Volkswagen’s Mexico factory workers reject union pay deal
MEXICO CITY (Reuters) – Volkswagen workers at its main Mexico factory rejected a deal for a 9% pay hike, an official statement s..
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Standard Chartered rolls out digital bank in hot Singapore market
SINGAPORE (Reuters) – Standard Chartered and FairPrice Group on Thursday rolled out their digital bank focusing on SingaporeR..
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UK house prices speed up but slowdown coming, Nationwide says
LONDON (Reuters) – British house prices rose at a faster monthly pace in August than in July but the market is set to cool as su..
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Marketmind: Moment in the sun
A look at the day ahead in European and global markets from Tom Westbrook Summer may be finished, but the hot sun is helping energy pr..
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Amazon introduces seller storage service to tackle supply chain woes
(Reuters) – Amazon.com Inc introduced a new service on Wednesday to help its sellers store bulk inventory and ease distribution ..
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Exclusive-Naftogaz CEO prepared to step down if it would facilitate debt deal
By Andrea Shalal KYIV (Reuters) – The head of state-run Ukranian energy company Naftogaz is ready to step down if it would help ..
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Global body urges EU to make company life simpler by aligning climate reporting
By Huw Jones LONDON (Reuters) – The European Union should make extra time to align its policies with international rules on repo..
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Botswana awards Norway’s Scatec first large-scale solar plant contract
GABORONE (Reuters) – State-owned Botswana Power Corporation (BPC) has awarded Norwegian company Scatec ASA a contract to build a..
Wealth Creation
French sugar makers to start output early as energy curbs loom
By Sybille de La Hamaide PARIS (Reuters) -France’s two largest sugar makers Tereos and Cristal Union will bring forward the star..
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Hackers hit Italian oil company Eni’s computer networks
(Reuters) -Italian oil company Eni’s computer networks were hacked in recent days but the consequences appear to be minor so far..
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Russia jobless rate stays at record low of 3.9% in July
Russia jobless rate stays at record low of 3.9% in July
MOSCOW (Reuters) – The number of people unemployed in Russia was 2.9 million in July, or 3.9% of the workforce, with the jobless rate staying at..
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Barclays announces sale of remaining shares in South Africa’s Absa
LONDON (Reuters) – Barclays will sell its remaining 7.4% stake in South African bank Absa, it said on Wednesday, completing its ..
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Russia’s Gazprom expects increase in 2022 revenue
MOSCOW (Reuters) -Russian gas giant Gazprom showed very good results in the first half and its 2022 revenue will exceed last year̵..
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EDF staff, shareholders file complaint over management
By Julien Ponthus and Tassilo Hummel PARIS (Reuters) – An association of EDF staffers and shareholders seeking a higher price fo..
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UniCredit gets ECB’s green light for second 1 billion euro share buyback
By Valentina Za MILAN (Reuters) – UniCredit on Wednesday said it had gained supervisory approval for a new share buyback of up t..
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Spanish toddler dies after being hit by giant hailstone
MADRID (Reuters) – A 20-month-old girl died after being struck on the head during a violent hailstorm that caused havoc in Catal..
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Foreign tourism to Portugal surpasses pre-COVID levels in July
LISBON (Reuters) – The number of foreign tourists visiting Portugal slightly surpassed pre-pandemic levels in July for the first..
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Investors flee UK bonds, pushing gilts to huge monthly loss
LONDON (Reuters) -Investors alarmed at Britain’s bleak economic outlook and political uncertainty dumped government bonds on Wed..
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Euro slips back below parity, Norwegian krone falls on planned cbank FX purchases
By Samuel Indyk LONDON (Reuters) – The euro slipped back below parity against the dollar on Wednesday and was on track for its t..
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Britain’s Queen Elizabeth will appoint new prime minister at Balmoral
LONDON (Reuters) -Queen Elizabeth will break with tradition to appoint Britain’s new prime minister at her Balmoral Castle resid..
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Iran deal a wild card for oil market strained by supply risks – Reuters poll
By Swati Verma (Reuters) – A looming EU embargo on Russian oil is expected to exacerbate supply tightness and keep prices in tri..
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Austria grants credit line to Vienna utility squeezed by power price surge
VIENNA (Reuters) – Austria’s government on Wednesday granted a 2 billion euro ($2 billion) credit line to the City of Vien..
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Spain launches free rail travel passes to fight inflation
By Marco Trujillo and Christina Thykjaer MADRID (Reuters) – After struggling a bit with the ticket machine at Madrid’s gra..
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Interest rate and recession fears knock stocks and oil
By Huw Jones LONDON (Reuters) – Record-high inflation in the euro zone compounded recession fears stalking markets on Wednesday ..
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Dutch to spend $16 billion to cushion effects of inflation -media
AMSTERDAM (Reuters) – The Dutch government plans to spend around 16 billion euros ($15.97 billion) next year in an effort to hel..
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High inflation, recession risk widen ECB dilemma
FRANKFURT (Reuters) -Euro zone inflation jumped to another record high and will soon hit double-digit territory, heralding a string of..
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Turkey’s economy grew 7.6% in Q2 driven by domestic demand, exports
By Nevzat Devranoglu and Ali Kucukgocmen ISTANBUL (Reuters) – Turkey’s economy grew 7.6% year-on-year in the second quarte..
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German bonds set for worst month in decades as inflation hits new highs
By Dhara Ranasinghe LONDON (Reuters) – Germany’s borrowing costs rose to their highest level in over two months on Wednesd..
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UK energy bill help won’t lower inflation, statisticians rule
By Andy Bruce LONDON (Reuters) -British government energy bill rebates for households cannot be viewed as lowering inflation, official..
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EU to restrict travel rules for Russians, split on how far to go
By Sabine Siebold and Robert Muller PRAGUE (Reuters) -The EU’s foreign policy chief on Wednesday urged bickering nations to sett..
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Foreign business travel missing ingredient for Irish hotel recovery – Dalata
By Padraic Halpin DUBLIN (Reuters) – Executives at Ireland’s large hub of multinational companies are still only going on ..
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Toyota Motor to invest $5.3 billion in Japan, U.S. for EV battery supply
(Reuters) -Toyota Motor Corp said on Wednesday it would invest up to 730 billion yen ($5.27 billion) in Japan and the United States to..
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The Problem With Money
By Adrian Brink, Co-Founder of Anoma The global economy is tanking. The Ukraine war has disrupted the supply of commodities that power..
Finance
ECB must swiftly normalise rates; neutral may not be enough, Knot says
(Reuters) -The European Central Bank must swiftly normalise interest rates as inflation could still go higher and lifting rates to the..
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German EU-harmonised consumer prices up 8.8% y/y in August
(Reuters) – German consumer prices, harmonised to compare with other European countries, were up 8.8% on the year and rose by 0...
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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..
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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,..
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