All Posts 15

News·Sep 02, 2022

Starbucks taps head of Lysol maker Reckitt as its new CEO

NEW YORK (Reuters) -Starbucks Corp on Thursday named Laxman Narasimhan as its next chief executive officer, choosing an executive credited with revitalizing the..

News·Sep 02, 2022

Philips subsidiary to pay over $24 million for alleged false claims for medical equipment

By Kanishka Singh WASHINGTON (Reuters) -A subsidiary of Dutch medical device maker Philips has agreed to pay over $24 million to resolve alleged false claims ov..

News·Sep 02, 2022

Gorbachev died shocked and bewildered by Ukraine conflict – interpreter

By Andrew Osborn MOSCOW (Reuters) -Mikhail Gorbachev, the last Soviet leader, was shocked and bewildered by the Ukraine conflict in the months before he died an..

News·Sep 02, 2022

Sterling slides below $1.15 for first time since 2020

By Tom Wilson and Samuel Indyk LONDON (Reuters) -Sterling skidded against the dollar on Thursday to its lowest level since March 2020 as storm clouds gathered o..

News·Sep 02, 2022

EU regulator backs two Omicron-adapted COVID boosters

By Natalie Grover and Ludwig Burger (Reuters) -The European Union’s drug regulator on Thursday backed two separate COVID-19 vaccine boosters updated to target..

News·Sep 02, 2022

High inflation is bad for UK productivity – BoE’s Mann

LONDON (Reuters) – Britain’s very high inflation risks distracting businesses from the longer-term decisions needed to boost ailing productivity, Bank of En..

News·Sep 02, 2022

Euro zone economy faces growing risk of recession, survey shows

By Jonathan Cable LONDON (Reuters) – Manufacturing activity across the euro zone declined again last month as consumers feeling the pinch from a deepening cos..

News·Sep 02, 2022

New U.S. rules on EV subsidies slam Hyundai, Kia’s dreams

By Heekyong Yang and Ben Klayman SEOUL/DETROIT (Reuters) -After grabbing the No. 2 spot in the U.S. electric vehicle market with stylish, long-range models, Hyu..

News·Sep 02, 2022

Kosovo pushes ahead with car licensing rule resisted by Serbs

JARINJE, Kosovo (Reuters) -Dozens of U.S. NATO peacekeepers patrolled northern Kosovo on Thursday to preserve calm after Pristina announced that around 50,000 e..

News·Sep 02, 2022

First year of N.Ireland protocol required 1 million customs declarations

DUBLIN (Reuters) – Over 10,000 firms completed one million customs declarations to move goods from Britain into Northern Ireland in 2021, the first year of op..

News·Sep 01, 2022

Amazon introduces seller storage service to tackle supply chain woes

(Reuters) – Amazon.com Inc introduced a new service on Wednesday to help its sellers store bulk inventory and ease distribution to tackle supply chain issues,..

News·Sep 01, 2022

Exclusive-Naftogaz CEO prepared to step down if it would facilitate debt deal

By Andrea Shalal KYIV (Reuters) – The head of state-run Ukranian energy company Naftogaz is ready to step down if it would help the business to restructure it..

News·Sep 01, 2022

Global body urges EU to make company life simpler by aligning climate reporting

By Huw Jones LONDON (Reuters) – The European Union should make extra time to align its policies with international rules on reporting on climate change to sav..

News·Sep 01, 2022

Botswana awards Norway’s Scatec first large-scale solar plant contract

GABORONE (Reuters) – State-owned Botswana Power Corporation (BPC) has awarded Norwegian company Scatec ASA a contract to build a 50 MW solar plant, the compan..

News·Sep 01, 2022

French sugar makers to start output early as energy curbs loom

By Sybille de La Hamaide PARIS (Reuters) -France’s two largest sugar makers Tereos and Cristal Union will bring forward the start of their 2022 production ahe..

News·Sep 01, 2022

Hackers hit Italian oil company Eni’s computer networks

(Reuters) -Italian oil company Eni’s computer networks were hacked in recent days but the consequences appear to be minor so far, the company said on Wednesda..

News·Sep 01, 2022

Russia jobless rate stays at record low of 3.9% in July

MOSCOW (Reuters) – The number of people unemployed in Russia was 2.9 million in July, or 3.9% of the workforce, with the jobless rate staying at the record lo..

News·Sep 01, 2022

Barclays announces sale of remaining shares in South Africa’s Absa

LONDON (Reuters) – Barclays will sell its remaining 7.4% stake in South African bank Absa, it said on Wednesday, completing its exit from a more than 90-year ..

Companies·Aug 30, 2022

O’Grady to return to Bank of Ireland as CEO – Irish Times

DUBLIN (Reuters) – Bank of Ireland’s board has selected the group’s former chief financial officer Myles O’Grady to become its next chief executive, jus..

