Top Stories
Top Stories
Uniper sells UAE marine fuels refinery to consortium including Montfort
Top Stories
Amazon grants 1.5 million euros to Dutch seaweed farm project
Top Stories
Aldi UK to recruit 6,000 after strong Christmas trading
Top Stories
Holcim to acquire European roofs manufacturer FDT Flachdach Technologie
Cisco forecast raise allays tech spending fears, lifts shares
Date: February 16, 2023
By Yuvraj Malik (Reuters) -Cisco Systems Inc on Wednesday raised its full-year earnings forecast and delivered strong second-quarter results, indicating that spending on network infrastructure was staying resilient in the face of an economic slowdown. The maker of routers and other products that run computer networks and the internet said customers were keeping investments steady...
Shopify’s revenue forecast fails to impress, shares fall
Date: February 16, 2023
By Nivedita Balu (Reuters) -Shopify Inc on Wednesday forecast slowing revenue growth for the current quarter despite price hikes and new product launches, signaling that macroeconomic challenges were weighing on its merchants’ online businesses. U.S-listed shares of Shopify, which started 2022 as the most valuable Canadian company before losing three-quarters of its value, fell about...
Dollar rises to six-week peak as strong U.S. retail sales bolster higher-rates scenario
Date: February 16, 2023
By Gertrude Chavez-Dreyfuss and Laura Matthews NEW YORK (Reuters) – The dollar climbed to a six-week peak against a currency basket after the release of hotter-than-expected U.S. retail sales data on Wednesday, bolstering investors’ expectations that the Federal Reserve would keep monetary policy tight for some time to fight stubbornly high inflation. The greenback also...
Slowdown in UK inflation eases pressure on Bank of England
Date: February 15, 2023
By Andy Bruce and William Schomberg LONDON (Reuters) – British inflation fell by more than expected in January and there were signs of cooling price pressure in parts of the economy watched closely by the Bank of England, adding to signs that further hefty interest rate hikes are unlikely. Annual consumer price inflation (CPI) cooled...
Euro zone inflation could fall faster than thought, ECB’s De Cos says
Date: February 15, 2023
MADRID (Reuters) – Euro zone inflation could fall faster than earlier thought given a host of positive developments in recent months but past price hikes and a tight labour market could still exert upward pressure on underlying prices in the near term, European Central Bank policymaker Pablo Hernandez de Cos said on Wednesday. “Recent data...
Meta Oversight Board to begin reviewing cases more quickly
Date: February 15, 2023
By Sheila Dang (Reuters) -Meta Platforms’ Oversight Board announced Tuesday it will review more types of content moderation cases and expedite some decisions, as it aims to expand its work. The Oversight Board was created in late 2020 to review Facebook and Instagram’s decisions on taking down or leaving up certain content and make rulings...