By Supantha Mukherjee STOCKHOLM (Reuters) -Sweden’s Ericsson said on Wednesday it has partnered with Deutsche Telekom to offer software tools for developers and business customers that will allow telecom operators to get more revenue. Known as network application programming interface (API), the software will use the Vonage platform – a company Ericsson bought for $6.2 …
Ericsson bets on new software to spur 5G revenue growth Read More »
(Reuters) -Supermarket groups in France could demand price cuts of 2% to 5% from food manufacturers in upcoming annual negotiations, the head of retailer Les Mousquetaires told lawmakers on Wednesday in a roundtable with executives. French retailers have criticised consumer goods giants like Unilever and Nestle for price hikes they say are unjustified. The government …
French supermarkets may seek price cuts of 2% to 5% from consumer goods firms -executive Read More »
By William Schomberg and Andy Bruce LONDON (Reuters) -Britain’s high inflation rate unexpectedly fell, prompting investors to raise bets on the Bank of England pausing its long run of interest rates hikes as soon as Thursday. Official data showed the consumer price index dropped to 6.7% in August, its lowest since February 2022, from July’s …
Surprise UK inflation fall raises prospect of BoE rate hike pause Read More »
MOSCOW (Reuters) – Russia’s largest children’s toy retailer Detsky Mir said on Wednesday it had completed its transformation into a private business, ending a months-long buyback programme that has funnelled some returns to Western investors. Detsky Mir, whose free float had exceeded 50% and counted a host of Western funds and banks among its shareholders, …
Russia’s Detsky Mir completes transformation into a private business Read More »
By Olesya Astakhova TYUMEN, Russia (Reuters) – The OPEC+ group of leading oil producers will act if the global oil market faces a shortage, Alexander Dyukov, head of Russian oil firm Gazprom Neft, said on Wednesday. OPEC and its allies, known as OPEC+, began limiting supplies in 2022 to support prices. This month, benchmark Brent …
Russia’s Gazprom Neft CEO: OPEC+ to act if global market faces oil crunch Read More »
LONDON (Reuters) – The transition to electric cars in Britain will be hindered by any confusion over climate policy, the auto industry’s trade body said on Wednesday, following reports that the government was planning to delay a 2030 ban on new petrol car sales. “The automotive industry has and continues to invest billions in new …
UK car industry says ‘confusion’ on climate policy will hinder transition to EVs Read More »
LONDON (Reuters) – Investors scrambled to reel in bets that the Bank of England will raise interest rates again on Thursday after weaker-than-expected inflation data suddenly made that prospect much less certain. Gilt yields dropped and there was a sharp repricing of the futures curve after annual consumer price inflation slowed to 6.7% in August …
Investors reel in Bank of England rate hike bets after inflation shock Read More »
By Elizabeth Piper and William James LONDON (Reuters) – British Prime Minister Rishi Sunak will give a speech this week in which he is expected to delay some of the government’s policies to reach net zero emissions by 2050, saying the response to the climate change should be more “proportionate”. In a highly unusual late …
UK PM Sunak to announce more ‘proportionate’ climate response Read More »
LONDON (Reuters) – Anheuser-Busch InBev has elevated its low calorie lager Michelob Ultra to the status of “global brand”, according to an investor presentation held on Tuesday, positioning it to better compete with Dutch rival Heineken. The world’s largest brewer previously bestowed that title on just three of its biggest-hitting labels, Budweiser, Corona and Stella …
Brewer AB InBev signals new focus on Michelob Ultra amid light beer rivalry Read More »
By Kate Abnett BRUSSELS (Reuters) -France will seek support from other European Union countries for a minimum price on flights in Europe in a bid to reduce the aviation sector’s contribution to climate change, Transport Minister Clement Beaune has said. The move, if approved, would hit airlines offering super-cheap fares. But it may struggle to …
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