BUSINESS

The Federal Reserve announced Thursday that six of the nation's largest banks would participate in a pilot climate scenario analysis exercise in 2023.

European shares tumbled on Thursday as relief from the Bank of England's bond buy-back plan to soothe distressed markets fizzled out, while grim inflation data from Germany fed fears about soaring prices and aggressive central bank moves.

New asteroid strike images show impact 'a lot bigger than expected'

The number of Americans filing new claims for unemployment benefits fell to a five-month low last week as the labor market remains resilient despite rising headwinds from the Federal Reserve's stiff interest rate increases and slowing demand.

NBA stars LeBron James, Kevin Love and Draymond Green are part of a consortium buying a pickleball team as the league grows from 12 to 16 teams.

Supply chain disruptions have improved but inflation is now compounding the issue for retailers like Walmart.

Stocks continued sliding in early trading Thursday after a one-day gain temporarily slowed a weeks-long decline.

Canada's economic activity unexpectedly edged up in July, while gross domestic product in August was most likely flat, data showed on Thursday, with the surprise gain seen unlikely to change much for the central bank.

HSBC is reviewing whether to keep its global headquarters in London's Canary Wharf, a staff memo seen by Reuters on Thursday showed, a decision which could see the bank swap the financial hub for a new home after more than 20 years.

Germany deploys 200-bn-euro shield in 'energy war'

First images of asteroid strike from Webb, Hubble telescopes

The shift to a remote workforce would allow Amazon to cut costs on real estate.

Swiss franc's surge against the euro a boon for business

Andrea Rossi, the investment veteran named as chief executive of M&G on Thursday, has ruled out breaking up one of Britain's best-known fund management companies and expects growth despite turbulent markets and a cost-of-living crisis.

Sanctions-hit VTB Bank has urged President Vladimir Putin to curb the activities of Western grain traders in Russia, citing the need to strengthen Russian traders' role in the global market, a letter seen by Reuters shows.

China held a ceremony on Thursday to certify its C919 narrowbody passenger jet, photos on social media showed, representing a major milestone in the country's ambitions to challenge Airbus and Boeing in commercial aerospace.

Anti-war novel banned by Nazis revived through German eyes

VFR.ai is making waves in the industry with their innovative tech that allows for native advertising on CTV (connected TV) devices.

Imagine a future world starved of resources where carmakers have to resort to replacing the metal in your car's roof and hood with cardboard.

Hong Kong's two largest completed IPOs of 2022 worth a combined $1.5 billion closed deep in the red on their market debuts on Thursday, dampening prospects of a recovery in new share sales in the city for the rest of the year.

Initial public offerings by U.S. tech companies have sunk to their lowest levels since the global financial crisis of 2008, as stock market volatility, soaring inflation, and interest rate hikes have soured investor sentiment towards new listings.

Nigeria has failed to capitalise on an oil price boom that has helped cushion other exporters from the impact of inflation, with millions more Nigerians now facing poverty.

China's central bank has asked major state-owned banks to be prepared to sell dollars for the local unit in offshore markets as it steps up efforts to stem the yuan's descent, four sources with knowledge of the matter said.

The criminal group, according to a spokesperson from law enforcement, was led by Hong Moumou, who is notorious for his illegal gambling and fraudulent activities across China.

H&M, the world's No.2 fashion retailer, launched a 2 billion Swedish crown ($177 million) cost savings drive on Thursday after reporting weaker-than-expected profits due to soaring input costs, slowing consumer spending and its exit from Russia.

Porsche AG made its debut on the stock market on Thursday, with a price tag of about 75 billion euros ($72.45 billion) after Volkswagen priced shares at the top end of the range, braving turbulent market conditions.

Once unthinkable, mobile phones could go dark around Europe this winter if power cuts or energy rationing knocks out parts of the mobile networks across the region.

After Pope outreach, Nicaragua's Ortega calls Church a 'dictatorship'

Soaring interest rates are providing investors with attractive alternatives to stocks, complicating the picture for equities in an already-vicious year.