News

UK manufacturers see lowest inflation since Feb 2021 – CBI

UK manufacturers see lowest inflation since Feb 2021 – CBI

LONDON (Reuters) – British manufacturers expect to raise prices by the smalles..

German recession will be sharper than expected: Ifo

German recession will be sharper than expected: Ifo

BERLIN (Reuters) -The German economy will contract more than previously expected thi..

UK’s Berkeley forecasts 20% drop in house sales as interest rates rises weigh

UK’s Berkeley forecasts 20% drop in house sales as interest rates rises weigh

By Suban Abdulla and Aby Jose Koilparambil (Reuters) -British high-end housebuilder..

UK’s Halfords expects pricing efforts to drive profits

UK’s Halfords expects pricing efforts to drive profits

By Sarah Young LONDON (Reuters) -Halfords forecast profit would rise 3% in its curr..

European car sales rise in May – ACEA

European car sales rise in May – ACEA

BERLIN (Reuters) – European new car registrations increased in May, data from ..

Factbox – Graphite producers doing deals with automakers and battery groups

Factbox – Graphite producers doing deals with automakers and battery groups

LONDON (Reuters) – Automakers are rushing to lock in graphite supply from outs..

Mastercard launches global plan to recycle credit cards

Mastercard launches global plan to recycle credit cards

LONDON (Reuters) – Payments company Mastercard on Wednesday launched a global ..

UK fines WH Smith, M&S and others for not paying minimum wage

UK fines WH Smith, M&S and others for not paying minimum wage

LONDON (Reuters) – Britain has fined more than 200 companies, including top re..

Italy’s Brembo to move to Amsterdam to increase M&A options

Italy’s Brembo to move to Amsterdam to increase M&A options

MILAN (Reuters) – Italy’s Brembo is to move its legal headquarters to th..

Nasdaq to transfer European power business to EEX bourse

Nasdaq to transfer European power business to EEX bourse

By Vera Eckert and Nora Buli FRANKFURT/OSLO (Reuters) -Nasdaq will transfer its Eur..

Abu Dhabi-based ADQ’s talks to take Lazard private fall apart- FT

Abu Dhabi-based ADQ’s talks to take Lazard private fall apart- FT

(Reuters) – Abu Dhabi’s sovereign wealth fund ADQ held talks with inves..

Factbox-Hyundai’s plans for EVs, restructuring in China

Factbox-Hyundai’s plans for EVs, restructuring in China

(Reuters) – Hyundai Motor, the No. 3 global automaker by sales with its affil..

MTU and Safran to create JV on military helicopter developments

MTU and Safran to create JV on military helicopter developments

(Reuters) – German MTU Aero Engines and French Safran have signed a memorandum..

Britain backs greener air travel with $280 million funding package

Britain backs greener air travel with $280 million funding package

LONDON (Reuters) – Britain has announced 218 million pounds ($279 million) to..

Singapore tops list of costliest cities for goods, services aimed at the wealthy

Singapore tops list of costliest cities for goods, services aimed at the wealthy

SINGAPORE (Reuters) – Singapore for the first time became the most expensive ..

Lanxess slashes profit outlook as demand recovery lags

Lanxess slashes profit outlook as demand recovery lags

(Reuters) – German speciality chemicals maker Lanxess on Monday evening cut i..

Adobe’s $20 billion deal to acquire Figma under threat from EU regulators – FT

Adobe’s $20 billion deal to acquire Figma under threat from EU regulators – FT

(Reuters) -European antitrust regulators are preparing to launch a formal investiga..

Japan’s Suzuki to make ‘flying cars’ with SkyDrive

Japan’s Suzuki to make ‘flying cars’ with SkyDrive

TOKYO (Reuters) – Japanese automaker Suzuki Motor Corp said on Tuesday it had..

‘Great Resignation’ continues as quarter of workers look to change jobs – PwC

‘Great Resignation’ continues as quarter of workers look to change jobs – PwC

‘Great Resignation’ continues as quarter of workers look to change jobs ..

