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Markets outpace central banks as rate cut bets fuel ‘everything rally’
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How the world agreed to move away from fossil fuels at COP28
Italian food historian cooks up carbonara controversy
Date: December 14, 2023
Italian food historian cooks up carbonara controversy By Francesca Piscioneri ROME (Reuters) – Food is a serious business in Italy, part of the national identity, as illustrated by a row that has broken out over how to make carbonara pasta sauce. Luca Cesari, a food historian and author from Bologna, faced a stream of online...
Air France-KLM raises medium-term profit goal, shares rise
Date: December 14, 2023
Air France-KLM raises medium-term profit goal, shares rise By Joanna Plucinska and Tim Hepher (Reuters) -Air France-KLM raised a medium-term profitability goal and sped up transformation efforts, promising investors a 2-billion-euro ($2.2 billion) improvement in core profit within five years and sending its shares soaring on Thursday. The Franco-Dutch airline group, which faces intense competition...
Major central banks hold rates steady as markets eye rapid cuts
Date: December 14, 2023
Major central banks hold rates steady as markets eye rapid cuts LONDON (Reuters) – Markets think it’s all over. After a lengthy and historic monetary tightening campaign to battle high inflation, major central banks are keeping high interest rates steady for now as traders price in rapid cuts ahead. U.S. Federal Reserve chair Jerome Powell,...
Instant view: BoE keeps interest rates at 15-year high, says rates to stay high
Date: December 14, 2023
Instant view: BoE keeps interest rates at 15-year high, says rates to stay high LONDON (Reuters) – The Bank of England kept its key interest rate at a 15-year high of 5.25% on Thursday and said British interest rates needed to stay high for ‘an extended period.’ That prompted a retracement higher in government bond...
EU risks losing ground in EVs without strong industry strategy – ACEA
Date: December 14, 2023
EU risks losing ground in EVs without strong industry strategy – ACEA BERLIN (Reuters) – Europe’s electric vehicle (EV) sector risks falling behind without a robust EU industrial strategy, autos group ACEA said on Thursday citing new report findings, amid China’s dominance of the supply chain and U.S. incentives for its automakers. A new report...
German institutes cut 2024 GDP forecast on uncertainty
Date: December 14, 2023
German institutes cut 2024 GDP forecast on uncertainty BERLIN (Reuters) – Three leading German economic institutes cut their 2024 economic growth forecasts on Thursday, saying consumer and company uncertainty, exacerbated by a weeks-long government budget crisis, was delaying recovery. The Ifo, RWI and DIW institutes all cut their forecasts by between 0.3 and 0.6 percentage...