Category Archives:
European shares open flat ahead of Fed decision; Entain plunges
(Reuters) - European shares opened flat on Wednesday ahead of a broadly priced-in pause in interest rate hikes by the U.S. Federal Reserve, while Entain shares fell sharply after announcing a deal. Th...
Jun 14, 2023
Explainer – Why are other automakers chasing Tesla’s ‘Gigacasting’?
(Reuters) - Toyota Motor said this week it will adopt a technology Tesla pioneered known as "Gigacasting" as part of a strategy by the Japanese automaker to improve the performance - and lower the cos...
Jun 14, 2023
Low-tax Switzerland votes on global minimum corporate tax rate
By John Revill ZURICH (Reuters) - Swiss citizens vote this weekend on whether to raise business tax to 15% from an average of 11% to align with a global minimum tax rate, although even with the rise t...
Jun 14, 2023
Tech investor Prosus flags sharp drop in full-year profit
AMSTERDAM (Reuters) - Technology investor Prosus on Wednesday said its profit dropped significantly last year due to impairments and lower contributions from its biggest holding, Chinese software and ...
Jun 14, 2023
Self-driving truck company Einride expands into Norway
By Johannes Birkebaek COPENHAGEN (Reuters) - Swedish electric self-driving truck company Einride expects to reduce CO2 emissions in Norway by 2,100 tonnes over the coming three years as it partners up...
Jun 14, 2023
ProSiebenSat.1 planning ‘significantly bigger’ job cuts than before – CEO
By Klaus Lauer BERLIN (Reuters) - German media group ProSiebenSat.1 is preparing to cut significantly more staff than in previous restructurings as part of a strategy to reduce costs and focus more on...
Jun 14, 2023
Russia’s Sberbank launches rupee accounts for individuals
MOSCOW (Reuters) - Russia's dominant lender on Wednesday said individuals could now open accounts in Indian rupees, expanding the range of foreign currencies available as Moscow strives to reduce depe...
Jun 14, 2023
Belgium’s Aliaxis withdraws offer for Finland’s Uponor
COPENHAGEN (Reuters) - Belgian water management group Aliaxis has withdrawn its public tender offer for Finland's Uponor, the bidder said in a statement on Wednesday. Swiss industrial group Georg Fisc...
Jun 14, 2023
German wholesale prices down 2.6% y/y in May
BERLIN (Reuters) - Germany's wholesale prices fell in May compared with the same month last year, according to data released on Wednesday. Wholesale prices decreased by 2.6% on the year and 1.1% on th...
Jun 14, 2023
India’s wholesale prices fell 3.48% in May
NEW DELHI (Reuters) - India's wholesale prices fell 3.48% year-on-year in May, government data showed on Wednesday. Economists polled by Reuters had estimated the wholesale price index for May to fall...
Jun 14, 2023
Peoria, IL, USA
45 °F Overcast
