Alibaba aims to expand local business in Europe, president says
By Silvia Aloisi PARIS (Reuters) -Alibaba Group will make Europe top priority as it focuses on building local businesses and…
Business
Goldman’s cost-cutting accelerates as lean times persist
By Saeed Azhar, Lananh Nguyen and Tatiana Bautzer NEW YORK (Reuters) – Goldman Sachs Group Inc’s managing directors were invited…
World Bank’s new chief wants ‘better bank’ before pushing for bigger bank
By David Lawder MANDEVILLE, Jamaica (Reuters) -World Bank President Ajay Banga wants to focus on improving the development lender so…
Factbox-Who are Crispin Odey and hedge fund Odey Asset Management?
(Reuters) – Odey Asset Management (OAM) is fighting for survival after a media report alleging sexual misconduct by its founder…
ECB raises inflation projections through 2025
FRANKFURT (Reuters) – The European Central Bank revised up its inflation projections for the next three years on Thursday and…
Uber to cease food delivery in Italy, exit Israel
AMSTERDAM (Reuters) – Uber said on Thursday it will shut its food delivery business in Italy and exit Israel, where…
ECB raises rates to 22-year high and signals more to come
FRANKFURT (Reuters) – The European Central Bank raised interest rates for the eighth successive time as expected on Thursday and…
Philippines says China’s Yadea to invest $1 billion in e-motorcycle plant
(Changes headline, lead and paragraphs 2, 8 and 9 to show plan is for production of electric motorcycles, not motorcycle…
Stellantis invests 100 million euros in startups, mobility fund
By Joseph White DETROIT (Reuters) – The venture capital arm of automaker Stellantis said on Thursday it will invest about…
Marketmind: ECB day to follow a hawkish Fed
A look at the day ahead in U.S. and global markets from Dhara Ranasinghe. A day after the Federal Reserve…