Reuters UK Business

By Ananya Mariam Rajesh (Reuters) – Macy’s forecast annual sales and profit below Wall Street expectations on Thursday, reflecting a broader trend among U.S. retailers grappling with reduced consumer spending amid the added pressure of new trade restrictions. Shares of the company were down 3% in early trading. The department-store chain, which sources a significant …

Macy’s forecasts 2025 sales, profit below estimates on inflation, tariff uncertainty Read More »

FRANKFURT, March 6 (Reuters) – The European Central Bank cut interest rates for the sixth time in nine months on Thursday, sticking to its easing plan in the face of economic upheaval from an unfolding trade war and new plans to boost Europe’s military spending. Following are highlights of ECB President Christine Lagarde’s comments at …

Lagarde comments at ECB press conference Read More »

(Reuters) – Tacos with a heavy serving of AI, please.  That’s what Yum Brands’ Taco Bell chain served up to Wall Street this week, the most recent effort by a major fast-food chain to promote newfangled labor-saving technology. Executives at Yum and Taco Bell showcased their “Byte by Yum” artificial intelligence-powered tools for restaurant managers, …

Yum’s Taco Bell shows off AI tool for fast-food managers Read More »

By Pushkala Aripaka (Reuters) – GKN Aerospace owner Melrose forecast 2025 revenue below most analysts’ expectations, sending its shares sharply lower on Thursday, as global trade uncertainties and industry-wide supply chain challenges persist. Shares of the aerospace parts supplier fell as much as 12%, making it the biggest loser on Britain’s blue-chip FTSE-100 index. Production …

Aerospace group Melrose’s revenue outlook triggers share price slide Read More »

By Giulia Segreti ROME (Reuters) – Italy’s Leonardo and Turkey’s Baykar announced on Thursday they were setting up a joint venture to produce unmanned aerial vehicles (UAV), as defence companies scramble to respond to the surge in European military spending. The deal aims to address Europe’s weakness in the drone industry and will take advantage …

Italy’s Leonardo, Turkey’s Baykar to set up drone joint venture Read More »

LONDON (Reuters) -The European Central Bank cut interest rates as expected on Thursday and kept the door ajar to more, even as a looming trade war with the U.S. and plans to boost military spending drive Europe’s biggest economic policy upheaval in decades. The euro extended its gains and was last up 0.28% at $1.082, …

ECB cuts rates again, euro rallies Read More »

FRANKFURT, March 6 (Reuters) – Following is the statement from the European Central Bank following its policy meeting. The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. In particular, the decision to lower the deposit facility rate – the rate through which the Governing Council steers the …

TEXT-Statement from the ECB following policy meeting Read More »