Reuters UK Business

(Reuters) – Ukraine and Russia are in the early stages of negotiations about potentially halting airstrikes on each other’s energy facilities, the Financial Times reported, citing unnamed people familiar with the matter. The FT, citing sources late on Tuesday who it said included senior Ukrainian officials, reported that Ukraine was seeking to resume talks that …

Ukraine, Russia in talks on halting strikes on energy facilities, FT reports Read More »

By Gavin Jones ROME (Reuters) -Italian gross domestic product stagnated in the third quarter compared with the previous three months, preliminary data showed on Wednesday, missing forecasts and casting a shadow over growth prospects in the euro zone’s third largest economy. On a year-on-year basis, third quarter GDP was up 0.4%, national statistics bureau ISTAT …

Italy economy stagnates in Q3, in blow to Meloni government Read More »

By James Davey LONDON (Reuters) -Next said on Wednesday it expected to report annual profit in excess of 1 billion pounds ($1.3 billion) for the first time in its history in its current financial year, underscoring the success of the British clothing retailer. The group, led by CEO Simon Wolfson, raised its outlook for the …

UK retailer Next expects to join 1 billion pound profit club Read More »

By Harry Robertson LONDON (Reuters) – Gauges of expected volatility in currencies jumped on Wednesday as investors braced for the U.S. presidential election, which could result in big changes to economic policy and swings in the dollar. Single-week implied volatility in the euro-dollar currency pair surged to its highest level since March 2023, when the …

Currency volatility surges before U.S. election Read More »

BEIJING (Reuters) – China’s Geely Automobile Holdings took the wraps off its latest hybrid technology on Wednesday, boasting some better fuel economy and driving range figures than rival technology from local plug-in hybrid champion BYD. The Leishen EM-i technology can consume just 2.62 litres of fuel per 100 kilometres (62.1 miles) and offer a combined …

Chinese automaker Geely steps up challenge to BYD with new hybrid tech Read More »

By Leo Marchandon (Reuters) -French IT consulting group Capgemini cut its 2024 revenue forecast for the second time this year on Wednesday, after continued weakness in some of its markets, especially manufacturing, hit third-quarter sales. The company, which offers services ranging from cloud and AI to enterprise management across a wide array of industries, had …

Capgemini cuts revenue forecast again as soft markets hit Q3 sales Read More »