IKEA bets on remote interior design as AI changes sales strategy
By Helen Reid LONDON (Reuters) – IKEA is training call centre workers to become interior design advisers as the Swedish furnitu..
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Domino’s Pizza to shut 27 stores in Denmark, Australian construction and supply arm
By Navya Mittal (Reuters) – Australia’s Domino’s Pizza Enterprises said on Tuesday it would shut 27 stores in Denma..
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Rio Tinto inks deal to bring iron ore rail car manufacturing to Pilbara
(Reuters) – Mining giant Rio Tinto said on Tuesday it will partner with Western Australia-based Gemco Rail to bring local iron ..
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Oracle beats quarterly revenue estimates on cloud services demand
(Reuters) -Oracle on Monday topped fourth-quarter revenue estimates and forecast an upbeat first quarter, driven by growing demand fo..
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UN chief backs idea of global AI watchdog like nuclear agency
By Michelle Nichols UNITED NATIONS (Reuters) – U.N. Secretary-General Antonio Guterres on Monday backed a proposal by some arti..
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Georg Fischer makes rival bid for Finland’s Uponor, driving up shares
By Louise Rasmussen COPENHAGEN (Reuters) – Swiss industrial group Georg Fischer (GF) on Monday made a rival offer for plumbing ..
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Dollar edges lower as Fed pause eyed in busy central bank week
By Samuel Indyk and Rae Wee LONDON (Reuters) – The dollar slipped on Monday as traders stayed on guard ahead of policy decision..
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Singapore Airlines appoints first female CFO
(Reuters) -Singapore Airlines said on Monday it appointed insider JoAnn Tan as its first female chief financial officer to replace Ta..
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Odey Asset Management says not gating funds in Crispin Odey succession
By Nell Mackenzie LONDON (Reuters) – Odey Asset Management is not considering imposing exit restrictions on investors in any of..
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Exclusive-Broadcom set to win EU nod for $61 billion VMware deal, sources say
By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Broadcom is set to gain conditional EU antitrust approval for its $61 billi..
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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..
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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..
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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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