Ericsson’s provision for U.S. probe hints of smaller fine, shares jump
STOCKHOLM (Reuters) – Ericsson said on Thursday it would book a 2.3 billion Swedish crown ($220 million) provision for an expect..
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German home solar power firm sees bright future as demand soars
By Vera Eckert and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) – Soaring demand for home solar power systems in Germany could..
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Leading a Multi-Generational Workforce
Q&A with Main Street Events’ Chief Executive Officer Jeffrey Zuckerman, on Leading a Diverse and Inclusive Multi-Gener..
Business
Lighting maker Signify cuts 2022 outlook again on China, business lighting
(Reuters) -Signify NV, the world’s biggest maker of lights, on Thursday again cut its full-year 2022 profit margin and sales gui..
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Ubisoft shares slump 20% after French video game maker warns on revenue
By Dominique Vidalon PARIS (Reuters) -Shares in Ubisoft fell 20% on Thursday after the French video game maker warned on revenue and p..
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Centrica names O’Brien as new CFO, raises earnings forecast
(Reuters) -British Gas owner Centrica on Thursday named Russell O’Brien as its chief financial officer, and raised its full-year..
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Suedzucker quarterly profits surge 73.5% despite cost rise
HAMBURG (Reuters) -Europe’s largest sugar producer, Suedzucker, on Thursday posted a rise of 73.5%% in quarterly earnings as hig..
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Varo Energy buys 80% of Dutch biogas firm; aims to double capacity by 2026
LONDON (Reuters) – Fuel trader and refiner Varo Energy, owned by Carlyle and energy trader Vitol, told Reuters on Thursday it ha..
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Mizuho Bank Luxemburg upgrades anti-financial crime compliance risk management with Napier
Mizuho Trust and Banking (Luxembourg) S.A , the Luxembourg subsidiary of Japan’s Mizuho Trust & Banking division (part of M..
Finance
KFC franchisees in Russia ask govt to halt sale of stores to local operator – RIA
MOSCOW (Reuters) – A number of KFC franchisees in Russia have asked the government to stop the sale of the Yum! Brands restauran..
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Chinese fret over elderly as WHO warns of holiday COVID surge
By Bernard Orr and Liz Lee BEIJING (Reuters) -People in China worried on Thursday about spreading COVID-19 to aged relatives as they p..
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Stocks becalmed before potential CPI storm
By Tom Westbrook SINGAPORE (Reuters) – Asian stocks hovered below seven-month highs on Thursday, as investors waited to see whet..
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Apple may add touch screens to Mac computers – Bloomberg News
(Reuters) -Apple Inc is actively working on adding touch screens to its Mac computers, Bloomberg News reported on Wednesday, citing pe..
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Global stocks advance ahead of U.S. inflation data
By Sinéad Carew and Huw Jones NEW YORK/LONDON (Reuters) – Wall Street equities followed Europe’s higher on Wednesday as in..
Finance
Christmas fizz prompts UK’s Sainsbury’s to lift profit guidance
By James Davey LONDON (Reuters) -Sainsbury’s, the first listed British supermarket to update on Christmas trading, forecast full..
Business
Move over TINA, it’s time for TARA
(Refiles to change title in paragraph four to CIO from chief executive for Global Fixed Income at PIMCO. No other changes to text) By ..
Investment
JD Sports sees bills-free young shoppers boosting profits
By Sarah Young LONDON (Reuters) – JD Sports expects young shoppers not yet saddled with household bills to defy the economic glo..
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Bayer shares gain on prospect of second activist pushing for change
By Ludwig Burger and Patricia Weiss FRANKFURT (Reuters) -Bayer is facing demands from activist investor Bluebell Capital Partners to b..
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Cellnex’s CEO Tobias Martinez steps down amid strategy shift
MADRID (Reuters) -Spanish phone tower operator Cellnex said on Wednesday its chief executive Tobias Martinez Gimeno has resigned after..
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StanChart weighing options, including sale, of aircraft lessor unit
SINGAPORE (Reuters) -Standard Chartered said it is looking to explore alternative options, including a sale, for its aviation finance ..
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Low use of shortened work hours points to mild German recession – Ifo
BERLIN (Reuters) – Low take up of a government-backed ‘Kurzarbeit’ shortened hours facility points to a “very ..
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Dollar stands firm while traders await CPI
By Tom Westbrook SINGAPORE (Reuters) – The dollar mostly held its ground on Wednesday in spite of downward pressure from lower b..
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Germany’s BioNTech buys British AI startup InstaDeep
(Reuters) -BioNTech SE has agreed to acquire British artificial intelligence (AI) startup InstaDeep for up to 562 million pounds ($682..
News
German chancellor meets auto, battery bosses in ‘mobility’ summit
By Victoria Waldersee and Andreas Rinke BERLIN (Reuters) – German carmakers, Tesla, chip producers and battery maker Northvolt m..
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Inflation fighting central bankers air climate role doubts
By Francesco Canepa and Lindsay Dunsmuir STOCKHOLM (Reuters) -Some of the world’s top central bankers aired concerns about being..
Finance
Organizational Culture Trends in 2023
By Kim Marie Branch Pettid, Owner and CEO of LeTip International Cultivating a workplace culture that prioritizes respect, equity, and..
Business
World Bank warns global economy could easily tip into recession in 2023
By David Lawder WASHINGTON (Reuters) – The World Bank slashed its 2023 growth forecasts on Tuesday to levels teetering on the br..
Finance
Analysis-Central Europe’s path to lower inflation strewn with hazards
By Luiza Ilie and Gergely Szakacs BUCHAREST (Reuters) – Romania’s 25 basis point rate hike on Tuesday may signal an end to..
Finance
Mercedes-Benz sells 2.05 million passenger cars in 2022
BERLIN (Reuters) -Mercedes-Benz delivered 2.05 million passenger cars in 2022, the company said on Tuesday, down 1% on the previous ye..
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How AI For Security Cameras Is Accelerating Business Improvements
By Daniël Reichman, CEO and Chief Scientist for Ai-RGUS As the world becomes more digital and populations increase, the amount of dat..
Technology
UK’s Morgan Advanced Materials reports cyber security incident on its network
(Reuters) – British industrial firm Morgan Advanced Materials Plc said on Tuesday it was assessing a cyber security incident aft..
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Cryptoverse: Bitcoin digs in for a bumpy new year
By Lisa Pauline Mattackal (Reuters) – Bitcoin’s looking steady in 2023. But it’s only been a week. Cryptocurrencies ..
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Taiwan calls on Germany to help maintain ‘regional order’
TAIPEI (Reuters) – Taiwan President Tsai Ing-wen called on Germany on Tuesday to help maintain “regional order” duri..
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French PM to unveil pension reform in big test for Macron
By Caroline Pailliez and Leigh Thomas PARIS (Reuters) – French Prime Minister Elisabeth Borne on Tuesday will unveil the details..
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Bentley cruises to record sales in 2022 despite China drop
By Nick Carey LONDON (Reuters) – British luxury carmaker Bentley on Tuesday reported record vehicle sales for 2022, with strong ..
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UK becoming less attractive for investment, manufacturers warn
By Andy Bruce LONDON (Reuters) – Britain has become less competitive and less attractive to foreign investors as a result of soa..
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Global stocks close in on 4-week highs, oil rises on hopes of ‘soft landing’
By David Randall NEW YORK (Reuters) -World stocks rallied on Monday to their highest levels since mid-December after China reopened it..
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