Business

Levi Strauss shares fall on weak holiday-quarter forecast

Levi Strauss shares fall on weak holiday-quarter forecast

(Reuters) – Levi Strauss’ shares fell about 7% on Thursday after a tepid..

Britain’s Tesco lifts profit outlook after strong first half

Britain’s Tesco lifts profit outlook after strong first half

By James Davey LONDON (Reuters) -Tesco, Britain’s biggest supermarket group, l..

Britain’s Tesco lifts annual profit forecast after strong first half

Britain’s Tesco lifts annual profit forecast after strong first half

  By James Davey LONDON (Reuters) -Tesco, Britain’s biggest supermarket g..

Euro area long-dated yields rise after sharp drop, geopolitics in focus

Euro area long-dated yields rise after sharp drop, geopolitics in focus

By Stefano Rebaudo (Reuters) – Euro area government bond yields rose on Wedn..

Sainsbury’s boss looks to UK budget to lift spending gloom

Sainsbury’s boss looks to UK budget to lift spending gloom

By James Davey COBHAM, England (Reuters) – Britons bruised by a cost of living..

SoftBank to invest $500 million in OpenAI, The Information reports

SoftBank to invest $500 million in OpenAI, The Information reports

  (Reuters) – Japanese telecom company SoftBank’s Vision Fund will ..

Grifols plans to invest $402 million in new industrial centre, El Economista says

Grifols plans to invest $402 million in new industrial centre, El Economista says

  (Reuters) – Spanish drugmaker Grifols plans to invest 360 million euros..

UniCredit starts process to bring life insurance business in house

UniCredit starts process to bring life insurance business in house

  MILAN (Reuters) – UniCredit has told Allianz and CNP Assurances that it..

Almost 30,000 suspected mpox cases in Africa this year, WHO says

Almost 30,000 suspected mpox cases in Africa this year, WHO says

  LONDON (Reuters) – Nearly 30,000 suspected mpox cases have been reporte..

Nike veteran Hill to replace Donahoe as CEO; shares jump

Nike veteran Hill to replace Donahoe as CEO; shares jump

By Juveria Tabassum, Nicholas P. Brown (Reuters) -Nike said on Thursday that former ..

Nike’s next CEO Hill brings a bootstraps mentality

Nike’s next CEO Hill brings a bootstraps mentality

By Nicholas P. Brown (Reuters) – Elliott Hill started at Nike as an intern i..

UK supermarket sales growth slows after summer holidays

UK supermarket sales growth slows after summer holidays

LONDON (Reuters) – British supermarket sales growth slowed over the last month..

French millers face long grind as rain-hit wheat harvest comes in

French millers face long grind as rain-hit wheat harvest comes in

PARIS (Reuters) – Flour mills in France are facing higher costs and a long sea..

Daimler Truck eyes half of Europe sales from EVs in 2030

Daimler Truck eyes half of Europe sales from EVs in 2030

  By Ilona Wissenbach and Andrey Sychev HANOVER, Germany (Reuters) -Daimler Tru..

BP to sell its US onshore wind business

BP to sell its US onshore wind business

(Reuters) -BP plans to sell its U.S. onshore wind energy business, it announced on M..

Central Europe factories and retailers shut in flood-hit areas

Central Europe factories and retailers shut in flood-hit areas

By Jan Lopatka PRAGUE (Reuters) -Factories and stores across central Europe shut dow..

UK’s Domino’s Pizza plans to hire 5,000 staff ahead of peak holiday season

UK’s Domino’s Pizza plans to hire 5,000 staff ahead of peak holiday season

  (Reuters) – Britain’s Domino’s Pizza Group said on Monday t..

Saipem wins $4 billion contract from QatarEnergy

Saipem wins $4 billion contract from QatarEnergy

  (Reuters) – Italian energy engineering group Saipem said on Sunday it h..

US locks in steep China tariff hikes, many to start Sept. 27

US locks in steep China tariff hikes, many to start Sept. 27

By David Lawder (Reuters) -The Biden administration on Friday locked in steep tariff..

