Business News

By Francesca Piscioneri ROME (Reuters) – Italy’s economy will grow by 0.4% next year, national statistics bureau ISTAT said on Tuesday, slashing a 1.9% projection made in June and warning …

By Katie Paul (Reuters) – Meta Platforms’ Oversight Board recommended on Tuesday that the company revamp its system exempting high-profile users from its rules, saying the practice privileged the powerful …

A look at the day ahead in U.S. and global markets from Mike Dolan. With a bit of a lag perhaps after Friday’s strong jobs report, markets are realising the …

MOSCOW (Reuters) -Russia’s automobile market slump extended into November, the Association of European Businesses (AEB) said on Tuesday, with sales of new cars down 61.6% year-on-year, as the struggling sector …

By Emma Farge GENEVA (Reuters) – Airline passengers face higher ticket prices as the industry moves towards its target of reducing emissions to net zero by 2050, the head of …

By Huw Jones LONDON (Reuters) – Britain’s financial watchdog on Tuesday proposed tougher rules for approving financial promotions after a sharp rise in misleading marketing online. Currently, marketing information can …

By Marc Jones LONDON (Reuters) – European Central Bank interest rates will go up again but are now “very near” their neutral level, ECB policymaker Constantinos Herodotou said on Tuesday. …

TORONTO (Reuters) – Home prices in the Greater Toronto Area (GTA) fell in November as rapidly rising interest rates weighed on the city’s once-red-hot housing market, data from the Toronto …

LONDON (Reuters) – Growth in Britain’s construction industry slowed to a crawl in November as high borrowing costs and the gloomy economic outlook crimped building work, a survey showed on …

HANOI (Reuters) – South Korean electronics giants Samsung and LG plan to pour billions of dollars of additional investment into Vietnam, the Vietnamese government said on Tuesday. The announcement comes …

JAKARTA (Reuters) – Indonesia’s president has asked the government to create a mechanism next year to ensure the rollout of B35 biodiesel, a senior minister said on Tuesday. B35 is …

(Corrects fund manager’s surname in last paragraph) By Anushka Trivedi MUMBAI (Reuters) – Foreign investors are buying into Indian financial firms, lured by the prospects of a fresh credit cycle …

(Reuters) – All of Australia’s “big four” banks said on Tuesday they will raise their home loan rates by a quarter-point, passing on the central bank’s eighth rate hike in …

OSLO (Reuters) – Norwegian companies see a further deterioration in their outlook for the next six months, a central bank survey showed on Tuesday. “Looking ahead, contacts expect lower activity …

STOCKHOLM (Reuters) – Swedish companies have not raised consumer prices by more than is motivated by the growing costs they face, a report published by the National Institute of Economic …

BERLIN (Reuters) – Mercedes-Benz is to double production capacity for electric motors to 1 million units at its Untertuerkheim plant, which has traditionally focused on combustion engines, WirtschaftsWoche magazine reported …

By Gaurav Dogra (Reuters) – Foreign net monthly inflows into Asian equities hit a two-year high in November on hopes that the U.S. Federal Reserve could cut the pace of …

(Reuters) -EssilorLuxottica signed an exclusive licensing agreement with Swarovski Eyewear, the Franco-Italian eyewear maker said on Tuesday. The collaboration’s first collection, to be developed under Swarovski’s creative director Giovanna Engelbert, …

By Saqib Iqbal Ahmed NEW YORK (Reuters) – As the U.S. dollar tumbles from multi-decade highs, some investors are betting emerging market currencies will be big winners from a sustained …

FRANKFURT (Reuters) – The European Central Bank will have to raise interest rates several more times to tame price pressures, even if headline inflation is now close to its peak, …

By Stella Qiu SYDNEY (Reuters) – Australia’s central bank on Tuesday raised interest rates to a 10-year high and stuck with its projection that more hikes are needed to cool …

(Reuters) – Payments company Wirecard collapsed in 2020 in Germany’s biggest post-war fraud scandal. A trial will start in Munich on Thursday, with former Chief Executive Markus Braun facing charges. …

By Jörn Poltz and Christian Kraemer MUNICH/BERLIN (Reuters) – Former Wirecard executives go on trial on Thursday, two years after the collapse of the payments company that produced Germany’s biggest …

(Reuters) -The Australian securities regulator on Tuesday took the local unit of American Express Co (AmEx) to court alleging two of its credit cards co-branded with retailer David Jones were …

A look at the day ahead in European and global markets from Anshuman Daga Just as missile attacks fuel worries of emergency blackouts in Ukraine, global equities are also feeling …