News

Armani sales up 18% in Q1 as Asia rebounds, U.S. slows down

Armani sales up 18% in Q1 as Asia rebounds, U.S. slows down

MILAN (Reuters) – Italy’s Armani said on Thursday that sales jumped 18%..

Analysis-Europe hits resistance in race to finalise green laws

Analysis-Europe hits resistance in race to finalise green laws

By Kate Abnett BRUSSELS (Reuters) – Increased political resistance to new EU ..

Oil eases as Russia downplays additional OPEC+ cuts

Oil eases as Russia downplays additional OPEC+ cuts

LONDON (Reuters) -Oil prices fell on Thursday after Russian Deputy Prime Minister Al..

British EV maker Arrival seeks second chance with US EV tax credits

British EV maker Arrival seeks second chance with US EV tax credits

By Paul Lienert and Nick Carey DETROIT/BICESTER, England (Reuters) – British ..

Ericsson beats US shareholder lawsuit over graft disclosures

Ericsson beats US shareholder lawsuit over graft disclosures

(Reuters) – Swedish telecoms company Ericsson beat a lawsuit by U.S. sharehold..

Dollar gains after Fitch watch heightens debt ceiling jitters

Dollar gains after Fitch watch heightens debt ceiling jitters

TOKYO (Reuters) – The dollar pushed to a two-month peak against a basket of it..

Enel suspends Colombia wind farm construction after years of protests

Enel suspends Colombia wind farm construction after years of protests

BOGOTA (Reuters) – The Colombian unit of Italy’s biggest utility, Enel,..

UK car output up 9.9% y-o-y in April as supply chain issues ease

UK car output up 9.9% y-o-y in April as supply chain issues ease

(Reuters) – The number of cars made in Britain rose by 9.9% year-over-year in ..

BoE’s Bailey says ‘big lessons’ to be learned from UK inflation surge

BoE’s Bailey says ‘big lessons’ to be learned from UK inflation surge

LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Tuesday the British..

Watchdog proposes first set of global rules for crypto sector

Watchdog proposes first set of global rules for crypto sector

LONDON (Reuters) -International securities watchdog IOSCO unveiled on Tuesday the fi..

Denmark to boost healthcare with an extra $739 million per year

Denmark to boost healthcare with an extra $739 million per year

COPENHAGEN (Reuters) -Denmark will use stronger-than-expected economic growth to boo..

Germany’s Lufthansa orders four Airbus planes

Germany’s Lufthansa orders four Airbus planes

(Reuters) – German flagship carrier Lufthansa signed a contract to purchase f..

Drahi boosts stake in BT to 24.5%, will not make an offer

Drahi boosts stake in BT to 24.5%, will not make an offer

By Sarah Young LONDON (Reuters) -Billionaire Patrick Drahi has increased his stake ..

High inflation helps to swell UK budget deficit in April

High inflation helps to swell UK budget deficit in April

By Andy Bruce LONDON (Reuters) -Britain borrowed more than expected in April as hig..

Services drive acceleration in German business activity in May -flash PMI

Services drive acceleration in German business activity in May -flash PMI

BERLIN (Reuters) – German business activity expanded for a fourth month runnin..

UK meat producer Cranswick’s full-year profit rises on strong demand

UK meat producer Cranswick’s full-year profit rises on strong demand

(Reuters) -Cranswick Plc on Tuesday reported a rise in full-year profit, as the Brit..

Euro 7 emissions standard to cost many times EC forecasts -industry group

Euro 7 emissions standard to cost many times EC forecasts -industry group

LONDON (Reuters) – Proposed Euro 7 emissions regulations will lead to direct c..

Meta fined $1.3 billion over data transfers to US – WSJ

Meta fined $1.3 billion over data transfers to US – WSJ

(Reuters) – Facebook owner Meta Platforms Inc has been fined $1.3 billion by ..

Britain chips away at NatWest stake with $1.6 billion share sale

Britain chips away at NatWest stake with $1.6 billion share sale

By Iain Withers and Amy-Jo Crowley LONDON (Reuters) -British state-backed bank NatW..

