International

The downturn in Germany’s manufacturing sector, which accounts for about a fifth of the country’s economy, eased in January, a survey showed on Thursday. The HCOB final Purchasing ...

A financial product that enables banks to shed risk from loan portfolios is gaining more popularity among lenders in the United States, with investors and lawyers devising new structures to ...

The euro hit a seven-week low on Thursday as the dollar rose after Federal Reserve Chair Jerome Powell pushed back against bets of a US rate cut as soon as ...

Starbucks (SBUX.O) cut its annual sales forecast on Tuesday as the Israel-Hamas war hurt its Middle East business, while warning that softer demand in January and slow recovery in ...

H&M’s (HMb.ST) CEO unexpectedly quit on Wednesday and company veteran Daniel Ervér took over with immediate effect, as the Swedish fashion retailer struggles to boost ...

Media entrepreneur Byron Allen has submitted a $30 billion offer for Paramount Global (PARA.O), including debt and equity, Allen Media Group said in an emailed statement to Reuters on Tuesday. ...

A Delaware judge tossed out Elon Musk’s record-breaking $56 billion Tesla (TSLA.O) pay package on Tuesday, calling the compensation granted by the EV maker’s board “an unfathomable sum” ...

Saudi Arabia’s real gross domestic product (GDP) shrunk 3.7 per cent in the fourth quarter, government data showed on Wednesday, marking a second consecutive quarter of contraction, as a decline ...

Universal Music Group (UMG) (UMG.AS) will cease licensing its content to TikTok and TikTok Music services, as the music label said on Tuesday that its agreement with the social ...

Eurozone governments sold a record amount of bonds directly to investors in January, seeing the highest demand ever, as hopes grow for interest rate cuts to support a weakening economy. ...

The International Air Transport Association (IATA) has reported encouraging data for November 2023, signalling a robust recovery in the air travel sector, with demand surpassing 99 per cent of 2019 levels. Total air ...

HSBC (HSBA.L) has been fined 57.4 million pounds for “serious failings” in protecting up to 112 billion pounds ($142 billion)of deposits over several years, in the first penalty of its kind ...

United Parcel Service (UPS.N) is to cut 12,000 jobs and explore strategic options for Coyote, its truckload freight brokerage business, after the company forecast full-year revenue below estimates. Shares in ...

The International Monetary Fund on Tuesday edged its forecast for global economic growth higher, upgrading the outlook for both the United States and China – the world’s two largest economies – ...

Goldman Sachs lowered its 2024 earnings growth forecast for European STOXX 600 (.STOXX) companies to 3 per cent from 7 per cent, citing headwinds from lower oil prices and inflation. Oil prices gained last ...

The British public’s expectations for inflation, especially in the short term, have fallen, according to a survey that will feed into this week’s debate at the Bank of ...

Ryanair (RYA.I) has told Boeing (BA.N) that if any US customers refuse to take delivery of 737 MAX 10 aircraft, that it would buy them “at the right price,” executives ...

Microsoft’s (MSFT.O) stock market value crossed the $3 trillion milestone for the first time last week, retaining its place as the world’s second most valuable company, just behind ...

Advances in plane technology promise one day to help many people in Europe and elsewhere get a better night’s sleep. By Tom Cassauwers In mid-December 2023, a demonstration in Ireland ...

Riyadh has spent billions to try to turn itself into a hub for electric vehicles and overcome obstacles including a lack of infrastructure, talent and raw materials, as it seeks ...

Ericsson (ERICb.ST), said it expects further decline in 5G gear demand from mobile operators this year including in key growth market India, after beating fourth-quarter operating profit expectations on ...

Legacy automakers playing catch-up with EV leaders like Tesla are leaning on their Formula E electric racing teams for innovations to build better mass-production EVs with greater range and efficiency, ...

By Ioannis Tirkides 2023 has been a year of turmoil, of wars and geopolitical upsets. It has also been a year of weaker economic growth with only a few but notable ...

Shares of SAP SE (SAPG.DE), jumped 7 per cent to an all-time high after the German software firm forecast growth in cloud revenue and said it will restructure roles for 8,000 ...