Swiss Re appoints Andreas Berger as new CEO from July
ZURICH (Reuters) -Reinsurance company Swiss Re said on Wednesday Andreas Berger would become group chief executive officer from July, ..
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CMA CGM acquires 10% in stake in Volvo-Renault EV joint venture, Renault says
(Reuters) – French car manufacturer Renault on Wednesday announced that shipping group CMA CGM officially joined Flexis, its par..
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Card payments no longer the default choice for consumers – local payments are the new hero
A new global study of 10,500 consumers across 37 markets reveals a mainstream shift in the way people around the world pay online Fin..
Finance
Euro zone factory downturn deepened again in March, PMI shows
LONDON (Reuters) – Euro zone manufacturing activity took a further turn for the worse in March, contracting at a steeper pace th..
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IKEA Foundation backs emerging market EV push with $100 million grant
LONDON (Reuters) – A global initiative to accelerate electric vehicle uptake has received a $100 million funding boost from the ..
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UK shop prices rise at slowest pace since December 2021
LONDON (Reuters) – Prices in British shops rose at the slowest pace in more than two years in March, the British Retail Consorti..
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Disney edges ahead in battle for board seats with activist investors
NEW YORK (Reuters) – Walt Disney appeared to pull ahead of activist investors in the battle for board seats and the future of th..
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UBS launches new $2bn share buyback
ZURICH (Reuters) -UBS on Tuesday announced it was launching a new share buyback programme of up to $2 billion, with up to half being c..
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BMW and India’s Tata Technologies to form JV for developing software
BENGALURU (Reuters) -BMW Group and Tata Technologies will form a joint venture for the development of software for the German luxury a..
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King Charles greets well-wishers after Easter Sunday service
WINDSOR, England (Reuters) -Britain’s King Charles greeted well-wishers in an impromptu walkabout after an Easter church service..
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China believes France will provide fair business environment for Chinese firms, foreign ministry says
BEIJING (Reuters) – China will import even more high-quality products and services from France and believes the European country..
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Exclusive-Microsoft to separate Teams and Office globally amid antitrust scrutiny
BRUSSELS (Reuters) – Microsoft will sell its chat and video app Teams separately from its Office product globally, the U.S. tech..
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Xiaomi’s EV buyers face up to seven-month wait for car, app shows
BEIJING (Reuters) -Xiaomi is advising would-be buyers of its new SU7 electric sedan that they could face an up to seven-month wait, it..
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Stocks subdued, yen in focus, with inflation data on tap
NEW YORK/LONDON (Reuters) -A gauge of global share markets was barely changed on Thursday as it was poised to end the quarter with sol..
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Hershey, Mondelez bet big on Easter as cocoa price crisis looms
(This March 26 story has been refiled to correct the data source to ‘NielsenIQ’ from ‘Nielsen’ in paragraph 23..
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Greece to raise monthly minimum wage by 6.4% to 830 euros
ATHENS (Reuters) – Greece will raise its monthly minimum gross wage by 6.4% to 830 euros, the conservative government said on Fr..
Finance
Syngenta ditches multi-billion dollar China IPO bid
BEIJING (Reuters) -Swiss agrichemicals and seeds group Syngenta on Friday withdrew its bid for a multi-billion dollar listing on the S..
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India keen on trade deals with Britain, Oman early in Modi’s probable third term, sources say
By Shivangi Acharya NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi is likely to prioritise completion of free trade d..
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UK’s Thames Water in crisis after shareholders refuse to pay up
LONDON (Reuters) -Thames Water, Britain’s biggest water utility, said on Thursday its shareholders had refused to pay 500 millio..
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Mercedes partly loses class action case over diesel defeat devices
BERLIN (Reuters) – A German court ruled on Thursday partly in favour of consumers in a class action suit against Mercedes Benz o..
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UK competition regulator decides against in-depth probe of Aviva, AIG Life UK merger
LONDON (Reuters) -Britain’s competition regulator said on Thursday that it has decided not to open an in-depth ‘phase 2..
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JD Sports’ January sales fall in ‘challenging’ market
LONDON (Reuters) -British sportswear retailer JD Sports said trading conditions remained challenging after its like-for-like sales dro..
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French company Valeo to use more Google Cloud AI tools
PARIS (Reuters) – French car parts maker Valeo said on Thursday it would be using more Google Cloud AI tools at Valeo, highlight..
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Analysis-Foreign firms’ losses from exiting Russia top $107 billion
(Reuters) – The corporate exodus from Russia since its 2022 invasion of Ukraine has cost foreign companies more than $107 billio..
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Climate change, AI in focus at Commonwealth’s Oct meet in Samoa
SYDNEY (Reuters) -Climate change and efforts to keep up with advances in artificial intelligence top the agenda for a Commonwealth mee..
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UK homeowners and businesses resilient to high interest rates, BoE says
LONDON, March 27 (Reuters) – British mortgage holders and businesses are generally coping well with high interest rates and prob..
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Analysis – Europe’s gas stocks point to healthy supply next winter
LONDON (Reuters) – The European Union will have plenty of gas in stock next winter and the remaining buyers of Russian pipelin..
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Factbox-European companies cut jobs as economy sputters
(Reuters) – The highest inflation for decades and the impact of the war in Ukraine have forced companies across Europe into layo..
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Ferrari to expand cooperation with battery supplier SK On
MILAN (Reuters) – Luxury sports car manufacturer Ferrari has entered a preliminary agreement with its electric-vehicle (EV) batt..
Business
Shares edge higher; yen’s drop to 1990 low lifts Nikkei
By Kevin Buckland and Amanda Cooper LONDON/TOKYO (Reuters) – Global shares rose on Wednesday, nudged higher by a rally in Japane..
Finance
Olympics-Parisians get ready to leave city with rental cash in pocket
PARIS (Reuters) – Like many Parisians, Martin Cassan will be heading the other way when the tidal wave of Olympics visitors hits..
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Big Oil’s climate planning not good enough, investor group says
By Simon Jessop LONDON (Reuters) -The current low-carbon transition plans of 10 of Europe’s and North America’s biggest li..
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Brazil, France launch $1.1 billion program to protect Amazon rainforest
By Ueslei Marcelino BELEM, Brazil (Reuters) -Brazil and France on Tuesday launched an investment program to protect the Brazilian and ..
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Unlocking Opportunities: The Advantages of Government-Approved Special Economic Zones
Special Economic Zones (SEZs) stand as bastions of economic innovation strategically crafted to catalyze growth and development. These..
Business
UK’s ASOS posts 18% drop in first-half sales
LONDON (Reuters) – Online fashion retailer ASOS posted an 18% drop in sales in its first half, but said it was on track to meet ..
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German consumer sentiment stays on slow recovery path, finds GfK
BERLIN (Reuters) – German consumer sentiment is expected to stay on its path of slow recovery in April, helped by fewer househol..
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France’s Atos seeks debt restructuring plan by July after record losses
(Reuters) -French IT consulting firm Atos is aiming to restructure its debt by July, the group said on Tuesday, after posting record a..
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