EU electric vehicles risk 4.3 billion euro post-Brexit tariff cost – auto body

EU electric vehicles risk 4.3 billion euro post-Brexit tariff cost – auto body

BRUSSELS (Reuters) – Post-Brexit rules forcing European automakers to source ..

UBS faces big penalty over Credit Suisse’s Archegos failings -FT

UBS faces big penalty over Credit Suisse’s Archegos failings -FT

(Reuters) – UBS Group AG faces hundreds of millions of dollars in penalties o..

Bank of England launches first sector-wide liquidity ‘stress test’

Bank of England launches first sector-wide liquidity ‘stress test’

By Huw Jones LONDON (Reuters) -The Bank of England has launched its first system-wi..

Royal Mail’s largest union to resume vote on deal with postal company on June 22

Royal Mail’s largest union to resume vote on deal with postal company on June 22

(Reuters) – The largest union of UK’s Royal Mail will resume voting on ..

Stocks rally stalls, eyes Powell testimony for rate clues

Stocks rally stalls, eyes Powell testimony for rate clues

By Naomi Rovnick and Stella Qiu LONDON, SYDNEY (Reuters) -Global shares drifted on ..

Biman Bangladesh to buy 10 Airbus jets, breaking Boeing reliance – minister

Biman Bangladesh to buy 10 Airbus jets, breaking Boeing reliance – minister

DHAKA/PARIS (Reuters) – State-owned carrier Biman Bangladesh Airlines has deci..

AstraZeneca planning China business spin off -FT

AstraZeneca planning China business spin off -FT

(Reuters) – Drugmaker AstraZeneca is drafting a plan to spin off its China bus..

ECB risks losing sight of ‘greedflation’ with laser-focus on wages

ECB risks losing sight of ‘greedflation’ with laser-focus on wages

FRANKFURT (Reuters) -The European Central Bank risks losing sight of corporate profi..

Oil slides more than $1 on China growth uncertainties

Oil slides more than $1 on China growth uncertainties

TOKYO (Reuters) -Global oil prices fell more than $1 on Monday, backing off last wee..

Dollar drifts as traders weigh rate path; yen fragile

Dollar drifts as traders weigh rate path; yen fragile

SINGAPORE (Reuters) – The U.S. dollar was tentative on Monday as investors tri..

JLR taps Everstream Analytics’ AI to dodge supply chain problems

JLR taps Everstream Analytics’ AI to dodge supply chain problems

By Nick Carey LONDON (Reuters) – JLR said on Monday it has partnered with sup..

British supermarket Morrisons cuts prices of nearly 50 products

British supermarket Morrisons cuts prices of nearly 50 products

LONDON (Reuters) – British supermarket Morrisons said on Monday it was cuttin..

France’s Macron vows to boost sustainable aviation fuel production

France’s Macron vows to boost sustainable aviation fuel production

PARIS (Reuters) – France will invest 200 million euros ($218.78 million) to bo..

Self-driving truck company Einride expands into Norway

Self-driving truck company Einride expands into Norway

By Johannes Birkebaek COPENHAGEN (Reuters) – Swedish electric self-driving tr..

Euro zone May inflation confirmed at 6.1% yr/yr, core eases

Euro zone May inflation confirmed at 6.1% yr/yr, core eases

BRUSSELS (Reuters) – Euro zone consumer inflation sharply decelerated in May, ..

Intel facility is largest greenfield investment in Poland, PM says

Intel facility is largest greenfield investment in Poland, PM says

WARSAW (Reuters) – Polish Prime Minister says Intel’s new semiconductor ..

Travis Perkins warns on profit in sign of UK housing market difficulty

Travis Perkins warns on profit in sign of UK housing market difficulty

LONDON (Reuters) -Travis Perkins, Britain’s biggest supplier of building mater..

Rheinmetall expects German ammunition order worth billions soon -CEO

Rheinmetall expects German ammunition order worth billions soon -CEO

By Sabine Siebold BRUSSELS (Reuters) -Rheinmetall expects to strike an ammunition d..