Burberry appoints McLaren’s Kate Ferry as CFO
LONDON (Reuters) – British luxury brand Burberry said on Wednesday it had appointed Kate Ferry as its next chief financial offic..
News
Crown Agents Bank owner explores sale of British payments group –sources
By Pablo Mayo Cerqueiro and Amy-Jo Crowley LONDON (Reuters) – Helios Investment Partners has been working with advisers to sell ..
News
Oil prices rebound after OPEC upgrades China demand outlook
By Yuka Obayashi and Florence Tan TOKYO (Reuters) – Oil prices rebounded more than 1% on Wednesday, recovering from the previous..
News
Asian shares gain as fears about rapid Fed hikes, bank crisis fade
By Ankur Banerjee SINGAPORE (Reuters) – Asian equities rose sharply on Wednesday, tracking a relief rally on Wall Street and as ..
News
KPMG stands by audits of Silicon Valley Bank and Signature Bank – FT
(Reuters) – KPMG’s U.S. boss, Paul Knopp, said the accounting firm stood behind its audits of Silicon Valley Bank and Sign..
News
NatWest limits customers’ crypto transfers, citing scam concerns
By Elizabeth Howcroft LONDON (Reuters) – Britain’s NatWest has imposed new limits on the daily and monthly amount customer..
News
London fears losing luxury shoppers to Paris and Milan
By James Davey and Sarah Young LONDON (Reuters) – London’s luxury retailers fear the city is losing its pull as a shopping..
Top Story
Meta to cut 10,000 jobs in second round of layoffs
By Katie Paul and Nivedita Balu (Reuters) -Facebook-parent Meta Platforms said on Tuesday it would cut 10,000 jobs this year, making i..
Top Story
Global equities gain, as rising bond yields pressure gold
By Chris Prentice and Amanda Cooper NEW YORK/LONDON (Reuters) – Global shares stemmed a five-session rout on Tuesday as bank sha..
Finance
MFE offers to buy 1.05% stake in Mediaset Espana from Vivendi ahead of delisting
(Reuters) – MFE-Mediaforeurope said on Tuesday it agreed with Vivendi to buy a 1.05% stake in Mediaset Espana it did not own yet..
News
ING toughens oil and gas policy to include trade finance, midstream
By Virginia Furness LONDON (Reuters) – Dutch lender ING on Tuesday said it had again toughened its lending policy to the oil and..
News
Sainsbury’s pays $524 million for full ownership of store investment vehicles
LONDON (Reuters) -British supermarket Sainsbury’s said on Tuesday it would take full ownership of the Highbury and Dragon store ..
News
Fraport sees 2023 passenger traffic at 80-90% of pre-pandemic levels
(Reuters) – Frankfurt Airport operator Fraport on Tuesday said it expected passenger traffic to keep improving in 2023 but stay ..
News
Tennis-Panic attack ends Tsurenko’s Indian wells, as Raducanu marches on
(Reuters) -Emma Raducanu scored her biggest win since a run to the U.S. Open title beating Beatriz Haddad Maia 6-1 2-6 6-4 to reach th..
News
Australia’s nuclear submarine plan to cost up to $245 billion by 2055 -defence official
By Lewis Jackson CANBERRA (Reuters) -Australia’s nuclear-powered submarine programme with the United States and Britain will cos..
News
British EV startup Arrival gets $300 million funding, aims to slow cash-burn
(Reuters) -Electric-vehicle (EV) startup Arrival on Monday got a $300 million equity financing line from Westwood Capital and said it ..
News
UniCredit shareholders urged to reject CEO Orcel’s pay rise
By Valentina Za MILAN (Reuters) – Leading governance adviser Institutional Shareholder Services (ISS) on Monday recommended shar..
News
Meta to wind down NFTs on platforms amid crypto bust
(Reuters) -Meta Platforms Inc is cutting off support for digital collectibles or non-fungible tokens (NFTs) on its platforms less than..
News
Swiss regulator monitoring banks and insurers after SVB collapse
ZURICH (Reuters) – Swiss financial regulator FINMA on Monday said it was seeking to identify any potential contagion risks for t..
News
Market stress indicators react sharply after U.S. bank failures
By Amanda Cooper, Yoruk Bahceli and Naomi Rovnick LONDON (Reuters) – Financial market stress indicators reacted sharply on Monda..
Finance
Britain’s tax take risks blowing green energy off target
By Susanna Twidale and Shadia Nasralla LONDON (Reuters) – A cap on revenue and the lack of the kind of incentives offered to oil..
Top Story
UK gives BBC World Service 20 million pounds to support English language broadcasting
LONDON (Reuters) – Britain said on Monday it had awarded a one-off payment of 20 million pounds ($24.13 million) to the BBC Worl..
News
Tesco to charge online, Booker suppliers new fulfilment charge
LONDON (Reuters) – Britain’s Tesco has told the suppliers of its online and Booker wholesale operations that they will nee..
Research Reports
Bristol Myers, Pfizer, AbbVie drugs likely to face U.S. price negotiation
By Michael Erman, Patrick Wingrove and Ahmed Aboulenein NEW YORK/WASHINGTON (Reuters) – The blood thinner Eliquis from Bristol M..
Research Reports
Porsche CEO: There is no conflict between e-mobility and e-fuels
WOLFSBURG (Reuters) – Porsche CEO Oliver Blume characterised the debate over e-fuels as “emotional” and said there w..
Technology
Britain toughens up diversity targets for UK companies
By Huw Jones LONDON (Reuters) – Britain’s top listed and private companies on Monday were called on to meet broader volunt..
News
The pound, gilts and stocks: likely winners and losers from UK budget
By Lucy Raitano, Samuel Indyk and Joice Alves LONDON (Reuters) – Britain’s City and business lobby are clamouring for swee..
News