Business

UK recession risk deepens but consumers stay unfazed

PMI survey points to -0.4% GDP in Q3 - S&P Global Factory output falls - CBI But retail sales rise, according to official data Consumer confidence highest since Jan 2022…

Read More Here

Amazon to roll out ads on Prime Video in 2024

Sept 22 (Reuters) - Amazon Prime Video users will see ads on shows and movies from early next year unless they subscribe for an ad-free tier that would be at…

Read More Here

Euro zone recession risks grow as rate hikes bite-PMI

By Jonathan Cable LONDON, Sept 22 (Reuters) - The euro zone economy is likely contract this quarter and won't return to growth anytime soon, a survey showed, as the dampening…

Read More Here

Euro zone firms finally absorbing wage pressures -ECB’s Lane

NEW YORK, Sept 21 (Reuters) - Euro zone companies are finally absorbing wage pressures and the labour market has started to soften, European Central Bank chief economist Philip Lane said…

Read More Here

Britain says may clear restructured Microsoft-Activision deal

LONDON, Sept 22 - Microsoft's restructured acquisition of Activision Blizzard "opens the door" to the deal being cleared, Britain's antitrust regulator said on Friday. Microsoft announced the biggest gaming deal…

Read More Here

Gold defies strength in US dollar, yields as global rates peak

Gold saw its worst session in 12 on Thursday Dollar near six-month highs, yields at 16-year high Central banks approaching the end of policy tightening By Deep Kaushik Vakil Sept…

Read More Here

Oil prices rise as supply concerns outweigh demand fears

By Yuka Obayashi and Emily Chow TOKYO, Sept 22 (Reuters) - Oil prices rose on Friday as concerns that a Russian ban on fuel exports could tighten global supply outweighed…

Read More Here

Bank of England halts run of interest rate hikes as economy slows

By William Schomberg, Andy Bruce and Suban Abdulla LONDON, Sept 21 (Reuters) - The Bank of England halted its long run of interest rate increases on Thursday as the British…

Read More Here

ECB policymakers warn over stubborn inflation

FRANKFURT, Sept 21 (Reuters) - Euro zone inflation is stubbornly high with upside risks, so the European Central Bank's next move could still be a rate increase, policymakers said on…

Read More Here

Ryanair cuts routes, aircraft from Dublin where no ‘incentives’ to grow

DUBLIN, Sept 21 (Reuters) - Ryanair said on Thursday it will cut 17 routes from its winter schedule at Dublin airport and move all 19 of its new Boeing 737…

Read More Here

OpenAI unveils Dall-E 3, latest version of its text-to-image tool

(Reuters) - OpenAI unveiled Dall-E 3, the latest version of its text-to-image tool that uses its wildly popular AI chatbot ChatGPT to help fill in prompts. Dall-E 3 will be…

Read More Here

Oil falls as rate hike expectations offset US stock draw

By Trixie Yap Sept 21 (Reuters) - Oil prices fell in early Asian trade on Thursday, after posting the largest fall in a month in the previous session, as U.S.…

Read More Here

Dollar rallies, yen under pressure ahead of BOJ rate decision

By Brigid Riley TOKYO, Sept 21 (Reuters) - The dollar hit fresh peaks against a handful of currencies on Thursday, sitting around its highest versus the yen since early November,…

Read More Here

Gold prices dip as US Fed hardens hawkish policy stance

Equities fall, US yields and dollar advance after Fed Fed sees its inflation fight lasting into 2026 Gold off Sept. 1 highs hit on Wednesday By Swati Verma Sept 21…

Read More Here

Qantas ex-CEO takes 900% pay rise, but bonus cut amid scandals

By Byron Kaye SYDNEY, Sept 20 (Reuters) - Australia's Qantas Airways said its former CEO took a pay increase of 872% as he collected years' worth of long-term incentives on…

Read More Here

Germany weighs curbs on Huawei, sparking telco backlash

Interior ministry wants telcos to slash use of Huawei, ZTE Deutsche Telekom says deadline unrealistic, could hit service Plan to be presented to cabinet from next week By Andreas Rinke…

Read More Here

More than a fifth of cars sold in EU in August were full EVs – ACEA

By Nick Carey LONDON, Sept 20 (Reuters) - Just over one in five new cars sold in the European Union in August was fully electric, as sales of zero-emission models…

Read More Here

French supermarkets may seek price cuts of 2% to 5% from consumer goods firms -executive

Sept 20 (Reuters) - Supermarket groups in France could demand price cuts of 2% to 5% from food manufacturers in upcoming annual negotiations, the head of retailer Les Mousquetaires told…

Read More Here

EU needs centralised budget after Next Generation EU: ECB’s Panetta

FRANKFURT, Sept 20 (Reuters) - The European Union needs a common budget on top of national spending to maintain investment and provide the fiscal stance that can balance monetary policy,…