UK’s National Grid to sell electricity system operator in $827 million deal

UK’s National Grid to sell electricity system operator in $827 million deal

  (Reuters) -Britain’s National Grid said on Friday it had agreed to sell..

Zara to offer its secondhand clothes service in US by October

Zara to offer its secondhand clothes service in US by October

MADRID (Reuters) – Zara will offer its service for selling, repairing or donat..

Scotland’s only oil refinery to close next year, 400 jobs to go

Scotland’s only oil refinery to close next year, 400 jobs to go

By Ron Bousso and Robert Harvey LONDON (Reuters) -Grangemouth, Scotland’s only..

Services’ grip on UK economy tightens as manufacturing share ebbs further

Services’ grip on UK economy tightens as manufacturing share ebbs further

By Andy Bruce (Reuters) – Britain’s shift towards a services-dominated e..

Etihad Airways plans IPO no earlier than 2025, sources say

Etihad Airways plans IPO no earlier than 2025, sources say

By Hadeel Al Sayegh, Andres Gonzalez and Federico Maccioni DUBAI/LONDON (Reuters) -A..

Key events at Nike under CEO John Donahoe

Key events at Nike under CEO John Donahoe

(Reuters) – Nike will hold its annual meeting virtually on Tuesday and a key i..

Retail, consumer CEOs see shorter tenures as boards act more quickly

Retail, consumer CEOs see shorter tenures as boards act more quickly

By Svea Herbst-Bayliss and Richa Naidu NEW YORK/LONDON (Reuters) – When two of..

UK pay growth cools, keeping BoE on track for another rate cut

UK pay growth cools, keeping BoE on track for another rate cut

By Andy Bruce and Suban Abdulla LONDON (Reuters) -British pay growth cooled in the t..

Aldi UK says shoppers trading up as inflation eases

Aldi UK says shoppers trading up as inflation eases

By Paul Sandle LONDON (Reuters) -Supermarket group Aldi UK said its prices this summ..

Citi says 2025 oil prices could average $60/bbl without deeper OPEC+ cuts

Citi says 2025 oil prices could average $60/bbl without deeper OPEC+ cuts

  (Reuters) – If producer group OPEC+ doesn’t reduce production fur..

South Africa’s SPAR sells Polish business to Specjal

South Africa’s SPAR sells Polish business to Specjal

  JOHANNESBURG (Reuters) – South Africa’s second-biggest grocery gr..

AI likely to weigh on oil prices over the next decade, Goldman says

AI likely to weigh on oil prices over the next decade, Goldman says

  (Reuters) – Artificial intelligence could hurt oil prices over the next..

Malaysia central bank to hold rates at 3.0% until at least 2026: Reuters poll

Malaysia central bank to hold rates at 3.0% until at least 2026: Reuters poll

  By Pranoy Krishna BENGALURU (Reuters) – Bank Negara Malaysia (BNM) will..

Oil edges higher as halted Libyan exports balance expected OPEC+ supply boost

Oil edges higher as halted Libyan exports balance expected OPEC+ supply boost

  By Nia Williams and Arunima Kumar (Reuters) -Oil prices edged higher on Monda..

BMW worldwide recalling Mini Cooper SE electric models, company says

BMW worldwide recalling Mini Cooper SE electric models, company says

  BERLIN (Reuters) -German automaker BMW is recalling electric Mini Cooper SE v..

Lowest euro zone inflation in 3 years sets up ECB for cut

Lowest euro zone inflation in 3 years sets up ECB for cut

By Francesco Canepa and Balazs Koranyi FRANKFURT/TALLINN (Reuters) -Inflation in the..

Uber invests in UK startup Wayve to speed up self-driving projects

Uber invests in UK startup Wayve to speed up self-driving projects

By Nick Carey LONDON (Reuters) – Ride-hailing platform Uber will invest in Way..

UK’s Sainsbury’s agrees deal to acquire 10 Homebase stores

UK’s Sainsbury’s agrees deal to acquire 10 Homebase stores

  LONDON (Reuters) – Britain’s second-largest supermarket group, Sa..