Exclusive-Ferrari’s first electric car to cost over $500,000, source says
By Giulio Piovaccari MILAN (Reuters) – Ferrari’s first electric car will cost at least 500,000 euros ($535,000), a source ..
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By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar pared gains against the euro on Tuesday after retail sales data indicated signs of..
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European shares advance as French political concerns subside
By Shashwat Chauhan, Jesus Calero and Shristi Achar A (Reuters) -European shares closed higher on Tuesday, supported by a slip in gov..
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UK grocery inflation edges lower again ahead of election, Kantar says
By James Davey LONDON (Reuters) – UK grocery inflation fell for a sixteenth month in a row in June, industry data showed on Tues..
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German investor morale rises modestly in June, ZEW says
BERLIN (Reuters) -The recovery in German investor morale tapered off in June, the ZEW economic research institute said on Tuesday, rep..
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The euro zone’s fragmented banking industry
By Tommy Reggiori Wilkes and Prinz Magtulis LONDON (Reuters) – Supporters for more consolidation in the euro zone’s bankin..
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Norway’s Schibsted to cut 250 jobs in cost drive
OSLO (Reuters) – Norwegian online classified ads group Schibsted will cut around 250 jobs in the Nordic region as part of a rest..
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YouTube tests context ‘notes’ feature for videos
(Reuters) – Alphabet’s YouTube will soon allow users to add ‘notes’ that will provide context on some of its v..
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Analysis-Global central banks recalibrate as the big policy easing of 2024 fizzles
By Howard Schneider and Francesco Canepa WASHINGTON (Reuters) – Six months ago the world’s major central banks were primed..
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Addressing Expense Fraud: A Vital Concern for Businesses Amidst Economic Strain in the UK
The ongoing economic challenges in the UK have significantly impacted families nationwide, forcing individuals and businesses to cope..
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Analysis-French election worries rekindle market memories of UK budget rout
By Yoruk Bahceli and Dhara Ranasinghe (Reuters) – As the far right and leftist parties gain momentum ahead of France’s sur..
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Wall St dips and gold surges, capping a tumultuous week
By Stephen Culp NEW YORK (Reuters) -U.S. stocks dipped and gold surged on Friday at the conclusion of a week fraught with the apparent..
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Election concerns in France give euro worst week in two months
By Karen Brettell (Reuters) -The euro was on track for its biggest weekly fall against the dollar in two months on Friday on concern..
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G7 vows to drop fossil fuels faster, but activists unimpressed
By Crispian Balmer BORGO EGNAZIA, Italy (Reuters) -Leaders of the Group of Seven developed democracies will commit to accelerating the..
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Microsoft to invest $7.16 billion in new data centres in northeastern Spain
MADRID (Reuters) – Microsoft plans to invest 6.69 billion euros ($7.16 billion) to develop new data centres in Spain’s nor..
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Exclusive-Vodafone looks to sell $2.3 billion stake in India’s Indus Towers, sources say
By M. Sriram MUMBAI (Reuters) – Vodafone Group is looking to sell its entire $2.3 billion stake in India’s Indus Towers th..
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Swedish May inflation above forecast but more rate cuts expected
By Simon Johnson STOCKHOLM (Reuters) – The pace of Swedish inflation was higher than expected in May, data showed on Friday, but..
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UK’s Crest Nicholson says Bellway’s revised proposal undervalues group
(Reuters) – British homebuilder Crest Nicholson said on Friday it rejected a 650 million pound ($828.04 million) revised unsolic..
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Yen falls after dovish BOJ; euro limps towards weekly loss
By Rae Wee SINGAPORE (Reuters) -The yen fell to an over one-month low on Friday after the Bank of Japan (BOJ) stood pat on rates and s..
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Amazon adds $230 million in cloud credits to AI startups
By Krystal Hu (Reuters) – Amazon said it is investing $230 million in the form of Amazon Web Service (AWS) credits in artificial..
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Musk says Tesla shareholders voting yes for his $56 billion pay package
By Hyunjoo Jin, Abinaya V and Greg Roumeliotis (Reuters) -Tesla shareholders are voting to approve a $56 billion pay package for Elon ..
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Exclusive-Temasek to finalise deal with Shell for Pavilion Energy LNG asset sale, sources say
By Florence Tan, Jonathan Saul and Yantoultra Ngui SINGAPORE/LONDON (Reuters) -Singapore’s Temasek Holdings is finalising the sa..
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Czech billionaire bets on lotteries for growth
By Michael Kahn PRAGUE (Reuters) – A Czech billionaire who turned a regional energy company into a global business empire after ..
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Oil slips on US growth worries, ample crude supply
By Georgina McCartney (Reuters) – Oil prices fell in early trade on Thursday, as investors digested that the U.S. Federal Reserv..
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UK housing market falters as rate cut hopes fade, RICS survey shows
By Andy Bruce (Reuters) – Britain’s housing market lost momentum in May as the prospect of imminent rate cuts by the Bank ..
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German government plans supplementary budget for 2024, Bild says
BERLIN (Reuters) – The German government is planning a supplementary budget for the current year with up to 11 billion euros ($1..
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Virgin Galactic announces reverse stock split
(Reuters) -Space tourism company Virgin Galactic announced a 1-for-20 reverse stock split on Wednesday, sending its shares down 19% in..
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Gold rush to endure through 2024 though $3,000 mark may prove elusive
By Brijesh Patel and Ashitha Shivaprasad SINGAPORE (Reuters) – Gold’s lightning rally to successive record highs shows eve..
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French renewable energy sector says far-right victory risks trouble for industry
By Forrest Crellin and Benjamin Mallet PARIS (Reuters) – The French renewable energy sector is bracing for a sharp slowdown in w..
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Wall St rallies, dollar drops after cooler US inflation; Fed in the wings
By Stephen Culp NEW YORK (Reuters) -U.S. stocks rallied and the dollar sank as cooler-than-expected inflation data fueled rate cut opt..
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Germany’s May inflation rises 2.8% on higher services prices
By Maria Martinez BERLIN (Reuters) -German inflation rose in May due to higher services prices, the federal statistics office said on ..
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UK economy shows no growth in April – ONS
(Reuters) -A swift rebound in Britain’s economy in early 2024 came to a halt in April, driven by sharp declines in industrial an..
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Exclusive-Capital Group shakes up strategy to hit $4 trillion by 2031
By Iain Withers LONDON (Reuters) – Capital Group aims to grow its fixed income business, accelerate overseas expansion and diver..
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Dollar calm ahead of inflation test, Fed decision
TOKYO (Reuters) – The dollar steadied on Wednesday after hitting a four-week high against peer currencies overnight as market pl..
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Oil climbs on optimistic demand outlook
By Emily Chow SINGAPORE (Reuters) -Oil prices ticked higher on Wednesday amid upbeat global demand views from the U.S. Energy Informat..
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Johnson & Johnson reaches $700 million talc settlement with US states
By Jonathan Stempel NEW YORK (Reuters) – Johnson & Johnson has agreed to pay $700 million to settle an investigation by 42 U..
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How Apple used Google’s help to train its AI models
By Max A. Cherney SAN FRANCISCO (Reuters) – On stage on Monday CEO Tim Cook’s Apple announced a splashy deal with OpenAI t..
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