UK credit card borrowing rises by most since 2005 – BoE
By David Milliken LONDON (Reuters) – British credit card borrowing grew at the fastest pace since 2005 in the 12 months to July, Bank of England..
FINANCE
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NEWS
Britain’s bleak outlook sets sterling to downward spiral
Britain’s bleak outlook sets sterling to downward spiral
By Joice Alves LONDON (Reuters) – Sterling edged lower on Tuesday against the euro and was set for its biggest monthly fall against the single c..
NEWS
Pakistan floods add to pain for struggling small businesses
By Zofeen T. Ebrahim KARACHI, Pakistan (Thomson Reuters Foundation) – Dipping a roller into a tray of blue paint, Mohammad Rashi..
NEWS
For refugees in Cameroon, digital IDs are a life changer
By Maikem Emmanuela YAOUNDE (Thomson Reuters Foundation) – As a refugee in Cameroon, Shelley Teckombi Yazembrou struggled for ne..
NEWS
Banks, oil majors lift British shares higher
By Bansari Mayur Kamdar and Johann M Cherian (Reuters) -UK’s FTSE 100 reversed early losses on Tuesday, as banks and energy stoc..
NEWS
Banks lift European bourses as rate hike, recession fears grow
By Anisha Sircar (Reuters) -European shares rose on Tuesday following a two-day slump as banking stocks boosted bourses on the back of..
INVESTING
Spain August 12-month inflation slows to 10.4% YoY; oil gives a break
(Reuters) – Spanish domestic consumer prices have eased despite remaining high, mainly due to lower fuel prices against a rise i..
NEWS
Switzerland’s engineering sector urges country to start energy saving now
ZURICH (Reuters) – Switzerland’s mechanical and electrical engineering sector said on Tuesday that businesses and househol..
NEWS
O’Grady to return to Bank of Ireland as CEO – Irish Times
DUBLIN (Reuters) – Bank of Ireland’s board has selected the group’s former chief financial officer Myles O’Gra..
NEWS
Parched UAE turns to science to squeeze more rainfall from clouds
By Abir Ahmar ABU DHABI (Reuters) – As a twin-turboprop aircraft takes off under the burning desert sun with dozens of salt cani..
NEWS
Schlumberger, Subsea 7 and Aker Solutions to form subsea engineering firm
OSLO (Reuters) – U.S. engineering firm Schlumberger and Norway’s Aker Solutions plan to merge their subsea oil and gas con..
NEWS
PIMCO cut big position in Russia CDS by adding bonds in Q2
By Davide Barbuscia NEW YORK (Reuters) – PIMCO’s largest investment fund bought Russia government international bonds and ..
NEWS
Toyota’s July global vehicle output drops again, puts annual target in doubt
(Reuters) -Toyota Motor Corp said on Tuesday its July global vehicle production had fallen 8.6% year-on-year, missing its target for t..
NEWS
Rate fever propels dollar, wallops stocks and bonds
By Dhara Ranasinghe and Koh Gui Qing NEW YORK/LONDON (Reuters) – World stocks slumped on Monday as the growing risk of more aggr..
NEWS
EEX markets to remain open as power prices soar – statement
FRANKFURT (Reuters) – The European Energy Exchange said on Monday the bourse would remain open in its transparent price-setting ..
NEWS
5 Common Tax Mistakes Small Businesses Make in Australia
Sponsored Feature Presented by Pherrus Financial Owning a business comes with challenges, but it’s even more complicated when it..
BUSINESS
Ukraine and Russia: What you need to know right now
(Reuters) – Ukraine announced the start of a long-awaited counter-offensive to retake territory in the south seized by Russian f..
NEWS
Traders ramp up bets on 75 basis-point ECB Sept hike, bond yields jump
By Yoruk Bahceli (Reuters) -Euro zone money markets moved on Monday to price in a two-thirds chance of a large 75 basis-point European..
