Euro zone business activity shrank again in Dec, pointing to recession -PMI
BENGALURU (Reuters) – The contraction in euro zone business activity continued at the end of 2023 due to a persistent downturn i..
Headlines
Headlines
French inflation rises 4.1% in December, as expected
PARIS (Reuters) -French consumer prices rose in December in line with expectations, preliminary data from the national statistics body..
Headlines
Generative AI’s wild 2023
(Reuters) – ChatGPT was well on its way to becoming a household name even before 2023 kicked off. Just weeks after the Nov. 30..
Headlines
Tesla delivers record Q4 cars, but China’s BYD steals top EV spot
(Reuters) -Tesla delivered a record number of electric vehicles in the fourth quarter, beating market estimates and meeting its 2023 t..
Headlines
Renewable energy’s share on German power grids reaches 55% in 2023
FRANKFURT (Reuters) -The share of renewables on Germany’s power grids rose by 6.6 percentage points to 55% of the total last yea..
Headlines
Oil prices gain 3% on supply concerns after oilfield shutdown in Libya
NEW YORK (Reuters) -Oil prices climbed about 3% on Wednesday after a disruption at Libya’s top oilfield added to fears that tens..
Headlines
Japan quake toll rises to 55 with many trapped under possibly thousands of homes
WAJIMA, Japan (Reuters) – A powerful earthquake that hit Japan on New Year’s Day killed at least 55 people, with rescue te..
Headlines
Oil prices settle down 3% as Red Sea shipping disruptions ease
BENGALURU (Reuters) -Oil prices fell 3% on Thursday as more shipping companies said they were ready to transit the Red Sea route, easi..
Headlines
Red Sea shipping workarounds add costs, delays for suppliers, retailers
LOS ANGELES (Reuters) -Toymaker Basic Fun’s team that oversees ocean shipments of Tonka trucks and Care Bears for Walmart and ot..
Headlines
Dollar hits 5-mth low against euro as Fed seen closer to rate cuts
NEW YORK (Reuters) -The dollar slipped to a five-month low against the euro and a basket of currencies on Wednesday on expectations th..
Headlines
Cybertruck designer says Tesla stainless steel pickup is no experiment
LOS ANGELES (Reuters) – The angular, polarizing design of the Cybertruck will help boost the Tesla brand, the electric vehicle m..
Headlines
Analysis-Italy’s bonds set for plain sailing until possible summer storms
MILAN (Reuters) – The first half of next year will offer favourable conditions for Italian government bonds after a stellar 2023..
Headlines
EU to extend emergency gas price cap for another year
BRUSSELS (Reuters) – The European Union is set to extend its emergency cap on gas prices for another 12 months to serve as a s..
Headlines
Steady hearts, steady hands as Vatican experts restore masterpieces
VATICAN CITY (Reuters) – Whenever Alessandra Zarelli, a restorer at the Vatican Museums, works on a masterpiece by an artist suc..
Headlines
Bank of Spain trims growth outlook for 2024, 2025
MADRID (Reuters) -The Bank of Spain on Tuesday lowered the country’s economic growth outlook for 2024 and 2025, citing slowing..
Headlines
Dollar jumps vs yen as BOJ sticks with ultra-loose policy
NEW YORK (Reuters) -The U.S. dollar jumped against the yen on Tuesday after the Bank of Japan gave no sign that its ultra-loose moneta..
Headlines
Factbox-Suez disruption: a new inflation risk on the horizon
FRANKFURT (Reuters) – A lengthy disruption of shipping via the Suez Canal could push up prices and weigh on economic growth, par..
Headlines
VW cost-cutting drive includes less staff, faster development
BERLIN (Reuters) -Volkswagen and worker representatives have agreed to measures for a cost-cutting drive that will yield 10 billion eu..
Headlines
Factbox-Will Iceland volcano affect flights, what damage could be caused?
STOCKHOLM (Reuters) – A volcano erupted late on Monday on Iceland’s Reykjanes peninsula, spewing lava and smoke across a w..
Headlines
Kenya, EU advance economic partnership agreement to boost trade
NAIROBI (Reuters) – Kenya and the European Union moved closer to sealing an Economic Partnership Agreement that will grant the E..
Headlines
Markets outpace central banks as rate cut bets fuel ‘everything rally’
LONDON (Reuters) -Markets have raced ahead of the U.S., euro zone and UK central banks to price in sizeable and frenetic interest rate..
Headlines
Explainer-What’s next for the EU AI Act?
STOCKHOLM/BRUSSELS/LONDON (Reuters) – European Union countries and lawmakers last week agreed a provisional deal for artificial ..
Headlines
How the world agreed to move away from fossil fuels at COP28
DUBAI (Reuters) – The COP28 climate summit in Dubai started with all the ingredients for spectacular failure: It proposed an e..
Headlines
Italian food historian cooks up carbonara controversy
ROME (Reuters) – Food is a serious business in Italy, part of the national identity, as illustrated by a row that has broken out..
Headlines
Air France-KLM raises medium-term profit goal, shares rise
(Reuters) -Air France-KLM raised a medium-term profitability goal and sped up transformation efforts, promising investors a 2-billion-..
Headlines
Major central banks hold rates steady as markets eye rapid cuts
LONDON (Reuters) – Markets think it’s all over. After a lengthy and historic monetary tightening campaign to battle high i..
Headlines
German institutes cut 2024 GDP forecast on uncertainty
BERLIN (Reuters) – Three leading German economic institutes cut their 2024 economic growth forecasts on Thursday, saying consume..
Headlines
BP challenges US energy regulator’s oversight of Venture Global LNG plant
HOUSTON (Reuters) -BP PLC has challenged U.S. energy regulators’ approvals of a Venture Global LNG liquefied natural gas expor..
Headlines
Wall Street inches higher after CPI report, crude slides
NEW YORK (Reuters) -U.S. stocks inched higher in choppy trading on Tuesday and the dollar dipped after a crucial report showed stick..
Headlines
Explainer-How Sweden’s commercial real estate problems could spark financial meltdown
STOCKHOLM (Reuters) – Soaring interest rates and too much debt are weighing down Sweden’ commercial real estate firms, mak..
Headlines
Wall Street subdued, gold slides ahead of CPI, Fed
NEW YORK (Reuters) -U.S. stocks were muted and gold slid on Wednesday, as investors bided their time ahead of crucial inflation data a..
Headlines
Europe agrees landmark AI regulation deal
Europe agrees landmark AI regulation deal By Foo Yun Chee, Martin Coulter and Supantha Mukherjee BRUSSELS/LONDON/STOCKHOLM (Reuters) &..
Headlines
German 2024 budget could be ready soon – Scholz
German 2024 budget could be ready soon – Scholz BERLIN (Reuters) -Germany’s coalition partners could soon finalise a draft..
Headlines
New COP28 draft deal stops short of fossil fuel ‘phase out’
New COP28 draft deal stops short of fossil fuel ‘phase out’ By Kate Abnett, Gloria Dickie and David Stanway DUBAI (Reuters..
Headlines
Yen falls as Japan’s negative rates expected to persist
Yen falls as Japan’s negative rates expected to persist By Karen Brettell NEW YORK (Reuters) – The Japanese yen weakened..
Headlines
As UK dental system decays, surging numbers seek treatment abroad
As UK dental system decays, surging numbers seek treatment abroad By Sachin Ravikumar and Ali Kucukgocmen LONDON/ISTANBUL (Reuters) ..
Headlines
Oil prices hold as investors still wary
Oil prices hold as investors still wary By Paul Carsten LONDON (Reuters) -Oil prices were steady on Monday as worries persisted around..
Headlines