(Reuters) – European shares slipped on Tuesday in choppy trading, as industrial stocks extended losses for a second straight session, while cautious investors awaited a slew of central bank decisions this week. The pan-European STOXX 600 index slipped 0.1% by 0717 GMT. Investors remained cautious ahead of interest rate decisions by major central banks this …
European shares inch up as focus turns to cenbank meetings Read More »
By David Shepardson and Joseph White (Reuters) -The United Auto Workers union said it would announce on Friday more plants to strike if no serious progress was made in talks with Ford, General Motors and Chrysler-parent Stellantis, adding to pressure on the Detroit Three automakers. Ford <F.N> also faces a total strike at its smaller …
UAW to strike at more US auto plants if no progress made by Friday Read More »
By Jesús Aguado MADRID (Reuters) -Spain’s Santander is consolidating its retail, commercial and consumer activities across all markets under two new global businesses to help it improve performance and add customers, it said on Monday. The new Retail and Commercial unit and Digital Consumer Bank will join Santander’s other global operations in Corporate and Investment …
Santander creates two new global businesses for retail, consumer areas Read More »
By Andres Gonzalez and Pablo Mayo Cerqueiro LONDON (Reuters) – Hotelbeds is interviewing banks to lead the sale of more than 1 billion euros ($1.07 billion) of shares in an initial public offering (IPO) next year, people familiar with the matter told Reuters. The Spanish travel technology firm, advised by Evercore, is poised to appoint …
Hotelbeds interviews banks for more than $1.1 billion IPO –sources Read More »
By Paul Sandle LONDON (Reuters) -Britain set out principles on Monday designed to prevent artificial intelligence (AI) models from being dominated by a handful of tech companies to the detriment of consumers and businesses, by emphasising the need for accountability and transparency. Britain’s anti-trust regulator, the Competition and Markets Authority (CMA), is, like other authorities …
UK focuses on transparency and access with new AI principles Read More »
By Nia Williams and Rod Nickel CALGARY, Alberta (Reuters) – The CEOs of top Saudi Arabian and U.S. oil producers Aramco and Exxon Mobil on Monday pushed back against forecasts that oil demand will peak, and said the transition to cleaner energy to fight climate change would require continuing investment in conventional oil and gas. …
Aramco, Exxon CEOs push back against forecasts of peak oil demand Read More »
By Dominique Vidalon PARIS (Reuters) – French supermarket chain Carrefour has slapped price warnings on products from Lindt chocolates to Lipton Ice Tea to pressure top consumer goods suppliers Nestle, PepsiCo and Unilever to reduce inflation ahead of much-anticipated contract talks. Carrefour is putting stickers on products that have shrunk in size but cost more …
Carrefour sticks price warnings on food to shame suppliers Read More »
By Diane Bartz WASHINGTON (Reuters) -The U.S. Justice Department on Monday objected to removing the public from the court during some discussions of how Google prices online advertising, one of the issues at the heart of the antitrust trial under way in Washington. The government is seeking to show that Alphabet’s Google broke antitrust law …
US argues Google wants too much information kept secret in antitrust trial Read More »
By Suban Abdulla LONDON (Reuters) – Burberry’s Daniel Lee on Monday unveiled new accessories and a colourful take on British heritage in his second collection showing at London Fashion Week. The 37-year-old creative director’s spring-summer 2024 collection, a highlight of London Fashion Week, introduced interlink chain prints and a new vibrant “Knight Blue” colour. Attendees …
Burberry’s London runway show dominated by padded bags and blue-soled heels Read More »
PARIS (Reuters) – France’s economy will grow slightly less than expected in the next two years due to weakness in its main trade partners, the central bank said on Monday, but it raised its 2023 forecast after a surprisingly strong second quarter. The euro zone’s second-biggest economy is set to grow 0.9% this year, the …
French central bank raises 2023 growth outlook, trims 2024 and 2025 Read More »
