Growth softens across UK businesses in September
British businesses reported a slowdown in growth this month as some firms feared higher taxes, according to a survey that also showed waning price pressures, potentially encouraging the Bank of ...
UK factory export orders fall at fastest pace since Dec 2020
British manufacturers reported the fastest fall in export demand this month since December 2020, just before Britain left the European Union’s single market, the Confederation of British Industry said this ...
Greece to kick off National Bank stake sale next week, according to reports
Greece’s bank bailout fund HFSF will start the process to sell a stake of up to 12 per cent in National Bank of Greece (NBGr.AT) early next week, two ...
Saudi Aramco to raise $3 billion, investor calls begin this week
Saudi Aramco (2223.SE) is planning to raise up to $3 billion in five and 10-year US dollar-denominated sukuk, or Islamic bonds, according to two sources with direct knowledge of the matter ...
Nike’s new CEO may look to mend retailer ties in sales revival push
Nike’s new CEO is expected to double down on the company’s efforts to repair relations with retailers to energize sales, reversing a strategy under outgoing chief John Donahoe ...
Australian central bank reforms stall as Greens demand rate cuts
Long-delayed reforms to the Reserve Bank of Australia (RBA) faced a fresh setback on Monday as Greens lawmakers demanded the Labor government engineer a cut in interest rates in exchange ...
More UK employers plan reduced pay increases for 2025, according to survey
British employers plan to scale back pay increases next year, according to a survey that is likely to encourage the Bank of England as it seeks further signs that inflation ...
Google buys carbon removal credits from Brazil startup, joining Microsoft
Alphabet unit Google has agreed for the first time ever to purchase nature-based carbon removal credits from a Brazilian startup, its first engagement with carbon projects in the South American ...
UAE artificial intelligence firm and Nvidia to partner up on climate technology
United Arab Emirates-based artificial intelligence company G42 has teamed up with US chipmaker Nvidia (NVDA.O) to work on climate tech, G42 has announced, ahead of the first-ever visit to ...
The importance of cybersecurity in education
By Andreas Constantinides
As the new school year begins and considering the increased use of technology by children, it is imperative to implement strict security protocols and raise awareness about ...
Wealthy families more bullish on risk assets, according to recent survey
Wealthy families are seeking out risky assets and reducing cash holdings as they turn more bullish about the investment outlook, according to a Citigroup (C.N) survey.
About 97 per cent ...
Booking.com’s price curbs on hotels may hinder competition, EU top court says
Booking.com’s restrictions against hotels offering lower rates on their websites or on rival sites are unnecessary and could reduce competition, Europe’s top court said this week in ...
Meta closes deal to buy up to 3.9 mln carbon credits in Latin America
Facebook owner Meta (META.O) agreed to buy up to 3.9 million carbon offset credits from Brazilian investment bank BTG Pactual’s forestry arm through 2038, the companies said this week in ...
EU court confirms Qualcomm’s antitrust fine, with minor reduction
Europe’s second-top court largely confirmed this week an EU antitrust fine imposed on US chipmaker Qualcomm (QCOM.O), revising it down slightly to 238.7 million euros ($265.5 million) from an initial 242 ...
UK consumers take fright as new government warns of pain, survey shows
Prime Minister Keir Starmer’s warnings about the state of the British economy and the likely need for tax increases in next month’s budget have caused consumer confidence to ...
Intel says it has no plans to divest majority stake in Mobileye
Intel (INTC.O) has announced that it had no plans to sell its majority stake in Mobileye Global (MBLY.O), sending shares of the self-driving tech firm up more than 8 ...
EU tells Apple how to open up to rivals, to spell out how
EU antitrust regulators launched proceedings this week to ensure that Apple (AAPL.O) complies with landmark rules requiring it to open up its closed ecosystem to rivals or risk a ...
Retail veteran Stuart Rose to lead Asda
British supermarket group Asda said its chairman, veteran retailer Stuart Rose, would assume the executive responsibilities of co-owner Mohsin Issa, who is stepping back from his leadership role.
The UK’...
UK retail sales beat expectations in August
British retail sales rose by a stronger-than-expected 1 per cent in August and growth in July was revised up, official figures showed on Friday.
Economists polled by Reuters had forecast a ...
Russia weighs massive exit tax hike for departing foreign firms
Russian authorities are discussing raising the one-off contribution that foreign companies leaving the country must make to the state budget to as high as 40 per cent from 15 per cent, the ...
ECB faces calls for caution after Fed rate cut boosts easing expectations
A big interest rate cut from the US Federal Reserve on Wednesday raised bets on further policy easing at the European Central Bank in October but this is still not ...
Norway holds rate, to maintain restrictive policy
Norway’s central bank held its policy interest rate unchanged at a 16-year high of 4.50 per cent on Thursday, as widely expected, and said any cuts must wait until the ...
EV sales nosedive 44 per cent, EU car sales hit 3-year low
New car sales in the European Union fell 18.3 per cent in August to their lowest in three years, dragged down by double-digit losses in major markets Germany, France and Italy ...
BoE holds interest rates steady at 5 per cent, extends bond sell-off
The Bank of England held interest rates at 5.0 per cent on Thursday and voted to run down its stock of British government bonds by another 100 billion pounds over the coming 12 ...