Business News

PARIS (Reuters) – Alessandro Michele, the creative director of Kering’s top fashion brand Gucci, is stepping down from the role, a source with knowledge of the matter said on Wednesday, …

MILAN (Reuters) – Telecom Italia (TIM) will keep its offices across Italy closed on Fridays as part of a deal with unions to expand home working, cut energy costs and …

By Tatiana Bautzer SAO PAULO (Reuters) – JPMorgan Chase & Co will keep growing in Latin America over the next few years as it expects the region’s geopolitical outlook to …

BEIJING (Reuters) -Three of China’s biggest commercial banks have agreed to provide fundraising support to property developers, including industry giant Vanke, in a coordinated effort to support the country’s embattled …

By Josh Ye HONG KONG (Reuters) – Sony Group Corp said it plans to expand a programme to identify and incubate Chinese-made games, in a race with Microsoft Corp to …

By Gilles Guillaume PARIS (Reuters) – Stellantis is using an abandoned airfield in eastern France to store cars that are ready for delivery but cannot be shipped or kept at …

A look at the day ahead in U.S. and global markets from Mike Dolan. As bond markets furiously flag a looming recession, stock markets suddenly seem fearless. Wall St’s so-called …

FRANKFURT (Reuters) – Inflation in Germany may well remain in double digits into next year despite the government’s efforts to curb energy prices, the Bundesbank said on Wednesday. With consumer …

By Jonathan Cable LONDON (Reuters) -The downturn in euro zone business activity eased slightly in November offering a glimmer of hope the expected recession may be shallower than feared, but …

By Federica Mileo and Diana Mandia (Reuters) -French caterer Elior beat sales expectations on Wednesday and forecast a quick return to profitable growth after a third straight annual loss, sending …

By Promit Mukherjee and Toby Sterling AMSTERDAM (Reuters) -Technology investor Prosus NV said on Wednesday it would launch a cost cutting drive as it seeks to turn a profit in …

By Julie Zhu and Kane Wu HONG KONG (Reuters) – Debt-laden Chinese conglomerate Fosun International is seeking to offload a minority stake in Alibaba Group’s logistics arm Cainiao, in a …

BERLIN (Reuters) – Germany is strong enough to weather the crisis caused by Russia’s invasion of Ukraine and emerge stronger from it thanks a new approach to energy, defence and …

By David Lawder WASHINGTON (Reuters) – The International Monetary Fund urged China on Wednesday to boost COVID-19 vaccination rates and give more robust support to its troubled property sector to …

MOSCOW (Reuters) – President Vladimir Putin said on Wednesday Russian officials would work to unblock Russian fertilisers stuck in European ports and to resume ammonia exports via a pipeline through …

By Chen Lin SINGAPORE (Reuters) -Singapore’s key consumer price gauge rose 5.1% in October, slightly less than forecast and marking the first easing in eight months, official data showed on …

BERLIN (Reuters) – The downturn in German economic activity eased in November, a preliminary survey showed on Wednesday, as firms saw price pressures retreat from recent highs, offering hope that …

MADRID (Reuters) – The euro zone economy will likely show negative growth rates in the fourth quarter while inflation will still remain high before starting to slow down in the …

PARIS (Reuters) – France’s private sector economy contracted in November for the first time since February 2021, according to a monthly survey, as lower new orders weighed on the euro …

MOSCOW (Reuters) – The Russian rouble strengthened on Wednesday ahead of three OFZ treasury bond auctions by the finance ministry, as the market awaited information on a price cap on …

By Francesco Canepa and Frank Siebelt FRANKFURT (Reuters) – German banks should avoid making multi-year promises to their shareholders despite bumper profits this year as the outlook for the economy …

By Harry Robertson LONDON (Reuters) – Investors are moving back into the European corporate bond market after one of the most brutal years in history, lured by juicy yields and …

BERLIN (Reuters) – The German residential property market faces a growing risk of price corrections, the DIW research institute said in a study released on Wednesday. “We are not facing …

By Jonathan Cable LONDON (Reuters) – The Bank of England will press on with interest rate rises to battle inflation even though Britain is heading into a long albeit shallow …

By Choonsik Yoo SEOUL (Reuters) – South Korean President Yoon Suk-yeol said on Wednesday the government would aid companies with the promotion of exports to key regions like Southeast Asia …