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Business

BNP Paribas signs deal to buy HSBC private banking unit in Germany

BNP Paribas signs deal to buy HSBC private banking unit in Germany

  PARIS (Reuters) -BNP Paribas <BNPP.PA> has signed a deal to buy HSBC’s private banking unit in Germany as it continues to expand it..

Novo Nordisk faces US congressional grilling over price of weight loss drugs, FT reports

Novo Nordisk faces US congressional grilling over price of weight loss drugs, FT reports

  (Reuters) – Novo Nordisk’s chief executive is preparing for a showdown next week with U.S. Senator Bernie Sanders o..

Nike veteran Hill to replace Donahoe as CEO; shares jump

Nike veteran Hill to replace Donahoe as CEO; shares jump

By Juveria Tabassum, Nicholas P. Brown (Reuters) -Nike said on Thursday that former senior executive Elliott Hill will rejoin the comp..

Nike&#8217;s next CEO Hill brings a bootstraps mentality

Nike’s next CEO Hill brings a bootstraps mentality

By Nicholas P. Brown (Reuters) – Elliott Hill started at Nike as an intern in 1988 but steadily scaled its ranks, banking on v..

Analysis-Investors shun European car stocks despite rock bottom valuations

Analysis-Investors shun European car stocks despite rock bottom valuations

  By Sruthi Shankar and Danilo Masoni (Reuters) – European auto stocks are so unpopular right now that investors keep reduc..

UK supermarket sales growth slows after summer holidays

UK supermarket sales growth slows after summer holidays

LONDON (Reuters) – British supermarket sales growth slowed over the last month as consumers trimmed spending after their summer ..

French millers face long grind as rain-hit wheat harvest comes in

French millers face long grind as rain-hit wheat harvest comes in

PARIS (Reuters) – Flour mills in France are facing higher costs and a long search for grain as they feel the effects of a dire w..

UK&#8217;s Asda says retail veteran Stuart Rose to lead business

UK’s Asda says retail veteran Stuart Rose to lead business

  By James Davey LONDON (Reuters) -British supermarket group Asda, which has been losing market share, said its chairman, veteran..

BP to sell its US onshore wind business0

BP to sell its US onshore wind business0

(Reuters) -BP plans to sell its U.S. onshore wind energy business, it announced on Monday, saying the assets were not aligned with its..

Central Europe factories and retailers shut in flood-hit areas

Central Europe factories and retailers shut in flood-hit areas

By Jan Lopatka PRAGUE (Reuters) -Factories and stores across central Europe shut down production lines and closed their doors on Monda..

Saipem wins $4 billion contract from QatarEnergy

Saipem wins $4 billion contract from QatarEnergy

  (Reuters) – Italian energy engineering group Saipem said on Sunday it had won an offshore contract worth $4 billion from ..

US locks in steep China tariff hikes, many to start Sept. 27

US locks in steep China tariff hikes, many to start Sept. 27

By David Lawder (Reuters) -The Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty o..

Zara to offer its secondhand clothes service in US by October

Zara to offer its secondhand clothes service in US by October

MADRID (Reuters) – Zara will offer its service for selling, repairing or donating secondhand clothes in the United States by the..

Scotland&#8217;s only oil refinery to close next year, 400 jobs to go

Scotland’s only oil refinery to close next year, 400 jobs to go

By Ron Bousso and Robert Harvey LONDON (Reuters) -Grangemouth, Scotland’s only oil refinery, is to close in 2025 with the loss o..

Zara owner Inditex sees early autumn sales perk up after summer slowdown

Zara owner Inditex sees early autumn sales perk up after summer slowdown

By Corina Pons MADRID (Reuters) -Zara owner Inditex reported a jump in sales of its autumn/winter collection on Wednesday, boosting it..

Services&#8217; grip on UK economy tightens as manufacturing share ebbs further

Services’ grip on UK economy tightens as manufacturing share ebbs further

By Andy Bruce (Reuters) – Britain’s shift towards a services-dominated economy is accelerating, pushing manufacturing̵..

Etihad Airways plans IPO no earlier than 2025, sources say

Etihad Airways plans IPO no earlier than 2025, sources say

By Hadeel Al Sayegh, Andres Gonzalez and Federico Maccioni DUBAI/LONDON (Reuters) -Abu Dhabi’s Etihad Airways plans to make its ..

Key events at Nike under CEO John Donahoe

Key events at Nike under CEO John Donahoe

(Reuters) – Nike will hold its annual meeting virtually on Tuesday and a key issue to be voted on will be a workers’ right..

Retail, consumer CEOs see shorter tenures as boards act more quickly

Retail, consumer CEOs see shorter tenures as boards act more quickly

By Svea Herbst-Bayliss and Richa Naidu NEW YORK/LONDON (Reuters) – When two of the most powerful brands in retail and packaged f..

