Business News

By Steven Scheer JERUSALEM (Reuters) – Moody’s Investors Service said on Tuesday that passage of a new law in Israel limiting some Supreme Court powers signalled that political tensions will …

By Tim Hepher and Mathieu Rosemain PARIS (Reuters) – France’s Thales said on Tuesday it would buy U.S. cybersecurity company Imperva in a deal worth $3.6 billion as it steps …

By Joseph White and Paul Lienert DETROIT (Reuters) -General Motors is wrestling with costs and struggling to build more electric vehicles, as it reported Tuesday that adjusted pre-tax profit and …

By Bansari Mayur Kamdar (Reuters) – Meme stocks have surged in the last few weeks as retail investors shun pricier stocks for cheaper speculative names, but some experts worry that …

FRANKFURT (Reuters) -Deutsche Bank signalled a more positive outlook on Tuesday, saying it would undertake a 450 million euro ($497 million) share buyback this year. The measure, larger than last …

(Reuters) – Chinese short-video app TikTok is allowing users to create text-only posts, in the latest attempt by a social media firm to capitalize on the turmoil at Twitter since …

By Andrea Shalal WASHINGTON (Reuters) – The International Monetary Fund on Tuesday raised its 2023 global growth estimates slightly given resilient economic activity in the first quarter, but warned that …

By Shaloo Shrivastava BENGALURU (Reuters) – The Bank of England will raise its Bank Rate by a quarter-point to 5.25% on August 3, making borrowing the costliest since early 2008, …

SAO PAULO (Reuters) – Brazilian electric utility Copel is planning to launch a public share offering between Tuesday and Wednesday of up to 5 billion reais ($1.05 billion) to take …

By Shivansh Tiwary (Reuters) -U.S. airlines stocks tumbled on Tuesday as investors were spooked by downbeat forecasts from Alaska Air Group and a warning on jet engines by aerospace giant …

By Chijioke Ohuocha ABUJA (Reuters) -Nigeria’s central bank raised its main lending rate by a smaller-than-expected 25 basis points on Tuesday, saying it preferred a moderate increase to anchor inflation …

By Kannaki Deka (Reuters) -U.S. industrial conglomerate 3M Co on Tuesday raised its full-year profit forecast and reported better-than-expected quarterly results helped by higher prices and cost-cut measures, sending its …

By Mimosa Spencer PARIS (Reuters) -Sales at the world’s top luxury group LVMH rose by 17% in the second quarter, with a sharp rebound in China helping to offset a …

LONDON (Reuters) – Global crude steel production fell 1.1% year on year to 943.9 million metric tons in the first half of 2023 due to lower output in Europe and …

(Reuters) -Amazon.com has slashed the price it will pay for iRobot by about 15% to around $1.42 billion after the maker of Roomba vacuum cleaners incurred fresh debt, the companies …

By Timothy Aeppel (Reuters) – The U.S. economy may ultimately skirt a recession, but it’s felt like one for months at Jon Ferrando’s 103 RV dealerships. Retail sales of recreational …

By Gary McWilliams HOUSTON (Reuters) – U.S. oil and gas deals rebounded in the second quarter as private equity firms shed shale portfolio investments and publicly traded oil firms grabbed …

By David Milliken LONDON (Reuters) – The Bank of England forecast on Tuesday that it would make a net loss of just over 150 billion pounds ($193 billion) over the …

(Reuters) -Goodyear Tire & Rubber Co said it would add three directors in agreement with Elliott Investment Management, months after the activist investor disclosed a stake and called for changes …

LOS ANGELES (Reuters) – United Parcel Service (UPS) and the Teamsters union representing 340,000 employees at the package delivery firm plan to meet on Tuesday in an effort to avert …

By Paul Lienert and Joseph White (Reuters) – General Motors CEO Mary Barra has staked billions on a broad lineup of electric vehicles such as the Chevrolet Silverado EV designed …

DUBAI (Reuters) -The International Monetary Fund cut its 2023 GDP growth projection for Saudi Arabia to 1.9% in its latest World Economic Outlook update released on Tuesday, to reflect the …

NEW YORK, NY – Sailing on a Norwegian Cruise Line ship out of New York City? Are you a coffee lover? Then there’s some good news for you. Norwegian Cruise …

LONDON (Reuters) – The Bank of England is expected to raise interest rates for the 14th consecutive meeting next week as it continues to battle the highest inflation rate among …

By Kanishka Singh WASHINGTON (Reuters) – The U.S. Senate’s Finance Committee on Tuesday revealed an ongoing probe into private equity billionaire Leon Black’s financial ties with disgraced late financier Jeffrey …