Business News

By Nia Williams and Steve Scherer (Reuters) -In Canada’s western oil patch, controversy is raging over federal government legislation intended to help the fossil fuel labour force transition to a …

OSLO (Reuters) – Nokia said on Monday it has signed a new cross-license patent agreement with Samsung following the expiry of a previous agreement at the end of 2022. “Under …

(Reuters) -Canada’s Ritchie Bros Auctioneers on Monday sweetened the cash component of its buyout offer for IAA Inc by 28%, valuing the U.S. auto retailer at $5.94 billion, and also …

By Saqib Iqbal Ahmed and Samuel Indyk NEW YORK (Reuters) – The dollar slipped against the euro on Monday, at one point hitting a fresh 9-month low, as the common …

By Leah Douglas (Reuters) -The Federal Trade Commission (FTC) should examine high egg prices for signs of price gouging from top egg companies, a farm group said, as Americans continue …

(Reuters) -About 19% of all cars sold in California last year were zero-emission vehicles (ZEVs), accounting for 40% of all ZEV sales including hybrid vehicles in the United States, data …

CAIRO (Reuters) – Egyptian President Abdel Fattah al-Sisi on Monday defended mega-projects undertaken since he took power, saying they were not to blame for economic turmoil that has seen the …

LIMA (Reuters) – Inflation in Peru will likely end January at a rate between 8.8% and 8.9% on an annual basis, the country’s minister of economy said on Monday, as …

By Jonathan Stempel NEW YORK (Reuters) -Consumer Reports on Monday urged four chocolate producers to commit by Valentine’s Day to reduce the amounts of lead and cadmium in their dark …

CARACAS (Reuters) – Inflation in Venezuela hit 234% in 2022, Vice President Delcy Rodriguez said on Monday, representing a slowdown from the previous year, as the South American country struggles …

By Tatiana Bautzer SAO PAULO (Reuters) – Americanas SA three largest shareholders, the billionaire founders of 3G Capital, said on Sunday they had not known of $4 billion in accounting …

(Reuters) -Abbott Laboratories’ Michigan plant, which was at the center of the U.S. baby formula shortage last year, faces a criminal investigation by the Justice Department, the Wall Street Journal …

By Victoria Waldersee and Christina Amann BERLIN (Reuters) -Ford Motor Co plans to cut up to 3,200 jobs across Europe and move some product development work to the United States, …

By Leah Douglas WASHINGTON (Reuters) – Once the stuff of science fiction, lab-grown meat could become reality in some restaurants in the United States as early as this year. Executives …

By Balazs Koranyi and Robert Muller FRANKFURT/PRAGUE (Reuters) -European Central Bank policymakers laid out diverging views on future interest rate hikes on Monday, suggesting that moves beyond next week’s half …

By Howard Schneider WASHINGTON (Reuters) – Kansas City Federal Reserve President Esther George has urged her colleagues to come to terms “earlier than later” on a plan for the U.S. …

By Chris Prentice NEW YORK (Reuters) – Bloomberg Finance LP has agreed to pay a $5 million fine to settle charges from the U.S. Securities and Exchange Commission (SEC) over …

FRANKFURT (Reuters) – The European Central Bank will keep raising interest rates quickly to slow inflation which remains far too high, ECB President Christine Lagarde said on Monday, largely repeating …

ISTANBUL (Reuters) – Turkey’s ruling AK Party is preparing a draft law to let people and companies restructure debt to public institutions, President Tayyip Erdogan said on Monday, one of …

By Svea Herbst-Bayliss (Reuters) -The 20 best performing hedge fund managers earned $22.4 billion for investors in 2022, marking their slimmest gains since 2016 as many firms, including Tiger Global …

By Nathan Gomes (Reuters) – Defense companies are expected to post higher fourth-quarter sales, according to analysts, bolstered by easing supply chain bottlenecks and increased defense outlays as the Pentagon …

By Saeed Azhar NEW YORK (Reuters) -Goldman Sachs Group Inc’s asset management arm will significantly reduce the $59 billion of alternative investments that weighed on the bank’s earnings, an executive …

BUENOS AIRES (Reuters) – Brazilian President Luiz Inacio Lula da Silva on Monday said Brazil and Argentina are studying the creation of a common currency to be used in trades …

(Reuters) -U.S. industrial software firm Emerson Electric Co said on Monday it would not nominate candidates for election to the board of testing and measurement equipment maker NI Corp and …

By Valentina Za MILAN (Reuters) -Italy’s top bank Intesa Sanpaolo has convinced investors of its ability to reward them, lifting its shares on Monday after they were hit by concerns …