Telefonica first-quarter profit falls as cost pressures bite
MADRID (Reuters) -Spanish telecoms firm Telefonica disappointed the market on Thursday with a 58% drop in first-quarter net profit from…
Business
US debt standoff overshadows G7 finance leaders’ meeting
By Leika Kihara and Andrea Shalal NIIGATA, Japan (Reuters) -A standoff in Washington over raising the U.S. debt ceiling overshadowed…
SoftBank books narrower loss after Alibaba stake sell-down
By Sam Nussey and Kiyoshi Takenaka TOKYO (Reuters) -Japan’s SoftBank Group Corp on Thursday posted a sharply narrower annual loss…
BoE’s Bailey: We have to stay the course to get inflation down
LONDON (Reuters) – The Bank of England must stay the course to ensure the level of inflation falls back to…
WeightWatchers slides as top holder Artal Group exits
(Reuters) – Shares of WW International Inc, also known as WeightWatchers, slumped more than 12% before the bell on Thursday…
Yellen warns US default would threaten global economy, undermine its leadership
By Andrea Shalal NIIGATA, Japan (Reuters) -U.S. Treasury Secretary Janet Yellen on Thursday urged Congress to raise the $31.4 trillion…
Bayer sees 2023 results at lower end of range as weedkiller prices drop
By Ludwig Burger FRANKFURT (Reuters) -Drug and pesticide maker Bayer said its 2023 results would likely come in at the…
Marketmind: Disinflation cheer, debt cap fear
A look at the day ahead in U.S. and global markets from Mike Dolan Investor relief that ongoing U.S. disinflation…
EU lawmakers’ committees agree tougher draft AI rules
By Foo Yun Chee, Martin Coulter and Supantha Mukherjee (Reuters) -European lawmakers came a step closer to passing new rules…
Norway government ups spending by $5.3 billion due to inflation, Ukraine aid
OSLO (Reuters) -Norway’s centre-left government said on Thursday it plans to spend an extra 56 billion Norwegian crowns ($5.3 billion)…