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IMF to discuss Pakistan’s budget plans as funding lifeline nears
By Ariba Shahid KARACHI (Reuters) - The International Monetary Fund (IMF) is preparing to discuss Pakistan's budget plans for the coming financial year, as part of a long-awaited bailout tranche from ...
Syndicated Content May 04, 2023
Shell, Equinor profits beat forecasts as trading offsets lower energy prices
By Ron Bousso, Shadia Nasralla and Nerijus Adomaitis LONDON/OSLO (Reuters) - Energy giants Shell and Equinor reported higher-than-expected first-quarter profits on Thursday, using the heft of their tr...
Syndicated Content May 04, 2023
Kenya private sector activity falls in April – PMI
NAIROBI (Reuters) - Kenya's private sector activity fell in April as both the manufacturing and services sectors slowed, with inflation and political unrest leading to a drop in consumer demand and da...
Syndicated Content May 04, 2023
Volvo Cars axes 1,300 jobs as it steps up cost cuts
COPENHAGEN (Reuters) -Volvo Cars will lay off around 1,300 office-based employees in Sweden as it steps up its cost cutting, the Swedish auto maker said on Thursday. While the group's efficiency drive...
Syndicated Content May 04, 2023
UK’s WANdisco starts reorganisation review, could cut 30% jobs
(Reuters) - British software company WANdisco said on Thursday it will begin a reorganisation and review process that could lead to about 30% reduction of its overall jobs. (Reporting by Radhika Anilk...
Syndicated Content May 04, 2023
UK competition regulator launches review of AI models
LONDON (Reuters) -Britain's competition regulator launched an initial review of artificial intelligence models on Thursday, saying it will look into competition and consumer protection considerations ...
Syndicated Content May 04, 2023
Goldman Sachs cautious on Turkish bank stocks ahead of election
LONDON (Reuters) - Goldman Sachs said on Thursday it was "cautious" on Turkish banks heading into the May 14 election, with lenders more vulnerable than the country's other stocks to a potential post-...
Syndicated Content May 04, 2023
Russian services activity grows for third month running in April
(Reuters) - Growth in domestic client demand spurred increased activity in Russia's services sector in April as new export business contracted, a business survey showed on Thursday, with firms' confid...
Syndicated Content May 04, 2023
Shell makes $9.65 billion profit in first quarter, beating forecasts
LONDON (Reuters) - Shell made a net profit of $9.65 billion in the first three months of the year, it said on Thursday, dropping slightly from the previous quarter as energy prices cooled but still be...
Syndicated Content May 04, 2023
Analysis-Fed up with shrinking savings, Europeans drain billions from banks
By Sinead Cruise, John O'Donnell and Tom Sims LONDON/DUBLIN (Reuters) - European savers are pulling more of their money from banks, looking for a better deal as lenders resist paying up to hold on to ...
Syndicated Content May 04, 2023

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