Business News

ROME (Reuters) -Italy’s new government wants to bring Telecom Italia’s (TIM) network under state control to speed up the digitalization of the economy, Industry Minister Adolfo Urso said on Monday. …

OSLO (Reuters) -The Swedish Prosecution Authority on Monday said it had closed an investigation into suspected bribery payments made in China by employees at telecoms equipment maker Ericsson because there …

By Nora Buli OSLO (Reuters) -Gas production at Norwegian energy firm Equinor’s Aasgard B gas processing platform was shut on Sunday and could remain offline until Nov. 15 following a …

WARSAW (Reuters) – Inflation in Poland will not return to the National Bank of Poland’s (NBP) target range until the third quarter of 2025, its latest projections showed on Monday. …

BRASILIA (Reuters) – Economic activity in Brazil resumed expansion in September, though below expectations, still ending the quarter with positive data, central bank data showed on Monday. The IBC-Br economic …

DUBAI (Reuters) – Saudi Arabia’s sovereign wealth fund and BlackRock have signed an agreement to jointly explore infrastructure projects in the Middle East, focused on Saudi Arabia. The Public Investment …

By Leigh Thomas PARIS (Reuters) – While households struggle to cope with rocketing prices, the inflation spike is good for the taxman because it means there are simply more revenues …

By Karin Strohecker LONDON (Reuters) – Wall Street banks are raising their outlook for emerging markets’ hard-currency bonds as a slowdown in U.S. rate hikes could provide some breathing space …

BERLIN (Reuters) – Germany’s upper house of parliament blocked a landmark welfare reform on Monday that was meant to raise payments to people on state benefits and help the unemployed …

SAO PAULO (Reuters) – Brazilian planemaker Embraer SA said on Monday that the country’s state development bank BNDES has approved a 2.2 billion real ($413.15 million) credit line to finance …

AMSTERDAM (Reuters) – Workers at BP’s refinery in Rotterdam began a “work-to-rule” action after an ultimatum expired at noon with no new pay agreement in place, a union spokeman said …

BRUSSELS (Reuters) -Euro zone industrial production rose much more than expected in September, and output for August was revised upwards too, data showed on Monday, although economists said that may …

NUSA DUA, INDONESIA (Reuters) – Binance chief executive Changpeng Zhao said the cryptocurrency exchange plans to launch a fund to help crypto projects facing a liquidity crisis as the collapse …

A look at the day ahead in U.S. and global markets from Mike Dolan. After its best week in months, Wall St now has to assess what’s durable from the …

By Makiko Yamazaki TOKYO (Reuters) -Sumitomo Mitsui Financial Group Inc and Mizuho Financial Group on Monday reported strong second-quarter profits on demand from overseas clients looking to lock in loans …

MILAN (Reuters) – Morgan Stanley expects the Bank of England (BoE) to cut interest rates by 150 basis points in 2024 after stopping its tightening cycle in March of next …

By Paul Sandle LONDON (Reuters) – Martin Sorrell said his digital ad group S4 Capital had maintained momentum in a third quarter marked by disappointing results from major platforms including …

By Ankur Banerjee and Vidya Ranganathan SINGAPORE (Reuters) – Singapore-based crypto exchange Crypto.com’s chief executive said the firm will prove all naysayers wrong on the platform being in trouble, and …

BEIJING (Reuters) – China’s financial regulator will allow property developers to access some pre-sale housing funds, it said in a notice published on Monday, the latest move to ease a …

By Leika Kihara NUSA DUA, Indonesia (Reuters) – Asia must phase out coal power gradually while still making use of existing infrastructure to make the shift to a carbon-neutral society …

(Reuters) – A government-affiliated think tank will host a forum next month to discuss the Bank of Japan’s 2% inflation target and the “challenges ahead”, the organisation said on Monday. …

(Reuters) – Goldman Sachs said it expects a “significant” decline in U.S. inflation next year due to easing in supply chain constraints, a peak in shelter inflation and slower wage …

BEIJING (Reuters) -China will extend loan repayment dates for small firms hit by COVID-19 and encourage financing institutions with government guarantees to continue offering credit support to those firms, according …

(Reuters) – The Russian rouble was trading higher on Monday, holding close to last week’s level of 60 against the U.S. dollar as domestic exporters prepared to buy roubles ahead …