By William Schomberg and David Milliken LONDON (Reuters) – British finance minister Jeremy Hunt says higher taxes and curbs on spending are the price that must be paid to allow the economy to gr[...]
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Europe
European refiners oversupplied as oil shortage fears subside
By Julia Payne and Ahmad Ghaddar LONDON (Reuters) – European refiners have found themselves oversupplied with crude as an expected shortage owing to the looming EU ban on Russian oil has yet to[...]
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ECB must raise rates decisively; let bonds expire from start of 2023, Nagel says
FRANKFURT (Reuters) – The European Central Bank must continue to raise interest rates decisively and should start letting its oversized holding of government debt expire from the start of 2023,[...]
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Germany watching developments at Twitter with growing concern
BERLIN (Reuters) – The German government is watching developments at Twitter with growing concern, a government spokesperson said on Friday. “Of course, we are observing this with great in[...]
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As recession bites, Tesco offers UK staff pay advance
By James Davey and Sarah Young LONDON (Reuters) – Tesco, one of Britain’s largest private-sector employers, is offering its staff advances on their pay in the latest sign of the distress a[...]
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ECB begins great cash mop-up as banks repay 296 billion euros of loans
By Francesco Canepa FRANKFURT (Reuters) -Euro zone banks are set to repay nearly 300 billion euros ($310 billion) in loans to the European Central Bank next week, the ECB said on Friday, the biggest c[...]
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Dassault, Airbus reach deal to move to next phase of FCAS warplane project – French govt source
PARIS (Reuters) – Airbus and Dassault have found a deal to move to the next phase of the FCAS Franco-German warplane project, a French government source said on Friday. “That’s what[...]
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Marketmind: Cat, mouse and 5%
A look at the day ahead in U.S. and global markets from Mike Dolan. The cat-and-mouse game between the Fed and financial markets has intensified around 5% peak interest rates next year as next week[...]
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Factbox-Advertisers react to Twitter’s new ownership
(Reuters) – Advertisers are grappling with Twitter’s new ownership under Tesla boss Elon Musk, who once tweeted “I hate advertising”. Below are reactions from some of the compa[...]
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