top-stories
Top Stories
Australian stock exchange says software overhaul won’t involve blockchain
Top Stories
BT to cut up to 55,000 jobs by 2030 as fibre and AI arrive
Top Stories
Mr Kipling maker Premier Foods to stop price hikes this year
Top Stories
Ripple buys crypto custody firm Metaco for $250 million
Burberry shares drop as weak US demand overshadows China rebound
Date: May 18, 2023
LONDON (Reuters) -British luxury fashion brand Burberry on Thursday reported stronger-than-expected fourth quarter sales driven by a rebound in China but continued weakness in the United States sent its shares down sharply. Comparable store sales at the FTSE 100 group rose 16%, accelerating from 1% in the third quarter and above a company compiled consensus...
Aston Martin stock soars after $295 million on Geely investment
Date: May 18, 2023
Aston Martin stock soars after $295 million on Geely investment (Reuters) -Aston Martin’s stock popped nearly 22% on Thursday, after the luxury carmaker announced a 234 million pound investment by China’s Geely, that will see the automotive firm become its third-largest shareholder. Geely will acquire about 42 million ordinary shares from Chairman Lawrence Stroll’s Yew...
Japanese businesses pledge UK investment ahead of Sunak meeting
Date: May 18, 2023
LONDON (Reuters) – Japanese businesses have committed to invest almost 18 billion pounds ($23 billion) in Britain ahead of a meeting with Prime Minister Rishi Sunak on Thursday, including funding for offshore wind power and other clean energy projects. Sunak is in Japan for a Group of Seven leaders’ summit and will meet business leaders...
Australia’s push for faster EV uptake will be slow to charge
Date: May 18, 2023
Australia’s push for faster EV uptake will be slow to charge (This May 17 story has been corrected to say the rollout of chargers started small due to grid issues, not scaled back due to grid issues, and changes month to October, not November, in paragraph 18) By Lewis Jackson SYDNEY (Reuters) – Australians are...
Credit Suisse bond wipe-out will not trigger credit insurance payout
Date: May 18, 2023
LONDON (Reuters) -Holders of credit insurance linked to Credit Suisse bonds will not get a payout after a committee that adjudicates on disputes in the derivatives market said on Wednesday the bank’s state-engineered merger with UBS was not a credit event. The Swiss bank in March was taken over by UBS in a state-assisted rescue...
Southern Europe braces for climate change-fuelled summer of drought
Date: May 17, 2023
Southern Europe braces for climate change-fuelled summer of drought By Kate Abnett BRUSSELS (Reuters) -Southern Europe is bracing for a summer of ferocious drought, with some regions already suffering water shortages and farmers expecting their worst yields in decades. As climate change makes the region hotter and drier, years of consecutive drought have depleted groundwater...