Business News

By Olivier Sorgho and Virginia Furness PARIS (Reuters) – France’s biggest retail lender Credit Agricole said on Tuesday it has stopped financing new oil extraction projects and laid out plans …

By Patrick Werr CAIRO (Reuters) – Headline inflation in Egypt is likely to have sped up in November, a Reuters poll showed on Tuesday, after a currency devaluation in October …

(Reuters) -Pakistan is committed to completing the International Monetary Fund programme while meeting external debt repayments on time, the country’s finance minister said on Tuesday during a meeting with the …

By Clara Denina and Helen Reid LONDON (Reuters) -London-listed Glencore cut 2023 production guidance across all the commodities it mines, missing consensus estimates and sending its shares sharply lower on …

WARSAW (Reuters) – Poland’s financial regulator KNF has adopted a new dividend policy for banks for 2023, allowing them to pay out a percentage of their net profit to shareholders …

By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit widened sharply in October as slowing global demand and a strong dollar pushed goods exports to a seven-month low, suggesting …

HOUSTON (Reuters) -The U.S. Energy Information Administration on Tuesday raised its forecast for this year’s crude output growth marginally, while petroleum demand is likely to rise less than previously expected. …

(Reuters) – JetBlue Airways Corp said on Tuesday it was committed to reducing emissions related to jet fuel by 50% per revenue tonne kilometer by 2035 from 2019 levels. The …

By Amruta Khandekar and Bansari Mayur Kamdar (Reuters) – European shares fell on Tuesday, dragged down by weakness in healthcare and rate-sensitive tech stocks, with investors concerned about a global …

BRUSSELS (Reuters) – Meta cannot run advertising based on personal data and will need users’ consent to do so, according to a confidential EU privacy watchdog decision, a person familiar …

(This Nov. 29 story has been refiled to remove picture) (Reuters) – AMC Networks said its chief executive officer had stepped down, less than three months after taking over the …

(Adds Buzzfeed) (Reuters) – U.S. companies, from tech majors to consumer firms, are bracing for a potential economic downturn by shrinking their employee base to streamline operations. Job cuts announced …

(Reuters) -BuzzFeed Inc will cut about 12% of its workforce to rein in costs, the online media company said on Tuesday, as it joins a growing number of U.S. firms …

TIRANA (Reuters) – German Chancellor Olaf Scholz expressed confidence on Tuesday that the European Union and United States would resolve their differences on the U.S. Inflation Reduction Act, a $430 …

CAIRO (Reuters) – The central bank of Kuwait raised its discount rate by 0.50% from 3% to 3.50% effective Dec. 7, a central bank statement said on Tuesday. The decision …

LISBON (Reuters) – Cabin staff at Portugal’s flag carrier TAP will go on strike on Thursday and Friday to demand higher wages after pay cuts under the airline’s recovery plan, …

PARIS (Reuters) – Michelin will cut fewer jobs in France than the 2,300 estimated in its initial voluntary redundancy plan in a bid to safeguard production. The French tyre maker …

By Helen Coster (Reuters) – Paramount Global expects its fourth-quarter advertising revenue to be lower than its third quarter advertising revenue, Chief Executive Officer Bob Bakish said at the UBS …

By Svea Herbst-Bayliss NEW YORK (Reuters) -For much of Wall Street, trading this year has been like riding a wild roller coaster. For thousands of employees of Citadel and Citadel …

GENEVA (Reuters) – The World Trade Organization said in a report on Tuesday that countries were introducing trade restrictions at an increased pace, particularly on food, feed and fertilisers. “Out …

By Ceyda Caglayan ISTANBUL (Reuters) – The Turkish lira’s sudden stability after a roller-coaster year, despite annual inflation near 85%, is hurting exporters’ competitiveness and some risk losing markets, a …

(Reuters) -Italian fashion group Prada confirmed on Tuesday that it would name former Luxottica chief Andrea Guerra as its new chief executive officer to ease a transition at the helm …

(Reuters) – Russia is considering setting a price floor for its international oil sales as a response to a cap imposed by G7 nations, Bloomberg News reported on Tuesday. Moscow …