Business News

SOFIA (Reuters) – European Commission Vice President Valdis Dombrovskis will head to Washington next month for more talks about the U.S. Inflation Reduction Act (IRA), he said on Thursday, adding …

(Reuters) -Luxury eyewear maker EssilorLuxottica on Thursday reported a rise in fourth-quarter revenues, citing sound growth amid a challenging environment, but its performance in China declined because of COVID-19 restrictions. …

(Reuters) – China’s Geely Auto said on Thursday it aimed to launch seven electrified models under a new premium brand in the next two years. Of the seven models planned …

By Ezgi Erkoyun and Daren Butler ISTANBUL (Reuters) – Turkey’s central bank cut its main interest rate to 8.5% from 9% on Thursday, moving to cushion the economic impact of …

By Jonathan Stempel NEW YORK (Reuters) -CoinEx was sued on Wednesday by New York Attorney General Letitia James, who accused the cryptocurrency exchange of transacting business illegally because it did …

By David Lawder and Andrea Shalal BENGALURU/WASHINGTON (Reuters) -The United States intends to “quickly” nominate a candidate for the World Bank presidency who is committed to the lender’s poverty reduction …

By Andrea Shalal, David Lawder and Valerie Volcovici WASHINGTON (Reuters) – The World Bank on Wednesday said it expects to select a new president by early May to replace David …

By Jorgelina do Rosario and Karin Strohecker LONDON (Reuters) – An informal group of international bondholders has proposed to Ethiopia’s government to extend the maturity of the country’s $1 billion …

(Reuters) – Loblaw Cos Ltd on Thursday forecast annual earnings above analysts’ expectations, after the Canadian retailer’s fourth-quarter results beat estimates, helped by strength in its pharmacy business and as …

By Laurie Chen BEIJING (Reuters) – China’s top graft-busting body on Thursday vowed to “resolutely” crack down on corruption in the financial sector, days after a well-known Chinese dealmaker became …

BERLIN (Reuters) – Microsoft wants to cut up to 120 jobs in Germany, business news outlet WirtschaftsWoche reported on Thursday, citing sources, as part of the tech company’s global job …

By Sinchita Mitra (Reuters) -Power generation Drax Group plans to invest up to 30 million pounds ($36 million) in the United States to take advantage of the country’s law to …

FRANKFURT (Reuters) -The European Central Bank made a loss last year as its own interest rate increases forced it to write down the value of some bonds and fork out …

LONDON (Reuters) -British retail sales held steady in February after falling in January but stores expected sales volumes to slip again in March as the rising cost of living eats …

SHANGHAI (Reuters) – China’s Ant Group on Thursday made net profit of 3.05 billion yuan ($442.13 million) in the three months to Sept. 30, down 82.7% from a year earlier, …

By Hari Kishan BENGALURU (Reuters) – Volatility in global stock markets is not yet over, as more investors reckon interest rates will likely stay higher for longer, according to a …

(This Feb. 22 story has been corrected to change period to third quarter from second quarter in paragraph 8) By Akash Sriram and Abhirup Roy (Reuters) – Lucid Group Inc …

By Victoria Waldersee and Joseph White BERLIN (Reuters) -Mercedes-Benz said on Wednesday it has teamed up with Google on navigation and will offer “super computer-like performance” in every car with …

By James Imam BERLIN (Reuters) -Deutsche Telekom reported better-than-expected-fourth-quarter earnings on Thursday, citing customer growth in Germany and strong performance from T-Mobile US, and forecast a slight rise in profits …

A look at the day ahead in U.S. and global markets from Mike Dolan For markets increasingly wary of the inflation and interest rate implications of re-accelerating world growth, the …

By David Lawder BENGALURU (Reuters) -U.S. Treasury Secretary Janet Yellen said on Thursday the United States would resume discussions with China on economic issues “at an appropriate time” but is …

FRANKFURT (Reuters) – Euro zone inflation was only a touch higher in January than earlier estimated, Eurostat said on Thursday, confirming that price growth is now well past its peak, …

GABORONE (Reuters) -Botswana’s central bank kept its monetary policy rate unchanged at 2.65% on Thursday, saying it expected inflation to fall this year and next. Botswana’s consumer inflation dropped to …

By Jonathan Stempel NEW YORK (Reuters) – JPMorgan Chase & Co on Wednesday said it should not be held liable for a former top executive’s relationship with Jeffrey Epstein in …

BEIJING (Reuters) – China’s consumer market recovery was “strong” in January, the commerce ministry said on Thursday, in one of its first optimistic assessments of consumption, which until this year …