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TomTom to cut 300 jobs amid AI shift
https://www.reuters.com/technology/tomtom-cut-300-jobs-amid-ai-shift-2025-06-30/
Published: June 30, 2025 06:39
Dutch location technology company TomTom said on Monday it would cut 300 jobs as it realigns its organization and embraces artificial intelligence as part of its product-led strategy.
WH Smith revises high street business sale terms amid weaker trading
https://www.reuters.com/world/uk/wh-smith-revises-high-street-business-sale-terms-amid-weaker-trading-2025-06-30/
Published: June 30, 2025 06:26
WH Smith will receive lower proceeds from the sale of its British high street business to Modella Capital, the travel retailer said on Monday, blaming a reduction in cash flow due to a cautious outlook under new ownership and softer trading.
German import prices down 1.1% y/y in May
https://www.reuters.com/markets/europe/german-import-prices-down-11-yy-may-2025-06-30/
Published: June 30, 2025 06:12
German import prices decreased by 1.1% year on year in May, the statistics office said on Monday.
German retail sales fall unexpectedly in May
https://www.reuters.com/business/retail-consumer/german-retail-sales-fall-unexpectedly-may-2025-06-30/
Published: June 30, 2025 06:07
German retail sales fell by 1.6% in May compared with the previous month, data showed on Monday.
UK economy grew at fastest pace in a year in Q1, statistics office says
https://www.reuters.com/world/uk/uk-economy-grew-by-07-first-quarter-statistics-office-says-2025-06-30/
Published: June 30, 2025 06:03
Britain's economy expanded at its fastest pace in a year in the first three months of 2025 as homebuyers rushed to beat a deadline on property purchases and manufacturers sped up output ahead of U.S. President Donald Trump's higher import tariffs.
Italy's Banca CF+ launches takeover bid for Banca Sistema
https://www.reuters.com/business/finance/italys-banca-cf-launches-takeover-bid-banca-sistema-2025-06-30/
Published: June 30, 2025 06:01
Banca CF+, an Italian bank controlled by U.S. investment fund Elliott Management Corp, said on Monday it was launching a takeover bid for Banca Sistema .
CVC, Tabreed enter partnership to buy UAE district cooling business
https://www.reuters.com/business/energy/cvc-tabreed-enter-partnership-buy-uae-district-cooling-business-2025-06-30/
Published: June 30, 2025 05:38
United Arab Emirates' Tabreed and private equity firm CVC's infrastructure strategy arm, CVC DIF, plan to acquire Abu Dhabi-based Multiply Group's district cooling business, according to a statement on Monday.
UBS starts buyback programme for up to $2 billion in shares
https://www.reuters.com/markets/europe/ubs-starts-buyback-programme-up-2-billion-shares-2025-06-30/
Published: June 30, 2025 05:35
UBS is starting a share buyback programme for up to $2 billion in shares, in line with a plan approved at its annual general meeting in April, the Swiss bank said on Monday.
IPO candidate Swiss Marketplace Group sees 13-15% revenue growth in 2025
https://www.reuters.com/markets/europe/ipo-candidate-swiss-marketplace-group-sees-13-15-revenue-growth-2025-2025-06-30/
Published: June 30, 2025 05:19
Swiss Marketplace Group, which is considering an initial public offering, said on Monday it expects to post revenue growth of about 13-15% in 2025 after logging revenues of around 291 million Swiss francs ($364.39 million) last year.
India's Karnataka Bank drops after top boss, board member resign
https://www.reuters.com/sustainability/boards-policy-regulation/indias-karnataka-bank-drops-after-top-boss-board-member-resign-2025-06-30/
Published: June 30, 2025 05:17
Shares of Karnataka Bank fell as much as 8.5% on Monday, and were headed for their worst session in nearly five months, a day after the Indian lender's top boss and a board member stepped down.
France’s Carmat files for insolvency, shares suspended
https://www.reuters.com/business/healthcare-pharmaceuticals/frances-carmat-files-insolvency-shares-suspended-2025-06-30/
Published: June 30, 2025 05:15
French heart prosthesis company Carmat has filed for insolvency and requested to be placed in receivership after failing to secure emergency funding, it said on Monday.
Investors flock to Europe as bloc's stability contrasts with concerns over US
https://www.reuters.com/business/finance/investors-flock-europe-blocs-stability-contrasts-with-concerns-over-us-2025-06-30/
Published: June 30, 2025 05:03
Peter Roessner is feeling both sides of Donald Trump's trade war.
Deal that reduced US tariffs on UK cars and aircraft parts comes into effect
https://www.reuters.com/business/aerospace-defense/deal-that-reduced-us-tariffs-uk-cars-aircraft-parts-comes-into-effect-2025-06-30/
Published: June 30, 2025 04:47
The trade deal signed between U.S. President Donald Trump and British Prime Minister Keir Starmer lowering some tariffs on imports from Britain has come into effect, the British government said on Monday.
Morning Bid: Risk flows as trade talks unclog
https://www.reuters.com/world/china/global-markets-view-europe-2025-06-30/
Published: June 30, 2025 04:32
A look at the day ahead in European and global markets from Wayne Cole.
Indonesia offers US opportunity of critical minerals joint investment as part of tariff talks
https://www.reuters.com/world/asia-pacific/indonesia-offers-us-opportunity-critical-minerals-joint-investment-part-tariff-2025-06-30/
Published: June 30, 2025 04:02
Indonesia has offered the United States the chance to jointly invest in a critical minerals project as part of its tariff negotiations with Washington, its senior economic minister said on Monday
India's Adani Enterprises plans public bond sale
https://www.reuters.com/world/india/indias-adani-enterprises-plans-public-bond-sale-2025-06-30/
Published: June 30, 2025 03:06
Indian billionaire Gautam Adani's flagship company aims to raise 10 billion rupees ($117 million) through the sale of retail bonds, and has filed a draft prospectus for the issue, according to statements on stock exchanges.
Larger deals power global M&A in H1, bankers signal appetite for megadeals
https://www.reuters.com/business/finance/larger-deals-power-global-ma-h1-bankers-signal-appetite-megadeals-2025-06-30/
Published: June 30, 2025 01:04
Mergers and acquisitions during the first half of this year were not what investment bankers had hoped for, but a burst of big deals in Asia and renewed optimism in U.S. markets could be paving the way for megadeals.
Oil falls on prospect of more OPEC+ supply, easing risks in Mideast
https://www.reuters.com/business/energy/oil-falls-prospect-more-opec-supply-easing-risks-mideast-2025-06-30/
Published: June 30, 2025 00:41
Oil prices fell on Monday as an easing of geopolitical risks in the Middle East and the prospect of another OPEC+ output hike in August improved supply expectations amid persistent uncertainty over the outlook for global demand.
Shares rise in Asia as US-Canada trade talks revived
https://www.reuters.com/world/china/global-markets-wrapup-1-2025-06-30/
Published: June 30, 2025 00:33
Shares indices rose in Asia on Monday as the revival of trade talks between the United States and Canada helped risk sentiment, while the dollar dipped on concerns U.S. jobs data could show enough weakness to justify larger rate cuts.
Japan factory output rises, but slower than expected as US tariffs threat looms
https://www.reuters.com/markets/asia/japan-may-factory-output-rises-05-month-on-month-2025-06-29/
Published: June 29, 2025 23:57
Japanese factory output rose at a slower-than-expected pace in May, government data showed on Monday, as sweeping U.S. tariffs were threatening to derail the country's already fragile economic recovery.