English

Indrabati Lahiri

Business

UAE set to invest billions in Italy as countries seek closer ties

Apart from energy and tech, the UAE is also expected to invest heavily in Italy’s defence and security sector. The deal will involve joint military production and the sharing of information.

Business

Alibaba Group announces multi-billion dollar AI and cloud investment

Alibaba Group has highlighted that it has been focusing more on these two sectors lately, with plans to integrate artificial intelligence across several of its divisions such as e-commerce and consumer applications.

Economy

UK retail sales sharply rebound in January beating expectations

Increasing retail sales in January and improving consumer confidence in February could point towards more optimism in the UK economy, however, concerns persist about slow economic growth and the threat of US tariffs.

Economy

Manufacturing sector in France sees lowest fall since May 2024

Although France’s manufacturing sector suffered in February, the UK’s services sector saw growth this month, with Germany’s manufacturing PMI hitting its highest reading in 24 months as well.

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Economy

German producer price rises show weaker-than-expected demand

Durable good and capital good prices were responsible for the slight rise but the figures indicate the economy continues to struggle with weaker demand and increased international competition.

Business

Rio Tinto sees steady earnings despite lower iron ore prices

Although Rio Tinto has been affected by lower iron ore demand from China, the world's second biggest miner managed to make robust progress on a number of projects in 2024.

Business

Mining giant Glencore's annual results hit hard by fall in coal prices

Glencore also revealed it was considering moving its primary listing from the UK to New York, or elsewhere, to get the "right valuation".

Economy

UK inflation sees further spike as it rises to a 10-month high

January's inflation figure is likely to slow down the Bank of England's delivery of interest rate cuts as inflation remains well above the central bank's government-set target.

Economy

UK wages receive a year-end boost as private sector remains robust

Pay growth was also supported by increases in public sector wages, including the wholesale, retail and hospitality sectors.

Business

Antofagasta records robust performance on soaring copper demand

Following strong performance in 2024, Antofagasta kept its production guidance for 2025 stable, expecting output to be between 660,000 and 700,000 tonnes this year.

Economy

French inflation sees a jump in January as service prices rise

Energy and manufacturing product prices also contributed to higher inflation in January, as France continues to deal with increased political upheaval.

Economy

UK house price growth slows in February as stamp duty deadline looms

UK house prices stabilised in February, with Scotland and London seeing gains, while Wales and the North East were more sluggish.

Markets

High or low risk? Here's where DIY investors are putting their money

Investment platform AJ Bell has released its January list of most popular ISA investments among do-it-yourself (DIY) investors - here are the findings.

Business

Hermès bucks luxury sales slowdown and extends lead over rivals

After end of year results well above analyst predictions, the Paris-based luxury goods group continued to outperform rivals and bucked the trend in a depressed market place.

Business

Arm plans to sell its own chips in an effort to ramp up revenues

The chip designer, Arm, is reportedly competing with its own clients, which include major companies such as Qualcomm, to sell its own chips as it seeks to boost profits.

Business

Unilever opts for primary listing in Amsterdam for ice cream business

Unilever has chosen Amsterdam over London for its ice cream business’ primary listing, in a new blow to the City of London's struggling initial public offering (IPO) market.

Economy

Service industry helps give late boost to UK's economic growth

The UK economy inched up slightly in the last quarter of 2024, ahead of market expectations. However, the country is still dealing with slower growth than some of its other G7 peers.

Economy

Global electric vehicle sales for January reveal US-driven spurt

Strong performance in the US as well as Europe contributed to robust worldwide electric vehicle sales in January but China saw softer growth.

Economy

EU remains key political and trade partner, says Kazakhstan president

The Kazakh president and the president of the European Council discussed key issues such as bilateral cooperation, as well as maintaining constructive dialogues.

Business

TUI Group sees robust demand for package holidays in late 2024

TUI Group had a strong performance in the last three months of 2024, boosted by increasing demand for short and medium-haul destinations.

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