(Reuters) – German wholesale prices rose by 0.9% in January compared with the same month last year, according to data released by the federal statistics office on Friday. The office offers more detailed economic data on its website. (Reporting by Isabel Demetz in Gdansk, Editing by Friederike Heine)
ZURICH (Reuters) – Luxury company Richemont on Friday announced changes to its senior management, with the bosses of jewellery companies Cartier and Van Cleef joining its executive committee. Catherine Renier, CEO of Van Cleef & Arpels, and Louis Ferla, CEO of Cartier have been appointed, the Swiss company said. Richemont also said that its chief …
Cartier owner Richemont appoints jewellery bosses to executive board Read More »
A look at the day ahead in European and global markets from Ankur Banerjee Investors are breathing a sigh of relief for now as the roadmap for Donald Trump’s reciprocal tariffs suggested room for negotiations, while results from luxury firm Hermes will be the main event rounding out a series of strong earnings in Europe. …
Morning Bid: Tariff worries wane, Hermes earnings await Read More »
(Reuters) -HSBC is preparing to report $1.5 billion of annual cost savings from the changes implemented under its broad restructuring initiatives, the Financial Times reported on Thursday. The bank’s Hong Kong shares fell 0.4% on Friday as the broader Hang Seng Index gained 2.5%. Under CEO Georges Elhedery, who replaced Noel Quinn in September 2024, …
HSBC to unveil $1.5 billion of annual cost savings on February 19, FT reports Read More »
By Yoruk Bahceli, Emma-Victoria Farr and Samuel Indyk LONDON/FRANKFURT (Reuters) – As Germany heads to the polls next week, the message from investors is clear: it is the one big economy with room to spend more to boost growth and it won’t be punished by financial markets if it chooses to do so. For now …
Analysis-Markets need convincing that German election will bring spending boost Read More »
LONDON (Reuters) – Britain plans over the coming months to introduce a faster way to connect new power projects to the grid, the energy regulator, said on Friday as it seeks to accelerate progress towards a goal to decarbonise electricity by 2030. Under the existing system, projects are dealt with in the order they enter …
UK energy regulator plans faster grid tie-ups for new projects Read More »
LONDON (Reuters) – Britain will explore the use of AI startup Anthropic’s chatbot Claude to improve how people interact with public information and services, the government said on Friday. Anthropic, a rival to ChatGPT owner OpenAI and backed by Google and Amazon, has signed a memorandum of understanding with the UK government for the collaboration. …
UK to explore use of Anthropic’s AI chatbot Claude for public services Read More »
By Stephen Nellis and Max A. Cherney (Reuters) – Arm has begun recruiting from its own customers and competing against them for deals as it pushes toward selling its own chips, according to people familiar with the matter and a document viewed by Reuters. Arm supplies the crucial intellectual property that firms such as Apple …
Exclusive-Arm recruits from customers as it plans to sell its own chips Read More »
(Reuters) – Safety and enterprise security services provider Motorola Solutions forecast first-quarter adjusted profit above Wall Street estimates on Thursday, driven by higher demand for its safety and security services. Government agencies and businesses have been making efforts to strengthen their security and communication infrastructure, aiming to prevent disruptions to operations caused by cyberattacks, benefiting Motorola. …
Motorola forecasts quarterly adjusted profit above estimates on strong demand Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Meta Platforms will allow rival classified ads service providers to post listings of their ads on Facebook Marketplace, the company said on Thursday, three months after it was hit with a 797-million euro ($828 million) EU antitrust fine for giving its own service an unfair advantage. The European …
Meta to show rival ads providers on Marketplace after EU antitrust fine Read More »
