Headlines

Reddit targets up to $6.4 billion valuation in much-awaited US IPO

Reddit targets up to $6.4 billion valuation in much-awaited US IPO

By Niket Nishant, Manya Saini and Echo Wang (Reuters) -Reddit is aiming for a valuation of up to $6.4 billion in its U.S. initial publ..

Analysis-AI talent war heats up in Europe

Analysis-AI talent war heats up in Europe

By Martin Coulter LONDON (Reuters) – An influx of artificial intelligence (AI) startups is heating up the battle for technical t..

Gold marches higher as US jobs data boosts bets of early rate cut

Gold marches higher as US jobs data boosts bets of early rate cut

By Anjana Anil (Reuters) – Gold prices surged to a fresh record high on Friday as data showing a rise in the U.S. unemployment r..

Bitcoin rises after rapid climb to new record

Bitcoin rises after rapid climb to new record

By Amanda Cooper and Rae Wee LONDON/SINGAPORE (Reuters) -Bitcoin rallied again on Wednesday in volatile trade, while ether jumped almo..

Explainer-Olympics-How France plans to use AI to keep Paris 2024 safe

Explainer-Olympics-How France plans to use AI to keep Paris 2024 safe

By Juliette Jabkhiro and Julien Pretot PARIS (Reuters) – France tested Artificial Intelligence-driven video surveillance technol..

Stocks at record highs as US data leaves June Fed cut bet intact

Stocks at record highs as US data leaves June Fed cut bet intact

By Alden Bentley and Huw Jones NEW YORK/LONDON (Reuters) -Investors stretched record-breaking stock rallies on Friday and favored U.S...

In new disclosure, LinkedIn says premium subscriptions bring in $1.7 billion

In new disclosure, LinkedIn says premium subscriptions bring in $1.7 billion

By Stephen Nellis (Reuters) -LinkedIn on Thursday for the first time disclosed sales for its premium subscription business, saying the..

Strikes hobble German railways, airports as disputes mount

Strikes hobble German railways, airports as disputes mount

By Andi Kranz and Stephane Nitschke COLOGNE, Germany (Reuters) – Germany faced strikes on several fronts on Thursday, as train d..

ECB lays ground for June rate cut as inflation falls

ECB lays ground for June rate cut as inflation falls

By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank kept borrowing costs at record highs on Thursd..

Bitcoin rises to record high

Bitcoin rises to record high

New York (Reuters) – Bitcoin hit a record high on Tuesday, fueled by investors pouring money into U.S. spot exchange-traded cryp..

Dollar slips vs euro as data weighs; bitcoin hits new high

Dollar slips vs euro as data weighs; bitcoin hits new high

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar slipped against the euro on Tuesday after data showed U.S. services industry growt..

Exclusive-UN-backed bank group seeks to avoid departures with new climate guidelines

Exclusive-UN-backed bank group seeks to avoid departures with new climate guidelines

By Simon Jessop, Isla Binnie and Tommy Wilkes LONDON/NEW YORK (Reuters) – A United Nations-backed alliance of banks is proposing..

US stocks pull back as bitcoin, gold score record highs

US stocks pull back as bitcoin, gold score record highs

By Stephen Culp NEW YORK (Reuters) -Equity investors in the United States and Europe showed caution on Tuesday while bitcoin and go..

Cryptoverse: Asian traders give bitcoin blast-off

Cryptoverse: Asian traders give bitcoin blast-off

By Jihoon Lee and Jaspreet Kalra SEOUL/MUMBAI (Reuters) – Bitcoin’s runaway rally is being driven by investors in Asia. Tr..

Euro zone business activity moves closer to recovery, PMI survey shows

Euro zone business activity moves closer to recovery, PMI survey shows

LONDON (Reuters) – Business activity in the euro zone showed signs of recovery last month as the bloc’s dominant services ..

Aviva re-enters Lloyd’s market with $300 million acquisition

Aviva re-enters Lloyd’s market with $300 million acquisition

LONDON (Reuters) -British insurer Aviva said on Monday it will re-enter the historic Lloyd’s insurance market with a 242 million..

Hipgnosis’ songs portfolio valuation falls sharply; extends dividend halt

Hipgnosis’ songs portfolio valuation falls sharply; extends dividend halt

(Reuters) – The valuation of the songs portfolio owned by Hipgnosis Songs Fund has declined at least by a fifth from five months..

German perfume retailer Douglas plans $1.2 billion IPO by March end

German perfume retailer Douglas plans $1.2 billion IPO by March end

FRANKFURT(Reuters) – German perfume retailer Douglas said on Monday it will pursue a 1.1 billion euro (about $1.2 billion) initi..

Swiss National Bank loses $3.6 billion in 2023

Swiss National Bank loses $3.6 billion in 2023

ZURICH (Reuters) -The Swiss National Bank posted an annual loss of 3.2 billion Swiss francs ($3.62 billion) for 2023, the central bank..

