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UK credit card borrowing rises by most since 2005 – BoE

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,..

Russia’s Ozon opens Turkish office to help consumer goods flow to home market

Russia’s Ozon opens Turkish office to help consumer goods flow to home market

MOSCOW (Reuters) – Russian e-commerce firm Ozon said on Tuesday it would open a local office in Turkey and make it easier for co..

China’s big cities, from Dalian to Shenzhen, ramp up COVID curbs

China’s big cities, from Dalian to Shenzhen, ramp up COVID curbs

BEIJING/SHENZHEN, China (Reuters) -Several of China’s biggest cities imposed tougher COVID-19 curbs on Tuesday, further crimping..

Britain’s bleak outlook sets sterling to downward spiral

Britain’s bleak outlook sets sterling to downward spiral

By Joice Alves LONDON (Reuters) – Sterling edged lower on Tuesday against the euro and was set for its biggest monthly fall agai..

France’s Iliad’s profits jump as sales grow, adapts to energy costs

France’s Iliad’s profits jump as sales grow, adapts to energy costs

By Valentine Baldassari (Reuters) -French telecoms firm Iliad reported higher half-year core earnings on Tuesday, driven by growth in ..

Baidu revenue contracts but beats estimates on cloud business growth

Baidu revenue contracts but beats estimates on cloud business growth

(Reuters) -China’s search engine giant Baidu Inc beat quarterly revenue estimates on Tuesday, underpinned by growth in its cloud..

Australia demands Apple, Meta, Microsoft share anti-abuse steps, threatens fines

Australia demands Apple, Meta, Microsoft share anti-abuse steps, threatens fines

By Byron Kaye SYDNEY (Reuters) – An Australian regulator sent legal letters to Facebook owner Meta Platforms, Apple Inc and Micr..

Goldman warns UK inflation could top 20% as recession nears

Goldman warns UK inflation could top 20% as recession nears

LONDON/HONG KONG (Reuters) -Inflation in Britain could exceed 20% early next year if spiralling gas prices fail to come down, economis..

Equinor, Wintershall Dea eye pipeline to capture CO2 under North Sea

Equinor, Wintershall Dea eye pipeline to capture CO2 under North Sea

OSLO (Reuters) – Equinor and Wintershall Dea will jointly develop carbon capture and storage projects, the oil firms said on Tue..

UK pubs warn of mass closures without state support on energy bills

UK pubs warn of mass closures without state support on energy bills

LONDON (Reuters) – Britain’s pub and brewing industry on Tuesday called on the government to outline an urgent support pac..

Spain August 12-month inflation slows to 10.4% YoY; oil gives a break

Spain August 12-month inflation slows to 10.4% YoY; oil gives a break

(Reuters) – Spanish domestic consumer prices have eased despite remaining high, mainly due to lower fuel prices against a rise i..

Less than 10% of German gas levy to go to firms that don’t need it, says Habeck

Less than 10% of German gas levy to go to firms that don’t need it, says Habeck

BERLIN (Reuters) – Only a small part of a gas levy on German consumers will benefit companies that are not in danger of a liquid..

Rouble firms in early Moscow trade, Russian stocks hit 2-month high

Rouble firms in early Moscow trade, Russian stocks hit 2-month high

(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) R..

Switzerland’s engineering sector urges country to start energy saving now

Switzerland’s engineering sector urges country to start energy saving now

ZURICH (Reuters) – Switzerland’s mechanical and electrical engineering sector said on Tuesday that businesses and househol..

Banks lift European bourses as rate hike, recession fears grow

Banks lift European bourses as rate hike, recession fears grow

By Anisha Sircar (Reuters) -European shares rose on Tuesday following a two-day slump as banking stocks boosted bourses on the back of..

O’Grady to return to Bank of Ireland as CEO – Irish Times

O’Grady to return to Bank of Ireland as CEO – Irish Times

DUBLIN (Reuters) – Bank of Ireland’s board has selected the group’s former chief financial officer Myles O’Gra..

Parched UAE turns to science to squeeze more rainfall from clouds

Parched UAE turns to science to squeeze more rainfall from clouds

By Abir Ahmar ABU DHABI (Reuters) – As a twin-turboprop aircraft takes off under the burning desert sun with dozens of salt cani..

Schlumberger, Subsea 7 and Aker Solutions to form subsea engineering firm

Schlumberger, Subsea 7 and Aker Solutions to form subsea engineering firm

OSLO (Reuters) – U.S. engineering firm Schlumberger and Norway’s Aker Solutions plan to merge their subsea oil and gas con..

Toyota’s July global vehicle output drops again, puts annual target in doubt

Toyota’s July global vehicle output drops again, puts annual target in doubt

(Reuters) -Toyota Motor Corp said on Tuesday its July global vehicle production had fallen 8.6% year-on-year, missing its target for t..

