NEWS

UK consumer mood sinks to new depths despite energy bills help

UK consumer mood sinks to new depths despite energy bills help

By Andy Bruce LONDON (Reuters) – British consumer confidence slid this month to its lowest level since records began in the mid-..

Sri Lanka to unveil debt restructuring plan to creditors

Sri Lanka to unveil debt restructuring plan to creditors

By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lankan authorities will formally hold talks with international creditors on Friday ..

Carrefour management increases offer in wage talks with unions

Carrefour management increases offer in wage talks with unions

By Richa Naidu PARIS (Reuters) -France’s biggest retailer Carrefour has increased its offer in the third round of wage talks wit..

Stocks slump to 2-year low as rates reality bites

Stocks slump to 2-year low as rates reality bites

By Tom Westbrook SYDNEY (Reuters) – Stocks hit a two-year low on Friday and bonds eyed big weekly losses as the prospect of U.S...

Sabadell in talks with Worldline, Nexi and Fiserv for payments deal -sources

Sabadell in talks with Worldline, Nexi and Fiserv for payments deal -sources

By Pamela Barbaglia, Jesús Aguado and Andres Gonzalez LONDON/MADRID (Reuters) -Spanish bank Sabadell has received indicative bids from..

What crisis? High-stakes crypto lending looks here to stay

What crisis? High-stakes crypto lending looks here to stay

(Updates Trenchev’s estimate for unsecured lending) By Elizabeth Howcroft and Hannah Lang LONDON/WASHINGTON (Reuters) -On May 11..

Yen rallies after Japan intervenes with first support since 1998

Yen rallies after Japan intervenes with first support since 1998

By Gertrude Chavez-Dreyfuss and Alun John NEW YORK/LONDON (Reuters) – The Japanese yen soared across the board on Thursday after..

Lights off, heat down: central Europe governments save power to set example

Lights off, heat down: central Europe governments save power to set example

By Jan Lopatka PRAGUE (Reuters) – Turning off lights, lowering thermostats and installing motion detectors are among the ways ce..

Factbox-Government measures to ease inflation pain

Factbox-Government measures to ease inflation pain

(Reuters) – Pandemic-related disruption to global supply chains and the knock-on effects of Russia’s war in Ukraine have c..

Australia mourns Queen Elizabeth from home of ‘world’s oldest continuous culture’

Australia mourns Queen Elizabeth from home of ‘world’s oldest continuous culture’

SYDNEY (Reuters) -Australia held a national day of mourning for Queen Elizabeth II on Thursday, with Prime Minister Anthony Albanese s..

Analysis-Europe says goodbye to negative rates – or just ‘au revoir’?

Analysis-Europe says goodbye to negative rates – or just ‘au revoir’?

By Mark John and Dhara Ranasinghe LONDON (Reuters) – Europe’s decade-long experiment with negative interest rates, which e..

French President Macron reaffirms that pensions system reform is necessary

French President Macron reaffirms that pensions system reform is necessary

PARIS (Reuters) – French President Emmanuel Macron reaffirmed in a television interview with BFM TV that a reform of the country..

Strong nighttime earthquake jolts sleeping Mexicans, at least one death reported

Strong nighttime earthquake jolts sleeping Mexicans, at least one death reported

MEXICO CITY (Reuters) -A magnitude 6.8 earthquake struck western Mexico early on Thursday, claiming the life of a woman in Mexico City..

Renault to reach its goal on integrated electric vehicles chain before 2030 -CEO

Renault to reach its goal on integrated electric vehicles chain before 2030 -CEO

PARIS (Reuters) – French carmaker Renault will reach its target of having an 80% integrated electric vehicle (EV) chain before i..

UK to examine cloud services dominated by Amazon, Microsoft and Google

UK to examine cloud services dominated by Amazon, Microsoft and Google

LONDON (Reuters) -Britain said it would investigate competition in cloud services, a market dominated by the “hyperscalers”..

Exclusive-HSBC fund arm toughens thermal coal policy to curb climate change

Exclusive-HSBC fund arm toughens thermal coal policy to curb climate change

By Simon Jessop and Sinead Cruise LONDON (Reuters) – HSBC Holdings Plc told Reuters on Thursday it will stop financing the expan..

Czech central bank vice-gov unlikely to vote for rate cut -newspaper

Czech central bank vice-gov unlikely to vote for rate cut -newspaper

PRAGUE (Reuters) – Czech National Bank Vice-Governor Eva Zamrazilova is not likely to vote for a rate cut this year as she expec..

Australia mourns Queen Elizabeth from home of ‘world’s oldest continuous culture’

Australia mourns Queen Elizabeth from home of ‘world’s oldest continuous culture’

SYDNEY (Reuters) -Australia held a national day of mourning for Queen Elizabeth II on Thursday, with Prime Minister Anthony Albanese s..

