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Uber to cease food delivery in Italy, exit Israel
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UK’s FTSE 100 dips on scope of tighter monetary policy; Informa jumps
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Analysis-Spasms in UK mortgage market spell pain for homeowners, economy
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Bain Capital makes $3.2 billion offer for SoftwareOne, board says it’s too low
Hugo Boss shrugs off weaker U.S. sentiment
Date: June 15, 2023
(Reuters) -German fashion house Hugo Boss on Thursday raised its 2025 sales target, betting on strong demand across its markets as it proved immune to weaker U.S. consumer sentiment. The company now aims for annual sales of 5 billion euros ($5.4 billion) by 2025, compared to the previous target of 4 billion euros, which it...
HSBC, StanChart face pressure from Hong Kong to take on crypto clients – FT
Date: June 15, 2023
HSBC, StanChart face pressure from Hong Kong to take on crypto clients – FT (Reuters) -HSBC and Standard Chartered are among lenders facing pressure from Hong Kong’s banking regulator to take on crypto exchanges as clients, the Financial Times reported on Thursday, citing three people with knowledge of the matter. The UK-based lenders and the...
Unilever to scoop up frozen yogurt brand Yasso
Date: June 15, 2023
(Reuters) – Unilever said on Wednesday it is set to acquire frozen yogurt brand Yasso Holdings in North America, adding to its roster of premium ice-cream brands like Ben & Jerry’s, Magnum, and Talenti. The consumer goods giant said its acquisition of Boulder, Colorado-based Yasso falls in line with its strategy to upscale the ice...
Most G20 nations see banking system sound as bloc talks financial stability – official
Date: June 14, 2023
NEW DELHI (Reuters) – Most G20 member nations are of the view that banking systems and regulations in their countries are steady, India’s chief economic advisor said on Wednesday. “Most country members who spoke expressed the view or the hope that their individual country regulations and banking systems were sound, and they don’t anticipate any...
Oil rises as market awaits Fed interest rate decision
Date: June 14, 2023
Oil rises as market awaits Fed interest rate decision By Ahmad Ghaddar LONDON(Reuters) – Oil prices rose on Wednesday as investors awaited the outcome of the U.S. Federal Reserve’s June meeting after bullish oil demand growth forecasts from the International Energy Agency (IEA) and OPEC. Brent crude futures were up 76 cents, or 1%, at...
Exclusive-Amazon’s cloud unit is considering AMD’s new AI chips
Date: June 14, 2023
Exclusive-Amazon’s cloud unit is considering AMD’s new AI chips By Stephen Nellis SAN FRANCISCO (Reuters) -Amazon Web Services, the world’s largest cloud computing provider, is considering using new artificial intelligence chips from Advanced Micro Devices Inc, though it has not made a final decision, an AWS executive told Reuters. The remarks came during an AMD...