TRADING
Oil rises on prospect of OPEC+ supply cut
By Alex Lawler LONDON (Reuters) -Oil rose more than 1% on Monday, extending last week’s gain, as potential OPEC+ output cuts and..
NEWS
Floods, other water-related disasters could cost global economy $5.6 trillion by 2050 -report
By Gloria Dickie LONDON (Reuters) – Worsening droughts, storms and torrential rain in some of the world’s largest economie..
NEWS
ECB should raise rates at steady pace, chief economist says
FRANKFURT (Reuters) -The European Central Bank should raise interest rates at a “steady pace” until the end of its hiking ..
NEWS
Russian rouble firms towards 60 vs dollar, stocks up
MOSCOW (Reuters) -The rouble firmed towards 60 against the dollar on Monday, supported by the last month-end tax payments that boost d..
TRADING
Pain of breaking inflation will reverberate around the globe
By Balazs Koranyi and Howard Schneider JACKSON HOLE, Wyo. (Reuters) -The message from the world’s top finance chiefs is loud and..
NEWS
Russia sharply scales back Far East war games with China
By Mark Trevelyan LONDON (Reuters) – Russian military exercises in the Far East this week will take place on a far smaller scale..
NEWS
Dutch wind farm blows away opposition as ‘new millers’ get a stake
By Esther Verkaik ZEEWOLDE, Netherlands (Reuters) – Authorities in the Dutch city of Zeewolde have opened one of the countryR..
NEWS
Belgium supports energy price caps, suspending trading in EU power crunch
BRUSSELS (Reuters) – Belgium has backed introducing price caps for European Union’s gas and electricity hubs, as well as s..
NEWS
Elon Musk: focused on getting self-driving Teslas in wide release by year-end
By Nerijus Adomaitis and Nora Buli STAVANGER, Norway (Reuters) -Tesla chief Elon Musk said on Monday he aimed to get the electric auto..
NEWS
Oil trio’s Northern Lights in Yara CO2 emissions storage deal
By Nerijus Adomaitis and Nora Buli STAVANGER, Norway (Reuters) -Norwegian carbon dioxide (CO2) storage company Northern Lights and its..
NEWS
Sustainable Finance: The Wave of the Future
By Bryan Sharpe, Senior Accountant at Solar Panels Network USA. The world of finance is constantly changing and evolving. ..
FINANCE
Tackling the complexity of data within financial organisations
By Joe Steadman, Regional Director, EMEA at Matillion Financial institutions, whether oriented towards corporates or indiv..
FINANCE
Investing in a first-party data strategy can save the day for retailers
By Stuart Russell, Chief Strategy Officer of Planning-inc Inflation in the UK has been rising at its highest rate in 40 ye..
INVESTING
The Great Resignation teaches us we’re all entrepreneurs
By Roger James Hamilton, Founder and CEO of Genius Group Whenever there is a crisis, especially a global one, people tend ..
BUSINESS
Swiss watchmakers remain upbeat ahead of Geneva gathering
By Silke Koltrowitz ZURICH (Reuters) – Swiss watchmakers are not seeing signs so far that geopolitical tensions and recession fe..
NEWS
Sony to buy mobile game developer in push beyond consoles
By Sam Nussey TOKYO (Reuters) – Sony Group Corp on Monday said it will acquire Helsinki and Berlin-based mobile games business S..
NEWS
Finnair partners with Qatar Airways in search of new routes
(Reuters) – Finnair will establish a strategic partnership with Qatar Airways to open up new routes from Nordic capitals ..
NEWS
NEWS
IKEA stores owner buys 49% stake in Swedish wind power projects
IKEA stores owner buys 49% stake in Swedish wind power projects
STOCKHOLM (Reuters) – Ingka Group, the owner of most IKEA stores worldwide, on Monday said it has agreed to buy a 49% stake in three wind develo..
NEWS
Oil rises on prospect of OPEC supply cut, demand growth
By Sonali Paul and Mohi Narayan (Reuters) -Oil prices rose 1% on Monday, as expectations that OPEC would cut output if needed to suppo..
NEWS