Swiss National Bank makes another large draw on Fed swap line
(Reuters) – The Swiss National Bank this week drew nearly $6.3 billion from the U.S. Federal Reserve’s currency swap line ..
News
All Posts
When the AI goes haywire, bring on the humans
By Paresh Dave OAKLAND, Calif. (Reuters) – Used by two-thirds of the world’s 100 biggest banks to aid lending decisions, c..
News
Netflix ad-supported plan to launch in November at $7 a month
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Netflix Inc said on Thursday it will introduce a streaming plan with adve..
News
EU, U.S. eye level playing field for EU electric cars in U.S. market
WASHINGTON (Reuters) -European Union and U.S. officials expect to reach agreement that would grant EU companies, including electric ca..
News
Italy’s Giorgetti gets Meloni’s backing to be economy minister
By Angelo Amante and Gavin Jones ROME (Reuters) -Giancarlo Giorgetti, a former industry minister and the deputy leader of the right-wi..
News
Rosneft sues Berlin over takeover of its German unit
BERLIN (Reuters) – Russian state energy giant Rosneft has filed a complaint with a top court in Germany against the government f..
News
European airlines see travel withstanding consumer squeeze for now
By Sarah Young and Klaus Lauer LONDON (Reuters) – British Airways-owner IAG, Europe’s biggest airline Ryanair and rival ea..
News
Hot U.S. inflation data reignites global selloff
By Marc Jones LONDON (Reuters) – MSCI’s global stock index lurched to a July 2020 low and dollar and bond market borrowing..
News
IKEA reports record sales as price hikes offset weakening consumer confidence
By Anna Ringstrom STOCKHOLM (Reuters) -Budget furniture giant IKEA reported record high annual sales on Thursday as price hikes and ea..
News
Britain’s Ofgem to urge public to reduce energy usage – FT
(Reuters) – Britain’s energy regulator Ofgem will on Thursday urge consumers to reduce their energy usage “where pos..
News
Holocaust survivor to oversee start of rightist Italian parliament
By Crispian Balmer ROME (Reuters) – Italy’s new parliament opens on Thursday, with a Holocaust survivor due to preside ove..
News
Sentiment in UK finance falls at fastest pace since 2019, survey
LONDON (Reuters) – Britain needs to restore stability to its finances to help reverse the fastest drop in financial sector senti..
News
Russian regulator says mobile operator MTS breached anti-monopoly laws
MOSCOW (Reuters) -Russia’s competition watchdog on Wednesday said leading telecoms company MTS violated anti-monopoly legislatio..
News
Game, set and match for PFS – 24-hour fulfilment order delivered for OnRunning at Laver Cup 2022
PFS, the premier eCommerce order fulfilment provider and business unit of PFSweb, Inc. (NASDAQ: PFSW), defied expectations this week w..
News
Solihull business ranked as one of UK’s Best Tech Employers
A fast-growing technology business based in the heart of Solihull is celebrating after being named as one of the UK’s Best Tech Employ..
Technology
How will modern technologies change the way of teaching in the future?
By Sue-Ellen Lamb, Head of School, Race Leys Junior School In 2021 weintroduced an innovative and high-tech method of prov..
Technology
New visa route to the UK for blocked overseas investors
By Nick Harding, Harding Media Overseas workers, investors and business owners denied access to the UK are taking advantag..
Business
Britain’s bond market turmoil
LONDON (Reuters) – British government borrowing costs hit a 20-year high on Wednesday after Bank of England Governor Andrew Bail..
News
Analysis – Turbulent UK bond market may force BoE’s hand again
By Dhara Ranasinghe and Harry Robertson LONDON (Reuters) – Bank of England Governor Andrew Bailey has been unequivocal: the cent..
News
EU seeks to break impasse over gas price caps, ‘no regret’ plan floated
By Kate Abnett and Robert Muller PRAGUE/BRUSSELS (Reuters) – The question of how, when and whether to cap gas prices loomed over..
News
Austria plans to bring budget deficit within 3% of GDP next year
VIENNA (Reuters) – Austria plans to bring its budget deficit within the European Union’s limit of 3% of gross domestic pro..
News
UK economy on brink of recession as it shrinks in August
By William Schomberg and Andy Bruce LONDON (Reuters) – Britain’s economy looks set to go into recession as data showed it ..
News
Swedish energy minister: need to decouple gas from electricity price
PRAGUE (Reuters) – The European Union needs to find a way to decouple gas and electricity prices, Swedish energy minister Khasha..
News
Mercedes-Benz and Microsoft collaborate on supply chain data platform
BERLIN (Reuters) – Mercedes-Benz and Microsoft announced a partnership on Wednesday using Microsoft Cloud for a data platform in..
News
Russian missiles hit 30% of Ukraine’s energy infrastructure in two days – minister
(Reuters) – Russia hit about 30% of Ukraine’s energy infrastructure in its missile attacks on Monday and Tuesday, Ukraine&..
News
EFG International says profitability improved in first nine months
ZURICH (Reuters) -EFG International said it had seen a “significant increase” in underlying net profit for the first nine ..
News
Twitter reviews policies around permanent user bans – FT
(Reuters) -Twitter Inc is reviewing its policies around permanently banning users, possibly bringing its content moderation in line wi..
News
Meta’s new Quest Pro headset, mixing real and virtual worlds, makes debut
By Katie Paul (Reuters) -Meta Platforms unveiled its Quest Pro virtual and mixed reality headset on Tuesday, marking a milestone for C..
News
Analysis-Fearing war in Xi’s next term, Taiwan bolsters defences
By Yimou Lee and Ben Blanchard TAIPEI (Reuters) – Taiwan is bolstering its defences and steeling itself for the possibility of w..
News
ECB’s Villeroy lays out plan for shrinking balance sheet
NEW YORK (Reuters) – The European Central Bank should start shrinking its balance sheet once its interest rate is close to 2%, f..
News
Caixabank proposes sector-wide freeze in variable mortgage costs, source says
MADRID (Reuters) – Caixabank, Spain’s biggest lender by domestic assets, has proposed a sector-wide measure to cushion the..
News
Germany’s SLM recommends shareholders accept Nikon takeover offer
(Reuters) – The board of German 3D metal printing machine maker SLM Solutions Group AG on Tuesday recommended that its sharehold..
News
Analysis-Fearing war in Xi’s next term, Taiwan bolsters defences
(Reuters) – The International Monetary Fund warned on Tuesday of a disorderly repricing in markets, saying global financial stab..
News
British pensions step up multi-billion-pound asset fire sale as need for cash soars
By Tommy Wilkes and Carolyn Cohn LONDON (Reuters) – UK pension schemes are racing to raise hundreds of billions of pounds to sho..
News
Germans told to unite over energy crisis amid EU divisions
By Rachel More and Paul Carrel BERLIN (Reuters) – Germany can weather a winter gas shortage caused by Russia’s war on Ukra..
News
Stocks tumble globally on raft of economic, political worries
By Sinéad Carew and Dhara Ranasinghe LONDON/NEW YORK (Reuters) – MSCI’s global index of stocks hit its lowest level in alm..
News
Sterling snaps four-day drop, but gilt-market havoc tempers gains
By Amanda Cooper LONDON (Reuters) -The pound snapped a four-day streak of losses on Tuesday in a volatile session, in which the Bank o..
News