Business News

By David Milliken and Huw Jones LONDON (Reuters) -The Bank of England warned on Tuesday about “significant pressure” on households and businesses due to higher inflation and borrowing costs, but …

BERLIN (Reuters) -Volkswagen and Italy’s Enel have formed a joint venture to build 3,000 high-speed charging points across Italy for electric vehicles (EVs), investing 100 million euros ($105.38 million) each, …

BERLIN (Reuters) – The ongoing slowdown in global trade is expected to worsen in 2023, the U.N. Conference on Trade and Development (UNCTAD) said on Tuesday. “While the outlook for …

By Timothy Gardner WASHINGTON (Reuters) -The U.S. Department of Energy on Tuesday will announce that scientists at a national lab have made a breakthrough on fusion, the process that powers …

(Reuters) – Futures for Canada’s resources-heavy main stock index climbed on Tuesday as commodity prices rose, while investors kept a close watch on a key U.S. inflation reading for clues …

(Reuters) – China’s Geely Automobile Holdings Ltd said on Tuesday its electric car brand, Zeekr, had confidentially filed for a U.S. initial public offering, in what would be the first …

(Reuters) – A look at the day ahead in U.S. and global markets from Mike Dolan. With headlines dominated by the arrest in the Bahamas of failed crypto boss Sam …

WASHINGTON (Reuters) – U.S. small-business confidence rebounded in November, according to a survey on Tuesday, which also showed that inflation and worker shortages remained major issues for owners. The National …

OSLO (Reuters) – Germany’s Wintershall Dea and its partners Petoro and Sval Energi will invest around 8 billion Norwegian crowns ($803.6 million) to develop the Dvalin North gas field in …

BERLIN (Reuters) – Germany will approve another 50 million euros ($52.68 million) in winter aid for Ukraine in response to Russian attacks on energy infrastructure there, German Foreign Minister Annalena …

JOHANNESBURG (Reuters) – MTN South Africa and MTN GlobalConnect, in partnership with a consortium, have landed a 45,000 kilometre subsea cable in South Africa, part of plans to build a …

(Reuters) -China is delaying a key economic meeting after COVID-19 infections surged in Beijing, according to a report by Bloomberg News on Tuesday, citing people familiar with the matter. The …

By Sheila Dang (Reuters) – Twitter Inc on Monday disbanded its Trust and Safety Council, a volunteer group formed in 2016 to advise the social media platform on site decisions, …

(Reuters) -The U.S.-China row over technology has ratcheted up this week, with Washington confirming talks with Japan and the Netherlands about tightening exports of semiconductor manufacturing equipment to China, and …

HONG KONG (Reuters) – Hong Kong’s Cathay Pacific Airways Ltd said on Tuesday the group is on track to achieve target of operating up to one-third of pre-pandemic passenger flight …

FRANKFURT (Reuters) – Germany’s Hapag-Lloyd is seeing a small uptick in demand for shipping after a decline in recent months, but the company on Tuesday reiterated its more muted outlook …

(Reuters) -Holiday Inn owner IHG has named Michael Glover, the finance chief of its Americas division and group head of commercial finance, as its new finance boss, sending the company’s …

(Reuters) – Russia expects investment in fixed capital to have grown in 2022, economy minister Maxim Reshetnikov was cited by state media as saying on Tuesday. Fixed capital investment is …

(Reuters) – Lufthansa expects to achieve adjusted earnings before interest and taxes (EBIT) of around 1.5 billion euros ($1.58 billion) in 2022, the German flag carrier said in a statement …

FRANKFURT (Reuters) – Deutsche Bank said on Tuesday that claims in a years-long litigation over its takeover of Postbank remain unfounded. (Reporting by Tom Sims and Marta Orosz, editing by …

LONDON (Reuters) – The year ahead is shaping up as the most promising for fixed income in over a decade, Gurpreet Gill, macro strategist, global fixed income at Goldman Sachs …

HONG KONG (Reuters) – Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 1.33 million Hong Kong-listed shares of electric vehicle maker BYD for HK$267.69 million ($34.43 million), …

By Joe Cash, Ellen Zhang and Sophie Yu BEIJING (Reuters) – From e-commerce giant JD.com to cosmetics brand Sephora, companies in China are rushing to minimise the impact of surging …

ROME, Dec 13 (Reuters) – Italian industrial output fell more than expected in October after plunging the month before, data showed on Tuesday getting the fourth quarter off to a …