By Stine Jacobsen COPENHAGEN (Reuters) – Swedish fashion giant H&M on Wednesday became the first big European retailer to start laying off staff in response to the cost of living crisis desp[...]
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Europe
Germany trying to find amicable agreement with U.S. on inflation act
BERLIN (Reuters) – Germany and its European Union partners are trying to find an amicable agreement with the United States on how to deal with the effects of the U.S Inflation Reduction Act on t[...]
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Citi expects global growth to slow below 2% in 2023
(Corrects paragraph five to say “expects year-on-year U.S. inflation at 4.1% next year”, not 4.8%) (Reuters) -Citigroup on Wednesday forecast global growth to slow to below 2% next year, e[...]
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Venezuelan oil exports flow using false documents, ships linked to Iran
By Marianna Parraga and Jonathan Saul HOUSTON/LONDON (Reuters) – When the supertanker Young Yong sailed to the Chinese port of Qingdao in September last year, it had quality certificates for its[...]
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Antitrust authority rejects Canal’s claim in Amazon French soccer rights row
PARIS (Reuters) – France’s antitrust authority said on Wednesday it has rejected a claim by pay TV channel Canal Plus and beIN Sports that the French football professional league (LFP) abu[...]
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OPEC+ switch to virtual meeting signals policy roll-over ahead of Russian oil price cap – sources
By Maha El Dahan, Alex Lawler and Ahmad Ghaddar DUBAI/LONDON (Reuters) – The OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change, sources told Reuter[...]
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HSBC to close 114 branches in Britain from April 2023
LONDON (Reuters) – HSBC will close 114 branches in Britain from April 2023, the British lender said on Wednesday, the latest in a string of such announcements by retail banks in the country as t[...]
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Marketmind: Uneasy Chair
A look at the day ahead in U.S. and global markets from Mike Dolan. Even as disinflation takes hold and recession looms, Federal Reserve Chair Jerome Powell may have to deliver another uncomfortable m[...]
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UBS not seeking to benefit from crisis at Credit Suisse- chair
ZURICH (Reuters) -UBS is not actively benefiting from the crisis at rival Credit Suisse, UBS Chairman Colm Kelleher told a Financial Times banking conference on Wednesday. Credit Suisse has reported s[...]
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