BoE’s Bailey says ‘big lessons’ to be learned from UK inflation surge
LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Tuesday the British central bank had “very big lessons to learn..
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Watchdog proposes first set of global rules for crypto sector
By Huw Jones LONDON (Reuters) -International securities watchdog IOSCO unveiled on Tuesday the first global approach to regulating cr..
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Denmark to boost healthcare with an extra $739 million per year
COPENHAGEN (Reuters) -Denmark will use stronger-than-expected economic growth to boost its healthcare system with an extra 5 billion ..
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Germany’s Lufthansa orders four Airbus planes
(Reuters) – German flagship carrier Lufthansa signed a contract to purchase four additional Airbus A350-900 long-haul planes, t..
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Drahi boosts stake in BT to 24.5%, will not make an offer
By Sarah Young LONDON (Reuters) -Billionaire Patrick Drahi has increased his stake in BT to 24.5% but reiterated that he does not pla..
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High inflation helps to swell UK budget deficit in April
By Andy Bruce LONDON (Reuters) -Britain borrowed more than expected in April as high inflation pushed the government’s debt int..
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Services drive acceleration in German business activity in May -flash PMI
BERLIN (Reuters) – German business activity expanded for a fourth month running in May, driven exclusively by a services sector..
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UK meat producer Cranswick’s full-year profit rises on strong demand
(Reuters) -Cranswick Plc on Tuesday reported a rise in full-year profit, as the British meat producer saw strong demand for gourmet m..
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Euro 7 emissions standard to cost many times EC forecasts -industry group
By Nick Carey LONDON (Reuters) – Proposed Euro 7 emissions regulations will lead to direct costs for auto manufacturers that ar..
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Julius Baer reports modest money inflows after slow start to 2023
ZURICH (Reuters) -Julius Baer reported on Tuesday a modest rise in assets under management and money inflows in the first four months..
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Cybersecurity challenges for IoT PKI and how to solve them
By Mike Hathaway, Chief Product Officer at Ascertia Every aspect of our lives has become connected through..
Technology
Dollar gains against yen as Fed policy, debt ceiling in focus
By Karen Brettell NEW YORK (Reuters) – The dollar rose against the Japanese yen on Monday, holding just below a six-month hig..
Trading
Concern over US default risk grips global markets as talks resume
By Chris Prentice and Nell Mackenzie NEW YORK/LONDON (Reuters) -Unease over how U.S. debt ceiling negotiations will pan out gripped g..
Finance
Meta fined $1.3 billion over data transfers to US – WSJ
(Reuters) – Facebook owner Meta Platforms Inc has been fined $1.3 billion by European Union privacy regulators for sending user..
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Britain chips away at NatWest stake with $1.6 billion share sale
By Iain Withers and Amy-Jo Crowley LONDON (Reuters) -British state-backed bank NatWest has agreed to buy 1.3 billion pounds ($1.6 bil..
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Explainer-How Wall Street is preparing for possible US debt default
By Davide Barbuscia and Pete Schroeder NEW YORK/WASHINGTON (Reuters) – As talks over raising the U.S. government’s $31.4 ..
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Markets edgy as US debt ceiling talks near crunch time
By Stella Qiu SYDNEY (Reuters) – Asian stocks and Wall Street futures struggled on Monday as U.S. debt ceiling negotiations app..
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Oil slips as U.S. debt caution offset supply concerns
By Florence Tan SINGAPORE (Reuters) -Oil prices slipped on Monday as caution around the U.S. debt ceiling talks and concerns about de..
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Dollar weakens after gains all week; debt deal hopes boost market sentiment
By Amanda Cooper and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) – The dollar fell on Friday after posting gains for mos..
Finance
Wall Street gains, Treasury yields rise as debt ceiling talks progress
NEW YORK (Reuters) – U.S. stocks were tentatively higher on Friday and benchmark Treasury yields extended their upward trajec..
Finance
Energy costs for most British households to fall 18% from July -Cornwall Insight
LONDON (Reuters) – Energy costs for most British households are expected to fall around 18% from July with regulator Ofgem pois..
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ECB needs to keep interest rates ‘sustainably high’ to combat inflation – Lagarde
By Jesús Aguado MADRID (Reuters) – The European Central Bank needs to keep interest rates high to curb inflation in the medium ..
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Oil rebounds on fading risk of U.S. debt default
By Noah Browning LONDON (Reuters) -Oil prices rebounded on Friday from losses of more than 1% the previous day as investors turned ca..
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Celebrating our exporting excellence
By UMi CEO, Nicki Clark OBE The Northern Powerhouse doesn’t get its name from just anywhere, this was a reflection of th..
Business
Siemens Energy close to selling stake in Windar Renovables – source
(Reuters) – Siemens Energy is close to striking a deal to sell Siemens Gamesa’s 32% stake in Windar Renovables, a source ..
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Allianz Trade Secures Seventh Consecutive Win as Best Trade Credit Insurance Company Asia Pacific at the 2023 Global Banking & Finance Awards®
Allianz Trade cements its leadership in Trade Credit Insurance, clinching top honors at the Global Banking & Finance Awards® 2023..
Industries
Stocks reach one-month high on U.S. debt ceiling hopes
By Naomi Rovnick and Ankur Banerjee LONDON, SINGAPORE (Reuters) -Global shares rose to a one-month high and the dollar trounced major..
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UK’s Nationwide to pay 340 million pounds to customers after profit leap
LONDON (Reuters) -British lender Nationwide will pay its customers 340 million pounds ($429 million) through payments to their curren..
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Japan’s inflation stays above BOJ’s target, key gauge hits four-decade high
By Takahiko Wada and Leika Kihara TOKYO (Reuters) -Japan’s core consumer inflation stayed well above the central bank’s 2..
News
Wall Street gains, dollar climbs on solid data, debt ceiling progress
By Stephen Culp NEW YORK (Reuters) -Wall Street turned higher and the dollar reached a seven-week peak on Thursday as discount retail..
Trading
Ripple buys crypto custody firm Metaco for $250 million
(This May 17 story has been corrected to clarify that the token is called XRP, not Ripple, in paragraph 9) By Elizabeth Howcroft LONDO..
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Burberry shares drop as weak US demand overshadows China rebound
By Suban Abdulla LONDON (Reuters) -British luxury fashion brand Burberry on Thursday reported stronger-than-expected fourth quarter s..
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Aston Martin stock soars after $295 million on Geely investment
(Reuters) -Aston Martin’s stock popped nearly 22% on Thursday, after the luxury carmaker announced a 234 million pound investme..
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Japanese businesses pledge UK investment ahead of Sunak meeting
LONDON (Reuters) – Japanese businesses have committed to invest almost 18 billion pounds ($23 billion) in Britain ahead of a me..
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Australia’s push for faster EV uptake will be slow to charge
(This May 17 story has been corrected to say the rollout of chargers started small due to grid issues, not scaled back due to grid is..
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Credit Suisse bond wipe-out will not trigger credit insurance payout
LONDON (Reuters) -Holders of credit insurance linked to Credit Suisse bonds will not get a payout after a committee that adjudicates o..
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Southern Europe braces for climate change-fuelled summer of drought
By Kate Abnett BRUSSELS (Reuters) -Southern Europe is bracing for a summer of ferocious drought, with some regions already suffering ..
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