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Euro zone inflation steady in April, reinforcing ECB rate cut case

Euro zone inflation held steady as expected in April but a crucial indicator on underlying price pressures slowed, solidifying an already strong case for the European Central

Candace Parker takes a new job with Adidas after retiring from a 16-year WNBA career

Candace Parker has a new job as president of women’s basketball at Adidas

South Korea welcomes US decision to extend use of Chinese graphite in EVs

South Korea on Wednesday welcomed a U.S. decision to extend automakers' eligibility for electric vehicle tax credits for cars containing Chinese graphite through 2026.

German industrial output falls less than expected in March

By Maria Martinez (Reuters) -German industrial production declined in March, although less than expected thanks to construction, data from the federal statistics office showed on Wednesday.

German economy likely to stagnate in 2024, IW forecasts

Germany's economy will stagnate in 2024 despite a stronger than expected start to the year, and will continue to lag behind European peers, according to German

Steward Health Care says it is selling the 30+ hospitals it operates nationwide

Steward Health Care says it plans to sell off all its hospitals after announcing this week that it filed for bankruptcy protection

Turkey's competition board to fine Meta $37.2 million in data-sharing probe

Turkey's competition board fined Meta Platforms 1.2 billion lira ($37.20 million) on Wednesday after concluding two separate investigations on data-sharing in its Facebook,

Oklahoma anti-ESG law blocked by state judge

A judge in Oklahoma blocked a state law that prohibits state pension systems from investing with companies that limit investment in the oil and gas

PIMCO adds bond exposure outside the US on inflation risks

U.S. bond giant PIMCO said on Wednesday it is increasing its bond exposure in developed markets outside the United States as inflation could complicate the

The rise and fall of Bill Hwang's Archegos Capital Management

Sung Kook “Bill” Hwang, founder of the $36 billion private investment firm Archegos Capital Management which collapsed spectacularly in 2021, arrived in court on

GM to end production of Chevy Malibu as it shifts to EVs

By David Shepardson (Reuters) -General Motors said Wednesday it will end production of its gasoline-powered Chevrolet Malibu car later this year in order to produce new electric vehicles.

Fed's Cook says households, banks, firms largely in solid financial shape

U.S. households, banks and firms are largely in solid financial shape, with the means at hand to cover debt payments and with strong enough buffers to absorb

Warner Bros Discovery plans new cost cuts, hike in Max price, Bloomberg reports

(Reuters) -Warner Bros Discovery is looking at additional opportunities for cost-cutting and raising prices for its Max streaming platform, Bloomberg News reported on Wednesday, citing people with

US sues Hyundai, Kia finance arm for repossessing service members' vehicles

The U.S. government on Wednesday sued Hyundai and Kia's American financing arm, accusing it of repossessing vehicles leased by military service members without first

Gaza war cools Israel's once red-hot business ties with UAE

The war in Gaza has cooled Israeli business activity with the United Arab Emirates, with the once-celebrated relationship now conducted

Unused EU recovery funds should go towards defence, Polish ministers say

Unused European Union funds meant for helping member states recover from the pandemic should be put towards building the defence industry, Poland's deputy prime minister and its

Dozens still missing after South African building collapse; 7 confirmed dead

Rescue teams are continuing to search for dozens of construction workers who are believed to be buried in the rubble of an unfinished five-story apartment building that collapsed in South Africa on Monday

Slowing global economy to mean smaller revenue bump in Australian budget

Global economic weakness and a slowing domestic economy were among the reasons Australia will report a smaller revenue increase in its federal budget for the year ended June 30

Future of MLB's Tampa Bay Rays to come into focus with key meetings on $1.3B stadium project

The future of the Tampa Bay Rays is about to come into clearer focus as the St. Petersburg City Council begins discussions about the team's planned $1.3 billion ballpark

Wells Fargo names former JPMorgan executive as co-head of investment bank

(Reuters) -Wells Fargo named former JPMorgan Chase executive Fernando Rivas as co-CEO of its corporate and investment banking (CIB) on Wednesday, as it looks to expand market share on Wall Street.

US wholesale inventories drop by unrevised 0.4% in March

U.S. wholesale inventories fell in March, confirming that inventory investment was a drag on economic growth in the first quarter.

Pfizer agrees to settle over 10,000 Zantac lawsuits, Bloomberg News reports

(Reuters) -Pfizer has agreed to settle more than 10,000 lawsuits about cancer risks related to the now discontinued heartburn drug Zantac, Bloomberg News reported on Wednesday, citing people familiar

Bain Capital in talks to buy education-software provider PowerSchool, source says

Buyout firm Bain Capital is in talks to take education-software provider PowerSchool private, a person familiar with the matter said on Wednesday.

Google fights $17 billion UK lawsuit over adtech practices

Google parent Alphabet has urged a London tribunal to block a mass lawsuit which accuses it of abusing its dominance in the online advertising market, in the latest case to focus on

NYCB stock cheapest among US lenders with over $3 billion in assets, S&P Global says

New York Community Bancorp was the cheapest U.S. bank stock among lenders with more than $3 billion in assets for the second straight month, an analysis by S&P Global Market Intelligence

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