LONDON, May 8 (Reuters) - The Bank of England cut its main interest rate by 0.25 percentage points to 4.25% on Thursday, despite an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.
The BoE's Monetary Policy Committee voted 5-4 in favour of the decision to cut rates by a quarter point. Two members, Swati Dhingra and Alan Taylor, voted for a bigger half-point cut while Chief Economist... (continue reading...)
(Reuters) -Shopify forecast second-quarter revenue above Wall Street estimates on Thursday, signaling the e-commerce company was steadily pulling in sellers even as global trade uncertainty threatens to hit retail businesses.
The Ontario, Canada-based company said it expects revenue to grow in the mid-twenties percentage range in the current quarter, while analysts on average estimate growth of 22.4%, according to data compiled by LSEG.
... (continue reading...)(Reuters) -Kenvue beat analysts' expectations for first-quarter profit and revenue on Thursday, as strong demand for its self-care products including cough and cold medicines Tylenol and Benadryl helped offset a fall in demand for its skin health and beauty products.
(Reporting by Mariam Sunny in Bengaluru; Editing by Pooja Desai)
(Reuters) -Fitness company Peloton Interactive raised its 2025 revenue forecast on Thursday, banking on an increase in subscriptions for its instructional videos to offset slowing demand for its exercise equipment.
Peloton, which makes equipment such as spin bikes and treadmills, has been pivoting away from hardware to transition into a software-first company.
Its turnaround strategy involves pushing subscriber growth for live and on-demand... (continue reading...)
BERLIN (Reuters) - Germany's domestic spy agency BfV will temporarily refrain from classifying the Alternative for Germany party as an extremist organization, pending litigation by the AfD, a court in the western city of Cologne said on Thursday.
(Reporting by Matthias Inverardi and Andreas Rinke, writing by Thomas Seythal, editing by Matthias Williams)
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