Reuters US Business

By Steven Scheer JERUSALEM (Reuters) – Spain’s Telefonica, Europe’s third-largest telecoms company, aims to increase investments in Israel’s high-tech sector this year, including in e-health and other consumer-facing business, a senior official said. Luisa Rubio, who heads Telefonica’s innovation arm WayraX, has already made one investment in Israel – Upword, which uses artificial intelligence (AI) …

Telefonica turns to Israel’s high-tech to boost consumer portfolio Read More »

FRANKFURT (Reuters) – Holiday group TUI recorded 1.3 million bookings in the past four weeks, chief executive Fritz Joussen told staff in a letter seen by Reuters on Sunday, pointing to a sustained recovery from the pandemic. The world’s largest holiday company had in March reported 8.9 million bookings for the period stretching from winter …

TUI says rise in bookings points to sustained recovery Read More »

(Reuters) – Saudi Arabia’s economy grew by 9.6% in the first quarter of 2022, compared to a year earlier, according to flash government estimates on Sunday, as a recovery in the oil sector drove the strongest growth in more than a decade. During the first quarter, oil activity in Saudi Arabia increased by 20.4% and …

Saudi Arabia’s economy estimated to grow 9.6% in Q1, driven by oil Read More »

(Reuters) – Giant online retailer Amazon.com Inc will end its paid time-off policy for employees with COVID-19 from May 2, the company told U.S.-based staff on Saturday. The change follows the availability of COVID-19 vaccines and revised guidance from the U.S. Centers for Disease Control and Prevention, it said. The U.S.-based staff will now get …

Amazon ends COVID paid leave for U.S. workers Read More »

BEIJING (Reuters) – China is capable of adapting to policy changes from the U.S. Federal Reserve and authorities expect uncertainties abroad to have a smaller impact on the Chinese currency, the foreign exchange regulator said on Friday. Wang Chunying, spokesperson of the State Administration of Foreign Exchange (SAFE), cited a range of factors for her …

China capable of adapting to U.S. Fed policy changes – FX regulator Read More »

By Lisa Pauline Mattackal and Sanjana Shivdas (Reuters) – Investors have discounted Marine Le Pen winning the French presidency on Sunday, so an upset would cause a selloff in French government bonds and dent the euro, fund managers and economists told the Reuters Global Markets Forum. Polls on Thursday showed President Emmanuel Macron with a …

A Le Pen upset win would spark selloff in French bonds, euro -fund managers Read More »

CAIRO (Reuters) – Honeywell International seeks to invest about $200 million in petrochemicals and the production of green fuels for aircraft in Egypt, the Ministry of Petroleum has quoted Honeywell’s country president for Egypt as saying. Khaled Hashem added during his discussions with Egypt’s minister of petroleum that Egypt has the potential to become a …

Honeywell seeks to invest about $200 million in Egypt -ministry Read More »

By Gilles Guillaume and Nick Carey PARIS (Reuters) -French carmaker Renault said on Friday that “all options are on the table” for separating its electric vehicle (EV) business, including a possible public listing in the second half of 2023. Thierry Piéton, Renault’s finance chief, said that any plans were subject to approval from its alliance …

Renault eyes possible IPO for separating its EV business Read More »

(Reuters) – Russia may face an “orchestrated” default on state debt due to Western sanctions which should not be seen as a technical default, the CEO of Russia’s second-largest lender VTB Andrey Kostin said in TV interview released on Friday. As Russia teeters on the brink of a historic default, foreign investors in the country’s …

Russia faces risk of “orchestrated” default on state debt -VTB CEO Read More »