UK pay growth cools, keeping BoE on track for another rate cut

UK pay growth cools, keeping BoE on track for another rate cut

By Andy Bruce and Suban Abdulla LONDON (Reuters) -British pay growth cooled in the three months to July to a more than two-year low an..

Aldi UK says shoppers trading up as inflation eases

Aldi UK says shoppers trading up as inflation eases

By Paul Sandle LONDON (Reuters) -Supermarket group Aldi UK said its prices this summer were on average lower than a year ago, easing s..

Citi says 2025 oil prices could average $60/bbl without deeper OPEC+ cuts

Citi says 2025 oil prices could average $60/bbl without deeper OPEC+ cuts

  (Reuters) – If producer group OPEC+ doesn’t reduce production further, the average price of oil could drop to $60 p..

South Africa&#8217;s SPAR sells Polish business to Specjal

South Africa’s SPAR sells Polish business to Specjal

  JOHANNESBURG (Reuters) – South Africa’s second-biggest grocery group SPAR has sold its loss-making business in Pola..

Malaysia central bank to hold rates at 3.0% until at least 2026: Reuters poll

Malaysia central bank to hold rates at 3.0% until at least 2026: Reuters poll

  By Pranoy Krishna BENGALURU (Reuters) – Bank Negara Malaysia (BNM) will leave its key interest rate unchanged on Thursday..

BMW worldwide recalling Mini Cooper SE electric models, company says

BMW worldwide recalling Mini Cooper SE electric models, company says

  BERLIN (Reuters) -German automaker BMW is recalling electric Mini Cooper SE vehicles due to problems in their batteries, which ..

Lowest euro zone inflation in 3 years sets up ECB for cut

Lowest euro zone inflation in 3 years sets up ECB for cut

By Francesco Canepa and Balazs Koranyi FRANKFURT/TALLINN (Reuters) -Inflation in the euro zone fell to its lowest level in three years..

Uber invests in UK startup Wayve to speed up self-driving projects

Uber invests in UK startup Wayve to speed up self-driving projects

By Nick Carey LONDON (Reuters) – Ride-hailing platform Uber will invest in Wayve to help the British self-driving technology sta..

UK&#8217;s Sainsbury&#8217;s agrees deal to acquire 10 Homebase stores

UK’s Sainsbury’s agrees deal to acquire 10 Homebase stores

  LONDON (Reuters) – Britain’s second-largest supermarket group, Sainsbury’s, said on Thursday it had agreed to..

Europe shrugs off Nvidia chill to eye record high

Europe shrugs off Nvidia chill to eye record high

By Chibuike Oguh NEW YORK (Reuters) -Global shares edged higher on Thursday, shrugging off investor disappointment at artificial intel..

EU new car sales flat in July as battery-electric slumps, industry body ACEA says

EU new car sales flat in July as battery-electric slumps, industry body ACEA says

By Alessandro Parodi and Greta Rosen Fondahn (Reuters) -New car sales in the European Union rose 0.2% in July, slowed by declines in F..

HMD launches Barbie phone in partnership with Mattel

HMD launches Barbie phone in partnership with Mattel

  STOCKHOLM (Reuters) – HMD Global, which makes Nokia-branded phones, said it has teamed up with toymaker Mattel to launch ..

UK shop prices dip for first time in nearly 3 years, survey shows

UK shop prices dip for first time in nearly 3 years, survey shows

  (Reuters) – British shop prices fell in annual terms this month for the first time since October 2021, pushed down by sum..

Shell to shut-in portions of Louisiana Zydeco oil pipeline for maintenance

Shell to shut-in portions of Louisiana Zydeco oil pipeline for maintenance

  By Arathy Somasekhar HOUSTON (Reuters) -Oil major Shell on Monday said it plans to shut-in different portions of its Zydeco pip..

Pay gap between bosses and ordinary workers widens in Switzerland

Pay gap between bosses and ordinary workers widens in Switzerland

ZURICH (Reuters) -The gap between the highest- and lowest-paid workers in Switzerland widened in 2023, with top managers earning on av..

Analysis-Darkening global outlook, central bank pivots signal more turbulence

Analysis-Darkening global outlook, central bank pivots signal more turbulence

  By Leika Kihara, Howard Schneider and Balazs Koranyi JACKSON HOLE, Wyoming (Reuters) – Growing signs of lackluster growth..

Australian employees now have the right to ignore work emails, calls after hours

Australian employees now have the right to ignore work emails, calls after hours

  By Lewis Jackson SYDNEY (Reuters) – Is your boss texting you on the weekend? Work email pinging long after you’ve l..

Oil up over 1% but set to end week down on demand concerns

Oil up over 1% but set to end week down on demand concerns

By Ahmad Ghaddar LONDON (Reuters) -Oil prices rose 1% on Friday on a softer dollar but were still set to end the week lower as weaker ..