International

German inflation eased in July, the federal statistics office said on Tuesday, confirming preliminary data. German consumer prices, harmonised to compare with other European Union countries, increased by 6.5 per cent ...

British retailers suffered from heavy rain in July on top of the impact of high inflation with sales growth dropping to an 11-month low, a survey showed on Tuesday. The ...

Moody’s cut credit ratings of several small to mid-sized US banks on Monday and said it may downgrade some of the nation’s biggest lenders, warning that the sector’...

Tesla (TSLA.O) finance chief Zachary Kirkhorn has stepped down, surprising analysts who considered the company veteran of 13 years as a possible successor to CEO Elon Musk. The world’s ...

British employers reduced the number of new permanent staff they hired through recruitment agencies by the most since mid 2020 last month due to concerns about the economic outlook, adding to ...

Turkey plans to impose a quota on imports of unprocessed gold in order to reduce the negative impact on the current account balance, according to a source familiar with the ...

British house prices fell in July for a fourth month and the slide looks set to extend into 2024, but the market showed some signs of resilience despite a rise in ...

Oil prices hovered near their highest levels since mid-April after top producers Saudi Arabia and Russia pledged to extend supply cuts through September, further tightening supplies. Prices have seen a ...

Around 80 per cent of Hong Kong-based investment banking staff at Credit Suisse will be made redundant starting this week, two people with knowledge of the matter said, as part of ...

The lightning-fast collapse of Silicon Valley Bank this spring laid bare an inconvenient truth: Some US banks are not prepared to borrow from the Federal Reserve if they need to, ...

MP Materials (MP.N) and other Western companies are seeking to develop supplies of processed rare earths needed for the green energy revolution in a sector dominated by China. The 17 ...

Kraft Heinz (KHC.O) missed quarterly sales estimates last week as inflation-hit customers bought fewer packaged meals and condiments, discouraged by higher product prices. Shares of the Jell-O maker were ...

Yum Brands (YUM.N) topped market estimates for quarterly results last week, as cheaper meals and promotional offers at its KFC restaurants boosted demand and overshadowed lackluster traffic at Taco ...

Wix.com (WIX.O), which helps small businesses build and operate websites, swung to a net profit in the second quarter that was more than double forecasts and raised estimates ...

“Smart” technologies in homes reduce energy use and bills, prompting stepped-up European research in the field. By Helen Massy-Beresford They may lack the environmental wow factor of switching to an ...

It’s a high bar, but companies reporting second-quarter earnings in recent weeks have talked up artificial intelligence even more than in the previous quarter. S&P 500 (.SPX) companies ...

Shares of PayPal Holdings (PYPL.O) fell more than 8 per cent in premarket trading earlier this week as weak second-quarter margins at the digital payments firm overshadowed a strong forecast. ...

Meta Platforms (META.O) this week introduced its open-source AI tool called AudioCraft that will help users to create music and audio based on text prompts. The AI tool is ...

Foxconn (2317.TW) has rapidly expanded its presence in India by investing in locations in the south of the country for its manufacturing facilities, as the Taiwanese giant seeks to move ...

Around 24,000 British Airways (ICAG.L) staff are set to receive a pay rise of 13.1 per cent over 18 months, the Unite trade union said on Friday, with the award reflecting the ...

Oil prices were on track for a sixth week of gains after Saudi Arabia and Russia, the world’s second and third-largest crude producers, pledged to cut output through September. ...

The Bank of England’s modest rate hike on Thursday soothed politicians’ angst over runaway borrowing costs while its pledge to deliver more if needed signalled to markets that it ...

Adidas (ADSGn.DE) sales should fall only slightly in 2023, a better outcome than previously expected, the sportswear giant said on Thursday, confirming strong demand for its remaining Yeezy shoes would ...

British fashion retailer Next (NXT.L) raised its guidance for annual profit by 10 million pounds ($12.7 million) to 845 million pounds on Thursday, after full price sales and the end-of-season summer sale ...