top-stories
Top Stories
FEATURE-Nigeria’s women shopkeepers forced to scale back as prices soar
Top Stories
Analysis-Even with sanctions, Russia can afford to feed its war machine
Top Stories
UK jobless rate lowest since 2019, but inflation eats into pay
Top Stories
Sri Lanka unilaterally suspends external debt payments, says needs money for essentials
EasyJet says high crew absence not yet improving
Date: April 12, 2022
By Paul Sandle LONDON (Reuters) – EasyJet said it was yet to see an easing of crew sickness that is causing it to cancel flights and disrupt the Easter plans of thousands of travellers, but it was confident it would be able to return to a near pre-pandemic schedule this summer. The British low-cost carrier...
Banks drag European stocks lower ahead of U.S. inflation data
Date: April 12, 2022
By Sruthi Shankar (Reuters) -European shares fell on Tuesday to their lowest in nearly a week as Deutsche Bank and Commerzbank slumped after a big stake sale, while investors awaited U.S. inflation data that could spur bets of bigger interest rate hikes. The pan-European STOXX 600 index fell 0.9%, with banks the worst hit. Deutsche...
Inflation clouds ASOS’s hopes for brighter second half
Date: April 12, 2022
By James Davey LONDON (Reuters) -Supply chain snags hammered first-half profit at ASOS and the British online fashion retailer warned its expectations for a much better second half could be disrupted by surging inflation. Shares in the company, which sells fast-fashion aimed at 20-somethings, dropped as much as 6% in early Tuesday trading after it...
British shares fall after jobs data, Rolls-Royce top FTSE 100 loser
Date: April 12, 2022
By Devik Jain (Reuters) -London’s FTSE 100 fell on Tuesday as data showed some signs of reduced demand for labour, with healthcare and consumer staples stocks weighing the most, while Rolls-Royce dropped to the bottom of the blue-chip index on brokerage action. The FTSE 100 dropped 0.9%, with Unilever, Diageo, HSBC Holdings and AstraZeneca down...
Deliveroo warns of slower consumer spending after posting 12% rise in order value
Date: April 12, 2022
By Aby Jose Koilparambil (Reuters) – Britain’s Deliveroo said on Tuesday that consumer spending could slow for the remainder of the year after the food delivery firm reported higher order values for the first quarter. The warning comes as Europeans face a cost-of-living squeeze due to higher energy bills and soaring inflation, exacerbated by the...
Euro zone banks to tighten corporate credit access on war fears: ECB
Date: April 12, 2022
FRANKFURT (Reuters) -Euro zone banks plan to sharply tighten access to corporate credit in the second quarter as the war in Ukraine weighs on the outlook and cuts deep into their risk tolerance, a European Central Bank survey showed on Tuesday. As the war drags on and inflation soars, policymakers have become increasingly concerned that...