News·Aug 30, 2022

Parched UAE turns to science to squeeze more rainfall from clouds

By Abir Ahmar ABU DHABI (Reuters) – As a twin-turboprop aircraft takes off under the burning desert sun with dozens of salt canisters attached to its wings, U..

News·Aug 30, 2022

Schlumberger, Subsea 7 and Aker Solutions to form subsea engineering firm

OSLO (Reuters) – U.S. engineering firm Schlumberger and Norway’s Aker Solutions plan to merge their subsea oil and gas construction business and to bring in..

News·Aug 30, 2022

PIMCO cut big position in Russia CDS by adding bonds in Q2

By Davide Barbuscia NEW YORK (Reuters) – PIMCO’s largest investment fund bought Russia government international bonds and hedged its position through credit..

News·Aug 30, 2022

Toyota’s July global vehicle output drops again, puts annual target in doubt

(Reuters) -Toyota Motor Corp said on Tuesday its July global vehicle production had fallen 8.6% year-on-year, missing its target for the fourth straight month, ..

News·Aug 30, 2022

Rate fever propels dollar, wallops stocks and bonds

By Dhara Ranasinghe and Koh Gui Qing NEW YORK/LONDON (Reuters) – World stocks slumped on Monday as the growing risk of more aggressive U.S. and European inter..

News·Aug 30, 2022

EEX markets to remain open as power prices soar – statement

FRANKFURT (Reuters) – The European Energy Exchange said on Monday the bourse would remain open in its transparent price-setting role following significant pow..

News·Aug 29, 2022

Swiss watchmakers remain upbeat ahead of Geneva gathering

By Silke Koltrowitz ZURICH (Reuters) – Swiss watchmakers are not seeing signs so far that geopolitical tensions and recession fears are hitting demand for lux..

News·Aug 29, 2022

Sony to buy mobile game developer in push beyond consoles

By Sam Nussey TOKYO (Reuters) – Sony Group Corp on Monday said it will acquire Helsinki and Berlin-based mobile games business Savage Game Studios for an undi..

News·Aug 29, 2022

Finnair partners with Qatar Airways in search of new routes

(Reuters) – Finnair will establish a strategic partnership with Qatar Airways to open up new routes from Nordic capitals to the Qatari capital Doha, the Fi..

News·Aug 29, 2022

IKEA stores owner buys 49% stake in Swedish wind power projects

STOCKHOLM (Reuters) – Ingka Group, the owner of most IKEA stores worldwide, on Monday said it has agreed to buy a 49% stake in three wind development projects..

News·Aug 29, 2022

Oil rises on prospect of OPEC supply cut, demand growth

By Sonali Paul and Mohi Narayan (Reuters) -Oil prices rose 1% on Monday, as expectations that OPEC would cut output if needed to support prices, coupled with co..

News·Aug 29, 2022

NASA’s next-generation megarocket set for debut test launch to moon

By Joey Roulette and Steve Gorman CAPE CANAVERAL, Fla. (Reuters) – NASA’s colossal next-generation rocketship was set for its long-awaited debut launch on M..

News·Aug 29, 2022

Johnny Depp makes surprise appearance at MTV’s Video Music Awards

By Lisa Richwine (Reuters) – Actor Johnny Depp, who is trying to rebuild his career after an ugly defamation fight with his ex-wife Amber Heard, appeared as a..

News·Aug 29, 2022

China July industrial profits down as COVID curbs, heatwaves hit

SHANGHAI (Reuters) -Profits at China’s industrial firms sank in July, reversing previous gains as fresh COVID-19 curbs dragged down demand and squeezed factor..

News·Aug 26, 2022

Sentiment among German exporters falls for third month in a row -Ifo

BERLIN (Reuters) – Sentiment among German exporters fell for the third month in a row in August as high gas prices and a weak global economic environment weig..

News·Aug 26, 2022

New UK PM will need to take urgent action on energy bills – Ofgem CEO

LONDON (Reuters) – Britain’s new prime minister will need to act urgently to address the issue of soaring energy prices, the chief executive of energy regul..

News·Aug 26, 2022

UK’s Micro Focus shares nearly double after Canada’s OpenText agrees $6 billion takeover

By Eva Mathews and Krystal Hu (Reuters) -Shares of Micro Focus soared more than 90% on Friday after Canadian software company OpenText agreed to buy the enterpr..

News·Aug 26, 2022

Most of BP’s Whiting refinery units shut following fire -sources

HOUSTON (Reuters) -Most of the units at BP Plc’s 435,000 barrel-per-day Whiting, Indiana, refinery were out of production on Thursday following a Wednesday ni..

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