At COP27, climate ‘loss and damage’ funding makes it on the table
By Laurie Goering SHARM EL-SHEIKH, Egypt (Thomson Reuters Foundation) – Warned that mounting economic crises should not delay action on increasi..
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At COP27, climate ‘loss and damage’ funding makes it on the table
‘Negotiating our future’: Youth set to grab power roles at COP27
By Laurie Goering SHARM EL-SHEIKH, Egypt (Thomson Reuters Foundation) – Fiji’s Sivendra Michael was just a year old when P..
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How mixing farms with forests can help the UK reach net zero
By Rachel Parsons PETERBOROUGH, England (Thomson Reuters Foundation) – Stephen Briggs popped open his pocket knife, carved a wed..
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German industry calls for delay to global minimum tax – BDI
BERLIN (Reuters) – German industry has called for a delay to a global minimum corporate tax by at least a year to 2025 to give c..
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British minister to meet Taiwan president, drawing China’s anger
TAIPEI (Reuters) – A British minister will visit Taiwan this week for trade talks and meet President Tsai Ing-wen, his office sa..
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Russia’s Sberbank sues Glencore for $116 million over oil supplies
MOSCOW (Reuters) – Russia’s largest lender, Sberbank, is suing global commodities trader Glencore for around 117 million e..
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Mini-budget’ fallout hits UK house prices in October – Halifax
LONDON (Reuters) -British house prices fell in October at the fastest monthly rate since February 2021, a fresh sign of weakness in th..
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Analysis-Runaway prices have central Europe on the ropes
By Gergely Szakacs and Anna Wlodarczak-Semczuk BUDAPEST/WARSAW (Reuters) – While inflation in western Europe is largely expected..
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China’s COVID resurgence spurs new curbs, Foxconn imposes restrictions
SHANGHAI (Reuters) – China’s escalating COVID-19 resurgence has spurred authorities and companies, including key iPhone ma..
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Oil prices slide as hopes for China demand rebound fade
By Florence Tan SINGAPORE (Reuters) -Oil prices fell more than $1 a barrel on Monday after Chinese officials on the weekend reiterated..
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Six in ten Britons will spend less at Christmas -Deloitte survey
LONDON (Reuters) – Six in ten Britons believe they will have less money to spend over the Christmas period than last year, accor..
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“Live up to your climate promises,” UK PM will say
SHARM EL-SHEIKH, Egypt (Reuters) – British Prime Minister Rishi Sunak will on Monday use a speech at the United Nations climate ..
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Facebook parent Meta is preparing large-scale layoffs this week – WSJ
(Reuters) – Meta Platforms Inc is planning to begin large-scale layoffs this week that will affect thousands of employees, the W..
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ECB, UniCredit clash over capital plans, Russia presence, FT says
(Reuters) – The European Central Bank (ECB) has clashed with UniCredit over the Italian lender’s plans to return cash to s..
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Twitter asks some laid off workers to come back, Bloomberg reports
(Reuters) – After Twitter Inc laid off roughly half its staff on Friday following Elon Musk’s $44 billion acquisition, the..
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Dollar tumbles as U.S. nonfarm payrolls show mixed picture
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar slumped on Friday after the U.S. nonfarm payrolls report for October..
Finance
Current scenario of world economy
Author: Professor Marco Mongiello, Pro Vice-Chancellor at The University of Law Business School Predicting economic scenarios is never..
Finance
Euro zone downturn deepened in Oct, winter recession likely -PMI
LONDON (Reuters) – Euro zone business activity contracted last month at the fastest pace since late 2020 as high inflation and f..
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Shares in Monte dei Paschi plunge 14% after capital raise
MILAN (Reuters) – Shares in Monte dei Paschi di Siena plunged 14% on Friday, triggering an automatic trading suspension, after t..
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Britain launches scheme to pay homes to curb electricity use
LONDON (Reuters) – Britain’s National Grid on Friday launched a scheme to pay homeowners and businesses to curb their elec..
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German industrial orders drop in Sept on foreign demand slump
BERLIN (Reuters) – German industrial orders fell more than expected in September, weighed down by a sharp fall in foreign demand..
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Nissan says talks with Renault focused on better competing in electric cars
By Kevin Krolicki and David Dolan TOKYO (Reuters) -Nissan Motor Co’s talks with Renault SA are focused on optimising their inves..
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UK new car sales up by nearly a quarter in October – SMMT
(Reuters) – British new car registrations rose for the third consecutive month in October, up by around a quarter, according to ..
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British PM Sunak expected to shelve plans to privatise Channel 4 -FT
(Reuters) – British Prime Minister Rishi Sunak is expected to put off the proposed privatisation of publicly-owned broadcaster C..
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Britain’s Prince William unveils finalists for Earthshot environmental prize
LONDON (Reuters) – Britain’s Prince William on Friday unveiled the finalists for his Earthshot prize, which awards 1 milli..
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North Korea fires artillery into sea as South Korea and U.S. pledge cooperation
SEOUL (Reuters) -North Korea fired about 80 artillery rounds into a maritime border zone overnight, South Korea said on Friday, as def..
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Chaos, confusion reign ahead of Twitter layoffs
By Sheila Dang and Katie Paul (Reuters) – Fear and dread spread across Twitter Inc offices on Thursday as 7,500 employees from S..
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World equities fall, U.S. Treasury yields rise after hawkish Fed
By Chibuike Oguh NEW YORK (Reuters) -Global equities fell while U.S. Treasury yields rose on Thursday as investors weighed hawkish com..
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Euronext Italian arm to become group-wide clearer from end 2023
By Huw Jones LONDON (Reuters) – Pan-European stock exchange Euronext said on Thursday that customers will be able to clear all s..
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Investors trim bets for peak Bank of England rate
LONDON (Reuters) – Investors trimmed their bets on the peak for British interest rates on Thursday after the Bank of England tol..
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Italy’s Leonardo raises FY orders guidance after strong nine months
ROME (Reuters) -Italy’s state-controlled defence group Leonardo on Thursday raised its full-year guidance after reporting a size..
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More ethical businesses are more unlikely to experience unethical employee behaviour
Despite a growing trend for more ethical investment, Rotterdam School of Management, Erasmus University (RSM) has uncovered eight unet..
Business
Analysis: Energy market turmoil shakes Europe’s green power plan
By Susanna Twidale, Isla Binnie and Kate Abnett (Reuters) – Europe’s plan to roughly double renewable power generation by ..
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Expert View: Bank of England lifts UK rates to 3% in historic hike
LONDON (Reuters) – The Bank of England raised UK interest rates to 3% on Thursday in its largest rate hike since 1989 and warned..
Finance
Yum beats sales estimates as customers flock to KFC, Taco Bell deals
By Uday Sampath Kumar (Reuters) -Yum Brands Inc beat Wall Street estimates for quarterly comparable sales on Wednesday, as the company..
Business
World’s top bankers expect markets to stay turbulent
By Xie Yu and Summer Zhen HONG KONG (Reuters) – Central banks will get inflation under control, but there will be turbulence in ..
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New carbon accounting standards crucial in matching changing climate investment landscape
Specific accounting standards are urgently needed for new asset types such as certified carbon offset credits, according to a new repo..
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