Business News

By Anne Kauranen HELSINKI (Reuters) – Finnish elevator-maker Kone said on Thursday it would slash up to 1,000 jobs globally to cut costs and it expects demand to pick up …

By Sarah Young LONDON (Reuters) -Wizz Air is upbeat on summer demand for travel but more cautious than its competitors, forecasting a return to profit in its 2023-2024 financial year, …

WASHINGTON (Reuters) – New orders for U.S.-made capital goods fell in December, while shipments declined for a second straight month, suggesting that higher borrowing costs were now pressuring manufacturing. Orders …

By Richa Naidu LONDON (Reuters) – Diageo, the world’s largest spirits maker, signalled on Thursday that robust demand for its drinks as people made pricey cocktails at home during COVID-19 …

(Reuters) – JetBlue Airways Corp forecast full-year adjusted profit above Wall Street estimates on Thursday, aided by a strong rebound in travel demand even as economic worries mount. U.S. carriers …

(Reuters) – Burrito chain Chipotle Mexican Grill Inc said on Thursday it was looking to hire 15,000 new full and part-time restaurant workers across North America for its busiest time …

By Sakura Murakami TOKYO (Reuters) -Koji Sato, who was named on Thursday as the future CEO of Japan’s top automaker Toyota Motor Corp, is an engineer with a background in …

By Fergal Smith TORONTO (Reuters) – After the Bank of Canada posted its first ever quarterly loss, the federal government plans to introduce legislation enabling the central bank to retain …

By Jesús Aguado MADRID (Reuters) – Spain’s Sabadell bank handily beat market expectations with its fourth-quarter net profit, helped by higher banking margins, and forecast higher lending income and profitability …

By Karen Brettell (Reuters) – The U.S. Treasury Department next week is likely to announce that it will offer fewer Treasury bills in the second quarter, after hitting its statutory …

By Helen Coster and Eva Mathews (Reuters) – Comcast Corp’s fourth-quarter revenue beat Wall Street expectations on Thursday, as the media company saw continued demand at its theme parks and …

(Reuters) -E-cigarette maker Juul Labs Inc is in early talks with three tobacco giants for a potential sale, strategic investment, licensing or distribution deal, the Wall Street Journal reported on …

By Mike Stone and Nathan Gomes (Reuters) – U.S. defense contractor Northrop Grumman Corp on Thursday forecast full-year sales above Wall Street estimates, as it benefits from strong demand for …

By Kirsti Knolle and Supantha Mukherjee BERLIN/STOCKHOLM (Reuters) -SAP said on Thursday it planned to cut 3,000 jobs, or 2.5% of its global workforce, and explore the sale of its …

LONDON (Reuters) – British retail sales volumes slid over the last month at the fastest rate since April last year, underlining the weak state of the consumer economy in the …

By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – The Philippine economy ended 2022 with the fastest growth in over four decades underpinned by a robust final quarter, …

By Martin Coulter LONDON (Reuters) -European chipmaker STMicroelectronics beat fourth-quarter sales and earnings expectations on Thursday, as strong demand from automotive and industrial customers helped it cope with challenging economic …

ROME (Reuters) – Morale amongst Italian businesses rose in January but consumer confidence worsened, national statistics bureau ISTAT reported on Thursday, pointing to uncertain economic prospects at the start of …

By Michael S. Derby NEW YORK (Reuters) – The amount of money sloshing around the U.S. economy shrank last year for the first time on record, a development that some …

By Maiya Keidan TORONTO (Reuters) – Some of Canada’s top investment banks plan to maintain staffing levels to meet client expectations for the same level of coverage through the ups …

By Ali Kucukgocmen and Ece Toksabay ANKARA (Reuters) – Turkey’s central bank stuck to its forecasts for a sharp drop in inflation on Thursday, saying the increasing predictability of the …

A look at the day ahead in U.S. and global markets from Mike Dolan. There’s no shortage of economic gloom about but optimists have reasons to cling to hopes of …

By Marie Mannes (Reuters) -Swedish truck maker AB Volvo’s supply chain struggles are set to linger, it said on Thursday after reporting fourth-quarter core profit close to analyst expectations. Volvo …

By Takaya Yamaguchi TOKYO (Reuters) -Japan’s government debt will top 1,100 trillion yen ($8.47 trillion) for the first time at the fiscal year end in March 2027 as the country …