NEW YORK (Reuters) – U.S. business activity contracted for the seventh straight month in January, though the downturn moderated across…
Prada’s Lorenzo Bertelli sets out “soft transition” to new leadership
By Elisa Anzolin VENICE, Italy (Reuters) – Italian fashion group Prada is hiring former Luxottica chief Andrea Guerra to smooth…
Logitech sees business customer caution as temporary
By John Revill (Reuters) -Logitech International said on Tuesday it expects the downturn in spending by business customers which hit…
Sweden to upgrade Berzelius supercomputer with Nvidia AI systems
STOCKHOLM (Reuters) – Sweden will upgrade its Berzelius supercomputer using Nvidia’s latest artificial intelligence (AI) systems to aid in understanding…
Volvo Cars recalls around 106,900 cars worldwide
STOCKHOLM (Reuters) – Sweden-based Volvo Cars is recalling around 106,900 cars worldwide over a suspected fault related to the brakes,…
Auto lobby urges Spain to speed up vehicle electrification as sales lag
MADRID (Reuters) – Spain’s auto industry is in dire need of an overhaul to catch up with European peers and…
Union Pacific posts weak profit as storm delays shipments
(Reuters) – Union Pacific Corp reported lower-than-expected fourth-quarter profit on Tuesday, hurt by delayed shipments amid labor shortages and a…
EU financial services need shake-up to benefit retail investors, top official says
By Huw Jones LONDON (Reuters) – A potential ban on commissions paid by banks to financial advisers who sell their…
Bank of England to lift rates to 4% on Feb 2, finish at 4.25% in March: Reuters poll
By Jonathan Cable LONDON (Reuters) – The Bank of England will lift the Bank Rate by 50 basis points on…
Aerospace major Raytheon beats profit estimates on strong travel demand
By Mike Stone and Shivansh Tiwary (Reuters) -Stinger missile maker Raytheon Technologies Corp on Tuesday beat analysts’ estimates for fourth-quarter…