Explainer-How Wall Street is preparing for possible US debt default

Explainer-How Wall Street is preparing for possible US debt default

By Davide Barbuscia and Pete Schroeder NEW YORK/WASHINGTON (Reuters) – As tal..

Markets edgy as US debt ceiling talks near crunch time

Markets edgy as US debt ceiling talks near crunch time

By Stella Qiu SYDNEY (Reuters) – Asian stocks and Wall Street futures struggl..

Oil slips as U.S. debt caution offset supply concerns

Oil slips as U.S. debt caution offset supply concerns

By Florence Tan SINGAPORE (Reuters) -Oil prices slipped on Monday as caution around..

Energy costs for most British households to fall 18% from July -Cornwall Insight

Energy costs for most British households to fall 18% from July -Cornwall Insight

LONDON (Reuters) – Energy costs for most British households are expected to fa..

ECB needs to keep interest rates ‘sustainably high’ to combat inflation – Lagarde

ECB needs to keep interest rates ‘sustainably high’ to combat inflation – Lagarde

MADRID (Reuters) – The European Central Bank needs to keep interest rates high..

Oil rebounds on fading risk of U.S. debt default

Oil rebounds on fading risk of U.S. debt default

By Noah Browning LONDON (Reuters) -Oil prices rebounded on Friday from losses of mo..

Siemens Energy close to selling stake in Windar Renovables – source

Siemens Energy close to selling stake in Windar Renovables – source

(Reuters) – Siemens Energy is close to striking a deal to sell Siemens Gamesa..

Stocks reach one-month high on U.S. debt ceiling hopes

Stocks reach one-month high on U.S. debt ceiling hopes

LONDON, SINGAPORE (Reuters) -Global shares rose to a one-month high and the dollar t..

UK’s Nationwide to pay 340 million pounds to customers after profit leap

UK’s Nationwide to pay 340 million pounds to customers after profit leap

LONDON (Reuters) -British lender Nationwide will pay its customers 340 million pound..

Japan’s inflation stays above BOJ’s target, key gauge hits four-decade high

Japan’s inflation stays above BOJ’s target, key gauge hits four-decade high

By Takahiko Wada and Leika Kihara TOKYO (Reuters) -Japan’s core consumer infl..

Ripple buys crypto custody firm Metaco for $250 million

Ripple buys crypto custody firm Metaco for $250 million

(This May 17 story has been corrected to clarify that the token is called XRP, not R..

Burberry shares drop as weak US demand overshadows China rebound

Burberry shares drop as weak US demand overshadows China rebound

LONDON (Reuters) -British luxury fashion brand Burberry on Thursday reported stronge..

Aston Martin stock soars after $295 million on Geely investment

Aston Martin stock soars after $295 million on Geely investment

(Reuters) -Aston Martin’s stock popped nearly 22% on Thursday, after the luxu..

Japanese businesses pledge UK investment ahead of Sunak meeting

Japanese businesses pledge UK investment ahead of Sunak meeting

LONDON (Reuters) – Japanese businesses have committed to invest almost 18 bil..

Australia’s push for faster EV uptake will be slow to charge

Australia’s push for faster EV uptake will be slow to charge

(This May 17 story has been corrected to say the rollout of chargers started small ..

Credit Suisse bond wipe-out will not trigger credit insurance payout

Credit Suisse bond wipe-out will not trigger credit insurance payout

By Chiara Elisei LONDON (Reuters) -Holders of credit insurance linked to Credit Sui..

UK has held productive discussions with EU over car tariffs – minister

UK has held productive discussions with EU over car tariffs – minister

LONDON (Reuters) – Britain has had productive discussions with the European Un..

Mitchells & Butlers pub group says costs start to ease

Mitchells & Butlers pub group says costs start to ease

By Radhika Anilkumar (Reuters) -British pub and restaurant group Mitchells & Bu..