BUSINESS

Amazon.com Inc will raise fees for its delivery and streaming service Prime in Europe by up to 43% a year, the online retailer said on Monday, as it moves to counter higher costs days before it reports quarterly financial results.

U.S. Treasury officials said on Monday overall income and jobs figures suggested the economy was in good health and not in a recession, even if data due this week shows gross domestic product falling for a second consecutive quarter.

Walmart cuts profit outlook as inflation bites shoppers

US offers help to link Armenia, Azerbaijan

Top U.S. retailer Walmart Inc on Monday slashed its profit forecast as surging prices for food and fuel prompted customers to cut back on discretionary purchases, and its shares slid 10% in trading after the bell.

Top U.S. retailer Walmart Inc on Monday said its 2022 profits would drop much further than previously forecast as surging prices for food and fuel prompted customers to cut back on discretionary purchases, and its shares slid 10% in trading after the bell.

Russia's cut in supplies through its main gas pipeline to Germany will leave countries unable to meet goals to refill storage and Europe's biggest economy faced with rationing industry to keep its citizens warm during the winter months.

Ahead of a crucial midterm election, U.S. President Joe Biden is leaning heavily on one man, moderate Republican and Federal Reserve Chair Jerome Powell, to tackle the top issue worrying voters: inflation.

Marine terminals at California's Port of Oakland opened for normal operations on Monday after port leaders and police ended a week-long independent truck driver protest of the state's new "gig worker" law, which stranded cargo on ships, docks and warehouses and worsened U.S.

The U.S. Energy Department on Monday announced it intends to loan a joint venture of General Motors Co and LG Energy Solution $2.5 billion to help finance construction of new lithium-ion battery cell manufacturing facilities.

The U.S. Energy Department on Monday plans to announce it intends to loan a joint venture of General Motors Co and LG Energy Solution $2.5 billion to help finance construction of new lithium-ion battery cell manufacturing facilities, officials told Reuters.

U.S. manufacturers are likely to see a hit to their quarterly profit in the second half of the year as higher prices for everything from light bulbs to air conditioners take a toll on consumer spending.

President Joe Biden met virtually on Monday with the chief executives of Lockheed Martin Corp, Medtronic PLC and Cummins Inc along with labor leaders as part of the administration's push for legislation to boost the U.S.

A former Goldman Sachs banker, a former FBI agent trainee, and a technology executive were among those charged on Monday with insider trading in separate schemes that together generated millions of dollars in profits, U.S.

A survey found that 20% Americans are reluctant to review their credit card statements as spending has rebounded.

Target has seen its online sales grow by nearly $13 billion from 2019 to 2021.

Panama govt, protesters edge closer in talks to end road closures

Ukraine calls Europe to action as Russia slashes gas

The Bank of England must decide next week whether to join the ranks of central banks rushing out their biggest interest rate hikes in decades, or whether the warning signs of a recession mean it should tread more cautiously.

Cleerly, a New York-based health tech startup, has raised $192 million in a funding round led by investment firms T. Rowe Price and Fidelity Management & Research Company LLC.

Former U.S. Congressman Stephen Buyer has been charged with insider trading over purchases of shares in telecommunications company Sprint before it merged with T-Mobile US Inc, prosecutors said on Monday.

Volkswagen investors believe incoming CEO Oliver Blume will struggle to lead both the Volkswagen Group and Porsche - and to pull off a planned listing of the sports car maker while wearing both hats.

The first nine fans who get one of three tattoo placements at Bad Apple Tattoo will win free subs for a month, a year, or life.

UK to host 2023 Eurovision as Ukraine bows out

Deutsche Bank's global investment banking coverage and advisory chief Drew Goldman will step down and be replaced by regional heads, according to a memo seen by Reuters on Monday.

General Motors Co and Ford Motor Co are about to replay a script they have played out many times before - trying to convince investors they can get through a recession without skidding into the red.

Orange and MasMovil's $19 billion Spanish telecom merger is set to be a test case for whether Europe's antitrust regulators have become more lenient in approving deals that reduce the number of mobile operators.

Brazilian planemaker Embraer SA said on Monday it delivered 32 jets in the second quarter, including 11 commercial aircraft and 21 executive jets, a sign it was gaining pace after a lukewarm first quarter.

Construction sites, factory assembly lines and warehouses across central Europe are scrambling to fill vacancies after tens of thousands of Ukrainian men left their blue-collar jobs to return home after Russia invaded their country.