Business News

(Reuters) – High inflation hurts low-income households hardest, and bringing it down is the best way for the Federal Reserve to help bring prosperity to Americans broadly and narrow the …

By Howard Schneider WASHINGTON (Reuters) -Even under a “generous” analysis of monetary policy, the Federal Reserve needs to keep raising interest rates given that its tightening so far “had only …

By Jan Schwartz HAMBURG (Reuters) -Volkswagen Chief Executive Oliver Blume is reviewing whether to stick to a plan to build a new plant to assemble its Trinity electric vehicles (EV) …

BLANTYRE (Reuters) – The International Monetary Fund’s executive board has granted Malawi a waiver after it misreported its international reserves, the IMF said on Thursday, helping clear the way for …

(Reuters) – Roku Inc said on Thursday it would cut 200 jobs in the United States, becoming the latest tech company to lay off workers amid an economic slowdown and …

By James Davey LONDON (Reuters) -Britain will provide 13.6 billion pounds ($16.1 billion) of support to retail, hospitality and leisure companies facing higher business rate bills next year, to help …

LONDON (Reuters) – Britain’s budget plan for tax increases and tighter public spending announced on Thursday goes some way to restoring the country’s economic credibility, but risks remained due to …

By Uday Sampath Kumar and Deborah Mary Sophia (Reuters) -Upscale U.S. retail chain Macy’s Inc raised its annual profit forecast on Thursday on resilient demand for high-end clothes and beauty …

WASHINGTON (Reuters) – St. Louis Fed President James Bullard on Thursday said he would defer to Chair Jerome Powell to decide on the size of upcoming rate increases as the …

FRANKFURT (Reuters) – Thyssenkrupp expects sales to fall by less than 10% in 2023, its chief financial officer told analysts on Thursday after presenting full-year results. “It won’t be a …

MADRID (Reuters) – A union group representing shop assistants at fashion retailer Zara has called a two-day strike over pay next week in the 44 stores in the company’s home …

(Reuters) – Lyft and driverless technology firm Motional said on Thursday that residents in Los Angeles will be able to book robotaxis on the ride-hailing company’s app, but did not …

By Rachael Levy and Ross Kerber WASHINGTON/BOSTON (Reuters) – The share of women and minority leaders taking on CEO roles has stagnated since last year at top U.S. companies despite …

WASHINGTON (Reuters) – U.S. homebuilding fell sharply in October, with single-family projects dropping to the lowest level in nearly 2-1/2 years, as the housing market buckles under the strain of …

By Gabriel Araujo and Luana Maria Benedito SAO PAULO (Reuters) -Brazilian markets slumped on Thursday after the incoming administration of President-elect Luiz Inacio Lula da Silva proposed exempting some 175 …

(Reuters) – A gauge of manufacturing activity in the U.S. mid-Atlantic region fell unexpectedly this month to its lowest level – outside of the coronavirus pandemic – since 2011 as …

COLOMBO (Reuters) – Sri Lanka’s inflation would likely be below 4%-5% by the end of next year if the current fiscal policies are maintained, central bank governor Nandalal Weerasinghe said …

By Huw Jones, Iain Withers and Carolyn Cohn LONDON (Reuters) -Britain set out more plans on Thursday to help make it the world’s most competitive financial centre by easing capital …

By David Shepardson WASHINGTON (Reuters) – Chrysler-parent Stellantis is recalling 280,000 Ram heavy-duty diesel trucks worldwide for fire risks, a filing with the National Highway Traffic Safety Administration and a …

ROME (Reuters) -Frank Cadoret, one of two board members representing top investor Vivendi in Telecom Italia (TIM), resigned for “personal reasons”, the Italian group said on Thursday. The former phone …

MILAN (Reuters) -Italian utility Enel said on Thursday it would build a solar photovoltaic (PV) cell and panel manufacturing facility in the United States in an effort to support the …

(Reuters) – Lyondell Basell Industries is evaluating expansion of propylene production capacity at its Channelview Complex near Houston, the chemicals maker said on Thursday. An expansion would involve building a …

By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka has postponed a round of debt restructuring talks initially expected to be held on Thursday to allow central bank and treasury officials …

BERLIN (Reuters) -German exports are likely to fall 2% next year due to a sluggish global economy, with nearly half of German companies that sell abroad expecting an economic downturn, …

By Christoph Steitz and Tom Käckenhoff FRANKFURT/ESSEN, Germany (Reuters) -German industrial group Thyssenkrupp on Thursday warned that sales and profit will “nosedive” next year as high inflation and energy costs …