Start-up Etioca eyes Nasdaq listing next year as it unveils electric taxi
MILAN (Reuters) – Shared mobility start-up Etioca aims to list on the stock market in the United States in spring, its co-CEO sa..
News
News
Moody’s flags Oct 21 as crucial date for UK rating
By Marc Jones LONDON (Reuters) – Moody’s top European analyst has flagged Oct. 21 as the next crucial date for BritainR..
News
Luc Remont proposed as new boss of French energy company EDF
By Tassilo Hummel and Elizabeth Pineau PARIS (Reuters) – French President Emmanuel Macron has proposed Luc Remont as EDF’s..
News
Russian central bank gives legal entities green light to trade foreign shares
MOSCOW (Reuters) -The Bank of Russia on Thursday gave legal entities the green light to buy the securities of “unfriendly”..
News
UK’s Kwarteng: Mini budget was essential in resetting debate around growth
LONDON (Reuters) – The British government’s so-called mini budget was essential in helping reset the debate around growth,..
News
Queen Elizabeth died of ‘old age’, death certificate shows
Balmoral Castle, her summer home in the Scottish highlands, on Sept. 8. The certificate records her time of death as 3.10 p.m. (1410 G..
News
ECB policymakers back jumbo rate hike, differ on balance sheet cut
By Francesco Canepa and Balazs Koranyi VILNIUS/FRANKFURT (Reuters) – European Central Bank policymakers continued to line up beh..
News
UK banks and insurers told to step up help for struggling customers
By Huw Jones LONDON (Reuters) – Britain’s Financial Conduct Authority (FCA) told banks and insurers on Thursday to do more..
News
H&M to cut costs as profits hit by inflation, cautious shoppers
By Anna Ringstrom STOCKHOLM (Reuters) – H&M, the world’s No.2 fashion retailer, launched a 2 billion Swedish crown ($1..
News
CEO Blume hails ‘historic moment’ as Porsche AG lists on Frankfurt exchange
FRANKFURT (Reuters) – Porsche AG Chief Executive Oliver Blume rang the bell and hugged colleagues on what he called the “h..
News
M&G appoints former head of AXA Investment Managers Andrea Rossi as new CEO
LONDON (Reuters) – British investment manager M&G said on Thursday that Andrea Rossi, a former head of AXA Investment Manage..
News
Challenging ‘orthodoxy,’ Kwarteng clings on after UK market rout
By Sinead Cruise, Alistair Smout and Elizabeth Piper LONDON (Reuters) – As new British finance minister, Kwasi Kwarteng hoped to..
News
UK car output rises in August, soaring costs cast shadow over recovery
(Reuters) – British car production rose for a fourth straight month in August, compared with a year earlier, although record inp..
News
UK banks told to reimburse customers tricked by scams
By Huw Jones LONDON (Reuters) – Banks will have to reimburse customers tricked into sending money in a type of online scam that ..
News
Bitcoin-sterling volumes spike to record high as British currency flounders
By Elizabeth Howcroft LONDON (Reuters) – Trading volumes between the British pound and the cryptocurrency bitcoin spiked to a re..
News
PIMCO CIO says UK market chaos not systemic but will have global impact
(Corrects name of conference to Delivering Alpha in first paragraph) WASHINGTON (Reuters) – The collapse of the British pound an..
News
Finland watching its waters closely after gas pipeline blasts, PM says
HELSINKI (Reuters) – Finland is watching its territorial waters very closely following explosions of two Nord Stream gas pipelin..
News
Italy slashes 2023 growth forecast but sees public finances improving
By Giuseppe Fonte and Gavin Jones ROME (Reuters) – Mario Draghi’s outgoing Italian government on Wednesday slashed next ye..
News
Amazon.com unveils device that tracks breath while sleeping
(Reuters) -Amazon.com Inc on Wednesday announced a contactless gadget that can monitor people’s sleep, along with updates to its..
News
Explainer-Why is Bank of England acting again? What next in the UK crisis?
LONDON (Reuters) – Britain’s central bank resorted to buying bonds again on Wednesday in an emergency move to reduce the c..
News
UK housing market may face perfect storm as mortgage rates rise, house prices drop
By Andy Bruce, Sinead Cruise and Carolyn Cohn LONDON (Reuters) – A surge in borrowing costs and a likely slowdown in economic gr..
News
Britain’s market rout stokes contagion fears around the globe
By Davide Barbuscia, Marc Jones and Dhara Ranasinghe NEW YORK/LONDON (Reuters) – The scale and speed of the sell-off in British ..
News
Chile authorities scour mountains for missing British astronomer
By Natalia A. Ramos Miranda SANTIAGO (Reuters) – Chile authorities on Wednesday were scouring an arid mountainous region of the ..
News
Apple falls on fears of slowing iPhone 14 demand
By Medha Singh and Nivedita Balu (Reuters) -Apple Inc shares fell more than 4% on Wednesday after a report that the tech giant was dit..
News
Lilium aims to build 400 air taxis a year, seek grants
PARIS (Reuters) – German air taxi developer Lilium Air Mobility plans to set up industrial capacity to make some 400 of its elec..
News
What is known so far about the Nord Stream gas pipeline leaks
By Nina Chestney LONDON (Reuters) – Three unexplained gas leaks detected in the Nord Stream 1 and 2 pipelines from Russia to Ger..
News
Bank of England statement on purchase of long-dated bonds
LONDON (Reuters) – The Bank of England said on Wednesday it would start a temporary programme of bond purchases to stabilise the..
News
Boohoo says exposure to sterling plunge is limited – finance chief
LONDON (Reuters) – British online fashion retailer Boohoo said on Wednesday its exposure to the recent plunge in the value of th..
News
Lego posts strong growth on robust demand, new store openings
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Lego on Wednesday posted double-digit sales growth in the first half of the ye..
News
Porsche’s blockbuster IPO is no ‘gamechanger’ for Europe’s battered markets
By Lucy Raitano and Andres Gonzalez LONDON (Reuters) – Porsche’s landmark listing is defying market turmoil giving a welco..
News
Inflation weighs on consumer morale in euro zone’s big three economies
BERLIN (Reuters) -Consumer morale was down across the euro zone’s three largest economies as high inflation shows no sign of rel..
News
Drinks group Pernod hires former Kering executive Oudinot for new unit
PARIS (Reuters) – French drinks group Pernod said it had hired Nicolas Oudinot, a former leading executive at luxury goods fashi..
News
White House’s Deese, asked about UK economic plans, stresses ‘fiscal prudence’
By Andrea Shalal WASHINGTON (Reuters) -White House economic adviser Brian Deese said on Tuesday he was not surprised by the negative r..
News
Meta says it removes China-based propaganda operation targeting U.S. midterms
By Katie Paul (Reuters) -Meta Platforms said on Tuesday it disrupted the first known China-based influence operation focused on target..
News
British health officials warn of difficult winter with flu and COVID
LONDON (Reuters) – British health officials on Wednesday warned that increased circulation of flu and a resurgence in COVID-19 c..
News
U.S. VP Harris to push against China’s Taiwan policy in Japan speech
By Trevor Hunnicutt TOKYO (Reuters) – U.S. Vice President Kamala Harris is expected to take aim at China’s actions toward ..
News
Jaguar Land Rover sets out to train workers, dealers for EV world
By Nick Carey LONDON (Reuters) – Luxury British carmaker Jaguar Land Rover said on Wednesday it would retrain 29,000 employees a..
News