Business News

By Andy Bruce and William Schomberg LONDON (Reuters) – British inflation fell by more than expected in January and there were signs of cooling price pressure in parts of the …

By Sourasis Bose (Reuters) – Fertilizer companies Nutrien Ltd, Mosaic Co and CF Industries are expected to take a sales hit in the fourth quarter as farmers cut back on …

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales increased by the most in nearly two years in January after two straight monthly declines as Americans boosted purchases of motor …

LONDON (Reuters) -Barclays on Wednesday said it was tightening lending criteria for coal power and would stop financing oil sands exploration and production, but did not announce new restrictions on …

By Hannah Lang (Reuters) – The competitive threat of financial technology companies to big banks diminished over the past year as rising interest rates constricted funding, a new report from …

By Yousef Saba DUBAI (Reuters) – Twitter Chief Executive Elon Musk said on Wednesday that towards the end of 2023 would be “good timing” to find someone else to run …

By Nell Mackenzie LONDON (Reuters) – Investments by global pension schemes fell to the smallest proportion in five years of overall hedge fund assets at the end of last year, …

DAKAR (Reuters) – The Democratic Republic of Congo’s GDP growth has been revised upwards to 8.5 percent in 2022 on the back of stronger production in the mining sector, the …

MOSCOW (Reuters) – Consumer prices in Russia rose at a slightly slower pace over the last week, data from the state statistics service Rosstat showed on Wednesday, although the central …

JACKSON, NJ – You might have seen a new clearing at a once-wooded corner on the eastern edge of Jackson Township. Last week, clearing began at the intersection of Hope …

JERUSALEM (Reuters) – Israel’s inflation rate hit a 14-year high in January, rising 5.4% over the prior 12 months, the Central Bureau of Statistics said on Wednesday. The rate was …

LIMA (Reuters) – Peru’s economy slowed down for the second month in a row, missing forecasts for the last month of 2022, figures from the national statistics institute showed on …

JACKSON TOWNSHIP, NJ – Known for its trademark burgers and bullseye outside the building, the Cassville Tavern is closing down after more than 50 years in business. Last year, the …

(Reuters) – Magna International Inc said on Wednesday it was investing more than $470 million to expand its operations across Ontario, Canada, as it looks to increase its presence across …

By Foo Yun Chee and Chavi Mehta (Reuters) -Adobe Inc will need to secure European Union antitrust approval for its $20 billion bid for cloud-based designer platform Figma even though …

(Reuters) -Bausch + Lomb Corp on Wednesday named Brent Saunders, the former chief executive officer of Allergan, as its CEO and chairman of board, marking his return to the Canadian …

By Priyamvada C (Reuters) – Demand for travel insurance in the United States is set to jump this year, as more Americans turn cautious after a spike in flight cancellations …

By Priyamvada C (Reuters) – Airbnb Inc shares jumped 12% in early trading on Wednesday, as investors cheered its bullish revenue forecast and tight control on costs in the face …

By Jarrett Renshaw and Hyunjoo Jin (Reuters) -The Biden administration on Wednesday issued long-awaited final rules on its national electric vehicle charger network that require the chargers to be built …

By Mehr Bedi and Deborah Mary Sophia (Reuters) – Kraft Heinz said on Wednesday it would hit pause on further price hikes for its quick-fix meals and condiments, as consumers …

WASHINGTON (Reuters) – U.S. business inventories rose moderately in December as businesses carefully managed stocks amid slowing demand, with the inventory-to-sales ratio hitting a two-year high. Business inventories increased 0.3% …

(Reuters) -Iranian-American billionaire Jahm Najafi, chair of MSP Sports Capital, is set to launch a $3.75 billion takeover bid for Premier League soccer club Tottenham Hotspur, a source familiar with …

KARACHI, Pakistan (Reuters) -Pakistan laid a supplementary finance bill before parliament on Wednesday, proposing to raise the goods and services tax (GST)to 18% from 17% to help raise 170 billion rupees ($639 million) …

(Reuters) – The Biden administration on Wednesday outlined long-awaited rules for electric charging stations as part of a $7.5 billion federal government program, a bid to jump-start the country’s adoption …

By Manas Mishra (Reuters) -Biogen Inc Chief Executive Officer Christopher Viehbacher said on Wednesday he is banking on high-profile launches of Alzheimer’s disease treatment Leqembi and depression drug zuranolone, as …