Westpac to layoff 300 workers in business and retail unit, says trade union
(Reuters) – Australian lender Westpac Banking Corp will cut around 300 jobs in its consumer and business banking segments at a ..
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British supermarket Waitrose cuts prices on 200 products
LONDON (Reuters) – British supermarket group Waitrose said on Monday it had reduced the price of more than 200 products as part..
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German media group Axel Springer eyes AI acquisitions
BERLIN (Reuters) – German media giant Axel Springer will establish a dedicated mergers-and-acquisitions team to look at firms sp..
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Two-speed economy in Sweden, central bank business survey shows
STOCKHOLM (Reuters) – Sweden’s economy is split between export and manufacturing businesses which are doing well and reta..
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Tesco reported to competition watchdog by consumer group over pricing concerns
LONDON (Reuters) -Tesco, Britain’s biggest retailer, has been reported to the competition regulator by consumer group Which? ov..
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AstraZeneca signs $2 billion agreement with Quell to develop cell therapies
(Reuters) – AstraZeneca said on Friday it had signed an agreement with Quell Therapeutics potentially worth more than $2 billion..
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Nomura’s India head of investment banking steps down -sources
NEW DELHI/HONG KONG (Reuters) -Nomura Holdings’ India Head of Investment Banking Utpal Oza has stepped down from the firm, sourc..
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Dassault Systemes targets doubling of earnings per share by 2028, announces new CEO
(Reuters) -French software provider Dassault Systemes on Friday forecast a doubling of its earnings per share (EPS) by 2028, and annou..
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Japanese investors plan to sue MUFG unit over Credit Suisse bonds – Nikkei
(Reuters) – A group of Japanese investors are planning to file lawsuits against some brokerages based in the country, including ..
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Asia shares lifted by Fed pause bets; China real estate retreats
By Kevin Buckland TOKYO (Reuters) – Asia-Pacific equities rose to their highest level since mid-February on Friday, taking cues..
News
Analysis-US SEC crackdown on Coinbase, Binance puts crypto exchanges on notice
By Hannah Lang WASHINGTON (Reuters) -Other U.S. crypto exchanges are likely to be in the firing line after the Securities and Exchang..
News
FTX U.S. judge expresses doubts about parallel Bahamian bankruptcy
By Dietrich Knauth NEW YORK (Reuters) – The judge overseeing FTX’s U.S. bankruptcy said Thursday that he would not defer t..
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COP28 president says fossil fuels phasedown is inevitable
By Riham Alkousaa BERLIN (Reuters) – The phasedown of fossil fuels is inevitable, the United Arab Emirates’ incoming COP28..
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CRH shareholders back primary listing switch to New York from London
By Graham Fahy DUBLIN (Reuters) – CRH shareholders on Thursday approved a plan to move the building materials company’s p..
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Meta introduces broadcast tool Channels on WhatsApp
(Reuters) – Meta Platforms on Thursday introduced WhatsApp Channels, a feature that the social media giant said would help make..
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Kremlin again points to ‘Anglo-Saxons’ over Nord Stream pipeline blasts
MOSCOW (Reuters) -The Kremlin, commenting on a report that the United States had known last year of a Ukrainian plan to attack the No..
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End of ‘Zero Covid’ fails to boost German investment in China – survey
By Sarah Marsh BERLIN (Reuters) – China’s decision to abandon its strict “zero-COVID” policy has not sparked ..
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UK regulator expresses concern over Hitachi-Thales rail signal deal
LONDON (Reuters) – Britain’s competition regulator said Hitachi’s 1.7 billion euro ($1.8 billion) acquisition of Th..
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M&G posts net asset management inflows in Q1
LONDON (Reuters) – M&G recorded 1 billion pounds ($1.25 billion) of net inflows into its wholesale asset management busines..
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Marketmind: O Canada! Markets wary of Fed hawkish surprise
A look at the day ahead in European and global markets from Ankur Banerjee Another day, another surprise hike. After the Reserve Bank..
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UK self-driving car dreams could break down at the starting line
By Nick Carey and Alistair Smout LONDON (Reuters) – Britain could lose out on investments in autonomous vehicles (AVs) and see ..
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Should concerns over ChatGPT justify a pause on AI?
By Neil Murphy, Chief Sales Officer at ABBYY Some global tech leaders have called for a pause in AI following the release of C..
Technology
World Bank cuts 2024 global growth forecast as rate hikes bite but lifts 2023 outlook
By David Lawder WASHINGTON (Reuters) -The World Bank on Tuesday raised its 2023 global growth outlook as the U.S., China and other ma..
Finance
Oil rises on Saudi plan to deepen output cuts from July
By Noah Browning LONDON (Reuters) – Oil prices rose by more than $1 a barrel on Monday after top crude exporter Saudi Arabia ple..
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Richard Teng seen as potential successor to Binance’s Changpeng Zhao -reports
(Reuters) – Richard Teng, Binance’s head of regional markets outside the United States, is seen as the most likely candida..
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Euro zone business growth slowed in May as factories struggled-PMI
LONDON (Reuters) – Euro zone business activity was shored up last month by the bloc’s dominant services industry offsettin..
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Volvo Cars sales up 31% in May
HELSINKI (Reuters) – Sweden-based Volvo Cars on Monday posted a 31% rise in monthly sales figures year-on-year, saying it had so..
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Novo Nordisk in talks buy controlling stake in Biocorp
(Reuters) – Danish drug developer Novo Nordisk said on Monday it had started talks to buy a controlling stake in French medical ..
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UK auto industry body says new car sales rise in May, but below pre-COVID level
(Reuters) – Britain’s new car sales still below pre-pandemic level despite a rise it witnessed in May from a year earlier,..
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Barclays Private Bank makes senior appointments in Singapore – statement
SINGAPORE (Reuters) – Barclays Private Bank said on Monday it has made two senior appointments in its Singapore office in a move..
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Bourse operator ASX takes action for trading software’s operational reliability
(Reuters) – Australia’s bourse operator ASX Ltd said on Monday it had submitted a special report for its Clearing House El..
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Irish domestic economy returns to growth in first quarter
DUBLIN (Reuters) – Ireland’s domestic economy returned to growth in the first three months of the year after a shallow rec..
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Elan Closs Stephens named BBC acting chair
LONDON (Reuters) -Britain on Friday appointed BBC board member Elan Closs Stephens as the public broadcaster’s acting chair, rep..
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Volkswagen brings VW bus back to North American market after 20 years
FRANKFURT (Reuters) – Volkswagen will start selling battery-powered versions of its VW bus in North America from 2024 onwards, t..
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Vodafone faces German probe over suspected obstruction of 1&1
BERLIN (Reuters) -Vodafone and its German subsidiary Vantage Towers are facing an antitrust investigation in Germany over concerns tha..
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World food prices fall to two-year low in May – UN food agency
PARIS (Reuters) -The United Nations food agency’s world price index fell in May to its lowest in two years, as a slump in price..
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New Tiananmen museum opens in New York ahead of June 4 anniversary
By Aleksandra Michalska and Michael Martina NEW YORK (Reuters) -The hope for a “free China” lives on in a new Manhattan mu..
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