Evonik says recovery unlikely in 2024, plans 2,000 job cuts

Evonik says recovery unlikely in 2024, plans 2,000 job cuts

(Reuters) – German chemicals group Evonik Industries said on Monday it expected no signs of a recovery in 2024 and announced up ..

Marketmind: Looming event risk can’t stop Nikkei topping 40,000

Marketmind: Looming event risk can’t stop Nikkei topping 40,000

A look at the day ahead in European and global markets from Wayne Cole. It’s been a largely risk-on start to a week packed with ..

M&A may breathe new life into Europe’s neglected telecoms

M&A may breathe new life into Europe’s neglected telecoms

By Danilo Masoni MILAN (Reuters) – A series of potential deals across Europe’s fragmented telecoms industry has put the ba..

Analysis – G20 optimism on global outlook gives BOJ impetus for early stimulus exit

Analysis – G20 optimism on global outlook gives BOJ impetus for early stimulus exit

By Leika Kihara SAO PAULO (Reuters) – The G20 finance leaders’ upbeat take on the global economic outlook will likely giv..

Oil rises almost 2% as markets await OPEC+ decision

Oil rises almost 2% as markets await OPEC+ decision

By Robert Harvey LONDON (Reuters) -Oil prices rose on Friday and were set for weekly gains as markets awaited an OPEC+ decision on sup..

German government needs TikTok, Scholz says, as AfD surges in polls

German government needs TikTok, Scholz says, as AfD surges in polls

By Andreas Rinke and Sarah Marsh BERLIN (Reuters) – German Chancellor Olaf Scholz said he wants the government to open an accou..

China approves plan aimed at spurring investment and spending

China approves plan aimed at spurring investment and spending

BEIJING (Reuters) -China’s cabinet on Friday approved a plan aimed at promoting large-scale equipment upgrades and sales of con..

Stocks hold at record highs as traders bet on rate cuts

Stocks hold at record highs as traders bet on rate cuts

By Naomi Rovnick and Stella Qiu LONDON SYDNEY (Reuters) -Global shares drifted around record highs on Friday after U.S. and euro zone..

Bpost posts lower 2023 operating profit, does not provide 2024 profit outlook

Bpost posts lower 2023 operating profit, does not provide 2024 profit outlook

By Lina Golovnya (Reuters) – Belgian postal operator Bpost, which also distributes newspapers, reported a decline in full-year ..

Bpost posts lower 2023 operating profit, does not provide 2024 profit outlook

Bpost posts lower 2023 operating profit, does not provide 2024 profit outlook

By Lina Golovnya (Reuters) – Belgian postal operator Bpost, which also distributes newspapers, reported a decline in full-year ..

Strikes bring public transport to near standstill across Germany

Strikes bring public transport to near standstill across Germany

BERLIN (Reuters) – Buses, trams and underground trains stood idle across most of Germany on Friday at the culmination of a week..

Strikes bring public transport to near standstill across Germany

Strikes bring public transport to near standstill across Germany

BERLIN (Reuters) – Buses, trams and underground trains stood idle across most of Germany on Friday at the culmination of a week ..

Rightmove plans to expand non-core businesses; shares fall on customer outlook

Rightmove plans to expand non-core businesses; shares fall on customer outlook

By Aby Jose Koilparambil (Reuters) -Property portal Rightmove plans to grow its non-core businesses, such as commercial real estate, ..

Rightmove plans to expand non-core businesses; shares fall on customer outlook

Rightmove plans to expand non-core businesses; shares fall on customer outlook

By Aby Jose Koilparambil (Reuters) -Property portal Rightmove plans to grow its non-core businesses, such as commercial real estate, ..

M&A may breathe new life into Europe’s neglected telecoms

M&A may breathe new life into Europe’s neglected telecoms

By Danilo Masoni MILAN (Reuters) – A series of potential deals across Europe’s fragmented telecoms industry has put the ba..

Acerinox sees steel market improving after 2023 profit more than halves

Acerinox sees steel market improving after 2023 profit more than halves

By Matteo Allievi and Natalia Siniawski (Reuters) -Spanish steelmaker Acerinox said on Thursday it expects demand for steel to start r..

Equities gain on in-line US inflation, Treasury yields dip

Equities gain on in-line US inflation, Treasury yields dip

By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) -The S&P 500 and Nasdaq closed at record highs and the global equity inde..

Hewlett Packard Enterprise sees downbeat Q2 revenue on weak networking solutions demand

Hewlett Packard Enterprise sees downbeat Q2 revenue on weak networking solutions demand

(Reuters) – Hewlett Packard Enterprise on Thursday forecast second-quarter revenue below Wall Street estimates, as businesses sc..