News

Japan’s SoftBank swings to quarterly profit, eyes on Arm unit

Japan’s SoftBank swings to quarterly profit, eyes on Arm unit

By Anton Bridge TOKYO (Reuters) -Technology investor SoftBank Group swung to a net ..

Germany says cybercrime by foreign actors rose by 28% in 2023

Germany says cybercrime by foreign actors rose by 28% in 2023

BERLIN (Reuters) – Cybercrime by foreign perpetrators surged in Germany in 20..

Amazon to invest $1.3 billion in France, create 3,000 jobs

Amazon to invest $1.3 billion in France, create 3,000 jobs

STOCKHOLM (Reuters) – Amazon said on Monday it would invest more than 1.2 bill..

UK’s Rightmove cuts 2024 revenue per advertiser forecast on tough market conditions

UK’s Rightmove cuts 2024 revenue per advertiser forecast on tough market conditions

(This May 10 story has been corrected to say ‘revenue per advertiser’ fo..

Microsoft to invest 4 billion euros in France

Microsoft to invest 4 billion euros in France

PARIS (Reuters) – Technology and software giant Microsoft will invest 4 billi..

Floods kill 37 in Indonesia’s West Sumatra, 17 missing

Floods kill 37 in Indonesia’s West Sumatra, 17 missing

TANAH DATAR (Reuters) – Flash floods and mud slides in Indonesia’s West ..

Currency market calm as US inflation data holds focus this week

Currency market calm as US inflation data holds focus this week

TOKYO (Reuters) – Major currencies were steady on Monday with the dollar conso..

UK employers plan 4% pay rises in coming year, survey shows

UK employers plan 4% pay rises in coming year, survey shows

LONDON (Reuters) – British employers expect to raise wages by 4% over the comi..

Novavax signs COVID-19 license deal with Sanofi, removes doubt about business viability

Novavax signs COVID-19 license deal with Sanofi, removes doubt about business viability

PARIS (Reuters) -Novavax on Friday erased doubts about its ability to remain in bus..

Retailer Lidl UK raises staff pay for third time in 12 months

Retailer Lidl UK raises staff pay for third time in 12 months

LONDON (Reuters) – The British arm of German supermarket group Lidl said it wo..

Honda sees full-year profit rising 2.8%

Honda sees full-year profit rising 2.8%

TOKYO (Reuters) – Japan’s Honda Motor Co forecast a 2.8% rise in operat..

Pandemic treaty talks to the wire, likely to miss first deadline, sources say

Pandemic treaty talks to the wire, likely to miss first deadline, sources say

By Jennifer Rigby LONDON (Reuters) – Talks to draw up a global pact to help f..

Rio Tinto had considered a bid for BHP-target Anglo American, AFR reports

Rio Tinto had considered a bid for BHP-target Anglo American, AFR reports

(Reuters) -Mining giant Rio Tinto had considered an offer for British miner Anglo A..

GeoPark to access $500 million from Vitol in return for oil deliveries

GeoPark to access $500 million from Vitol in return for oil deliveries

(Reuters) – GeoPark has struck a deal to sell a minimum of 20,000 barrels of o..

China’s push for greener aluminium hit by erratic rains, power cuts

China’s push for greener aluminium hit by erratic rains, power cuts

BEIJING (Reuters) – Erratic rainfall in China’s southwest is frustratin..

Oil hits 1-week high on demand hopes after China, US data

Oil hits 1-week high on demand hopes after China, US data

NEW YORK (Reuters) -Oil prices rose about 1% to a one-week high on Thursday after da..

Bank of England clears path for its first rate cut since 2020

Bank of England clears path for its first rate cut since 2020

By William Schomberg, David Milliken and Suban Abdulla LONDON (Reuters) -The Bank o..

STOXX 600 ends at record high; BBVA weighs on Spain

STOXX 600 ends at record high; BBVA weighs on Spain

(Reuters) -Europe’s benchmark index inched up to close at a record high on Thu..

Stocks gain as European shares hit new highs, dollar slips

Stocks gain as European shares hit new highs, dollar slips

NEW YORK/LONDON (Reuters) – World stocks edged higher on Thursday, helped by s..

