Business News

BEIJING (Reuters) – The operator of Canadian coffee chain Tim Hortons in China said on Thursday it had forged a two-year partnership with Alibaba Group’s grocery chain that will see …

By Paul Sandle and Sarah Young LONDON (Reuters) – London is losing out to Paris and Milan as a tourist destination for high-spending shoppers over the lack of a tax …

(Reuters) -Kohl’s Corp withdrew its 2022 sales and profit forecasts on Thursday, blaming an uncertain economic outlook and the departure of top boss Michelle Gass. Shares of the department store …

LONDON (Reuters) – Britain’s economy is forecast to shrink by 1.4% in 2023, finance minister Jeremy Hunt said on Thursday, citing the latest projections from the Office for Budget Responsibility …

By Howard Schneider WASHINGTON (Reuters) – Let the sticker shock begin: The upcoming U.S. Thanksgiving holiday, a time when families and friends typically celebrate with groaning sideboards, a stuffed turkey, …

MADRID (Reuters) – Soaring energy prices pushed Spain’s trade deficit in the first nine months of the year to widen four-fold from the same period a year earlier, to 53.44 …

(Reuters) -FTX, formerly one of the world’s largest crypto exchanges, is seeking new funding after a rush of customer withdrawals left it on the brink of collapse. Regulators froze some …

By David Lawder NUSA DUA, Indonesia (Reuters) – Electric vehicles (EVs) shuttled G20 delegations and security forces across the southern tip of Bali this week in a symbolic show of …

SHANGHAI (Reuters) – Apple supplier Foxconn has hit a hiring target of 100,000 new workers for its Zhengzhou plant in China, financial news outlet Yicai reported on Thursday, a milestone …

PRETORIA (Reuters) – South African civil servants will march to the National Treasury in the administrative capital Pretoria and in the country’s other eight provinces next Tuesday to pressure the …

By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) -Indonesia’s central bank raised its key interest rate by 50 basis points for a third consecutive month on Thursday, saying it will …

By John Revill ZURICH (Reuters) -Siemens shares surged on Thursday after the German technology and engineering group’s fourth quarter results beat forecasts and it gave a confident outlook about future …

A look at the day ahead in U.S. and global markets from Mike Dolan. With the Federal Reserve still talking tough on U.S. interest rates, world markets switched attention back …

WARSAW (Reuters) – There is a chance that Polish interest rates could stay at their current levels for many months, central banker Gabriela Maslowska wrote in an article published by …

FRANKFURT (Reuters) – Thyssenkrupp is not ruling out a sale, spin-off or merger of its steel division to realise a stand-alone scenario it deems best for the business, but added …

LONDON (Reuters) – Ukraine’s Deputy Central Bank Governor Kateryna Rozhkova said on Thursday inflation in the war-torn country would hit 30% by year-end and stay elevated next year. However, tight …

(Corrects to add story identifier) (Reuters) -J.P.Morgan economists predict a “mild recession” in the United States in the back half of next year given expectations for the Federal Reserve to …

BRUSSELS (Reuters) – Euro zone inflation in October was marginally lower than previously reported in year-on-year terms but still at a record high because of surging energy prices, final data …

SINGAPORE (Reuters) – The collapse of crypto exchange FTX has raised “very serious allegations that amount to potential fraud”, Singapore’s finance minister and deputy prime minister said on Thursday. Lawrence …

By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – The Philippine central bank raised its key policy rate by 75 basis points on Thursday and signalled more rate …

By Huw Jones LONDON (Reuters) – The European Union will propose rules next month to make it easier for companies to list, give creditors more predictability on company bankruptcies, and …

By Jody Godoy (Reuters) – U.S. crypto investors sued FTX founder Sam Bankman-Fried and several celebrities who promoted his exchange including NFL quarterback Tom Brady and comedian Larry David, claiming …

HONG KONG (Reuters) – Hong Kong’s seasonally adjusted unemployment rate eased to 3.8% in the August-October quarter, improving for the sixth consecutive period as economic activities revive in an easing …

(Reuters) – The founder of collapsed crypto exchange FTX, Sam Bankman-Fried, said he regretted his decision to file for bankruptcy and, in an interview published by Vox, criticized regulators. Bankman-Fried …