Reuters

News Organisation

Trump again attacks Fed chair Powell

US President Donald Trump said yesterday that Federal Reserve Chair Jerome Powell is "hurting" the housing industry "very badly" and repeated his call for a big cut to US interest rates.

Business • 20 Aug

UK inflation rises to 3.8% in July, ONS says

British inflation hit its highest in 18 months in July when it increased to 3.8% from 3.6% in June, official data showed today, once again leaving the country with the biggest price growth problem amongst the world's big rich economies.

Business • 20 Aug

A woman walking wit aLabubu doll attached to her handbag

Labubu doll maker Pop Mart reports 400% profit growth

The chief executive of Pop Mart, Wang Ning, has said that his toy company was on track to meet its targeted revenue goal of 20 billion yuan (€2.4 billion) in 2025 and that "30 billion yuan this year should also be quite easy."

World • 20 Aug

Canada's annual inflation rate eased to 1.7% in July from 1.9% in June, new figures show today

Canada's annual inflation rate eases to 1.7% in July

Canada's annual inflation rate eased to 1.7% in July from 1.9% in the previous month as lower year-on-year gasoline prices kept the consumer price index low, but core measures of inflation stayed sticky, data showed today.

Business • 19 Aug

Americans fear AI permanently displacing workers - survey

Americans are deeply concerned over the prospect that advances in artificial intelligence could put swaths of the country out of work permanently, according to a new Reuters/Ipsos poll.

Business • 19 Aug

A woman with red painted nails holds a Swiss army knife above trays of knives

Swiss army knife maker Victorinox mulls production shift

Victorinox, the maker of Swiss army knives, is considering moving part of its production to the US to lessen the impact of import tariffs on its business, the company's CEO told German business magazine WirtschaftsWoche.

Business • 19 Aug

Anheuser-Busch to invest $15m in US brewery

Anheuser-Busch InBev said today that it would invest $15m in its US brewery, at a time when President Donald Trump is pushing to boost domestic production.

Business • 19 Aug

DoorDash's deal for Deliveroo to be reviewed by EU

The planned $3.9 billion takeover of Deliveroo by US meal delivery firm DoorDash will be reviewed under the European Union's simplified merger procedure, EU Commission documents showed today.

Business • 19 Aug

UK economy was a bit bigger than thought at end of 2023

Britain's economy at the end of 2023 is now estimated to have been 2.2% bigger than its peak immediately before the coronavirus pandemic, up slightly from a previous estimate of 1.9%, the Office for National Statistics said today.

Business • 19 Aug

IWG expects annual profit towards lower end of forecast

British office space provider IWG said today it expects annual adjusted core profit to be towards the lower end of its forecast, sending its shares 15% lower, despite an increased buyback target and higher first-half profit.

Business • 19 Aug

wire

Reuters

Trump again attacks Fed chair Powell

UK inflation rises to 3.8% in July, ONS says

Labubu doll maker Pop Mart reports 400% profit growth

Canada's annual inflation rate eases to 1.7% in July

Americans fear AI permanently displacing workers - survey

Swiss army knife maker Victorinox mulls production shift

Anheuser-Busch to invest $15m in US brewery

DoorDash's deal for Deliveroo to be reviewed by EU

UK economy was a bit bigger than thought at end of 2023

IWG expects annual profit towards lower end of forecast