UK banks asked by lawmakers if they’re ‘exploiting’ savers with low rates
LONDON (Reuters) -British banks faced fresh criticism on Monday for the savings rates they offer to cash-strapped customers, in the la..
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Casino shares plunge as supermarket chain faces increased default risk
PARIS (Reuters) -Shares in France’s Casino plunged by as much as 20% to fresh record lows on Monday after the supermarket chain ..
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Panasonic needs four more EV battery plants, executive says
OSAKA, Japan (Reuters) -The battery arm of Japan’s Panasonic will need to build four more factories to reach its target for a sh..
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UK year-ahead inflation expectations rise to 5%: Citi/YouGov
LONDON (Reuters) -The British public’s expectations for inflation over the coming year rose in June but long-run expectations ea..
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Apple makes history as first $3 trillion company amid tech stock surge
(Reuters) – Apple Inc became the first company in the world to reach a market value of $3 trillion, buoyed by hopes over its exp..
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Australia’s United Malt agrees to $1 billion takeover offer from France’s InVivo
(Reuters) -United Malt Group Ltd said on Monday it agreed to a A$1.5 billion ($999 million) takeover offer from Malteries Soufflet, a ..
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Hong Kong May retail sales rise 18.4%, sixth month of growth
HONG KONG (Reuters) – Hong Kong’s May retail sales rose 18.4% from a year earlier thanks to the revival of inbound tourism..
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Are retailers ready for Amazon Prime Day?
The date for ‘Amazon Prime Day 2023’ has been confirmed, with the online giant announcing its shopping extravaganza will take place on..
Opinion
UK car output jumps 27% in May from year earlier on steady EV demand
(Reuters) – Britain’s car production rose for a fourth straight month in May, driven by higher demand for electric vehicle..
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Volkswagen in talks with Tesla to adopt its charging standard
(Reuters) -Volkswagen is in talks with Tesla to adopt its North American Charging Standard (NACS) technology, while the German automak..
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AutoStore to appeal London high court loss to Ocado in patent feud
LONDON (Reuters) – Norwegian robotics firm AutoStore said on Thursday it will appeal a London high court judgement in March whic..
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Credit Suisse appoints investment banking management committee -memo
NEW YORK (Reuters) – Credit Suisse Group AG on Thursday appointed an investment banking management committee to oversee its inte..
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Britain’s Ocado follows rivals in cutting some prices
LONDON (Reuters) – British online supermarket Ocado Retail has followed rivals by cutting prices of some essential items, adding..
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D2C experts market rocket offer tips to give your ecomm a boost
As UK internet shopping tops more than $120 billion, accounting for around 30% of total retail sales, Direct to Consumer (D2C) experts..
Business
Catalonia cracks down on booming marijuana industry
BARCELONA (Reuters) – Heavily-armed police officers arrived in a well-to-do Barcelona suburb before dawn to raid a two-storey ho..
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South African citrus growers say EU pest rules putting squeeze on exports
(Reuters) – New European Union pest control rules will cut South Africa’s orange exports to Europe by 20% this year, threa..
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India’s aerospace suppliers see upside in parts-making from record jet orders
PARIS/DELHI (Reuters) -Indian aerospace suppliers see record jet orders by the country’s top two carriers boosting domestic part..
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Chinese payment giants revive effort to accept foreign credit cards
HONG KONG (Reuters) – Chinese tech giants Tencent Holdings and Ant Group said that they would allow users to link international ..
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Euro zone lending takes another hit in May
(Reuters) – Euro zone bank lending slowed further in May, dragged down by higher interest rates and a recession in the bloc̵..
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Boohoo urges Revolution Beauty to call general meeting over board changes
(Reuters) – Boohoo on Wednesday urged Revolution Beauty to call for its requisitioned general meeting “without further del..
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SAP CEO: huge growth potential in generative AI
(Reuters) – German business software maker SAP sees huge growth potential in generative AI technology, Chief Executive Officer C..
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Nissan will not fill COO position left open by Gupta’s departure
TOKYO (Reuters) – Nissan Motor Co has decided to not fill in the chief operating officer position vacated by Ashwani Gupta under..
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Asia shares subdued, yen shunned as euro shines
Asia shares subdued, yen shunned as euro shines By Wayne Cole SYDNEY (Reuters) – Asian shares stalled on Wednesday as surprising..
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Google lays off staff at its mapping app Waze
Google lays off staff at its mapping app Waze (Reuters) -Alphabet-owned Google on Tuesday said it is cutting jobs at mapping app Waze ..
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Google lays off staff at its mapping app Waze
One in seven Britons faced hunger in 2022, says food bank charity By James Davey LONDON (Reuters) – One in seven people in the U..
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Cryptoverse: Bitcoin bounces on BlackRock buzz
Cryptoverse: Bitcoin bounces on BlackRock buzz By Lisa Pauline Mattackal and Medha Singh (Reuters) – What would Satoshi make of ..
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Hungary not getting EU recovery funds would hit credibility – Fitch
Hungary not getting EU recovery funds would hit credibility – Fitch By Gergely Szakacs BUDAPEST (Reuters) – Any failure by..
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German bond yield curve most inverted in nearly 31 years
German bond yield curve most inverted in nearly 31 years By Stefano Rebaudo (Reuters) -The German yield curve was at its most inverted..
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Aston Martin’s shares skid after it drops sales volume target
Aston Martin’s shares skid after it drops sales volume target By Aby Jose Koilparambil (Reuters) – British luxury carmaker..
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Renault CEO says free float of future electric unit will be more than 10%
Renault CEO says free float of future electric unit will be more than 10% PARIS (Reuters) – A sizeable chunk of Renault’s ..
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Accor plans to add more than 1,200 hotels
Accor plans to add more than 1,200 hotels (Reuters) -Accor plans to open more than 1,200 hotels in the next five years, increasing the..
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China’s state banks seen selling dollars offshore to slow yuan drop – sources
China’s state banks seen selling dollars offshore to slow yuan drop – sources SHANGHAI/BEIJING (Reuters) -China’s ma..
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Indonesia’s Pertamina, Electrum sign battery packs development deal
Indonesia’s Pertamina, Electrum sign battery packs development deal JAKARTA (Reuters) – Indonesia’s state energy com..
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Petronas, TotalEnergies and Mitsui ink carbon capture and storage project deal
Petronas, TotalEnergies and Mitsui ink carbon capture and storage project deal KUALA LUMPUR (Reuters) – Petronas said on Tue..
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Dollar holds firm ahead of U.S. durable goods, housing data
Dollar holds firm ahead of U.S. durable goods, housing data By Rocky Swift TOKYO (Reuters) – The U.S. dollar held its ground aga..
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Illumina starts job cuts, plans office exit to rein in costs
Illumina starts job cuts, plans office exit to rein in costs (Reuters) -Illumina Inc has commenced job cuts, the genetic sequencing eq..
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Britain says Celsa Steel has repaid emergency COVID loan, created 300 jobs
Britain says Celsa Steel has repaid emergency COVID loan, created 300 jobs LONDON (Reuters) – The British arm of Celsa Steel has..
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