Mild recession ends Dutch economy’s strong post-COVID boom
AMSTERDAM (Reuters) -Economic growth in the Netherlands will be much slower than earlier expected this year, as a recession in the fi..
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UK’s BAE Systems to buy Ball Aerospace for about $5.55 billion
UK’s BAE Systems to buy Ball Aerospace for about $5.55 billion
(Reuters) -British defence group BAE Systems said on Thursday it agreed to buy Ball Aerospace business from Ball Corp for about $5.55 billion in cash..
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Asian stocks hit 9-month lows on worries over China, US rates
Asian stocks hit 9-month lows on worries over China, US rates
By Ankur Banerjee SINGAPORE (Reuters) – Asian shares sank to nine-month lows on Thursday, while the dollar was at a two-month peak as fears ove..
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Dollar shines against battered yen; Aussie dragged by jobs data, China woes
By Rae Wee SINGAPORE (Reuters) – The dollar pushed the yen deeper into intervention territory on Thursday as a resilient U.S. e..
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PayPal to halt UK crypto sales until 2024
By Elizabeth Howcroft LONDON (Reuters) – Payments giant PayPal will stop allowing UK customers to buy cryptocurrencies through ..
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Rouble strengthens towards 96 vs dollar after emergency rate hike
By Alexander Marrow (Reuters) -The Russian rouble strengthened towards 96 to the dollar on Wednesday, one day after the central bank ..
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HKEX remains committed to LME – CEO
By Pratima Desai and Polina Devitt LONDON (Reuters) -Hong Kong Exchanges and Clearing (HKEX) remains committed to the London Metal Ex..
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German solar battery firm sonnen sees bigger role backing up grid
By Vera Eckert FRANKFURT (Reuters) – Germany’s sonnen, which provides storage batteries for rooftop solar systems, has co..
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Industrial output jump gives euro zone growth small boost
FRANKFURT (Reuters) – The euro zone’s vast industrial sector rebounded in June, giving overall growth a small boost to en..
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UK house prices rise by least since 2020 and fall in London – ONS
LONDON (Reuters) – British house prices increased by 1.7% in the 12 months to June, the Office for National Statistics (ONS) sa..
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Bank of Ireland says it has fixed glitch that sparked flurry of withdrawals
By Padraic Halpin DUBLIN (Reuters) -Bank of Ireland has fixed technical problems that affected its services and allowed some customer..
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General, health insurance help Aviva to H1 profit beat
LONDON (Reuters) -British insurer Aviva posted an 8% rise in first-half operating profit to 715 million pounds ($909 million) on Wedn..
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ESA chief sees Ariane 6 debut launch delayed to next year
PARIS (Reuters) – The first launch of Europe’s new Ariane 6 rocket has slipped into 2024 after an incomplete recent groun..
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UK inflation rate slows to 6.8% in July
LONDON (Reuters) – British annual consumer price inflation slowed to 6.8% in July, figures from the Office for National Statist..
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Marketmind: Stock markets tense as China gloom builds
A look at the day ahead in European and global markets from Brigid Riley China’s new home prices fell in June for the first tim..
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Norway wealth fund to firms: use AI, but do it responsibly
By Gwladys Fouche OSLO (Reuters) – Norway’s $1.4 trillion wealth fund, the world’s single largest stock market inve..
News
Sweden, UK lead European shares lower on rate-hike fears
By Shashwat Chauhan and Ankika Biswas (Reuters) -UK and Swedish stocks led declines among European peers on Tuesday after data from b..
Finance
UK lenders trial government-backed loans for risky borrowers
By Martin Coulter and Muvija M LONDON (Reuters) – A handful of small UK commercial lenders are offering interest-free loans to ..
Finance
As World Cup breaks records, Adidas, Nike navigate bumps in retail demand
By Helen Reid and Amy Tennery LONDON/AUCKLAND (Reuters) – The unpredictability of the Women’s World Cup, with the U.S. kn..
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Lufthansa’s Eurowings sees positive operating result in FY 23
FRANKFURT (Reuters) – Lufthansa’s budget subsidiary Eurowings expects a positive operating result this year, chief execut..
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No sustained recovery on horizon for German economy -econ min
BERLIN (Reuters) – Germany’s economy is not likely to see a sustained recovery in the coming months based on early indica..
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Agnelli family’s Exor buys $2.8 billion stake in Philips
By Toby Sterling and Bart H. Meijer AMSTERDAM (Reuters) -Dutch investment firm Exor NV, controlled by Italy’s Agnelli family, h..
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German network regulator names 2nd managing director of Rosneft Deutschland
BERLIN (Reuters) – Germany’s network regulator on Monday said it had appointed Udo Giegerich as a second managing directo..
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Italy PM Meloni takes ‘full responsibility’ for bank tax
MILAN (Reuters) -Italian Prime Minister Giorgia Meloni on Monday took “full responsibility” for last week’s shock d..
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Analysis-Big losses in Russia-linked stocks have investors rethinking other depositary receipts
By Sinead Cruise and Carolina Mandl LONDON/NEW YORK (Reuters) – Global investors are losing confidence in securities linked to ..
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UK employers plan 5% pay rises, many resort to counteroffers: CIPD
By David Milliken LONDON (Reuters) – British employers expect to raise pay by 5% over the coming year and are increasingly maki..
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Best business to invest in
In today’s rapidly changing and interconnected world, the realm of investment offers an abundance of promising opportunities th..
Investment
Lloyd’s of London insurer Hiscox profit spikes on premium rise
By Carolyn Cohn LONDON (Reuters) -Lloyd’s of London insurer Hiscox posted a sharp rise in pretax profit on rising premium rates..
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Bottler Coca-Cola HBC lifts sales outlook
By Radhika Anilkumar (Reuters) -Coca-Cola HBC lifted its annual revenue forecast on Wednesday as the bottler benefited from higher pr..
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Germany’s Delivery Hero hikes 2023 revenue guidance
(Reuters) -German online takeaway food company Delivery Hero on Wednesday raised its full-year revenue outlook, after it swung to a p..
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Slowing down to speed up
By Tracy Richardson, Therapist (MSc), Wellness Consultant, and Founder of Serendipity Wellness Focussing upon ‘crushin..
Opinion
Greek EU-harmonised inflation rises to 3.5% y/y in July
(Reuters) – Greece’s annual EU-harmonised inflation accelerated to +3.5% in July from +2.8% in June, data showed on Tuesd..
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No quick fix to reverse Antarctic sea ice loss as warming intensifies – scientists
By David Stanway SINGAPORE (Reuters) – Sea ice in the Antarctic region has fallen to a record low this year as a result of risi..
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Fund manager abrdn’s assets hit by market volatility, shares dive
(Reuters) -Fund manager abrdn’s shares fell nearly 9% on Tuesday after it reported a drop in assets under management in the fir..
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Video-gaming revenue to grow 2.6% in 2023 on console sales strength – report
By Akshita Toshniwal (Reuters) – Global video-games market would return to growth in 2023 on the back of strong sales of consol..
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WeWork rival IWG’s half-year profit surges on high demand, improved pricing
By Aby Jose Koilparambil (Reuters) -Office rental firm IWG retained a “cautiously optimistic” outlook after posting a 48%..
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Germany’s Fraport sees earnings boost on higher passenger volumes
(Reuters) -Frankfurt Airport operator Fraport on Tuesday updated its 2023 core profit and net income forecasts, after first-half earn..
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