Europe’s rush for rate cuts shifts global market power away from US

Europe’s rush for rate cuts shifts global market power away from US

LONDON (Reuters) – The Bank of England has sent a new signal that borrowing co..

Telefonica tops forecast with 79% surge in Q1 profit

Telefonica tops forecast with 79% surge in Q1 profit

MADRID (Reuters) – Spain’s Telefonica beat forecasts with a 79% surge in..

Brembo Q1 operating profit rises on record sales

Brembo Q1 operating profit rises on record sales

(Reuters) – Italian premium brake maker Brembo posted on Thursday an 8.5% year..

Stocks stall near record highs, pound poised for BoE

Stocks stall near record highs, pound poised for BoE

By Marc Jones LONDON (Reuters) – World stocks were taking a well-earned breat..

Spain’s BBVA turns hostile with $13 billion takeover bid for Sabadell

Spain’s BBVA turns hostile with $13 billion takeover bid for Sabadell

MADRID (Reuters) -Spanish bank BBVA presented a 12.23 billion euro ($13.11 billion) ..

ITV forecasts 12% jump in Q2 ad revenue on Euros demand

ITV forecasts 12% jump in Q2 ad revenue on Euros demand

LONDON (Reuters) – Britain’s ITV said its advertising revenue would jum..

TIM CEO sees potential benefits of almost 5 billion euros from new business plan – paper

TIM CEO sees potential benefits of almost 5 billion euros from new business plan – paper

ROME (Reuters) – The CEO of Telecom Italia (TIM) said in an interview on Thurs..

Platinum set for biggest deficit in a decade in 2024, says Johnson Matthey

Platinum set for biggest deficit in a decade in 2024, says Johnson Matthey

(Reuters) – The platinum market faces its largest supply shortfall in 10 years..

FTSE 100 hits record high, pound slips ahead of BoE verdict

FTSE 100 hits record high, pound slips ahead of BoE verdict

By Pranav Kashyap, Shubham Batra and Khushi Singh (Reuters) -The UK’s FTSE 10..

Puma upbeat on growing demand, shares jump

Puma upbeat on growing demand, shares jump

By Linda Pasquini and Helen Reid (Reuters) -A return to growth in the Americas help..

Uber shares tumble as weaker ride-share demand hurts Q2 forecast

Uber shares tumble as weaker ride-share demand hurts Q2 forecast

By Yuvraj Malik (Reuters) -Uber posted a surprise quarterly loss and forecast gross..

Oil prices rise after US crude stocks fall more than expected

Oil prices rise after US crude stocks fall more than expected

By Nicole Jao NEW YORK (Reuters) -Oil prices edged higher on Wednesday after U.S. o..

Olympics-Flame arrives in Marseille amid tight security

Olympics-Flame arrives in Marseille amid tight security

MARSEILLE, France (Reuters) – The Olympic flame landed on French soil amid tig..

UK tells tech firms to ‘tame algorithms’ to protect children

UK tells tech firms to ‘tame algorithms’ to protect children

LONDON (Reuters) – Social media platforms like Facebook, Instagram and TikTok ..

British pub group JD Wetherspoon expects profit at upper end of market forecast

British pub group JD Wetherspoon expects profit at upper end of market forecast

(Reuters) – British pub group J D Wetherspoon on Wednesday forecast its profit..

Alstom to ask shareholders for $1 billion in rights issue to slash debt

Alstom to ask shareholders for $1 billion in rights issue to slash debt

(Reuters) – French train maker Alstom on Wednesday said it would ask sharehold..

Munich Re Q1 net profit up 68%, in line with preliminary figures

Munich Re Q1 net profit up 68%, in line with preliminary figures

FRANKFURT (Reuters) – The German reinsurer Munich Re on Wednesday posted a 68..

Exclusive-Amazon breaks into Europe 5G networks with Telefonica cloud deal

Exclusive-Amazon breaks into Europe 5G networks with Telefonica cloud deal

STOCKHOLM (Reuters) – Telefonica Germany will move one million 5G customers to..