More banks join European instant payments pilot from end 2023
STOCKHOLM (Reuters) -Spotify Technology SA has crossed the half billion mark for monthly active users for the first time, helped by th..
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Recruiter Randstad beats Q1 earnings estimates despite hiring slowdown
(Reuters) -Dutch recruitment firm Randstad reported better-than-expected first-quarter core earnings on Tuesday, despite a slowdown in..
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Oil prices steady on uncertain global outlook and supply concerns
LONDON (Reuters) – Oil prices were steady on Monday as concern over rising interest rates, the global economy and the outlook fo..
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Britain sets up $125 million taskforce to drive AI
LONDON (Reuters) – Britain on Monday announced 100 million pounds ($124.5 million) in initial funding for a taskforce to help de..
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Climate change fight a ‘core duty’ for central banks – ECB’s Villeroy
By Marc Jones LONDON (Reuters) – France’s central bank governor François Villeroy de Galhau has pushed back against criti..
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German economy likely grew in Q1, beating expectations – Bundesbank
FRANKFURT (Reuters) – The German economy is likely to have expanded in the last quarter on a rebound in industrial production, ..
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Bitcoin could hit $100,000 by end-2024, Standard Chartered says
LONDON (Reuters) – Top cryptocurrency bitcoin could reach $100,000 by the end of 2024, Standard Chartered said on Monday, saying..
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Factbox-Europe’s ongoing strike-related travel disruptions
(Reuters) – Strikes in Europe could disrupt travel into the summer, as passengers numbers globally recover to pre-pandemic level..
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PIRC recommends vote for BP climate activist resolution
LONDON (Reuters) – Investor advisory firm PIRC on Monday recommended that BP shareholders vote against the company’s chair..
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Credit squeeze ‘biggest threat’ to economic outlook, Fidelity International says
PARIS (Reuters) – The biggest threat to the economic outlook is a credit squeeze that has not finished filtering through the fin..
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Norway sovereign fund backs Teck Resources in battle with Glencore
OSLO (Reuters) -Norway’s sovereign wealth fund, one of the world’s largest investors, said on Friday it will support a pla..
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MG Motor launches plug-in hybrid option in Mexico as EV race heats up
By Kylie Madry MEXICO CITY (Reuters) – MG Motor is launching a plug-in hybrid SUV in Mexico, the carmaker said on Thursday, as ..
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Marketmind: Purchasing managers of the world, diverge
A look at the day ahead in European and global markets from Tom Westbrook A month-long risky-asset rally, in the absence of any furthe..
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German govt to slightly raise 2023 GDP forecast – sources
By Holger Hansen BERLIN (Reuters) -The German government is set to slightly raise its economic growth forecast for this year to 0.4% ..
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Siemens Energy signs 7-billion-eur offshore power deal with TenneT
BERLIN (Reuters) – Siemens Energy has won contracts worth almost 7 billion euros ($7.68 billion) as part of a consortium with S..
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IKEA plans new U.S. stores in $2.2 billion push to challenge Walmart and Wayfair
By Helen Reid LONDON (Reuters) – IKEA stores owner Ingka Group will spend 2 billion euros ($2.2 billion) expanding in the Unite..
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PGE signs wind turbine supply deal for Baltica 2
GDANSK (Reuters) – Poland’s biggest utility PGE said on Thursday a unit of the company had signed a deal with Siemens Gam..
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Investors warn big consumer firms over price hikes as competitors gain
By Richa Naidu and Jessica DiNapoli LONDON/NEW YORK (Reuters) – Consumer goods companies like P&G, Unilever and Nestle shou..
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GSK-spinoff Haleon forecasts 2023 organic revenue growth at top-end of view
(Reuters) – Consumer healthcare group Haleon expects 2023 organic revenue growth towards the upper end of its 4%-6% forecast, i..
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Analysis-Crisis radar falls on fault lines in Europe’s commercial property
By Chiara Elisei and Dhara Ranasinghe LONDON (Reuters) – European banks appear better positioned than U.S. peers to weather any..
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Renault revenues rise 30% in Q1 on higher sales and prices
PARIS (Reuters) -French car maker Renault said on Thursday revenues had grown by 30% in the first quarter thanks to a rebound in sale..
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IBM beats first-quarter profit estimates, signals demand holding up
(Reuters) -IBM Corp beat Wall Street expectations for first-quarter profit on Wednesday and signaled demand for IT services was better..
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Portugal PM welcomes Lufthansa’s interest in TAP, Scholz sees good fit
LISBON (Reuters) – Portuguese Prime Minister Antonio Costa welcomed the interest expressed by Lufthansa in the upcoming privati..
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Testing waters, Hungary’s central bank flags cut in top end of rate corridor
BUDAPEST (Reuters) – Hungary’s central bank could cut its 25% top collateralised loan rate next week as part of a “m..
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Euro zone services booming but sentiment recovery may have stalled -ECB’s Lane
DUBLIN (Reuters) -Growth in services across the euro zone is still accelerating but the steady improvement in business and consumer se..
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UK’s Heathrow, airlines appeal regulator’s landing fee cut
By Sarah Young LONDON (Reuters) -A cut to the fees Britain’s Heathrow can charge airlines faces separate appeals from the airpo..
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TIM shares slide as reported grid bids disappoint
ROME/MILAN (Reuters) – Shares in Telecom Italia (TIM) tumbled more than 5% on Wednesday on disappointment at the reported valuat..
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Heineken sees Europe resilience offseting Asia slowdown risk
BRUSSELS (Reuters) -Heineken maintained its forecast for 2023 profit growth with the risk of slower economic expansion in the Asia-Pac..
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Oil dips as potential Fed rate hike overshadows falling stocks
By Laila Kearney and Muyu Xu (Reuters) -Oil dropped on Wednesday as the market weighed potential interest rate hikes from the U.S. Fe..
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Just Eat Takeaway raises 2023 guidance, launches buyback
By Tristan Veyet and Laura Lenkiewicz (Reuters) -Just Eat Takeaway.com NV raised its 2023 adjusted core profit outlook on Wednesday, ..
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Allianz puts N26 stake up for sale at $3 billion valuation – FT
(Reuters) – A unit of Allianz SE has put about 5% of its stake in German online bank N26 up for sale at a steep discount, valuin..
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US FTC leaders will target AI that violates civil rights or is deceptive
WASHINGTON (Reuters) – Leaders of the U.S. Federal Trade Commission said on Tuesday the agency would pursue companies who misus..
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Crypto firms will develop ‘offshore’ without clear US rules, Coinbase chief says
LONDON (Reuters) -The U.S. and Britain should make their rules for the crypto industry much clearer to prevent firms from developing i..
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France’s Macron promises government action plan in next 100 days
PARIS (Reuters) -French President Emmanuel Macron on Monday gave himself 100 days to heal the country after weeks of protests and ange..
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Business insolvency in England and Wales soars in March
LONDON (Reuters) – More companies in England and Wales entered insolvency during March than at any point since monthly records s..
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Germany added 35% more electric car charge points in 2022, says BDEW
FRANKFURT (Reuters) – The number of electric vehicle charging points in Germany rose by 35% last year, exceeding the rate of in..
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GSK bets $2 billion on Bellus cough drug to soothe pipeline fears
By Natalie Grover and Aby Jose Koilparambil (Reuters) -GSK plans to buy Canada-based drug developer Bellus Health Inc in an all-cash ..
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