business

Image for US defense contributions 'unfair,' Europe needs to do more, incoming Lithuanian minister says

Finance

US defense contributions 'unfair,' Europe needs to do more, incoming Lithuanian minister says

Image for Decathlon CEO says France is unstable after no-confidence vote

Finance

Decathlon CEO says France is unstable after no-confidence vote

Image for Adidas raided for second day running in EU tax investigation, FT reports

Finance

Adidas raided for second day running in EU tax investigation, FT reports

Image for Soccer-Morocco, Spain, Portugal to host 2030 World Cup, Saudi Arabia to stage 2034 edition

Finance

Soccer-Morocco, Spain, Portugal to host 2030 World Cup, Saudi Arabia to stage 2034 edition

Image for Nasdaq hits 20,000 for first time as AI rally rages on

Nasdaq hits 20,000 for first time as AI rally rages on

Date: December 11, 2024

(Reuters) - The Nasdaq breached the 20,000-point mark on Wednesday, as a rally in technology stocks showed no signs of slowing on hopes of looser regulation under Donald Trump's presidency and bets on...

Image for Erdogan meets Somalia, Ethiopia leaders separately amid Somaliland dispute

Erdogan meets Somalia, Ethiopia leaders separately amid Somaliland dispute

Date: December 11, 2024

ANKARA (Reuters) - Turkish President Tayyip Erdogan held separate meetings with the leaders of Somalia and Ethiopia on Wednesday as part of his efforts to resolve a dispute between the two Horn of...

Image for UniCredit says ECB raises core capital threshold for 2025 to 10.3% from 10%

UniCredit says ECB raises core capital threshold for 2025 to 10.3% from 10%

Date: December 11, 2024

MILAN (Reuters) - UniCredit, Italy's second largest bank, said on Wednesday the European Central Bank had set a bank-specific core capital requirement of 10.27% for 2025, up from the 10.03% minimum...

Image for Cucinelli ups its forecasts for 2024 turnover

Cucinelli ups its forecasts for 2024 turnover

Date: December 11, 2024

MILAN (Reuters) - Italian luxury group Brunello Cucinelli on Wednesday revised up its expectations for this year's turnover, which it now sees growing by between 11% and 12%. In October the group...

Image for Polish fashion retailer LPP's Q3 profit misses forecasts

Polish fashion retailer LPP's Q3 profit misses forecasts

Date: December 11, 2024

(Reuters) - Poland's biggest fashion retailer LPP on Thursday reported third-quarter profit that missed analysts' forecasts. Net profit in the third quarter came at 579 million zlotys ($142.38 million...

Image for Low global demand creates opportunity for more US sanctions on Russian oil, Yellen says

Low global demand creates opportunity for more US sanctions on Russian oil, Yellen says

Date: December 11, 2024

WASHINGTON (Reuters) - The United States is continuing to look for creative ways to reduce Russia's oil revenue and lower global demand for oil creates an opportunity for more sanctions, Treasury...