Business News

By Conor Humphries and Sergio Goncalves DUBLIN (Reuters) -Ryanair announced cuts to its winter schedule on Thursday due to delays in the delivery of Boeing aircraft, but Europe’s largest airline …

By David Shepardson WASHINGTON (Reuters) – United Airlines on Thursday said it will improve air travel for passengers using wheelchairs under an agreement with the U.S. Transportation Department following a …

ROME (Reuters) – Italy on Thursday signed off a deal with distributors’ associations to try to control the prices of essential goods in the last quarter of this year, though …

By Pete Schroeder WASHINGTON (Reuters) -The leadership of Silicon Valley Bank and its government supervisors failed to quickly recognize risks looming in the firm before its March failure, according to …

By Supantha Mukherjee and Divya Rajagopal STOCKHOLM/TORONTO (Reuters) – Swedish lithium-ion battery producer Northvolt said on Thursday it would open a $5.2 billion gigafactory in Quebec, the largest ever investment …

By Brian Benza GABORONE (Reuters) -Botswana’s government is reassessing a proposed deal with HB Antwerp after Lucara Diamond terminated its sales agreement with the Belgian gem trader, citing financial irregularities, …

By Arathy Somasekhar HOUSTON (Reuters) – Oil prices surged 3% on Wednesday to the highest settlement in 2023, after a steep drop in U.S. crude stocks compounded worries of tight …

SHANGHAI (Reuters) -Nio has held exploratory talks with Mercedes-Benz for a tie-up that would see the German automaker invest in the Chinese electric vehicle startup in exchange for technology, two …

By Nathan Gomes (Reuters) -CarMax on Thursday posted a lower-than-expected quarterly profit, hurt by weakening demand for preowned vehicles, sending the used-car retailer’s shares down nearly 10%. Preowned vehicles’ demand, …

By Niket Nishant and Lananh Nguyen (Reuters) -Jefferies Financial Group reported a smaller-than-expected third-quarter profit on Wednesday as lingering economic uncertainty kept dealmaking in check, but the firm said it …

(Reuters) -ChatGPT maker OpenAI is in advanced talks with former Apple designer Jony Ive and SoftBank’s Masayoshi Son to build the “iPhone of artificial intelligence”, fuelled by more than $1 …

By Selena Li HONG KONG (Reuters) -HSBC is set to acquire Citigroup’s China consumer wealth management business, which manages more than $3 billion in assets, two sources with knowledge of …

By David Shepardson, Joseph White DETROIT (Reuters) -The United Auto Workers union could strike additional Detroit Three automotive facilities on Friday if there is no serious progress in labor negotiations, …

By Kannaki Deka (Reuters) -AGCO Corp said on Thursday it would acquire an 85% stake in navigation products maker Trimble’s agribusiness for $2.0 billion in cash as the tractor and …

(Reuters) – PGA Tour said its planned merger with Saudi-backed LIV Golf and DP World Tour has garnered unsolicited interest from investors as it continues to finalise an agreement with …

By Amina Niasse NEW YORK (Reuters) – Contracts to buy U.S. existing homes fell more than expected in August, tumbling by the most in nearly a year as high mortgage …

By Clare Jim HONG KONG (Reuters) – Mingling with power brokers at celebrations to mark the centenary of the Chinese Communist Party on July 1, 2021, a beaming Hui Ka …

(Reuters) -Micron Technology’s first-quarter loss forecast has triggered concerns of a sluggish recovery in the memory chip maker’s end-markets such as data centers, sending its shares down over 5% in …

BERLIN (Reuters) -German inflation fell in September to its lowest level since Russia launched its full-scale invasion of Ukraine, signalling what could be the beginning of the end for the …

By Howard Schneider WASHINGTON (Reuters) – The U.S. Federal Reserve may be on the cusp of “something rare” by lowering inflation without a major blow to jobs and growth, and …

(Reuters) – New vehicle sales in the United States are projected to rise for a sixth consecutive month in September on strong demand, according to an industry report, though the …

(Reuters) -China Evergrande Group said on Thursday authorities have informed the embattled property developer that its chairman Hui Ka Yan has been subject to mandatory measures in accordance with the …

By Lucia Mutikani WASHINGTON (Reuters) – U.S. economic activity was either even weaker or not as strong as previously estimated in each of the first quarters of 2020, 2021 and …

BERLIN (Reuters) – Five economic institutes are predicting Germany’s economy will shrink by 0.6% this year, as rising interest rates take their toll on investment and high inflation depresses consumption. …