Ericsson signs 5G ORAN deal with Spain’s MasOrange
By Supantha Mukherjee STOCKHOLM (Reuters) – Ericsson has signed a 5G deal with Spain’s largest telecoms operator, M..
Business
Business
Covestro trims 2024 profit target again in a tough economy
(Reuters) -German chemicals maker Covestro lowered the upper end of its full-year core profit forecast range on Tuesday for the second..
Business
Italgas posts third-quarter core profit up 10.9% ahead of 2i Rete Gas acquisition
(Reuters) -Europe’s biggest gas distributor Italgas on Thursday reported 10.9% growth in third-quarter adjusted core earn..
Business
Gold’s allure spreads as bulls lock in on fresh records
By Polina Devitt and Swati Verma LONDON (Reuters) – Gold is extending a period of successive record highs, moving the psy..
Business
Britain’s SSE rebuffed EDP proposal to merge, sources say
By Andres Gonzalez, Sarah McFarlane and Sergio Goncalves LONDON (Reuters) – Portugal’s main power utility EDP initi..
Business
Prospering in Economic Uncertainty: A Strategic Guide for Entrepreneurs
In times of economic uncertainty, rising inflation, and financial instability, entrepreneurs need to embrace strategies that promote r..
Business
UK economy returns to growth in August after two months of stagnation
By Suban Abdulla and Andy Bruce LONDON (Reuters) -Britain’s economy grew in August after two consecutive months of stagnation, p..
Business
Spain’s top fashion retailers to launch trial to collect clothes waste in 2025
By Corina Pons MADRID (Reuters) – Spain’s largest fashion companies will start collecting discarded clothes from Ap..
Business
IKEA sales fall 5% after price cuts amid weak housing market
By Helen Reid LONDON (Reuters) – IKEA annual sales fell 5% after the Swedish budget homeware retailer cut prices in a bid..
Business
Britain outlines details of closely watched workers’ rights plan
LONDON (Reuters) -Britain’s Labour government set out its plans on Thursday for the biggest change to employment law in a genera..
Business
Multilateral banks could lend up to $480 billion more before rating downgrades, Fitch says
(Reuters) – A dozen of the largest multilateral development banks could collectively lend a further half-trillion dollars..
Business
Online shopping returns to growth in Europe amid fierce competition
By Helen Reid LONDON (Reuters) – Recovering consumer confidence has boosted online shopping in Europe this year, industry group ..
Business
Online retailer Shein’s 2023 sales hit $2 billion in UK
By Helen Reid (Reuters) -Shein’s British business made 1.55 billion pounds ($2 billion) in revenue in 2023, a filing by the on..
Business
Global money market funds draw large inflows in the week to Oct. 2
(Reuters) – Global money market funds attracted large inflows in the week to Oct. 2 as investor caution ahead of a key U...
Business
Exclusive-Samsung Electronics says it is not interested in spinning off foundry business
By Neil Jerome Morales and Heekyong Yang MANILA/SEOUL (Reuters) – Samsung Electronics is not interested in spinning off i..
Business
Italgas sees double-digit income growth to 2030, ups minimum dividend rise
By Francesca Landini and Cristina Carlevaro MILAN (Reuters) -Italy’s biggest gas distributor Italgas expects double-digit..
Business
Adani Group in talks to buy Heidelberg’s Indian cement operations, paper says
BENGALURU (Reuters) -The Adani Group is in talks to buy the Indian cement operations of Germany’s Heidelberg Materials in..
Business
Soccer-Beleaguered Man United battle to 0-0 draw at Villa
BIRMINGHAM, England (Reuters) -Manchester United ground out a 0-0 draw at Aston Villa on Sunday with the club suffering their w..
Business
Exclusive-Online retailer Shein to hold roadshows soon ahead of London IPO, sources say
By Julie Zhu, Amy-Jo Crowley and Hadeel Al Sayegh HONG KONG/LONDON (Reuters) – Shein is set to hold informal investor meetings i..
Business
Levi Strauss shares fall on weak holiday-quarter forecast
(Reuters) – Levi Strauss’ shares fell about 7% on Thursday after a tepid forecast for holiday-quarter revenue underscored ..
Business
Britain’s Tesco lifts profit outlook after strong first half
By James Davey LONDON (Reuters) -Tesco, Britain’s biggest supermarket group, lifted its annual profit forecast on Thursday after..
Business
Britain’s Tesco lifts annual profit forecast after strong first half
By James Davey LONDON (Reuters) -Tesco, Britain’s biggest supermarket group, lifted its annual profit forecast on Thursda..
Business
Euro area long-dated yields rise after sharp drop, geopolitics in focus
By Stefano Rebaudo (Reuters) – Euro area government bond yields rose on Wednesday, a day after long-dated yields posted their ..
Business
Sainsbury’s boss looks to UK budget to lift spending gloom
By James Davey COBHAM, England (Reuters) – Britons bruised by a cost of living crisis will not start spending strongly again unt..
Business
SoftBank to invest $500 million in OpenAI, The Information reports
(Reuters) – Japanese telecom company SoftBank’s Vision Fund will invest $500 million in OpenAI’s latest fundi..
Business
Grifols plans to invest $402 million in new industrial centre, El Economista says
(Reuters) – Spanish drugmaker Grifols plans to invest 360 million euros ($401.98 million) to build a new industrial plant..
Business
Exclusive-Ubisoft activist investor says it has support of 10% of shareholders in management tussle
By Zaheer Kachwala (Reuters) – An activist investor pushing for a sale of “Assassin’s Creed” maker Ubis..
Business
European shares end marginally lower as energy stocks drop
By Pranav Kashyap and Shashwat Chauhan (Reuters) -Europe’s STOXX 600 closed slightly lower on Wednesday as energy stocks ..
Business
Miniso shares slump on plans to buy stake in Yonghui Superstores
HONG KONG (Reuters) -Shares of Miniso Group Holding plunged as much as 39.2% to HK$20 ($2.57) on Tuesday after the company said..
Business
Nike veteran Hill to replace Donahoe as CEO; shares jump
By Juveria Tabassum, Nicholas P. Brown (Reuters) -Nike said on Thursday that former senior executive Elliott Hill will rejoin the comp..
Business
Nike’s next CEO Hill brings a bootstraps mentality
By Nicholas P. Brown (Reuters) – Elliott Hill started at Nike as an intern in 1988 but steadily scaled its ranks, banking on v..
Business
Analysis-Investors shun European car stocks despite rock bottom valuations
By Sruthi Shankar and Danilo Masoni (Reuters) – European auto stocks are so unpopular right now that investors keep reduc..
Business
UK supermarket sales growth slows after summer holidays
LONDON (Reuters) – British supermarket sales growth slowed over the last month as consumers trimmed spending after their summer ..
Business
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 search for grain as they feel the effects of a dire w..
Business
UK’s Asda says retail veteran Stuart Rose to lead business
By James Davey LONDON (Reuters) -British supermarket group Asda, which has been losing market share, said its chairman, veteran..
Business
With Fed’s rate cut at hand, debate swirls over how big a move
By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve on Wednesday almost certainly will lower interest rates fo..
Business
Daimler Truck eyes half of Europe sales from EVs in 2030
By Ilona Wissenbach and Andrey Sychev HANOVER, Germany (Reuters) -Daimler Truck, one of the world’s biggest commercial ve..
Business