Saipem wins $4 billion contract from QatarEnergy
(Reuters) – Italian energy engineering group Saipem said on Sunday it had won an offshore contract worth $4 billion from ..
Business
Business
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 hikes on Chinese imports, including a 100% duty o..
Business
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 its Electricity System Operator (ESO) to the UK g..
Business
Zara to offer its secondhand clothes service in US by October
MADRID (Reuters) – Zara will offer its service for selling, repairing or donating secondhand clothes in the United States by the..
Business
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 oil refinery, is to close in 2025 with the loss o..
Business
Zara owner Inditex sees early autumn sales perk up after summer slowdown
By Corina Pons MADRID (Reuters) -Zara owner Inditex reported a jump in sales of its autumn/winter collection on Wednesday, boosting it..
Business
Services’ grip on UK economy tightens as manufacturing share ebbs further
By Andy Bruce (Reuters) – Britain’s shift towards a services-dominated economy is accelerating, pushing manufacturing̵..
Business
Etihad Airways plans IPO no earlier than 2025, sources say
By Hadeel Al Sayegh, Andres Gonzalez and Federico Maccioni DUBAI/LONDON (Reuters) -Abu Dhabi’s Etihad Airways plans to make its ..
Business
Key events at Nike under CEO John Donahoe
(Reuters) – Nike will hold its annual meeting virtually on Tuesday and a key issue to be voted on will be a workers’ right..
Business
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 the most powerful brands in retail and packaged f..
Business
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 three months to July to a more than two-year low an..
Business
Aldi UK says shoppers trading up as inflation eases
By Paul Sandle LONDON (Reuters) -Supermarket group Aldi UK said its prices this summer were on average lower than a year ago, easing s..
Business
Citi says 2025 oil prices could average $60/bbl without deeper OPEC+ cuts
(Reuters) – If producer group OPEC+ doesn’t reduce production further, the average price of oil could drop to $60 p..
Business
South Africa’s SPAR sells Polish business to Specjal
JOHANNESBURG (Reuters) – South Africa’s second-biggest grocery group SPAR has sold its loss-making business in Pola..
Business
Germany plans to reduce Commerzbank stake as stability restored
(Reuters) – Germany intends to reduce its stake in Commerzbank AG as the lender is stable again years after its rescue in..
Business
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 leave its key interest rate unchanged on Thursday..
Business
BMW worldwide recalling Mini Cooper SE electric models, company says
BERLIN (Reuters) -German automaker BMW is recalling electric Mini Cooper SE vehicles due to problems in their batteries, which ..
Business
Lowest euro zone inflation in 3 years sets up ECB for cut
By Francesco Canepa and Balazs Koranyi FRANKFURT/TALLINN (Reuters) -Inflation in the euro zone fell to its lowest level in three years..
Business
Uber invests in UK startup Wayve to speed up self-driving projects
By Nick Carey LONDON (Reuters) – Ride-hailing platform Uber will invest in Wayve to help the British self-driving technology sta..
Business
UK’s Sainsbury’s agrees deal to acquire 10 Homebase stores
LONDON (Reuters) – Britain’s second-largest supermarket group, Sainsbury’s, said on Thursday it had agreed to..
Business
Europe shrugs off Nvidia chill to eye record high
By Chibuike Oguh NEW YORK (Reuters) -Global shares edged higher on Thursday, shrugging off investor disappointment at artificial intel..
Business
EU new car sales flat in July as battery-electric slumps, industry body ACEA says
By Alessandro Parodi and Greta Rosen Fondahn (Reuters) -New car sales in the European Union rose 0.2% in July, slowed by declines in F..
Business
HMD launches Barbie phone in partnership with Mattel
STOCKHOLM (Reuters) – HMD Global, which makes Nokia-branded phones, said it has teamed up with toymaker Mattel to launch ..
Business
UK shop prices dip for first time in nearly 3 years, survey shows
(Reuters) – British shop prices fell in annual terms this month for the first time since October 2021, pushed down by sum..
Business
Shell to shut-in portions of Louisiana Zydeco oil pipeline for maintenance
By Arathy Somasekhar HOUSTON (Reuters) -Oil major Shell on Monday said it plans to shut-in different portions of its Zydeco pip..
Business
Pay gap between bosses and ordinary workers widens in Switzerland
ZURICH (Reuters) -The gap between the highest- and lowest-paid workers in Switzerland widened in 2023, with top managers earning on av..
Business
Analysis-Darkening global outlook, central bank pivots signal more turbulence
By Leika Kihara, Howard Schneider and Balazs Koranyi JACKSON HOLE, Wyoming (Reuters) – Growing signs of lackluster growth..
Business
Australian employees now have the right to ignore work emails, calls after hours
By Lewis Jackson SYDNEY (Reuters) – Is your boss texting you on the weekend? Work email pinging long after you’ve l..
Business
BHP’s return to Argentina marks new hope for untapped copper mines
By Daina Beth Solomon and Divya Rajagopal SANTIAGO/TORONTO (Reuters) – A new incentive regime for mining in Argentina is ..
Business
Oil up over 1% but set to end week down on demand concerns
By Ahmad Ghaddar LONDON (Reuters) -Oil prices rose 1% on Friday on a softer dollar but were still set to end the week lower as weaker ..
Business
Nestle replaces CEO Schneider with company veteran Freixe
By John Revill and Richa Naidu ZURICH/LONDON (Reuters) – Nestle is replacing CEO Mark Schneider with company veteran Laur..
Business
Oil set to end week lower on demand concerns, easing supply woes
By Shariq Khan (Reuters) – Oil prices were little changed on Friday, on track to end the week lower, as downward revision..
Business
UK businesses report more growth momentum in August
By Andy Bruce (Reuters) -British business activity sped up this month and cost pressures were the weakest in over three years, accordi..
Business
Analysis-Euro, now a safer bet, emerges a winner from market turmoil
By Sruthi Shankar and Alun John (Reuters) -The euro is trading at its highest this year against the dollar, emerging as a clear winner..
Business
Wall Street muted as investors look to Fed after stocks recovery
By Lawrence Delevingne and Huw Jones (Reuters) -Global shares idled on Wednesday after a lengthy rebound propelled them towards recent..
Business
UK factory orders fall again but by less than in July, CBI survey shows
UK factory orders fall again but by less than in July, CBI survey shows (Reuters) – British factory orders fell again this month..
Business
Siemens picks Toyota’s Vanderlande as buyer for logistics unit, sources say
MUNICH (Reuters) – Siemens has chosen Toyota’s Vanderlande as a buyer for its airport logistics unit Siemens Logist..
Business