Banks close painful Citrix debt chapter with $700 million loss -source

Banks close painful Citrix debt chapter with $700 million loss -source

By Abigail Summerville and Matt Tracy (Reuters) – Wall Street banks completed the sale of $8.55 billion in loans and bonds backi..

German tax revenues fall in August for first time this year

German tax revenues fall in August for first time this year

BERLIN (Reuters) – Federal and state government tax revenues fell in Europe’s biggest economy during August for the first ..

UK’s top manufacturing body slashes forecasts for 2023

UK’s top manufacturing body slashes forecasts for 2023

LONDON (Reuters) – Britain’s manufacturers association on Thursday slashed its forecast for growth in factory output next ..

Bank of England set for second hefty rate rise in a row

Bank of England set for second hefty rate rise in a row

By David Milliken LONDON (Reuters) – The Bank of England looks set to raise interest rates by at least half a percentage point o..

Biden, UK’s Truss commit to protect Northern Ireland deal

Biden, UK’s Truss commit to protect Northern Ireland deal

By Steve Holland UNITED NATIONS (Reuters) -U.S. President Joe Biden and British Prime Minister Liz Truss met in person for the first t..

Britain launches plan to ease doctor waiting lists

Britain launches plan to ease doctor waiting lists

LONDON (Reuters) – Britain’s health minister on Thursday will set out a plan to cut waiting times for doctors’ appoi..

Britain proposes insurance shake-up after Grenfell Tower fire

Britain proposes insurance shake-up after Grenfell Tower fire

By Huw Jones LONDON (Reuters) – Britain’s financial watchdog has proposed reforming how apartment blocks are insured after..

UniCredit focused on “internal delivery”, open to M&A in all its markets

UniCredit focused on “internal delivery”, open to M&A in all its markets

ROME (Reuters) – UniCredit is focused on delivering targets set under its business plan, though it remains ready to seize M&..

European governments spend half a trillion euros on energy crisis – report

European governments spend half a trillion euros on energy crisis – report

By Kate Abnett BRUSSELS (Reuters) -Governments in Europe have earmarked nearly 500 billion euros in the last year to cushion citizens ..

Uniper’s rocky road to German nationalisation

Uniper’s rocky road to German nationalisation

(Reuters) – Germany’s government announced steps on Wednesday to nationalise gas importer Uniper, brought to its knees aft..

Europe burns cash to help businesses in deepening energy crisis

Europe burns cash to help businesses in deepening energy crisis

By Kirsti Knolle, William James and Anne Kauranen BERLIN/LONDON/HELSINKI (Reuters) -Germany nationalised gas importer Uniper on Wednes..

European governments spend half a trillion euros on energy crisis – report

European governments spend half a trillion euros on energy crisis – report

By Kate Abnett BRUSSELS (Reuters) – Governments in Europe have earmarked nearly 500 billion euros in the last year to cushion ci..

Putin speech sends sterling to fresh 37-year low ahead of Fed, BoE meetings

Putin speech sends sterling to fresh 37-year low ahead of Fed, BoE meetings

By Lucy Raitano LONDON (Reuters) – The pound touched a new 37-year low against the dollar on Wednesday after Russian President V..

Factbox-Reaction to UK’s energy support package for businesses

Factbox-Reaction to UK’s energy support package for businesses

LONDON (Reuters) – Britain on Wednesday set out a support package for businesses to deal with soaring energy bills going into th..

UK government to cap energy bills for businesses – Bloomberg

UK government to cap energy bills for businesses – Bloomberg

LONDON (Reuters) – The British government, under newly appointed Prime Minister Liz Truss, plans to cut the wholesale prices tha..

Big bank CEOs to sell lawmakers on relief, diversity efforts amid economic, regulatory challenges

Big bank CEOs to sell lawmakers on relief, diversity efforts amid economic, regulatory challenges

By Pete Schroeder WASHINGTON (Reuters) -JPMorgan Chase & Co Chief Executive Jamie Dimon will warn Congress of economic “stor..

ECB’s Lagarde raises prospect of rate hikes beyond neutral level

ECB’s Lagarde raises prospect of rate hikes beyond neutral level

FRANKFURT (Reuters) -The European Central Bank may need to raise interest rates to a level that restricts economic growth in order to ..

YouTube in challenge to TikTok to give Shorts creators 45% of ad sales

YouTube in challenge to TikTok to give Shorts creators 45% of ad sales

By Dawn Chmielewski and Paresh Dave LOS ANGELES (Reuters) -YouTube unveiled a new way for creators to make money on short-form video, ..

Investment banks’ trading revenue likely to shrink, Barclays boss says

Investment banks’ trading revenue likely to shrink, Barclays boss says

By Sinead Cruise and Iain Withers LONDON (Reuters) – Investment banks are likely to be hit by a dip in trading revenue next year..