Headlines

Nokia to cut up to 14,000 jobs after sales drop a fifth

Nokia to cut up to 14,000 jobs after sales drop a fifth

STOCKHOLM (Reuters) -Finnish telecom gear group Nokia said on Thursday it would cut up to 14,000 jobs in a new cost reduction effort a..

Nestle misses nine-month sales estimates, expects volume upturn by year-end

Nestle misses nine-month sales estimates, expects volume upturn by year-end

LONDON (Reuters) -Nestle posted lower-than-expected nine-month sales growth on Thursday as higher product prices made shoppers balk, b..

Explainer-Scotland’s “kilt” bonds – how might the debt plan work?

Explainer-Scotland’s “kilt” bonds – how might the debt plan work?

LONDON (Reuters) – Scotland’s pro-independence government plans to sell bonds in international debt markets for the first ..

Exclusive-G7 to discuss four versions of Russian diamond ban this week- sources

Exclusive-G7 to discuss four versions of Russian diamond ban this week- sources

BRUSSELS (Reuters) – G7 countries will this week discuss four plans to ban Russian diamonds from G7 markets from Jan. 1, from li..

Oil up about 2% on big US crude storage draw, Middle East tension

Oil up about 2% on big US crude storage draw, Middle East tension

NEW YORK (Reuters) -Oil prices climbed about 2% to a two-week high on Wednesday on a bigger-than-expected U.S. storage draw and as ris..

Britain aims for global leadership role with AI safety summit

Britain aims for global leadership role with AI safety summit

LONDON (Reuters) – Britain will host the world’s first global artificial intelligence (AI) safety summit next month, aimin..

ECB starts preparation for digital euro in multi-year project

ECB starts preparation for digital euro in multi-year project

The ECB said it would start a two-year “preparation phase” for the digital euro on November 1, in which it would finali..

ASML warns of flat 2024 sales as chipmakers slow orders

ASML warns of flat 2024 sales as chipmakers slow orders

AMSTERDAM (Reuters) – Semiconductor equipment maker ASML Holding NV reported lower-than-expected orders on Wednesday and warned ..

China’s Nio considers tapping dealers to boost EV sales in Europe – sources

China’s Nio considers tapping dealers to boost EV sales in Europe – sources

SHANGHAI (Reuters) -Chinese electric vehicle maker Nio is considering building a dealer network in Europe to speed up sales growth, th..

CVC looking at Nexi but no bid in the works-source

CVC looking at Nexi but no bid in the works-source

MILAN (Reuters) -A potential deal targeting Italian payments group Nexi is one of several options being studied by CVC Capital Partner..