Rate fever propels dollar, wallops stocks and bonds

Rate fever propels dollar, wallops stocks and bonds

By Dhara Ranasinghe and Koh Gui Qing NEW YORK/LONDON (Reuters) – World stocks slumped on Monday as the growing risk of more aggr..

EEX markets to remain open as power prices soar – statement

EEX markets to remain open as power prices soar – statement

FRANKFURT (Reuters) – The European Energy Exchange said on Monday the bourse would remain open in its transparent price-setting ..

Dollar touches 20-year high, but kept in check by euro, as rates in focus

Dollar touches 20-year high, but kept in check by euro, as rates in focus

By John McCrank and Dhara Ranasinghe NEW YORK (Reuters) -The dollar touched a fresh 20-year high on Monday, fuelled by hawkish comment..

French PM tells firms to draft energy savings plans to avoid rationing

French PM tells firms to draft energy savings plans to avoid rationing

By Leigh Thomas PARIS (Reuters) -French Prime Minister Elisabeth Borne urged companies on Monday to draft energy savings plans by next..

Czechs seek EU price cap on gas-for-power as energy bills soar

Czechs seek EU price cap on gas-for-power as energy bills soar

By Jan Lopatka and Jason Hovet PRAGUE (Reuters) -The Czech Republic will convene an emergency meeting of European Union energy ministe..

Russia says economy to contract by less than 3% in 2022

Russia says economy to contract by less than 3% in 2022

MOSCOW (Reuters) -Russia’s economy will shrink by less than 3% in 2022, a much shallower contraction than initially expected, wh..

EEX markets to remain open as power prices soar – statement

EEX markets to remain open as power prices soar – statement

FRANKFURT (Reuters) – The European Energy Exchange said on Monday the bourse would remain open in its transparent price-setting ..

Stocks and bonds slump, dollar hot as rate fever takes hold

Stocks and bonds slump, dollar hot as rate fever takes hold

By Dhara Ranasinghe and Koh Gui Qing NEW YORK/LONDON (Reuters) – World stocks slumped on Monday as the growing risk of more aggr..

NASA postpones debut Artemis test flight of new moon rocket after engine snag

NASA postpones debut Artemis test flight of new moon rocket after engine snag

By Joey Roulette and Steve Gorman CAPE CANAVERAL, Fla. (Reuters) -An engine problem forced NASA on Monday to postpone for at least fou..

Germany’s energy bill spirals as Uniper seeks more cash

Germany’s energy bill spirals as Uniper seeks more cash

By Christoph Steitz FRANKFURT (Reuters) – Uniper requested more financial help from the German government on Monday, raising the..

Factbox-The EU’s future according to Scholz: Job-sharing commissioners and majority votes

Factbox-The EU’s future according to Scholz: Job-sharing commissioners and majority votes

PRAGUE (Reuters) – German Chancellor Olaf Scholz outlined his vision for the future of Europe on Monday in a speech at Prague..

Traders ramp up bets on 75 basis-point ECB Sept hike, bond yields jump

Traders ramp up bets on 75 basis-point ECB Sept hike, bond yields jump

By Yoruk Bahceli (Reuters) -Euro zone money markets moved on Monday to price in a two-thirds chance of a large 75 basis-point European..

Belgium supports energy price caps, suspending trading in EU power crunch

Belgium supports energy price caps, suspending trading in EU power crunch

BRUSSELS (Reuters) – Belgium has backed introducing price caps for European Union’s gas and electricity hubs, as well as s..

Dutch wind farm blows away opposition as ‘new millers’ get a stake

Dutch wind farm blows away opposition as ‘new millers’ get a stake

By Esther Verkaik ZEEWOLDE, Netherlands (Reuters) – Authorities in the Dutch city of Zeewolde have opened one of the countryR..

Oil rises on prospect of OPEC+ supply cut

Oil rises on prospect of OPEC+ supply cut

By Alex Lawler LONDON (Reuters) -Oil rose more than 1% on Monday, extending last week’s gain, as potential OPEC+ output cuts and..

Floods, other water-related disasters could cost global economy $5.6 trillion by 2050 -report

Floods, other water-related disasters could cost global economy $5.6 trillion by 2050 -report

By Gloria Dickie LONDON (Reuters) – Worsening droughts, storms and torrential rain in some of the world’s largest economie..

ECB should raise rates at steady pace, chief economist says

ECB should raise rates at steady pace, chief economist says

FRANKFURT (Reuters) -The European Central Bank should raise interest rates at a “steady pace” until the end of its hiking ..

EU may agree tightening visas for Russians, discuss training of Ukraine troops

EU may agree tightening visas for Russians, discuss training of Ukraine troops

By Jan Lopatka and Sabine Siebold PRAGUE (Reuters) -European Union foreign ministers, meeting in Prague on Tuesday and Wednesday, may ..