Sterling rises as receding bank sector worries lift sentiment
LONDON (Reuters) – Sterling rose against the dollar on Friday, after a series of lifelines for struggling banks helped restore s..
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UK’s Ofcom delays BT fibre pricing decision after CEO remarks
By Paul Sandle LONDON (Reuters) -Britain’s telecoms regulator needs more time to consider BT’s wholesale pricing, it said ..
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What is Generative AI, the technology behind OpenAI’s ChatGPT?
(Reuters) – Generative artificial intelligence has become a buzzword this year, capturing the public’s fancy and sparking ..
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Farming and tourism under threat as winter drought dries up France’s Lake Montbel
By Manuel Ausloos PARIS (Reuters) – Set at foot of the Pyrenees mountains, Lake Montbel is famous in south-west France for its t..
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Volkswagen to invest in mines in bid to become global battery supplier
By Victoria Waldersee BERLIN (Reuters) -Volkswagen plans to invest in mines to bring down the cost of battery cells, meet half of its ..
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Euro zone inflation eases in Feb but core prices pick up
FRANKFURT (Reuters) – Euro zone inflation eased a touch in February but underlying price growth continued to accelerate on a sur..
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Greece to increase minimum wage again, before election
ATHENS (Reuters) – The Greek government will raise the minimum wage next month, the third rise in more than a year, Prime Minist..
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ECB’s Villeroy: rate hike signals strong confidence in European banks
PARIS (Reuters) – The European Central Bank’s decision to raise interest rates by half a point on Thursday reflects the ce..
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Cricket-Former Australia captain Paine retires from first-class cricket
MELBOURNE (Reuters) – Former Australia test captain Tim Paine ended his cricket career on Friday after Tasmania’s Sheffiel..
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Oil rises on demand hopes as banking crisis fears subside
By Florence Tan and Trixie Sher Li Yap SINGAPORE (Reuters) – Oil prices firmed on Friday after a meeting between Saudi Arabia an..
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UK drops plan to tax sovereign wealth funds
LONDON (Reuters) – British finance minister Jeremy Hunt has dropped a plan to tax sovereign wealth funds investing in Britain, a..
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Citadel accelerates hiring push in Hong Kong and London
By Summer Zhen HONG KONG (Reuters) – Miami-based Citadel has kicked off 2023 with multiple senior hires in London and Hong Kong ..
News
Char-Broil introduces the electric Smart-E for BBQs at the touch of a button
CHAR-BROIL ELECTRIC SMART-E WITH PRECISION TEMPERATURES, TRU-INFRARED AND IT CLEANS ITSELF TOO! • E-Power: fully electric heat..
Technology
Microsoft unveils AI office copilot in fast-moving race with Google
By Jeffrey Dastin (Reuters) -Microsoft Corp on Thursday trumpeted its latest plans to put artificial intelligence into the hands of mo..
Technology
Analysis-Investors stick to bets on early end to ECB hikes as uncertainty grows
By Yoruk Bahceli and Naomi Rovnick AMSTERDAM (Reuters) – Investors held tight to bets that banking jitters would rein in the ECB..
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Credit Suisse $54 billion lifeline offers limited respite to global banks
By John Revill, Amanda Cooper and Tom Sims (Reuters) -Credit Suisse sought to shore up its liquidity and restore investor confidence o..
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Instant View: ECB sticks with big rate hike even as bank fears roil markets
(Reuters) – The European Central Bank pushed through another big increase in interest rates on Thursday, sticking with its quest..
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Oil prices steady as news of Saudi, Russia meeting calms investors
By Shariq Khan BENGALURU -Oil prices steadied on Thursday after dropping to near 15-month lows earlier in the session, supported by re..
Finance
Big ECB hike adds fuel to the banking sector fire
By Joice Alves LONDON (Reuters) – Euro zone bank shares hit a ten-week low on Thursday after the European Central Bank (ECB) rai..
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Explainer-Credit Suisse: How did it get to crisis point?
By Anshuman Daga (Reuters) – Credit Suisse said on Thursday it would borrow up to $54 billion from the Swiss central bank to sho..
Finance
EU announces plans to lead green industrial revolution
By Philip Blenkinsop BRUSSELS (Reuters) -The European Commission presented the centrepieces of a strategy on Thursday to ensure its in..
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Britain announces 205 million pound auction for renewable power projects
Britain announces 205 million pound auction for renewable power projects
LONDON (Reuters) – Britain’s next auction round to spur renewable power projects will be worth about 205 million pounds ($247 million), the gove..
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Employers need to offer better pay flexibility to avoid a talent exodus
With fears of a talent exodus as the rising Cost-of-Living and inflation continues to drive staff to new, higher-paid roles, gl..
Business
French inflation revised upwards in February to 7.3% – final figures
PARIS (Reuters) – French annual inflation rose to a revised 7.3% in February from 7.0% in January, partly as a result of higher ..
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Publisher Bloomsbury casts upbeat forecast, says books ‘affordable pastime’
(Reuters) -Bloomsbury Publishing Plc forecast full-year profit to be well ahead of expectations on Wednesday, encouraged by the robust..
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Burberry appoints McLaren’s Kate Ferry as CFO
LONDON (Reuters) – British luxury brand Burberry said on Wednesday it had appointed Kate Ferry as its next chief financial offic..
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Crown Agents Bank owner explores sale of British payments group –sources
By Pablo Mayo Cerqueiro and Amy-Jo Crowley LONDON (Reuters) – Helios Investment Partners has been working with advisers to sell ..
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Oil prices rebound after OPEC upgrades China demand outlook
By Yuka Obayashi and Florence Tan TOKYO (Reuters) – Oil prices rebounded more than 1% on Wednesday, recovering from the previous..
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Asian shares gain as fears about rapid Fed hikes, bank crisis fade
By Ankur Banerjee SINGAPORE (Reuters) – Asian equities rose sharply on Wednesday, tracking a relief rally on Wall Street and as ..
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KPMG stands by audits of Silicon Valley Bank and Signature Bank – FT
(Reuters) – KPMG’s U.S. boss, Paul Knopp, said the accounting firm stood behind its audits of Silicon Valley Bank and Sign..
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NatWest limits customers’ crypto transfers, citing scam concerns
By Elizabeth Howcroft LONDON (Reuters) – Britain’s NatWest has imposed new limits on the daily and monthly amount customer..
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The embedded finance workflows company Monite launches payment links to drive B2B platforms growth
Monite, an API-first embedded finance workflows startup, introduces Invoice Payment Links. It is a hassle-free solution that enables i..
Finance
London fears losing luxury shoppers to Paris and Milan
By James Davey and Sarah Young LONDON (Reuters) – London’s luxury retailers fear the city is losing its pull as a shopping..
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Meta to cut 10,000 jobs in second round of layoffs
By Katie Paul and Nivedita Balu (Reuters) -Facebook-parent Meta Platforms said on Tuesday it would cut 10,000 jobs this year, making i..
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Global equities gain, as rising bond yields pressure gold
By Chris Prentice and Amanda Cooper NEW YORK/LONDON (Reuters) – Global shares stemmed a five-session rout on Tuesday as bank sha..
Finance
MFE offers to buy 1.05% stake in Mediaset Espana from Vivendi ahead of delisting
(Reuters) – MFE-Mediaforeurope said on Tuesday it agreed with Vivendi to buy a 1.05% stake in Mediaset Espana it did not own yet..
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ING toughens oil and gas policy to include trade finance, midstream
By Virginia Furness LONDON (Reuters) – Dutch lender ING on Tuesday said it had again toughened its lending policy to the oil and..
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