By Swathi Nair BENGALURU (Reuters) – The Bank of Canada will hike its key interest rate by a modest quarter point to 4.50% on Jan. 25 and then hit pause on an aggressive tightening campaign, acc[...]
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January 20, 2023
Apple appeals investigation by UK competition watchdog
LONDON (Reuters) – Technology giant Apple has filed an appeal against an investigation by Britain’s competition watchdog into the dominance of its mobile browsers in the cloud gaming marke[...]
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Little room for gloom at Dublin’s Davos for aircraft financiers
By Padraic Halpin and Conor Humphries DUBLIN (Reuters) – While the prospect of global recession casts a long shadow over the snowy peaks of Davos this week, the mood was mostly sunnier at anothe[...]
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IKEA sees higher demand in Europe driven by home furnishings – CEO
By Divya Chowdhury and Savio Shetty DAVOS, Switzerland (Reuters) – Ingka Group, the owner of most IKEA stores, sees demand in Europe to continue rising in the current fiscal year, driven by stro[...]
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Holcim sees U.S. inflation act helping it in N.America
By Divya Chowdhury and Nishara Karuvalli Pathikkal DAVOS, Switzerland (Reuters) – Holcim expects the U.S. Inflation Reduction Act (IRA) to provide strong momentum for its business in North Ameri[...]
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Ericsson shares slide as earnings disappoint
By Supantha Mukherjee STOCKHOLM (Reuters) -Ericsson on Friday reported lower than expected fourth-quarter core earnings as sales of 5G equipment slowed in high-margin markets such as the United States[...]
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Davos 2023: CEOs buzz about ChatGPT-style AI at World Economic Forum
By Jeffrey Dastin DAVOS, Switzerland (Reuters) -Business titans trudging through Alpine snow can’t stop talking about a chatbot from San Francisco. Generative artificial intelligence, tech that[...]
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BOJ’s Kuroda vows to keep ultra-loose policy
DAVOS, Switzerland (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Friday the central bank will continue its current “extremely accommodative” monetary policy to achieve i[...]
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Stellantis to halt Italian van plant next week due to parts shortage, unions say
MILAN (Reuters) – Stellantis will halt production at its Atessa van making plant In Italy next week due to a parts shortage, unions said on Friday. The stoppage will affect most of the plant[...]
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