Reuters UK Business

(Reuters) -Shopify Inc on Wednesday reported quarterly revenue that beat Wall Street estimates, helped by a surge in online holiday shopping. The Canadian technology company, which offers tools and services for businesses to set up their online stores, said revenue rose 26% to $1.7 billion for the fourth quarter, compared with analysts’ average estimate of …

Shopify beats quarterly revenue estimates on holiday demand surge Read More »

By Terje Solsvik OSLO (Reuters) – Norway’s government said on Wednesday it would consider taxing electricity exports and impose other changes to its energy market to preserve more power for domestic use and keep a lid on prices. An expert commission was appointed to evaluate six proposals that also included the creation of separate electricity …

Norway may tax power exports to keep domestic prices down Read More »

By Valentina Za MILAN (Reuters) -An Italian private equity fund has bought 7.2% of Anima Holding, the bank that handled the deal said on Wednesday, investing in an asset manager likely to be involved in future domestic banking consolidation. The 109 million euro ($116 million) stakebuilding strengthens the grip of Italian investors on a company …

Italian fund buys stake in asset manager Anima in play on bank M&A Read More »

WASHINGTON (Reuters) – Chrysler-parent Stellantis is recalling 340,000 diesel Ram pickup trucks to replace an electrical connector after reports of six fires, and recommends parking the vehicles outside until repairs are made. The company’s U.S. unit FCA US discovered that a part on some trucks may overheat and in rare instances may pose a fire …

Stellantis recalls 340,000 Ram trucks, recommends parking outside Read More »

(Reuters) -Thousands of Twitter users were unable to access the social media platform on Wednesday, according to outage monitoring website Downdetector.com. More than 8,000 users reported issues with the micro-blogging site in the United States, Downdetector said. Downdetector tracks outages by collating status reports from a series of sources, including user-submitted errors on its platform. …

Twitter down for thousands of users – Downdetector Read More »

By Tim Hepher and Dina Kartit (Reuters) -Airbus said on Wednesday it had appointed German executive Thomas Toepfer, 50, as its next chief financial officer from Sept. 1, when he will join from German polymer materials firm Covestro. The European planemaker said the finance chief of its defence and space division, French-born Xavier Tardy, would …

Airbus names Thomas Toepfer CFO after 6-month interim Read More »

FRANKFURT (Reuters) -Euro-zone inflation remains far too high and the European Central Bank will keep raising interest rates to dampen underlying price pressures, ECB President Christine Lagarde said on Wednesday, repeating the bank’s most recent policy guidance. The ECB has raised rates by a combined 300 basis points since July, and promised another 50-basis-point move …

ECB to keep raising rates to tame price pressures, Lagarde says Read More »

OSLO (Reuters) – The biggest obstacles to quickly building out renewable energy in Europe are the capacity of the supply chain and an uncertain investment environment, the head of Germany’s biggest utility RWE said on Wednesday. The war in Ukraine and the ensuing gas and energy crisis had been a wake-up call for Europe highlighting …

Supply chain, red tape biggest problems for European green projects, says RWE CEO Read More »