Business News

(Reuters) – More than 25 years ago, two students at Stanford University brainstormed in their dormitory and came up with an idea – to create an internet search engine that …

ZURICH (Reuters) – UBS shares fell on Wednesday after a report that the U.S. Department of Justice has stepped up scrutiny into alleged compliance failures that helped Russian clients evade …

(Reuters) -Former Microsoft product chief Panos Panay will lead Amazon.com’s struggling unit responsible for the firm’s Alexa and Echo products. Panay, who was with Microsoft for more than 19 years …

By Sergio Goncalves LISBON (Reuters) -Portugal’s soon to be privatised TAP airline would fit right into IAG’s profile as a developer of airlines and hubs, also strengthening its existing operations, …

By Chris Taylor NEW YORK (Reuters) – When Marc Matsil retired to Connecticut’s bucolic northwest hills two years ago, fly fishing and hiking filled his days. Today, he fills classrooms …

By Helen Reid STOCKHOLM (Reuters) – H&M reported a pick-up in quarterly profit margins on Wednesday, boosting optimism about its turnaround efforts even as the fashion retailer blamed unusually hot …

By Valentina Za and Emilio Parodi MILAN (Reuters) – Private equity firm Cinven has agreed to buy back 160 million euros ($170 million) of debt sold by its insurer Eurovita …

(Reuters) -Snap Inc is shutting its division focused on making augmented reality (AR) services for businesses within months of its launch, as the ad-dependent social media company struggles in a …

By Jan Strupczewski BRUSSELS (Reuters) – U.S. private companies would like to invest in Ukrainian energy, housing, infrastructure, agriculture, transport and mining, but Ukraine must make reforms in accountability and …

(Reuters) – Electric-vehicle maker Lucid Group said on Wednesday it had opened its first international manufacturing plant in Saudi Arabia’s Jeddah city, under a deal designed to further the Middle …

(Corrects headline, first paragraph after prosecutor spokesperson corrected statement on what premises were searched to four private properties and Volkswagen’s Wolfsburg location, not four Volkswagen locations) BERLIN (Reuters) – Prosecutors …

By Leigh Thomas PARIS (Reuters) -France’s government will raise welfare and pension payouts next year to help households fight inflation while also seeking to get its public finances under control, …

(Reuters) -Shares of Faraday Future Intelligent Electric slumped on Wednesday, after the cash-strapped electric-vehicle company announced plans to raise up to $90 million through a stock offering as it attempts …

By Huw Jones LONDON (Reuters) -The Bank of England on Wednesday said it would delay by six months to July 2025 its roll out of the final leg of international …

By Jan Strupczewski BRUSSELS (Reuters) – Euro zone governments will try to bolster their public finances next year by withdrawing expensive energy price subsidies but slower economic growth and fear …

BEIJING (Reuters) – China will step up anti-corruption efforts in state-owned companies and the financial sector to increase their economic contributions, state news agency Xinhua reported on Wednesday, citing a …

By Mathieu Rosemain and Noele Illien PARIS (Reuters) -France’s top court will rule on Nov. 15 on an appeal by UBS against its conviction in a tax evasion case which …

TRENTON, NJ – While guns and ammunition are subject to standard New Jersey sales tax, there is not an additional tax, but that could change very soon. In fact, Governor …

(Reuters) -The U.S. Treasury Department has designated JPMorgan to provide account validation services for federal government agencies, the investment bank said on Wednesday. JPMorgan will verify critical information for the …

By Francesco Guarascio and Khanh Vu HANOI (Reuters) – Some pilots have left Vietnam’s restructuring Bamboo Airways in the last two months after late salary payments, according to two people …

LISBON (Reuters) -Sustainable aviation fuel (SAF) is likely to stay more expensive than kerosene even when large-scale production kicks in and the cost won’t deter airlines from their carbon emission …

(Reuters) – Marriott International on Wednesday forecast two-year annualized global revenue per available room (RevPAR) growth of 3% to 6% by 2025, as the hotel operator expects resilient international travel …

By Uditha Jayasinghe COLOMBO (Reuters) -The International Monetary Fund did not reach a staff-level agreement with Sri Lanka in its first review under a $2.9 billion bailout package, due to …

By Mike Scarcella (Reuters) – The U.S. Federal Trade Commission’s lawsuit accusing Amazon.com of abusing its retail market power to stifle competition faces hurdles in court, testing the scope of …