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Barclays lifts profit and targets as it looks to US to boost returns
Sets new targets, focus on core markets and US businessProfit before tax for 2025, in line with analysts' forecastsBarclays plans 15 billion pound capital return by 2028By Lawrence White LONDON, Feb 10 (Reuters) - Barclays increased its profit by 12% in 2025 and on Tuesday raised its performa...Reuters
10 minutes ago
Indonesia says proposed Gaza peacekeeping force could total 20,000 troops
JAKARTA, Feb 10 (Reuters) - A proposed multinational peacekeeping force for Gaza could total about 20,000 troops, with Indonesia estimating it could contribute up to 8,000, President Prabowo Subianto’s spokesman said on Tuesday. The spokesman said, however, that no deployment terms or areas of opera...Reuters
12 minutes ago
Europe needs European defence union, EU defence commissioner says
BRUSSELS, Feb 10 (Reuters) - Europe needs a European defence union in order to take responsibility for its own defence, EU Defence Commissioner Andrius Kubilius said on Tuesday."European responsibility for defence demands an institutional framework for our cooperation. A European defence union,&...Reuters
21 minutes ago
Brazil examines US-Argentina trade deal over Mercosur conflicts, sources say
South American trade bloc restricts bilateral dealsUS-Argentine deal appears break Mercosur rules, sources sayMercosur faces strains as members try to strike their own dealsBy Lisandra Paraguassu and Lucinda Elliott BRASILIA/MONTEVIDEO, Feb 10 (Reuters) - Brazil is scrutinizing a trade agreement ...Reuters
24 minutes ago
Instant payment system Pix poised to capture half of Brazil's e-commerce market by 2028
Pix projected to reach 50% e-commerce share by 2028, Ebanx reportsCentral bank's recurring-payments feature boosts Pix's growthConsumer payments to businesses dominate Pix transactions since SeptemberBy Marcela Ayres BRASILIA, Feb 10 (Reuters) - Brazil's instant-payment system Pix is ...Reuters
24 minutes ago
WhatsApp's fight against $268 million Irish privacy fine sent back to lower tribunal
By Foo Yun Chee and Padraic HalpinBRUSSELS/DUBLIN, Feb 10 (Reuters) - Meta Platforms META.O unit WhatsApp's fight against the EU privacy watchdog was sent back to a lower tribunal on Tuesday, prolonging a five-year tussle triggered by the latter's order to the Irish data protection authority...Reuters
32 minutes ago
Honda's Kaihara In China, We're Unfortunately Somewhat Losing On Price And Ui/Ux Areas Versus Other Ev Makers And Have Been Slower On Software Front
Feb 10 (Reuters) - Honda Motor Co Ltd 7267.T:HONDA EVP KAIHARA: EXPECT 310 BILLION YEN NEGATIVE IMPACT FROM TARIFFS THIS FISCAL YEAR, DOWN FROM 450 BILLION YEN AT START OF YEARHONDA: AUTOMOBILE BUSINESS SAW 166.4 BILLION YEN OPERATING LOSS INCLUDING IMPACT FROM TARIFFS, ONE-OFF EV EXPENSES FOR APRI...Reuters
40 minutes ago
Ethiopian Airlines half-year revenue up 14% from previous year
ADDIS ABABA, Feb 10 (Reuters) - Ethiopian Airlines, Africa's biggest commercial carrier, said on Tuesday that its half-year revenue rose 14% from the previous year, helped by the introduction of new destinations, more flights and seven new aircraft.Chief Executive Mesfin Tasew told a press confe...Reuters
45 minutes ago
Saks Global collapse shows struggles of department store model, Kering CEO says
PARIS, Feb 10 (Reuters) - Luca De Meo, the CEO of Gucci-owner Kering PRTP.PA, said on Tuesday the crisis at high-end department store conglomerate Saks Global shows that the distribution model of department stores needs to be reinvented.Speaking to reporters after presenting the group's annual ...Reuters
48 minutes ago
CORRECTED-Kering CEO declines to comment on Gucci licence, wants to discuss directly with Coty
