Business News

(Reuters) – U.S. conglomerate Honeywell said on Wednesday it had agreed to acquire Swedish aerospace firm Saab’s heads-up display (HUD) assets to strengthen its avionics unit. The HUDs will be …

By Oliver Hirt and Noele Illien (Reuters) – UBS is weighing cutting tens of thousands of jobs following its emergency takeover of Credit Suisse, as the Swiss bank leans towards …

By Balazs Koranyi and Francesco Canepa SINTRA, Portugal (Reuters) -Bank of Japan (BOJ) Governor Kazuo Ueda on Wednesday said the central bank would see good reason to shift monetary policy …

By Eric Onstad LONDON (Reuters) – Hyphen Trading Ltd, owned by property and metals tycoons the Reuben brothers, has demanded $8.4 million in damages from commodity trader Trafigura in a …

By Paul Sandle LONDON (Reuters) -Activision Blizzard said its studio that developed “Call of Duty” would set up shop in Barcelona, putting into action its pledge to invest in Europe …

PARIS (Reuters) -Stellantis has informed unions and local officials of its plans to end operations at its manual gearbox production site in Vienna-Aspern in Austria, a company spokesperson said on …

NEW YORK, NY – City officials have announced they will be requiring pizzerias with coal and wood fired ovens to cut their carbon emissions by up to 75%. That could …

(Reuters) -Bankrupt FTX is moving ahead with efforts to revive its flagship international cryptocurrency exchange, the Wall Street Journal reported on Wednesday citing CEO John Ray. The company “has begun …

By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit in goods narrowed in May as imports fell, but the improvement was probably insufficient to prevent trade from being a …

ZURICH (Reuters) – Switzerland expects its budget deficit to widen to 6.7 billion Swiss francs ($7.46 billion) next year due to extraordinary spending on Ukrainian refugees and the electricity sector, …

SINTRA, Portugal (Reuters) – Bank of England Governor Andrew Bailey said last week’s rise in interest rates reflected a resilient economy and unexpectedly persistent inflation, sticking closely to his message …

By Huw Jones LONDON (Reuters) -The European Union on Wednesday proposed making the payments sector more competitive, giving legal backing to a digital euro, and preserving the role of cash …

(Reuters) – Shares in Volkswagen inched higher on Wednesday, recovering slightly from a selloff the day before when the automaker played down reports it will cut EV output in Germany …

BEIJING (Reuters) -Annual profits at China’s industrial firms extended a double-digit decline in the first five months as softening demand squeezed margins, reinforcing hopes of more policy support to bolster …

By Stephen Nellis (Reuters) – Databricks on Wednesday introduced an artificial intelligence assistant intended to help business users ask complicated questions about their corporate data in everyday language. Databricks, a …

After being closed for months after an eviction, the recently reopened Howell Boston Market is out again. A letter of eviction was slapped on the door of the Route 9 …

By Jan Strupczewski BRUSSELS (Reuters) – Euro zone governments should tighten fiscal policy next year more than currently planned to help the European Central Bank fight inflation and prevent interest …

By Nick Carey LONDON (Reuters) – Lucid will pursue more deals to sell its luxury electric vehicle (EV) equipment as it looks to grow its technology supply business, its top …

By Selena Li and Yantoultra Ngui HONG KONG/SINGAPORE (Reuters) – Singapore’s state investor Temasek is selling around S$400 million ($295.92 million) worth of shares, or a 1.85% stake, in the …

By Alun John and Dhara Ranasinghe LONDON (Reuters) – Big global currencies are rarely on different paths. Yet Japan’s yen and China’s yuan are slumping against the dollar while in …

(Reuters) -Hong Kong-based conglomerate Swire Pacific Ltd said on Wednesday it would sell its Swire Coca-Cola USA unit for $3.9 billion to its controlling shareholder, John Swire & Sons Ltd. …

By Ananya Mariam Rajesh (Reuters) – Nike is expected to forecast full-year profit below Wall Street estimates, as demand for the sportswear giant’s products from wholesalers such as Foot Locker …

By Stephen Nellis (Reuters) – Oracle Corp on Wednesday said it is adding generative artificial intelligence features to its human resources software for businesses, aiming to help draft job descriptions …