Business News

By Kirstin Ridley LONDON (Reuters) -More than 300,000 investors in the failed equity income fund run by one-time star stock picker Neil Woodford have been offered potential redress of up …

NAIROBI (Reuters) – A Kenyan judge ruled on Thursday that Facebook’s parent company Meta could be sued in Kenya, after 43 moderators at its Nairobi hub last month filed a …

By Kevin Yao BEIJING (Reuters) -A recovery in Chinese consumer demand needs time to pick up due to the “scarring effect” of COVID-19, but there is no basis for any …

(Reuters) -Marlboro maker Philip Morris International Inc cut its full-year profit forecast on Thursday, hit by rising tobacco leaf prices, energy and labor costs. Shares of the company fell about …

By Huw Jones LONDON (Reuters) -The European Parliament on Thursday overwhelmingly backed the European Union’s first set of rules to regulate cryptoasset markets. Parliament voted by 517 in favour and …

By Gilles Guillaume and Silvia Aloisi PARIS (Reuters) -Renault does not plan to drastically cut prices on its electric vehicles, including the recently launched Megane E-Tech, and follow U.S. rival …

By Maria Martinez and Riham Alkousaa BERLIN (Reuters) – German wind power developer SL Naturenergie has been looking for a senior project developer for two years now without success. The …

By Svea Herbst-Bayliss and Helen Coster NEW YORK (Reuters) – The co-head of the private equity firm that owns Dominion Voting Systems said the company’s $787.5 million settlement with Fox …

(Reuters) – Alaska Air Group on Thursday reported a bigger-than-expected quarterly loss as higher expenses related to labor and fuel dented the carrier’s margins. As more people plan their travel …

By Yukiko Toyoda TOKYO (Reuters) -Japan will keep calling for China to act responsibly on the world stage, Prime Minister Fumio Kishida said on Thursday, a sign of Tokyo’s deepening …

By Karen Freifeld Reuters) -Seagate Technology Holdings PLC has agreed to pay a $300 million penalty in a settlement with U.S. authorities for shipping over $1.1 billion worth of hard …

By David Kirton SHENZHEN, China (Reuters) – China’s Huawei Technologies said on Thursday it is replacing internal software management systems it once sourced from U.S. vendors with its own in-house …

(Reuters) – Ford Motor Co will launch its popular F-150 Lightning electric pickup truck in Norway, the U.S. automaker said on Thursday, as it hopes to tap into high demand …

A look at the day ahead in U.S. and global markets from Mike Dolan Throwing another curve ball into an already confusing inflation picture, crude oil prices have retreated sharply …

By Allison Lampert and Rajesh Kumar Singh (Reuters) -A technology failure that temporarily halted all departures of Southwest Airlines Co flights on Tuesday is raising fresh concerns about the resiliency …

BANGKOK (Reuters) – Chinese auto maker Changan Auto will invest $285 million in a facility in Thailand to produce 100,000 electric vehicles (EVs) annually, Thailand’s Board of Investment said on …

LONDON (Reuters) – JPMorgan expects the U.S. debt ceiling to become an issue as early as next month with the Wall Street bank ascribing a “non-trivial risk” of a technical …

LONDON (Reuters) -Britons starting new private-sector housing tenancies spent an average of 26.8% of their income on rent in March, up from 26.6% a year earlier and 25.0% in March …

BRUSSELS (Reuters) – The euro zone swung to a trade surplus in February from a deficit a year earlier, non-adjusted data showed on Thursday, mainly thanks to a jump in …

By Leigh Thomas PARIS (Reuters) -France will see its national debt burden fall faster than previously expected even though the cost of interest payments is set to soar, Finance Minister …

By Heekyong Yang SEOUL (Reuters) -The South Korean government and its top battery companies plan to jointly invest 20 trillion won ($15.1 billion) through 2030 to develop advanced battery technologies, …

(Reuters) -Richard Branson’s Virgin Orbit Holdings Inc and its subsidiaries in the United States filed a Chapter 11 bankruptcy plan with the U.S. Bankruptcy Court for the District of Delaware, …

By Ankur Banerjee SINGAPORE (Reuters) -Corporate governance in Japan has suddenly become a cause celebre, rousing the world’s third-largest stock market out of decades of lethargy and drawing in hordes …

BERLIN (Reuters) – Deutsche Bank plans to reduce its executive board to nine members from 10 and to cut some jobs in infrastructure and in its private banking business to …

BERLIN (Reuters) – Volkswagen’s U.S.-assembled ID.4 models will be eligible for a $7,500 tax credit this year, according to the German carmaker, after new U.S. Treasury requirements on battery sourcing …