What’s better than OpenAI? Developers shop for alternatives
By Krystal Hu NEW YORK (Reuters) – Microsoft-backed OpenAI is no longer the only game in town for software developers looking to..
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Intercos fund shareholders L Catterton, OTPP sell 6% stake at 7% discount
MILAN (Reuters) – Private equity fund L Catterton and the Ontario Teachers’ Pension Plan (OTPP) said they had completed th..
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Factbox-Five facts about returning UBS CEO Sergio Ermotti
LONDON (Reuters) – Sergio Ermotti has been rehired as the CEO of Swiss banking giant UBS to steer its massive takeover of rival ..
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Wizz Air loses fight against $67 million in state aid for Romanian rival
By Foo Yun Chee BRUSSELS (Reuters) – European budget carrier Wizz Air on Wednesday lost its fight against 62 million euros ($67...
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Britain’s Next sees lower clothing inflation, shares dip on cautious outlook
By James Davey LONDON (Reuters) -British fashion retailer Next reported a better-than-expected 5.7% rise in annual profit on Wednesday..
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Banking turmoil means recession fears are creeping back
(Reuters) – The failures of U.S. lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse’s rescue,..
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Asian stocks rally as bank jitters calm, Alibaba lifts mood
By Ankur Banerjee SINGAPORE (Reuters) – Asian shares surged on Wednesday as easing concerns over the banking sector revived risk..
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Ride-hailing app Cabify raises $110 million for expansion in LatAm, Spain
BOGOTA (Reuters) – Spanish ride-hailing app Cabify has raised $110 million in financing aimed at accelerating its growth in Lati..
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UK broadcasters to stay prominent on smart TVs and speakers
LONDON (Reuters) – On-demand services from Britain’s BBC, ITV and other public service broadcasters must remain easy to fi..
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Explainer-What are credit default swaps and why are they causing trouble for Europe’s banks?
By Amanda Cooper LONDON (Reuters) – Turbulence in Europe’s banks following the implosion of 167-year-old Credit Suisse and..
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Stocks rise after bank sale fuels investor risk appetite
By Amanda Cooper LONDON (Reuters) -Global stocks rose and the dollar eased on Tuesday, after a deal backed by the U.S. regulator for F..
News
UK’s Bellway to buy back shares, hike social housing output
By Aby Jose Koilparambil (Reuters) -UK’s Bellway will build a bigger share of homes in its social housing programme this fiscal ..
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Home battery sales in Germany may surge 59% this year -study
FRANKFURT (Reuters) – German sales of batteries to store solar energy at home may jump 59% this year as more residents seek a ch..
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EU approves law to end sales of new CO2-emitting cars by 2035
BRUSSELS (Reuters) – European Union countries’ energy ministers gave final approval on Tuesday to a law ending sales of ne..
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Euro 7 emissions proposals, the sequel Europe’s carmakers don’t want to see
By Christina Amann and Marie Mannes BERLIN/STOCKHOLM (Reuters) – European carmakers are fighting back against proposed emission ..
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Nvidia shows new research on using AI to improve chip designs
By Stephen Nellis (Reuters) – Nvidia Corp, the world’s leading designer of computer chips used in creating artificial inte..
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OneWeb-Eutelsat set for secondary London listing – The Times
(Reuters) – A combined company of London’s OneWeb and French satellite firm Eutelsat Communications SA is set to list on t..
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Amazon loses bid to throw out case by UK drivers seeking worker rights
LONDON (Reuters) -Amazon.com Inc has lost a bid to throw out three sample lawsuits brought by British delivery drivers seeking employm..
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EU seeks clarification on Italy post-COVID plan, freezes 19 billion euros
By Giuseppe Fonte and Gavin Jones ROME (Reuters) – The European Commission has frozen an overdue 19-billion-euro ($20.50 billion..
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BoE’s Bailey says rate-setters can put inflation before bank worries
By William Schomberg and Andy Bruce LONDON/MANCHESTER (Reuters) -Bank of England Governor Andrew Bailey signalled on Monday that inter..
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How brand marketers and agencies can most effectively reach customers with a recession looming
By Meagan Martino, Head of Demand for EMEA and the Americas at AppLovin With the UK headed for a possible recessi..
Business
In renewed push, Spain to tender EU funds for EVs, batteries in July
By Joan Faus BARCELONA (Reuters) – Spain plans to launch two tenders simultaneously around July to pick the recipients of 2 bill..
Technology
UK oil, gas firms to leave year’s worth of output in ground with tax hikes-report
LONDON (Reuters) – Windfall taxes mean oil and gas producers in the British North Sea will likely leave 500 million barrels of o..
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Hodge adds interest only to its professional mortgage
Specialist lender’s enhancement will offer professionals with complex incomes even greater flexibility Hodge has added interest only ..
Finance
UK retailers turn positive on sales hopes after bleak winter
LONDON (Reuters) – British retailers reported their first positive sales expectations in seven months, according to a survey pub..
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Li-Cycle to build French battery processing facility
By Ernest Scheyder (Reuters) – Li-Cycle Holdings Corp said on Monday it will build a French facility to break down batteries fro..
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Hungary’s booming wedding market doused by soaring inflation
By Gergely Szakacs and Krisztina Fenyo BUDAPEST (Reuters) – Soaring inflation is taking the steam out of Hungary’s wedding..
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Credit Agricole launches China M&A and investment banking business
HONG KONG (Reuters) – Credit Agricole, France’s second-biggest listed bank, has become the latest foreign lender to boost ..
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U.S. mid-tier lenders shares rise in Frankfurt after SVB deal
LONDON (Reuters) – The Frankfurt-listed shares of several mid-tier U.S. lenders rose sharply on Monday, after a buyer emerged fo..
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UK’s competition watchdog to examine EDF buying GE’s nuclear turbine unit
(Reuters) – UK’s anti-trust regulator said on Monday it was looking into whether FDF’s proposed acquisition of Gener..
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In inflation-hit Germany, massive strike over pay to cripple transport
By Klaus Lauer and Tom Sims BERLIN/FRANKFURT (Reuters) – A massive strike in Germany was set to begin early Monday, crippling ma..
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Marketmind: Banks are leaking money
A look at the day ahead in European and global markets from Wayne Cole It’s been a quiet Monday so far with Asian share markets ..
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Oil markets steady as investors weigh banking crisis, Russia
By Mohi Narayan and Florence Tan (Reuters) -Oil prices stabilised in Asian trade on Monday as investors sought cues from broader finan..
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How the 2023 banking crisis unfolded
(Reuters) – Global banks are staring at the biggest crisis since 2008 after two U.S. lenders collapsed, Switzerland’s Cred..
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Dollar outshines euro, sterling amid European bank jitters
By Hannah Lang WASHINGTON (Reuters) – The euro and sterling fell sharply against a strengthening dollar on Friday amid lingering..
Finance
Amazon, other retailers revamp ‘free’ shipping as costs soar
By Lisa Baertlein LOS ANGELES (Reuters) – There is no such thing as free shipping. Even so, Amazon.com Inc and other online reta..
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S&P Global fined 1.1 million euros for premature credit rating publications
By Marc Jones LONDON (Reuters) -The European Union’s securities watchdog has fined S&P Global Ratings 1.1 million euros ($1...
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