Read More Here

Ryanair faces new antitrust probe in Italy

ROME, Sept 20 (Reuters) - Italy's antitrust agency said on Wednesday it had opened an investigation into low-cost carrier Ryanair "for possible abuse of a dominant (market) position". Ryanair is…

Read More Here

UPDATED: Sterling hits lowest since May after cool UK inflation surprise

LONDON, Sept 20 (Reuters) - The pound fell to its lowest since late May on Wednesday after data showed UK inflation slowed more than expected in August, softening the case…

Read More Here

Dollar holds fast, yen in shaky territory

By Brigid Riley TOKYO, Sept 20 (Reuters) - The dollar remained firm against a basket of peers on Wednesday ahead of a much-anticipated rate decision by the Federal Reserve later…

Read More Here

Gold prices subdued

By Swati Verma Sept 20 (Reuters) - Gold prices were subdued on Wednesday as investors remained on guard for the U.S. Federal Reserve's policy decision and its updated outlook on…

Read More Here

Oil prices retreat further from 10-month highs

By Yuka Obayashi and Emily Chow TOKYO, Sept 20 (Reuters) - Oil prices retreated further from 10-month highs on Wednesday ahead of the U.S. Federal Reserve's interest rate decision, with…

Read More Here

Cash payments in the UK rise for first time in 10 years

Payments made with cash rose for the first time in a decade last year as consumers struggled with rising prices. But the number is still dwarfed by debit card use…

Read More Here

Turkish President Erdogan asks Musk to build Tesla factory in Turkey

By Chandni Shah and Daren Butler ISTANBUL, Sept 17 (Reuters) - Turkish President Tayyip Erdogan asked Tesla TSLA.O CEO Elon Musk to build a Tesla factory in Turkey, the country's…

Read More Here

ECB may need until spring to conclude that no more hikes are needed: Kazimir

FRANKFURT, Sept 18 (Reuters) - The European Central Bank's rate hike on Thursday may have been its last for now but policymakers will need until March to be sure and…

Read More Here

Alibaba tells Erdogan it plans to invest $2 billion in Turkey

ISTANBUL, Sept 18 (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd 9988.HK has told Turkish President Tayyip Erdogan it plans to invest $2 billion in Turkey. Michael Evans, president of Alibaba, made the…

Read More Here

UPDATED: Dollar hovers near six-month high before key central bank decisions

By Harry Robertson and Vidya Ranganathan LONDON/SINGAPORE, Sept 18 (Reuters) - The U.S. dollar hovered near a six-month high on Monday as traders looked ahead to interest rate decisions from…

Read More Here

Gold prices edge up ahead of likely Fed rate pause

Fed policy decision due on Wednesday COMEX gold speculators cut net long position By Swati Verma Sept 18 (Reuters) - Gold prices edged higher on Monday as investors priced in…

Read More Here

Oil rises on supply concerns, China demand recovery

By Florence Tan and Sudarshan Varadhan SINGAPORE, Sept 18 (Reuters) - Oil prices rose for a third straight session on Monday, buoyed by forecasts of a widening supply deficit in…

Read More Here

17

Sep

North Africa will be Italy’s key gas supplier for years, Eni top executive says

By Francesca Landini MILAN, (Reuters) - Algeria, Egypt and Libya will be Italy's main gas suppliers for the next few years, Eni's head of natural resources told Reuters, adding that…

Read More Here

17

Sep

Spain’s fashion retailer Mango to expand online sales in Africa

MADRID, (Reuters) - Spanish family-owned fashion retailer Mango has expanded its online sales in 20 markets, most of them in Africa, the company said in a statement. Mango said it…

Read More Here

Lagarde seized ECB colleagues’ handsets to prevent leaks

By Balazs Koranyi and Francesco Canepa Policymakers' phones taken before Buch's nomination Lagarde criticised leak of inflation forecast FRANKFURT/SANTIAGO DE COMPOSTELA, (Reuters) - European Central Bank President Christine Lagarde seized…

Read More Here

ECB’s Stournaras urges governments to help bring down inflation

Sept 17 (Reuters) - European Central Bank Governing Council member Yannis Stournaras said governments must do their part in reining in consumer prices after borrowing costs reached a level that…

Read More Here

Solar energy shines in global survey with 68% support

By Anthony Deutsch AMSTERDAM (Reuters) - More than two-thirds of the world's population favours solar energy, five times more than public support for fossil fuels, a global poll has found.…

Read More Here

G7 to announce Russian diamonds ban in 2-3 weeks

By Julia Payne BRUSSELS, Sept 15 (Reuters) - The Group of Seven countries is expected to announce a ban on Russian diamonds in the next 2-3 weeks, a Belgian government…

Read More Here

As prices fall, two thirds of global car sales could be EVs by 2030- study

By Nick Carey LONDON, (Reuters) - Spurred by falling battery prices, electric vehicles could hit price parity with fossil-fuel models in Europe in 2024 and the U.S. market in 2026,…

