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BoE’s Haskel says rate cuts should be ‘a long way off’, FT reports
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Analysis-Foreign firms’ losses from exiting Russia top $107 billion
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Climate change, AI in focus at Commonwealth’s Oct meet in Samoa
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UK homeowners and businesses resilient to high interest rates, BoE says
Analysis – Europe’s gas stocks point to healthy supply next winter
Date: March 27, 2024
Analysis – Europe’s gas stocks point to healthy supply next winter By Susanna Twidale, Marwa Rashad and Nina Chestney LONDON (Reuters) – The European Union will have plenty of gas in stock next winter and the remaining buyers of Russian pipeline gas in central Europe are working on alternative imports in case transit via Ukraine...
Factbox-European companies cut jobs as economy sputters
Date: March 27, 2024
Factbox-European companies cut jobs as economy sputters (Reuters) – The highest inflation for decades and the impact of the war in Ukraine have forced companies across Europe into layoffs or hiring freezes. Here are some cuts announced since December: AUTOS * BOSCH: the automotive supplier on Jan. 18 said it would cut 1,200 jobs in...
Ferrari to expand cooperation with battery supplier SK On
Date: March 27, 2024
Ferrari to expand cooperation with battery supplier SK On MILAN (Reuters) – Luxury sports car manufacturer Ferrari has entered a preliminary agreement with its electric-vehicle (EV) battery supplier SK On on further expansion of their cooperation. South Korea’s SK On has been supplying battery cells for Ferrari models since 2019, including for the SF90 Stradale,...
Shares edge higher; yen’s drop to 1990 low lifts Nikkei
Date: March 27, 2024
Shares edge higher; yen’s drop to 1990 low lifts Nikkei By Kevin Buckland and Amanda Cooper LONDON/TOKYO (Reuters) – Global shares rose on Wednesday, nudged higher by a rally in Japanese stocks as the yen sagged to its weakest since 1990, while the dollar held mostly steady in a holiday-shortened week that ends with a...
Olympics-Parisians get ready to leave city with rental cash in pocket
Date: March 27, 2024
Olympics-Parisians get ready to leave city with rental cash in pocket PARIS (Reuters) – Like many Parisians, Martin Cassan will be heading the other way when the tidal wave of Olympics visitors hits the French capital in late July, taking the opportunity to make some extra cash by renting out his apartment. Tucked just under...
AI and Automation: The Digital Differentiator for Life Insurers
Date: March 27, 2024
AI and Automation: The Digital Differentiator for Life Insurers By Truong Hoang Phuc, Director of Financial Services Group, FPT Software Technology invasion in the insurance realm is driving radical changes, shifting the industry to a new era of efficiency and customer-centric services. According to a recent study by McKinsey, the greatest impact is likely to come...