GM’s Cruise to focus on cost cuts as it ramps up robotaxis
By Abhirup Roy SAN FRANCISCO (Reuters) – General Motors Co’s robotaxi unit Cruise is focusing on cutting costs this year, ..
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Valentine’s Day spending boosts British retail sales in February – BRC
By Suban Abdulla LONDON (Reuters) – Valentine’s Day helped to boost British retail sales in February but volumes remained ..
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Explainer-International Women’s Day: date, history and this year’s theme
By Josie Kao (Reuters) – As the world gears up to celebrate International Women’s Day (IWD) on Wednesday, here is a look a..
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Shell, Chevron and Petrobras weigh Guyana oil auction bids -sources
By Sabrina Valle and Marianna Parraga HOUSTON (Reuters) – Guyana’s coming auction of offshore oil exploration blocks has l..
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Hermes asks court to block ‘MetaBirkin’ NFT sales after jury win
By Blake Brittain (Reuters) -French luxury house Hermes International has asked a Manhattan federal court to block artist Mason Rothsc..
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German minister says ‘on right track’ to solving CO2-emitting car row
By Kate Abnett and Andreas Rinke BERLIN/BRUSSELS (Reuters) -Germany’s transport minister is hopeful of a solution to a row with ..
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Oil steadies after dipping on China outlook; investors await Fed clues
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices were steady on Monday as top oil executives debated supply tightness at an oil conf..
News
EU, US working on deal to make EV minerals eligible for tax credits -EU official
By Andrea Shalal and David Shepardson WASHINGTON (Reuters) -The United States and European Union are working toward agreement in princ..
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Wall Street stocks power higher as Treasury yields and dollar ease
By Lawrence Delevingne and Elizabeth Howcroft (Reuters) – Wall Street stocks posted strong gains while Treasury yields and the d..
Finance
Dollar retreats, headed for biggest weekly loss since mid-January; bitcoin down
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar slid from a 2-1/2-month high versus the Japanese yen on Friday,..
Finance
Offshore crews to strike on BP’s North Sea installations, says Unite
(Reuters) – Nearly 50 offshore workers on several of BP’s North Sea installations have backed strike action in pursuit of a pay ..
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Lufthansa expects further ‘significant improvement’ after return to profit
By Ilona Wissenbach and Joanna Plucinska (Reuters) – Germany’s Lufthansa on Friday delivered an “unprecedented”..
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Oil prices stable, heading for weekly gain
By Shadia Nasralla LONDON (Reuters) -Oil prices held steady on Friday, poised to register a weekly gain as renewed optimism on China&#..
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Cepsa to nearly double investments over next 3 years as profit soars
MADRID (Reuters) -Spanish oil and gas company Cepsa plans to nearly double its investments over the next three years to a total of 3.6..
Economy
Euro zone recovery gathers pace, allays fears of recession-PMI
LONDON (Reuters) – The recovery in euro zone business activity gathered pace last month as growth accelerated in the bloc’..
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Morgan Stanley, others now forecast 4% peak for key ECB rate
By Sudip Kar-Gupta (Reuters) -Morgan Stanley and two other investment banks have revised their forecasts for the European Central Bank..
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British property portal Rightmove hikes dividend after annual profit jump
(Reuters) -British real-estate portal Rightmove Plc on Friday raised its final dividend payment and posted a higher annual operating p..
Economy
Latest four-member SpaceX crew docks with International Space Station
By Steve Gorman (Reuters) – A SpaceX Crew Dragon capsule arrived safely at the International Space Station (ISS) early on Friday..
Tech
Credit Suisse offers higher deposit rates in Asia to woo the wealthy – sources
By Selena Li HONG KONG (Reuters) -Credit Suisse is offering higher deposit rates than its rivals to attract new funds from wealthy cli..
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Developing a strong skills agenda in the UK: key government asks
With skills shortages remaining rife as the Budget nears – with recent data from a range of leading business groups revealing t..
Tech
Dollar firms after U.S. labor data suggests more rate hikes
By Herbert Lash and Joice Alves NEW YORK/LONDON (Reuters) – The dollar strengthened on Thursday after unemployment claims pointe..
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Estonia’s pro-Kyiv government faces election test amid cost of living crisis
By Andrius Sytas KOHTLA-JARVE, Estonia (Reuters) – One of Europe’s most staunchly pro-Ukrainian governments faces a challe..
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Citi pledges to cut emissions for more sectors including coal
LONDON (Reuters) -U.S. bank Citi on Thursday announced targets for cutting emissions tied to loans it makes to coal mining, auto, stee..
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Stocks mixed, dollar gains after robust inflation, jobs data
By Lawrence Delevingne and Marc Jones (Reuters) -Global stock markets were mixed on Thursday, as investors weighed indicators of econo..
Finance
Britain’s Nationwide curbs cryptocurrency purchases by customers
By Lawrence White and Elizabeth Howcroft LONDON (Reuters) – Britain’s Nationwide Building Society has restricted customers..
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Italy Jan jobless rate edges up to 7.9%, with 35,000 jobs created
ROME (Reuters) – Italy’s unemployment rate rose slightly to 7.9% in January from an unrevised 7.8% the month before, natio..
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Merck KGaA expects 2023 profit to slip as COVID demand wanes
By Ludwig Burger FRANKFURT (Reuters) – Germany’s Merck KGaA on Thursday predicted 2023 earnings would slip due to a declin..
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Covestro sees lower 2023 profit, cash flow as macro challenges prevail
By Bartosz Dabrowski and Andrey Sychev (Reuters) -German chemicals maker Covestro said on Thursday it expected lower core profit and l..
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Switzerland’s Clariant sees slight sales drop in 2023
(Reuters) -Clariant said on Thursday it expects annual sales to slightly decline in 2023 after reporting sales for the full year fairl..
Business
Budweiser APAC bets on post-COVID China thirst for premium beer
BEIJING (Reuters) – Budweiser Brewing Co APAC, Asia’s largest beer company by sales, said on Thursday it will expand into ..
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Global energy-related CO2 emissions edged up to record high in 2022 – IEA
By Susanna Twidale LONDON (Reuters) – Global energy-related emissions of carbon dioxide hit a record high last year, although mo..
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Renault, Geely ink pact with Aramco for engine venture
(Reuters) -Oil giant Saudi Aramco has agreed to take a minority stake in a new powertrain engine company that French car maker Renault..
News
Dollar finds footing as focus turns to Europe inflation
By Tom Westbrook SINGAPORE (Reuters) – The dollar caught its breath in Asia on Thursday, steadying as U.S. yields went up while ..
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Australia’s Macquarie explores $6 billion deal for Britain’s M&G, Sky News reports
(Reuters) – Australian investment bank Macquarie Group Ltd is at the early stages of exploring a takeover bid of over 5 billion ..
News
Volkswagen’s financial services undergoing reorganization
FRANKFURT (Reuters) – Volkswagen is reorganizing its financial services holding companies, Volkswagen Bank and Volkswagen Financ..
Finance
Analysis-Watch out risk assets, the rout in bonds is coming your way
By Dhara Ranasinghe, Nell Mackenzie and Yoruk Bahceli LONDON (Reuters) – The selling gripping the world’s biggest bond mar..
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Dollar slips, yuan gains on China PMI; hot inflation lifts euro
By Herbert Lash and Samuel Indyk NEW YORK/LONDON (Reuters) -The U.S. dollar slid and China’s yuan gained on Wednesday after Chin..
Finance