Read More Here

Chinese gold demand soars on economic worries and weaker yuan

BEIJING, Sept 15 (Reuters) - Chinese gold prices hit record highs this week, extending a months-long rally as consumers snap up the safe-haven asset to offset a depreciating yuan. The…

Read More Here

Mercedes-Benz threatened with recalls of Euro 6 cars over defeat devices

BERLIN, Sept 15 (Reuters) - Mercedes-Benz could face another wave of recalls after German transport authority KBA deemed inadmissible defeat devices installed in some of its vehicles, in a letter…

Read More Here

Apple to update iPhone 12 software in France to settle radiation row

By Elizabeth Pineau PARIS, Sept 15 (Reuters) - Apple said on Friday it would issue a software update for iPhone 12 users in France to potentially end a row with…

Read More Here

Euro zone swings to trade surplus y/y in July

BRUSSELS, Sept 15 (Reuters) - The euro zone swung to an unadjusted 6.5 billion euro trade surplus in July from a 36.3 billion euro deficit a year earlier as costs…

Read More Here

Bootmaker Dr Martens to offer repairs in sustainability step

By Helen Reid LONDON, Sept 15 (Reuters) - Dr Martens plans to launch a shoe repair service in Britain next month as it seeks to polish its sustainability credentials, encourage…

Read More Here

Gold rises after China data boosts yuan against dollar

Yuan touches two-week high vs dollar Gold poised for second consecutive weekly decline Platinum, palladium set for weekly gains By Swati Verma Sept 15 (Reuters) - Gold prices gained on…

Read More Here

Dollar holds steady, yuan rises on better-than-expected China data

By Brigid Riley TOKYO, Sept 15 (Reuters) - The dollar held steady in Asia on Friday, edging off slightly from overnight gains against peers, as the yuan strengthened in the…

Read More Here

Oil set to rise for a third week on strong China economic data

By Sudarshan Varadhan SINGAPORE, Sept 15 (Reuters) - Oil prices rose on Friday and are set for a third weekly gain, as better-than-expected Chinese economic data and reports of record…

Read More Here

UPDATED: WhatsApp denies report that the platform is exploring ads

Sept 15 (Reuters) - WhatsApp's top head on Friday denied a Financial Times report that said the Meta Platforms META.O owned messaging platform was exploring advertisements as it sought to…

Read More Here

Price-conscious Britons boost Lidl GB revenues by 19%

LONDON, Sept 14 (Reuters) - The British arm of German discount supermarket Lidl posted a 19% jump in revenues as its low prices attracted higher numbers of shoppers, but it…

Read More Here

Deutsche Bank to hold crypto for institutional clients

By Elizabeth Howcroft LONDON, Sept 14 (Reuters) - Deutsche Bank has partnered with Swiss crypto firm Taurus to provide custody services for institutional clients' cryptocurrencies and tokenised assets, Taurus said…

Read More Here

French power prices could rise 10% in early 2024

PARIS, Sept 14 (Reuters) - French electricity prices could rise by about 10% in early 2024 if the government follows recommendations flagged by the head of the country's energy regulator…

Read More Here

Global silver demand to fall 9.4% in 2023, Chile’s Cochilco says

SANTIAGO, Sept 14 (Reuters) - Global demand for silver will decline by 9.4% this year largely due to a drop in investment, but the market will maintain a deficit, according…

Read More Here

Photo Story: World’s first methanol-enabled container vessel name-giving ceremony in Copenhagen

CEO, A.P. Moller Holding A/S, Robert Maersk Uggla (left) and EU Commission President, Ursula von der Leyen during the name giving ceremony of the world's first methanol-enabled container vessel in…

Read More Here

Photo Story: Ryanair Belgium-based pilots go on strike

Ryanair Pilot representatives demonstrate on the first day of a two-day pilot strike at Brussels South Charleroi airport in Gosselies, Belgium, 14 September 2023. At Brussels South Charleroi Airport, a…

Read More Here

Carrefour in France sticks price warnings on food to shame suppliers

By Dominique Vidalon PARIS, Sept 14 (Reuters) - French supermarket chain Carrefour has slapped price warnings on products from Lindt chocolates to Lipton Ice Tea to pressure top consumer goods…

Read More Here

Britain faces ‘epidemic’ of shoplifting as Primark profits hit

John Lewis boss says shoplifting an 'epidemic' Store theft has dented Primark's profit margin Police, courts need to do more - AB Foods CEO LONDON, (Reuters) - Britain is seeing…

Read More Here

Ryanair CEO hopeful airfares will be flat next summer

DUBLIN, Sept 14 (Reuters) - Ryanair Group CEO Michael O'Leary said he is hopeful airfares will be flat next summer following recent sharp rises, but a lot will depend on…

Read More Here

BP begins search for new CEO with no clear front-runner

By Dmitry Zhdannikov and Ron Bousso LONDON, (Reuters) - BP CEO Bernard Looney's abrupt resignation has thrown the British oil major into a leadership crisis with no groomed front-runner to…

Read More Here