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Lindt’s pralines sweeten 2023 sales despite cocoa costs
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Dollar hits one-month high as Fed rate-cut outlook eases
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Wall St dips, dollar, US yields rise on rate outlook jitters
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Tech layoffs continue after ‘Year of Efficiency’
Poland plans to set end date for coal power
Date: January 15, 2024
Poland plans to set end date for coal power By Kate Abnett BRUSSELS (Reuters) – Poland plans to set an end date for coal-fuelled power, the country’s Secretary of State for Climate Urszula Zielinska said on Monday, marking a shift from the previous government’s stance on climate change. Poland’s October 2023 election ended eight years...
As Davos crowd gathers, governments urged to rein in ‘billionaire class’
Date: January 15, 2024
As Davos crowd gathers, governments urged to rein in ‘billionaire class’ By Mark John (Reuters) – The combined fortunes of the world’s five richest men have more than doubled to $869 billion since 2020 while five billion people have been made poorer, anti-poverty group Oxfam said. An Oxfam report, which comes as business elites gather...
Iceland volcano recedes after ‘black day’ of town fires
Date: January 15, 2024
Iceland volcano recedes after ‘black day’ of town fires REYKJAVIK (Reuters) – A volcano that erupted in southwest Iceland for the second time in less than a month appeared to be significantly less active on Monday despite indications of magma still flowing underground. “A black day” read the front page headline of Icelandic daily Morgunbladid...
Red Sea trade disruption hits energy sector after strikes on Houthis
Date: January 15, 2024
Red Sea trade disruption hits energy sector after strikes on Houthis By Andrew Mills and Robert Harvey DOHA/LONDON (Reuters) -Qatar suspended liquefied natural gas (LNG) shipments via the Red Sea and six more oil tankers changed direction as disruption to the crucial trade route extended to the energy sector after U.S.-led strikes against Houthi militants....
Dollar little changed on MLK Day, sterling slides in risk-off trading
Date: January 15, 2024
Dollar little changed on MLK Day, sterling slides in risk-off trading By Joice Alves LONDON (Reuters) -The dollar was little changed on Monday in cautious during a U.S. public holiday, while risk-sensitive sterling slid ahead of a busy week for UK economic data. The dollar index, measuring the U.S. currency against six peers, was up...
There’s no more money, German minister tells rowdy farmers
Date: January 15, 2024
There’s no more money, German minister tells rowdy farmers By Thomas Escritt BERLIN (Reuters) – Germany’s Finance Minister Christian Lindner took to thestage on Monday in front of thousands of jeering farmers protesting against tax rises and told them there was no money for further subsidies. Berlin has been brought to a near standstill by...