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Canadian PM Justin Trudeau to attend King Charles’ coronation in London

Canadian PM Justin Trudeau to attend King Charles’ coronation in London

OTTAWA (Reuters) -Canadian Prime Minister Justin Trudeau will travel to Britain to attend the Coronation of King Charles at London..

Joby Aviation to get investment from Tesla shareholder Baillie Gifford

Joby Aviation to get investment from Tesla shareholder Baillie Gifford

(Reuters) – British investment management firm Baillie Gifford will invest $180 million in electric aircraft maker Joby Aviatio..

UniCredit to use 300 million euro charges for voluntary staff exits-sources

UniCredit to use 300 million euro charges for voluntary staff exits-sources

MILAN (Reuters) – UniCredit will use restructuring charges it is set to book this year to fund voluntary exits after receiving ..

Metro Bank posts second quarter of profitability on mortgage loans demand

Metro Bank posts second quarter of profitability on mortgage loans demand

(Reuters) – Metro Bank on Wednesday said it had reached underlying profitability for the second consecutive quarter, as net infl..

Flutter Q1 revenues jump 29% as U.S. races ahead, UK bounces back

Flutter Q1 revenues jump 29% as U.S. races ahead, UK bounces back

By Padraic Halpin DUBLIN (Reuters) -Flutter grew its revenue by 29% on a pro-forma basis in the first quarter, driven by a near doubl..

King Charles’ coronation will be an economic boost, Buckingham Palace says

King Charles’ coronation will be an economic boost, Buckingham Palace says

By Michael Holden LONDON (Reuters) – The coronation ceremony for King Charles on Saturday will be the most glorious display of ..

Cineworld gets US court approval to raise $2.26 billion after bankruptcy

Cineworld gets US court approval to raise $2.26 billion after bankruptcy

(Reuters) – Bankrupt movie theater chain Cineworld received U.S. court approval on Tuesday to raise $2.26 billion as part of its..

Revlon emerges from bankruptcy after lender takeover

Revlon emerges from bankruptcy after lender takeover

By Dietrich Knauth (Reuters) -Revlon Inc said on Tuesday that it has emerged from bankruptcy after cutting more than $2.7 billion in ..

Oil slumps 5% to five-week low amid US debt default fears

Oil slumps 5% to five-week low amid US debt default fears

By Scott DiSavino NEW YORK (Reuters) -Oil prices sank about 5% to a five-week low on Tuesday on concerns about the economy as U.S. po..

Dollar dips as job openings fall, Fed meeting in focus

Dollar dips as job openings fall, Fed meeting in focus

NEW YORK (Reuters) – The dollar fell Tuesday after data showed that U.S. job openings fell in March, a day before the Federal Re..

Sport-Ronaldo tops Forbes’ highest-paid athletes list in 2023 after Saudi move

Sport-Ronaldo tops Forbes’ highest-paid athletes list in 2023 after Saudi move

(Reuters) – Cristiano Ronaldo became the world’s highest-paid athlete after his move to Saudi Arabian side Al-Nassr nearl..

Ferrari, Enel X plan solar plant near Fiorano test track

Ferrari, Enel X plan solar plant near Fiorano test track

ROME (Reuters) – Italian sports car maker Ferrari said it has signed a deal with Enel’s Enel X to build a 1 megawatt peak ..

Norway wealth fund CEO denies pay discrimination in case by female employee

Norway wealth fund CEO denies pay discrimination in case by female employee

OSLO (Reuters) – The chief executive of Norway’s $1.4 trillion sovereign wealth fund, Nicolai Tangen, on Tuesday denied ac..

Soft lending and inflation data pave way for smaller ECB hike

Soft lending and inflation data pave way for smaller ECB hike

By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -Euro zone banks are turning off the credit taps and a key gauge of inflat..

Italian hearing aid maker Amplifon expects higher 2023 earnings

Italian hearing aid maker Amplifon expects higher 2023 earnings

(Reuters) – Italian hearing aid maker Amplifon said on Tuesday it expects core profits to continue growing in 2023 thanks to ope..

DSM misses Q1 forecasts due to weak volumes and high costs

DSM misses Q1 forecasts due to weak volumes and high costs

(Corrects company description in 5th paragraph) (Reuters) – Dutch specialty chemicals maker DSM’s first-quarter profit and..

Geberit reports Q1 beat despite end of bathroom renovation boom

Geberit reports Q1 beat despite end of bathroom renovation boom

(Reuters) -Swiss plumbing supplies maker Geberit on Tuesday reported higher than expected operating cashflow in the first quarter, des..

Marketmind: RBA shock hike starts huge week for central banks

Marketmind: RBA shock hike starts huge week for central banks

A look at the day ahead in European and global markets from Asia markets correspondent Kevin Buckland. The Reserve Bank of Australia k..

Logitech Q4 sales plunge 22% as economic downturn worries weigh

Logitech Q4 sales plunge 22% as economic downturn worries weigh

(Reuters) – Logitech International posted a 22% drop in fourth-quarter sales on Tuesday, as growing worries of an economic down..

Factbox-Long-serving Qantas executive Vanessa Hudson named as next CEO

Factbox-Long-serving Qantas executive Vanessa Hudson named as next CEO

SYDNEY (Reuters) – Australia’s flagship carrier, Qantas Airways Ltd, on Tuesday named its finance chief Vanessa Hudson to ..

UK retailers report record food inflation but see falls ahead

UK retailers report record food inflation but see falls ahead

LONDON (Reuters) – Food prices at British supermarkets rose 15.7% in the year to April, the biggest annual increase in records g..

Bosch buys US semiconductor foundry to expand EV chip output

Bosch buys US semiconductor foundry to expand EV chip output

DETROIT (Reuters) – Germany’s Bosch Group has agreed to buy key assets of California chip manufacturer TSI Semiconductors ..

Essity mulls selling Vinda stake and Consumer Tissue Private Label Europe business

Essity mulls selling Vinda stake and Consumer Tissue Private Label Europe business

STOCKHOLM (Reuters) – Hygiene products group Essity said on Wednesday it has initiated a strategic review of its stake in China..

Markets mixed as tech boosts US stock futures, Europe dips

Markets mixed as tech boosts US stock futures, Europe dips

By Naomi Rovnick LONDON (Reuters) – Global stock markets were mixed on Wednesday as recession fears and banking sector strain w..

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 after its first-quarter profit beat market expectati..

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 everything from instant noodles to soap and ice cream, ..

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 artificial intelligence (AI) for the second quarter ..

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 potential buyers of its service and waste management..

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 Holdings has started selling to European markets incl..

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 quarter of 2023 thanks to price hikes, the German fi..

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-quarter sales to grow at a low- to mid-single-dig..

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 engine model – the next generation of the E-C..

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 half billion mark for monthly active users for the f..

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 grain deal is not working for Moscow, a day after..

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 banks should not ignore measures of money supply bu..

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% from a year earlier, helped by a 28% jump in copper..

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 overall sales volumes dip, the KitKat maker’s cand..