Britain’s cost of living crisis sends sterling to lowest since mid-July
By Joice Alves LONDON (Reuters) – Sterling fell to its lowest since mid-July against the dollar on Monday as surging energy cost..
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Factbox-What impact will strike at Britain’s busiest container port have?
LONDON (Reuters) – More than 1,900 workers at Britain’s biggest container port, Felixstowe, have begun eight days of strik..
NEWS
Gas crisis sends euro back below parity against dollar
By Dhara Ranasinghe and Joice Alves LONDON (Reuters) – The euro briefly fell back below parity against a robust dollar on Monday..
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Traders cut Ukraine 2022 combined grain and oilseeds crop forecast
KYIV (Reuters) -Grain traders union UGA on Monday cut Ukraine’s 2022 combined grain and oilseeds crop forecast to 64.5 million t..
NEWS
UK economy shrank record 11% in 2020, worst since 1709
LONDON (Reuters) – Britain recorded its biggest fall in output in more than 300 years in 2020 when it faced the brunt of the COV..
NEWS
Shares slip, dollar dominates as recession looms
By Lawrence White LONDON (Reuters) – European shares slumped to month-long lows, oil prices fell and the dollar surged on Monday..
INVESTING
HSBC ups price targets on Greek banks, with Eurobank, Piraeus top picks
ATHENS (Reuters) – HSBC raised its price targets on shares of Greece’s four largest lenders after they posted strong perfo..
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German recession increasingly likely, Bundesbank says
FRANKFURT (Reuters) – A recession in Germany, the euro zone’s biggest economy, is increasingly likely and inflation will c..
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From chasing deals to turning off screens: Cineworld on the brink
(Reuters) – Britain’s Cineworld said on Monday it was considering options including a possible bankruptcy filing in the Un..
NEWS
UK inflation to hit 18% in early 2023, Citi forecasts
By William Schomberg LONDON (Reuters) – British consumer price inflation is set to peak at 18% – nine times the Bank of En..
NEWS
Investing In Commodities As A Retirement Strategy
AD- Disclaimer – The opinion expressed here is not investment advice – it is provided for informational purposes only. It does n..
INVESTING
Inflation Is On The Rise, You Need A Bookkeeper
Sponsored Feature Presented by Proper Noun Are you keeping an eye on the inflation rate? It’s been creeping up in recent years, ..
FINANCE
French retailer Carrefour to freeze prices on 100 products to tackle inflation
PARIS (Reuters) -French supermarket retailer Carrefour is freezing prices on 100 everyday products from tinned sardines to rice and wa..
NEWS
Orban tightens hold over telco sector as Vodafone sells Hungarian unit
LONDON/BUDAPEST (Reuters) – Britain’s Vodafone will sell its Hungarian business for 715 billion forints ($1.8 billion) in ..
NEWS
China steps up easing, cuts lending benchmarks to revive faltering economy
By Winni Zhou and Brenda Goh SHANGHAI (Reuters) -China cut its benchmark lending rate and lowered the mortgage reference by a bigger m..
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Analysis-Meagre medicine cabinet leaves Sanofi unloved
By Ludwig Burger FRANKFURT (Reuters) – Sanofi’s recent stock rout underscores the pressure on the French drug maker to red..
NEWS
Asia shares slip, dollar strong as yuan weakens
By Wayne Cole SYDNEY (Reuters) – Asian shares slipped on Monday and the dollar extended its climb amid angst over global growth ..
NEWS
Oil falls on concerns economic slowdown may dent fuel demand
By Yuka Obayashi TOKYO (Reuters) – Oil prices fell on Monday, ending three days of gains, on fears aggressive U.S. interest rate..
NEWS
Australia’s Qantas apologises to customers for operational problems
SYDNEY (Reuters) -Qantas Airways Ltd will offer A$50 ($34) vouchers, loyalty status extensions and lounge passes to frequent flyers to..
NEWS
EU watchdog backs ESG ‘quality label’ for market benchmarks
LONDON (Reuters) – The European Union’s markets watchdog said on Friday that a ‘quality label’ for market benc..
NEWS
Soccer-Casemiro intent on joining Man United, Ancelotti says
By Fernando Kallas MADRID (Reuters) -Casemiro wants to leave Real Madrid in order to sign for Premier League side Manchester United, c..
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Strikes bring London’s transport network to a halt
LONDON (Reuters) -London’s transport network ground to a halt on Friday as train and bus workers held strikes over pay and condi..
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Cost-of-living crisis prompts ‘buy now, pay later’ warning from UK’s FCA
By Huw Jones LONDON (Reuters) -People responsible for misleading ‘buy now, pay later’ adverts could face two years in pris..
NEWS
Record jump in German producer prices adds to gloomy outlook
By Miranda Murray and Paul Carrel BERLIN (Reuters) -German producer prices jumped at the fastest pace on record in July, underscoring ..
NEWS
Global equity funds attract inflows for second week in a row
(Reuters) – Global equity funds received inflows for a second straight week in the week to Aug. 17, as investors tempered their ..
INVESTING
SAS cancels 1,700 flights due to pilot strike, late aircraft deliveries
STOCKHOLM (Reuters) – Scandinavian airline SAS has suspended 1,700 flights in the coming months due partly to a two-week pilot s..
NEWS
Soccer – Deep pockets needed to persuade Glazers to sell United
By Simon Evans MANCHESTER, England (Reuters) – British billionaire Jim Ratcliffe’s interest in buying Manchester United ha..
NEWS
Britain sets out roadmap for self driving vehicle usage by 2025
LONDON (Reuters) – Britain said on Friday it wanted a widespread rollout of self-driving vehicles on roads by 2025, announcing p..
NEWS
Online discounts boost struggling UK retailers in July
By David Milliken LONDON (Reuters) -British shoppers spent more than expected last month after being enticed by online shopping deals,..
NEWS
Euro zone current account swings back to a surplus in June
FRANKFURT (Reuters) – The euro zone’s current account swung back to a small surplus in June on an improvement in the trade..
NEWS
Russian rouble nears 4-week high versus dollar
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) R..
TRADING
Take Five: Taking in the vistas from Jackson Hole
(Reuters) – Jackson Hole, Wyoming, is the focal point for markets in the coming week as investors zero in on the Federal Reserve..
NEWS
Samsung Elec breaks ground on new chip R&D centre, plans $15 billion investment by 2028
SEOUL (Reuters) – Samsung Electronics said on Friday it broke ground at a new semiconductor research and development (R&D) c..
NEWS
Bavarian Nordic signs up U.S. firm for packaging monkeypox vaccine
(Reuters) – Danish biotech firm Bavarian Nordic said on Thursday it has signed up a U.S.-based manufacturer to package its Jynne..
NEWS
Cricket-Fiery Stokes revives England but S Africa build good lead
LONDON (Reuters) – A fiery spell from captain Ben Stokes dragged England back into the match but South Africa remained the happi..
NEWS
Next year’s Geneva auto show cancelled -organisers
ZURICH (Reuters) – The Geneva International Motor Show scheduled to take place in February has been cancelled for the fourth yea..
NEWS
Record numbers resign in France as bargaining power balance shifts -labour ministry
By Myriam Rivet and Tassilo Hummel PARIS (Reuters) – More French employees than ever quit their jobs at the end of 2021 and star..
NEWS