PARIS, Feb 10 (Reuters) - Kering PRTP.PA CEO Luca de Meo declined to comment on whether he would be interested in taking back the licence for Gucci beauty products, currently held by Coty COTY.N, earlier than the 2028 expiry of the contract.Responding to an analyst's question after reporting 202...Reuters
54 minutes ago
PREVIEW-SoftBank earnings set for OpenAI boost, with focus on future funding
Focus on SoftBank's finances after more than $30 billion OpenAI investment in 2025OpenAI's rising valuation seen lifting SoftBank quarterly profitAnalysts expect more asset sales and debt issuanceBy Anton Bridge TOKYO, Feb 10 (Reuters) - Japan's SoftBank Group 9984.T is expected to po...Reuters
57 minutes ago
South Korea blames Coupang data breach on management failure, not sophisticated attack
Coupang data breach affected 33.7 million customers, probe findsFormer engineer accused of exploiting authentication vulnerabilitiesPolice and data watchdog continue separate investigations into data leakBy Heekyong Yang and Hyunjoo Jin SEOUL, Feb 10 (Reuters) - South Korean officials blamed a ma...Reuters
an hour ago
Kremlin says no date yet for next round of Ukraine talks
MOSCOW, Feb 10 (Reuters) - The Kremlin said on Tuesday there was no date set yet for the next round of peace talks on Ukraine, but said the negotiations were likely to happen soon.Russia, Ukraine and the United States met last week in Abu Dhabi for a second round of trilateral talks. They yielded no...Reuters
an hour ago
Russia says it has captured another Ukrainian settlement, RIA news agency reports
MOSCOW, Feb 10 (Reuters) - Russia's defence ministry said on Tuesday its forces had captured the settlement of Zaliznychne in Ukraine's Zaporizhzhia region, Russian state news agency RIA reported.Reuters could not independently confirm the battlefield report.Reuters
an hour ago
Ryanair signs multi-billion dollar CFM deal to secure engine parts
PARIS, Feb 10 (Reuters) - Budget airline giant Ryanair RYA.I and jet engine maker CFM International have signed an agreement to support the planned opening of two Ryanair engine‑maintenance shops with a guaranteed flow of spare parts, the companies said on Tuesday.The plants will probably be based i...Reuters
an hour ago
Last-minute trips boost Europe's travel giant TUI, forward bookings dip
Focus on international markets and profitable businesses boosts resultsTUI reports Q1 operating profit of 77.1 million euros, beating expectationsAnalysts concerned about weaker winter and summer forward bookingsBy Joanna Plucinska and Cian MuensterFeb 10 (Reuters) - TUI TUI1n.DE, Europe's large...Reuters
an hour ago
British American Tobacco extends chair tenure until April 2028
Feb 10 (Reuters) - British American Tobacco BATS.L has decided to extend Chair Luc Jobin's tenure by up to two years until its annual general meeting in April 2028, the cigarette maker said on Tuesday.The company said it will search for a successor in that time frame.Reuters
an hour ago
Barclays boosts CEO's pay to more than $20 million
Barclays raises CEO pay to 15 mln pounds from 11.6 mln pounds last yearBank's bonus pool for staff rises 15% to 2.2 billion poundsUK bank bosses still have big pay gap with Wall Street rivalsBy Lawrence White LONDON, Feb 10 (Reuters) - Barclays BARC.L hiked CEO C.S. Venkatakrishnan's pay ...Reuters
an hour ago
Chinese biotech aims to finish trials by 2028 for spray with Wegovy active ingredient
SHANGHAI, Feb 10 (Reuters) - Shanghai Shiling Pharmaceutical is aiming to complete global clinical trials by 2028 for an experimental weight-management spray that uses the same active ingredient as Novo Nordisk's Wegovy obesity injection, the Chinese biotech said on Tuesday.Danish drugmaker Novo...Reuters
an hour ago
