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By Rahul Paswan (Reuters) – Oil prices are expected to stay above $100 a barrel this year as Europe and other regions struggle to wean themselves off Russian supply, a …

MILAN -Italy’s antitrust authority said on Thursday it had closed an investigation launched last year over U.S. fast-food chain McDonald’s franchise terms in the country. The AGCM regulator said that …

By Alex Lawler and Maha El Dahan LONDON/DUBAI – Saudi Arabia’s push for swifter oil production hikes by OPEC+, which were agreed in June, involved behind-the-scenes diplomacy to ensure Russia …

(Reuters) – A U.S. recession over the next 12 months is “probably more likely than not”, PIMCO’s global chief investment officer for fixed income Andrew Balls said on Thursday. Balls, …

By Andres Gonzalez, Echo Wang and Lucy Raitano (Reuters) -Recession fears and Russia’s invasion of Ukraine sent a chill through equity capital markets (ECM) in the second quarter, depriving bankers …

By Paresh Dave OAKLAND, Calif. – AI chatbot company Replika, which offers customers bespoke avatars that talk and listen to them, says it receives a handful of messages almost every …

By Joyce Lee SEOUL – Samsung Electronics Co Ltd said on Thursday it has begun mass producing chips with advanced 3-nanometre technology, the first to do so globally, as it …

BRUSSELS – Euro zone unemployment fell to a new record low in May as the economy continued to rebound from the COVID-19 pandemic, even if inflation exacerbated by Russia’s invasion …

LONDON – British consumer activity slowed in mid-June, with fewer visits to restaurants, less usage of public transport and a slight fall in credit and debit card spending, data collated …

BUDAPEST – Hungary’s central bank hiked its one-week deposit rate by 50 bps to 7.75% at a tender on Thursday as its raised its forecast for tax-adjusted core inflation, its …

HONG KONG – Hong Kong’s May retail sales fell 1.7% from a year earlier after a sharp increase the previous month, government data showed on Thursday. Sales eased to HK$29.1 …

BERLIN -German unemployment rose in June, Labour Office figures showed on Thursday, as Ukrainian refugees are registering with the office in search of work. The Federal Labour Office said the …

BEIJING – China opposes the blacklisting of Chinese firms by the United States and will take the necessary measures to protect them, the commerce ministry said on Thursday. U.S. President …

PARIS – EU member states will adopt plans for a minimum corporate tax rate in the bloc in the coming months regardless of whether holdout nation Hungary backs the reform, …

By William Schomberg LONDON – Britain racked up a record shortfall in its current account in early 2022, in part due to the soaring cost of its fuel imports, according …

By Balazs Koranyi and Francesco Canepa SINTRA, Portugal – European Central Bank policymakers put on a brave face at their annual gathering in the hills above the Portuguese capital and …

BERLIN – Austria’s economic recovery is losing steam, the WIFO institute said on Thursday, even as its outlook for 2022 improved. Austrian gross domestic product is expected to grow by …

(Reuters) -The European Central Bank plans to ask euro zone lenders to factor a possible recession into their business plans and will use this new calculation for approving dividend payout …

SEOUL – South Korea’s Hyundai Motor Co and its two affiliates plan to jointly set up a company in the United States to explore businesses, Hyundai Motor said on Thursday. …

AMSTERDAM – Dutch airline KLM has paid back the last part of loans granted by the Dutch government during the COVID-19 pandemic, it said on Thursday. The Dutch arm of …

LONDON – British house prices rose at a slower pace in June than in May as higher inflation squeezed household budgets, but the average price of a home still hit …

By Francesco Zecchini and Francesca Landini MILAN – Italy’s De Nora family will be relieved that the electrode manufacturer managed to make it on to the Milan Stock Exchange on …

TOKYO – More than 20% of Toshiba Corp shareholders voted against a dissident external director and two board directors from activist hedge fund investors, final voting results showed on Thursday. …

By Supantha Mukherjee STOCKHOLM – Gartner forecast global mobile phone sales to fall 7.1% this year on Thursday, revising its earlier estimate of a growth of 2.2%, citing inflation, Russia’s …

(Reuters) – China’s slowing economy and an inflation-driven drop in consumer spending are expected to drag down global shipments of computers and smartphones this year, according to research firm Gartner. …