Heineken to invest $300 million in Brazil to expand premium beer portfolio
SAO PAULO (Reuters) – Heineken NV, the world’s second-largest brewer, said on Thursday it will invest 1.5 billion reais (..
News
News
US Treasury’s top international official heads to Europe, Asia for talks on economy
WASHINGTON (Reuters) – The U.S. Treasury Department’s top international official is heading to Europe and Asia this week ..
News
What to expect from King Charles’ coronation on May 6
By Michael Holden LONDON (Reuters) -King Charles will be crowned at Westminster Abbey in a ceremony full of pomp, pageantry and solemn..
News
Volvo Cars to axe 1,300 jobs as it steps up cost cuts
COPENHAGEN (Reuters) -Volvo Cars will lay off around 1,300 office-based employees in Sweden as it steps up cost cutting, the Sweden-ba..
News
Euro zone April business activity grows on strong services demand – PMI
By Indradip Ghosh BENGALURU (Reuters) – Growth in euro zone business activity sped up in April, though less than initially indi..
News
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..
News
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..
News
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 ..
News
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..
News
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..
News
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 ..
News
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..
News
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 ..
News
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..
News
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..
News
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..
News
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 ..
News
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..
News
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..
News
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..
News
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..
News
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..
News
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..
News
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..
News
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 ..
News
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..
News
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 ..
News
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..
News
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..
News
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..
News
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, ..
News
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 ..
News
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..
News
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..
News
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..
News
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..
News
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..
News