Business News

LONDON (Reuters) – Zambia has sent a debt restructuring proposal to its official creditors, a spokesperson for the government’s advisors said on Monday. The country, which was the major sovereign …

By Nina Chestney and Susanna Twidale LONDON (Reuters) – After a bumper year for floating offshore wind farm tenders, the nascent industry is poised for explosive growth in the coming …

WASHINGTON (Reuters) – Lawyers for the U.S. Justice Department and Assa Abloy, the world’s biggest lockmaker, began arguments Monday in a fight over whether the Swedish company can go forward …

FRANKFURT (Reuters) – Daimler Truck on Monday said its first-quarter results came in above market expectations, boosted by what it said was strong demand and an increase in unit sales. …

By Ross Kerber (Reuters) – U.S. political battles over corporate sustainability are turning hotter this spring as aggressive Republican statehouse efforts face increasing pushback from businesses and pension funds looking …

By Tim McLaughlin (Reuters) – Hatfield’s Ferry Power Station, a Pennsylvania coal-fired power plant, stopped producing electricity in 2013. Its closure came in a wave of coal-plant shutdowns triggered by …

By Valerie Volcovici WASHINGTON (Reuters) – The U.S. government may soon require natural gas-fired power plants to install technology to capture carbon emissions, sources said, as President Joe Biden’s administration …

By Valerie Insinna WASHINGTON (Reuters) – Boeing Co is expected to reveal whether the latest 737 MAX manufacturing problem will derail the U.S. plane maker’s annual goals for passenger jet …

By Blake Brittain (Reuters) -U.S. aerospace company Textron Inc won a $279 million verdict on Friday against Chinese drone maker DJI Technology, persuading a federal jury in Waco, Texas that …

By Kirstin Ridley LONDON (Reuters) – A former Barclays banker alleges he was undermined, harassed and denied appropriate compensation and promotion because of his Cameroonian background after raising concerns about …

FRANKFURT (Reuters) – German pharmaceuticals and agriculture group Bayer on Monday confirmed its 2023 sales and earnings guidance and reiterated that business would not really pick up before the second …

MILAN (Reuters) – Goldman Sachs had raised a stake in Italian bank UniCredit it built mostly through various financial derivative contracts to 7.62% as of April 18, a regulatory filing …

By Chris Prentice and Luc Cohen NEW YORK (Reuters) – U.S. prosecutors will square off this week against a former employee of OpenSea, the world’s largest marketplace for non-fungible tokens …

By Nichola Groom (Reuters) – U.S. President Joe Biden’s plan to challenge China’s dominance in solar panel manufacturing hinges in large part on rules his administration will soon release defining …

By Joseph White DETROIT (Reuters) – Detroit automakers General Motors Co and Ford Motor Co will try to convince Wall Street when they release first-quarter earnings this week that they …

By Nivedita Balu and Tiyashi Datta (Reuters) – U.S. tech giants will emphasize how artificial intelligence can be the next growth driver when they report quarterly results this week, while …

PARIS (Reuters) – The European Central Bank has already gone “most of the way” in raising interest rates to tackle inflation, French ECB policymaker Francois Villeroy de Galhau said on …

By Mrinmay Dey and Dawn Chmielewski (Reuters) – NBCUniversal Chief Executive Jeff Shell is leaving after acknowledging an inappropriate relationship with a woman in the company, following a complaint that …

By Christoph Steitz and Tom Käckenhoff FRANKFURT (Reuters) -Thyssenkrupp said on Monday its chief executive Martina Merz, who launched a major overhaul of the German industrial conglomerate, is leaving, causing …

(Reuters) – Tesla Inc raised its capital expenditure forecast for 2023 on Monday as the automaker ramps up output at its factories to take advantage of the rising interest in …

LAKEWOOD, NJ – Traffic in the area of New Hampshire Avenue between Locust Street and Route 70 is about to get worse. That news comes as a developer is planning …

When it comes to supermarkets in New Jersey, the market is dominated by the likes of Shoprite, Stop & Shop and Acme. In recent years, Aldi, Whole Foods and Lidl …

By Dawn Chmielewski (Reuters) -Walt Disney Co will begin a second wave of layoffs on Monday involving thousands of jobs, as part of efforts to eliminate 7,000 positions and save …

By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – The Russian central bank is expected to hold rates at 7.5% on Friday, a Reuters poll showed, with the risk of …

MILAN (Reuters) – Italian fashion house Valentino reported on Monday an 18% rise in core profit for 2022 as sales rose 10% at constant currencies, boosted by its directly operated …