Headlines

Exclusive-Ferrari’s first electric car to cost over $500,000, source says

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 ..

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar pared gains against the euro on Tuesday after retail sales data indicated signs of..

European shares advance as French political concerns subside

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..

UK grocery inflation edges lower again ahead of election, Kantar says

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..

German investor morale rises modestly in June, ZEW says

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..

The euro zone’s fragmented banking industry

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..

Norway’s Schibsted to cut 250 jobs in cost drive

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..

YouTube tests context ‘notes’ feature for videos

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..

Analysis-Global central banks recalibrate as the big policy easing of 2024 fizzles

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..

Addressing Expense Fraud: A Vital Concern for Businesses Amidst Economic Strain in the UK

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..

Analysis-French election worries rekindle market memories of UK budget rout

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..

Wall St dips and gold surges, capping a tumultuous week

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..

Election concerns in France give euro worst week in two months

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..

G7 vows to drop fossil fuels faster, but activists unimpressed

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..

Microsoft to invest $7.16 billion in new data centres in northeastern Spain

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..

Exclusive-Vodafone looks to sell $2.3 billion stake in India’s Indus Towers, sources say

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..

Swedish May inflation above forecast but more rate cuts expected

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..

UK’s Crest Nicholson says Bellway’s revised proposal undervalues group

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..

Yen falls after dovish BOJ; euro limps towards weekly loss

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..

Amazon adds $230 million in cloud credits to AI startups

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..

Musk says Tesla shareholders voting yes for his $56 billion pay package

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 ..

Exclusive-Temasek to finalise deal with Shell for Pavilion Energy LNG asset sale, sources say

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..

Czech billionaire bets on lotteries for growth

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 ..

Oil slips on US growth worries, ample crude supply

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..

UK housing market falters as rate cut hopes fade, RICS survey shows

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 ..

German government plans supplementary budget for 2024, Bild says

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..

Virgin Galactic announces reverse stock split

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..

Gold rush to endure through 2024 though $3,000 mark may prove elusive

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..

French renewable energy sector says far-right victory risks trouble for industry

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..

Wall St rallies, dollar drops after cooler US inflation; Fed in the wings

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..

Germany’s May inflation rises 2.8% on higher services prices

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 ..

UK economy shows no growth in April – ONS

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..

Exclusive-Capital Group shakes up strategy to hit $4 trillion by 2031

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..

Dollar calm ahead of inflation test, Fed decision

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..

Oil climbs on optimistic demand outlook

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..

Johnson & Johnson reaches $700 million talc settlement with US states

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..

How Apple used Google’s help to train its AI models

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..