BioNTech warns of write-off of up to 900 million euros on COVID vaccine
By Ludwig Burger BERLIN (Reuters) – Shares in Germany’s BioNTech fell on Monday after it flagged write-downs of up to 900..
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Bayer to introduce its direct-seeded rice system in the Philippines
MANILA (Reuters) – Bayer AG said on Monday it plans to bring its direct-seeded rice programme to the Philippines in 2024, offer..
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Polish stocks rise in first session after parliamentary election
GDANSK (Reuters) – Polish stocks rallied on Monday after the ruling nationalists looked to have fallen short of a parliamentary..
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Atos Chairman Meunier steps down amid shareholders’ uproar
(Reuters) – Atos Chairman Bertrand Meunier has stepped down, the French IT consulting group said on Monday, following an uproar..
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Dollar buoyed by safe-haven bids, rate jitters
By Rae Wee SINGAPORE (Reuters) – The dollar was on the front foot on Monday in cautious trade as tensions in the Middle East es..
News
Artificial heart maker Carmat completes 7 million euro capital increase
PARIS (Reuters) – Artificial heart maker Carmat, whose financial situation has been under pressure, said on Monday that it had ..
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KKR prepares binding bid for Telecom Itali a’s grid as deadline looms
By Elvira Pollina MILAN (Reuters) – U.S. fund KKR is preparing to submit a multibillion euro bid for Telecom Italia’s (TI..
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Dollar softens slightly, yen in touching distance of 150
By Samuel Indyk and Brigid Riley LONDON (Reuters) – The U.S. dollar edged lower on Friday after its biggest daily increase sinc..
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Porsche: deliveries up in every region but China in first 9 months of 2023
BERLIN (Reuters) – Porsche said on Friday that deliveries worldwide for the first nine months of 2023 were up 10% on the year, ..
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Map maker TomTom’s Q3 loss narrows boosted by car branch growth
(Reuters) -Digital mapping specialist TomTom on Friday reported a smaller than expected operating loss for the third quarter, driven ..
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Singapore Q3 GDP up 0.7% y/y
SINGAPORE (Reuters) – Singapore’s economy grew faster than expected in the third quarter, preliminary government data sho..
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EU opens probe into X in test of new tech rules, pressure on TikTok, Meta
By Foo Yun Chee and Sheila Dang BRUSSELS/DALLAS (Reuters) -EU industry chief Thierry Breton on Thursday opened an investigation into ..
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TitanML Secures $2.8M to Solve the LLM Deployment Nightmare Plaguing Machine Learning Teams
TitanML’s deep learning deployment platform empowers enterprises to unlock the true value of AI investment by making LLM deployments ..
Technology
Ericsson books $3 billion impairment, says Q3 core profit fell 39%
STOCKHOLM (Reuters) -Ericsson on Wednesday announced a 32 billion Swedish crown ($2.9 billion) impairment charge related to its acqui..
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Best industries for project managers
The role of a project manager is akin to that of a ship’s captain in turbulent waters. They steer the ship, chart the co..
Opinion
Travis Perkins shares sink as weak housing market prompts profit warning
By Sarah Young LONDON (Reuters) -Travis Perkins, Britain’s biggest supplier of building materials, downgraded its annual profit..
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Asia stocks hit 2-week high as Fed talk turns dovish
By Tom Westbrook SINGAPORE (Reuters) – Asia’s stockmarkets rose on Wednesday and the dollar beat a retreat as a dovish sh..
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Euribor revamp aims to attract wider pool of banks
By Marc Jones and Huw Jones LONDON (Reuters) – Administrators of the Euribor bank-to-bank lending rate are proposing a revamp o..
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HP forecasts 2024 profit in line with estimates, boosts annual dividend
(Reuters) -HP Inc on Tuesday forecast fiscal 2024 earnings largely in line with estimates and raised its annual dividend, reflecting ..
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Exclusive-EU push for Big Tech to fund 5G rollout shelved to 2025, sources say
By Foo Yun Chee BRUSSELS (Reuters) -Europe’s telecoms operators pushing for Big Tech to help pay for the rollout of 5G and broa..
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Court OKs Mallinckrodt restructuring, $1 billion cut to opioid settlement
By Dietrich Knauth (Reuters) -Drugmaker Mallinckrodt on Tuesday won court approval for a bankruptcy plan that cuts $1 billion from wh..
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Estonia launches investigation into underwater communications cable malfunction -PM
(Reuters) – Estonia has launched an investigation into the malfunction of communications cable connecting it to Finland under t..
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IMF says global economy ‘limping along’, cuts growth forecast for China, euro zone
By Andrea Shalal MARRAKECH, Morocco (Reuters) -The International Monetary Fund on Tuesday cut its growth forecasts for China and the ..
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Ireland lays out plans for 100 billion euro sovereign wealth fund
By Padraic Halpin and Graham Fahy DUBLIN (Reuters) -Ireland laid out plans in Tuesday’s budget to turn some of the healthiest p..
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Soccer-UK and Ireland to host Euro 2028, Italy and Turkey get Euro 2032
By Gabrielle Tétrault-Farber NYON, Switzerland(Reuters) -The United Kingdom and Ireland will host the 2028 European Championship, w..
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Small business insurance companies
Starting and running a small business involves countless challenges and uncertainties. One crucial aspect that every small business o..
Business
Bank of England to review how it stress tests banks
By Huw Jones LONDON (Reuters) – Britain’s banking system is well capitalised to withstand shocks the Bank of England said..
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IMF says ‘weak tail’ of banks could struggle in an economic downturn
By Pete Schroeder and Elisa Martinuzzi WASHINGTON (Reuters) -Around 5% of banks globally are vulnerable to stress if central bank int..
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Dollar stalls as dovish Fed and China hopes help euro
By Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) – The dollar stalled and the euro ticked up on Tuesday as inves..
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Bank of England warns that some global asset valuations appear stretched
By David Milliken and Huw Jones LONDON (Reuters) -The Bank of England said on Tuesday that valuations for some financial assets may b..
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Imperative for Italy to control public spending, economy minister says
By Giuseppe Fonte ROME (Reuters) – Italy’s economy minister said on Tuesday strict control of public spending was essenti..
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Exclusive-Ukraine sounds out bondholders on debt restructuring, new financing -sources
By Karin Strohecker and Jorgelina do Rosario LONDON (Reuters) -Ukraine has been sounding out major investors over plans to restructur..
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Dollar gains against euro in flight to safety on Israel-Palestinian fighting
By Herbert Lash and Joice Alves NEW YORK/LONDON (Reuters) – The safe-haven dollar rose on Monday against the euro and sterling ..
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Renewables funds see record outflows as rising rates, costs hit shares
By Patturaja Murugaboopathy and Tommy Wilkes BENGALURU/LONDON (Reuters) – Investors ditched renewable energy funds at the faste..
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Investors on guard for oil price spike as Middle East turmoil rattles markets
By Lewis Krauskopf and Naomi Rovnick (Reuters) -Fears of a widening conflict in the Middle East are threatening more volatility for i..
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GSK signs shingles vaccine deal with China’s Zhifei for around $3 billion
By Maggie Fick and Andrew Silver LONDON/SHANGHAI (Reuters) – China’s largest vaccines company Zhifei will pay British dru..
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UK’s FTSE 100 outperforms peers as oil majors jump on Middle East conflict
By Khushi Singh and Bansari Mayur Kamdar (Reuters) -The commodity-heavy FTSE 100 was subdued on Monday, but outpaced its peers in Eur..
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