Analysis-Musk’s bold 2025 prediction on Tesla sales faces skepticism, scrutiny
By Abhirup Roy Tesla CEO Elon Musk stunned investors and analysts with plans to grow vehicle sales by 30% next year, buoyed by a new, ..
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London stocks climb, energy shares keep gains in check
By Shubham Batra (Reuters) – The UK’s benchmark FTSE 100 index rose on Monday, led by travel and leisure shares as Trainli..
Finance
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Analysis-Bricks over clicks as shops come back into fashion in Europe
Analysis-Bricks over clicks as shops come back into fashion in Europe
By Alberto Chiumento and Paolo Laudani (Reuters) – The rise of online shopping has led to swathes of store closures, casting doubt over the futu..
Business
Norway’s wealth fund falls short on climate ambitions, NGO says
By Gwladys Fouche OSLO (Reuters) – The world’s largest sovereign wealth fund is falling short on its own climate expectati..
Finance
G20 welcomes recommendations to unlock funding for climate transition projects
By Marcela Ayres WASHINGTON (Reuters) -A group of funds backed by the world’s 20 largest economies aimed at financing cli..
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Accor adjusts guidance as it sees strong demand at luxury hotels
By Marta Maciag and Nathan Vifflin (Reuters) -Accor, Europe’s largest hotel group by portfolio, on Thursday raised the bo..
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Exclusive-JBS, Sigma vie for Kraft Heinz’s $3 billion hot-dog business, sources say
By Abigail Summerville NEW YORK (Reuters) – Brazilian meatpacker JBS and Mexico’s Sigma Alimentos are among those c..
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European shares end flat as economic woes overshadow upbeat earnings
By Paolo Laudani, Ankika Biswas and Johann M Cherian (Reuters) -European shares gave up early gains to close little changed on ..
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Harley-Davidson lowers full-year revenue forecast on weak demand
By Kannaki Deka and Nathan Gomes (Reuters) -Harley-Davidson cut its annual revenue forecast as sticky inflation and high borrow..
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Tesla promises paid robotaxis next year, but significant hurdles remain
By Chris Kirkham (Reuters) -Tesla CEO Elon Musk on Wednesday said the electric vehicle maker will roll out driverless ride-hail..
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FTSE 100 closes higher on earnings boost
By Pranav Kashyap (Reuters) -London’s blue-chip stock index edged higher on Thursday, buoyed by upbeat corporate earnings..
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Allianz weighs options for AllianzGI unit, sources say
By Amy-Jo Crowley, Alexander Hübner, Andres Gonzalez and Anousha Sakoui LONDON (Reuters) – Allianz is weighing options fo..
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ECB hawks push back against bets on more and bigger cuts
By Balazs Koranyi WASHINGTON (Reuters) -Three European Central Bank officials tried to cool market speculation on bigger intere..
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Europe struggling to meet offshore wind targets, industry heads and lawmakers say
By Jacob Gronholt-Pedersen and Stine Jacobsen ODENSE, Denmark (Reuters) – Europe is falling behind its own ambitious targ..
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Global commercial insurance rates show first quarterly fall in seven years, Marsh says
LONDON (Reuters) – Global commercial insurance rates fell 1% in the third quarter of 2024, the first quarterly decline re..
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Italgas posts third-quarter core profit up 10.9% ahead of 2i Rete Gas acquisition
(Reuters) -Europe’s biggest gas distributor Italgas on Thursday reported 10.9% growth in third-quarter adjusted core earn..
Business
Harry Potter publisher Bloomsbury tracks ahead of FY24-25 expectations on fantasy-fiction demand
(Reuters) -UK’s Bloomsbury Publishing on Thursday said trading in fiscal year 2024-2025 will be ahead of current expectat..
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IBM misses third-quarter revenue estimates as consulting drags; shares fall
By Arsheeya Bajwa (Reuters) -International Business Machines missed analysts’ estimates for third-quarter revenue on Wedn..
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New report: Merchants, payment providers ready to embrace CVRP but lack of bank support risks progress
22 October 2024, London — Merchants, payment service providers (PSPs) and third-party providers (TPPs) recognise the potential of Comm..
Finance
Wolfspeed shelves plans to build chip factory in Germany
(Reuters) -Wolfspeed has shelved plans to build a semiconductor factory in Ensdorf, Germany, due to slower electric vehicle ado..
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IMF says UK should shield investment while curbing debt
By David Lawder and David Milliken WASHINGTON (Reuters) -Britain should bring public debt under control in a way that preserves..
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Mike Ashley’s Frasers drops plan to buy luxury brand Mulberry
(Reuters) -British sportswear and apparel retailer Frasers Group walked away from its attempts to buy Mulberry on Wednesday, ci..
Business
French bond investors brace for Moody’s rating review
By Stefano Rebaudo (Reuters) – Rating agency Moody’s will review France’s sovereign rating on Friday in what ..
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Euro zone consumer confidence rises to -12.5 in October
(Reuters) – Euro zone consumer confidence rose by 0.4 points in October from the September number, figures released on We..
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Air Liquide confirms full-year targets after in-line quarter
By Olivier Cherfan (Reuters) -French industrial gases supplier Air Liquide reported third-quarter revenue in line with market e..
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Goldman sees oil prices holding around $76/bbl in 2025 on ample supply
(Reuters) – Goldman Sachs expects oil prices to average $76 a barrel in 2025 based on a moderate crude surplus and spare ..
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L’Oreal third quarter sales disappoint as China spends less on beauty
By Dominique Patton PARIS (Reuters) -French cosmetics giant L’Oreal reported a rise in third quarter sales on Tuesday tha..
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OpenAI hires ex-White House official as chief economist
(Reuters) – ChatGPT parent OpenAI has tapped former White House official Aaron Chatterji as its first chief economist to ..
Technology
Germany identifies its first case of new mpox variant
BERLIN (Reuters) -Germany has detected its first case of the new mpox variant, the Robert Koch Institute for public health said..
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Eni to launch chemical business restructuring in coming days, sources say
MILAN (Reuters) – Italy’s Eni is expected to announce an overhaul of its chemical business in the coming days as it..
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German steelmaker Salzgitter cuts full-year guidance
(Reuters) – German steelmaker Salzgitter cut its full-year guidance on Tuesday, reporting a drop in its earnings during t..
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Brevan Howard says significant amount of its crypto trading done from UAE
By Nell Mackenzie (Reuters) – Brevan Howard does a significant amount of its crypto trading from the United Arab Emirates..
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King Charles visits melanoma clinic in Sydney and meets cancer survivors
SYDNEY (Reuters) – King Charles visited a skin cancer clinic in Sydney on Tuesday where he met cancer survivors and resea..
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German tax revenue rose 6.9% in September
BERLIN (Reuters) – Germany’s federal and state governments’ tax revenues rose 6.9% in September compared with..
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Logitech raises full-year outlook as sales and profit expectations climb
(Reuters) -Logitech International raised its full-year outlook after a strong performance and a growth in demand in the second ..
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Analysis-Can the new CVS CEO handle the Aetna challenge?
By Amina Niasse NEW YORK (Reuters) – As CVS Health’s new CEO David Joyner steps into the top job after Karen Lynch’s..
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Climate scientists warn Nordic ministers of changing Atlantic Ocean current
COPENHAGEN (Reuters) – More than 40 climate scientists are urging Nordic ministers to prevent global warming from causing..
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