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In Olympics race, Adidas pursues edge in new sports
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Stocks gain, Treasury yields climb after US payrolls report
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Stalled talks resume on EU’s AI Act, biometric surveillance targeted
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Azerbaijan tipped to host COP29 climate talks
Many German employees still face real wage losses in 2023 – WSI
Date: December 7, 2023
Many German employees still face real wage losses in 2023 – WSI BERLIN (Reuters) – Despite falling inflation and rising collectively agreed wages, many Germans face a reduction in spending power this year, data from the Institute of Economic and Social Research (WSI) of the Hans Boeckler Foundation showed on Thursday. Collectively agreed wages will...
UK’s hot labour market shows sign of cooling: Indeed data
Date: December 7, 2023
UK’s hot labour market shows sign of cooling: Indeed data By David Milliken LONDON (Reuters) – Britain’s labour market remains tight, despite a fall in job postings by employers over the course of 2023 and broader weakness in the economy, figures from recruitment platform Indeed showed on Thursday. At the start of December last year,...
Euro sags, yen jumps as investors bet on BOJ shift
Date: December 7, 2023
Euro sags, yen jumps as investors bet on BOJ shift By Amanda Cooper LONDON (Reuters) -The euro grazed a three-week low on Thursday, driven by mounting expectations that the European Central Bank (ECB) may cut rates as early as March, while the prospect of a shift in Japanese policy gave the yen its biggest one-day...
How electric vehicles are accelerating the end of the oil age
Date: December 6, 2023
How electric vehicles are accelerating the end of the oil age By Laura Sanicola (Reuters) – There is plenty of hand-wringing on display at the COP28 climate conference in Dubai about the slow pace of reducing the consumption of fossil fuels to fight climate change. But one positive that delegates can point to is the...
EU scientists say 2023 will be warmest year on record globally
Date: December 6, 2023
EU scientists say 2023 will be warmest year on record globally (Reuters) -European Union scientists said on Wednesday that 2023 would be the warmest year on record, as global mean temperature for the first 11 months of the year hit the highest level on record, 1.46 degrees Celsius (2.63 degrees Fahrenheit) above the 1850-1900 average....
Analysis-China turbo-charges cobalt mine output despite price crash
Date: December 6, 2023
Analysis-China turbo-charges cobalt mine output despite price crash By Eric Onstad LONDON (Reuters) – Chinese-owned companies are aggressively expanding cobalt mining in Congo and Indonesia even while prices crash, as they bid to raise market share of the metal used in batteries for the country’s electric vehicle (EV) industry. Chinese cobalt producers have seemed unfazed...