top-stories
Top Stories
Goldilocks meets Santa as global stocks power to best month in three years
Top Stories
Henry Kissinger, American diplomat and Nobel winner, dead at 100
Top Stories
COP28 summit opens with hopes for early deal on climate damage fund
Top Stories
UK health insurance rates to soar on surging claims-industry experts
UBS sees shift in new billionaires away from entrepreneurs to inherited wealth
Date: November 30, 2023
UBS sees shift in new billionaires away from entrepreneurs to inherited wealth ZURICH (Reuters) – Billionaires increased in numbers and overall wealth last year, Swiss bank UBS said on Thursday, with the fortunes inherited by the newly-minted super-rich exceeding cash generated by self-made billionaires for the first time in years. The number of billionaires rose...
Public investors with $4.3 trln are down on China but in on net zero
Date: November 30, 2023
Public investors with $4.3 trln are down on China but in on net zero By Libby George and Bansari Mayur Kamdar LONDON (Reuters) – Public pension and sovereign wealth funds managing $4.3 trillion in assets are pessimistic about investing in China, but keen to cut net emissions of their portfolios, according to a survey by...
Global growth to slow but avoid a hard landing -OECD
Date: November 29, 2023
Global growth to slow but avoid a hard landing -OECD By Leigh Thomas PARIS (Reuters) -The global economy will slow slightly next year but the risk of a hard landing has subsided despite high levels of debt and uncertainty over interest rates, the Organisation for Economic Cooperation and Development said on Wednesday. Global growth is...
UK regulator to review supermarket loyalty scheme prices
Date: November 29, 2023
UK regulator to review supermarket loyalty scheme prices By James Davey LONDON (Reuters) -Britain’s antitrust regulator is launching a review of loyalty scheme pricing by supermarkets, such as Tesco’s Clubcard and Sainsbury’s Nectar, to consider whether it is fair that cheaper prices are available only to members. Loyalty schemes have proved hugely successful for the...
UK’s FTSE 100 lags regional peers as banks, insurers fall
Date: November 29, 2023
UK’s FTSE 100 lags regional peers as banks, insurers fall By Shashwat Chauhan (Reuters) -UK’s FTSE 100 slipped on Wednesday, lagging other regional markets in Europe after hawkish comments from the Bank of England Governor Andrew Bailey, while insurance heavyweights Aviva and Prudential fell following bearish brokerage comments. The blue-chip FTSE 100 index dipped 0.1%,...
OECD says UK needs tougher fiscal policy amid tax cut talk
Date: November 29, 2023
OECD says UK needs tougher fiscal policy amid tax cut talk By Suban Abdulla LONDON (Reuters) – Britain’s government should tighten its budgetary belt, the OECD said on Wednesday, advice that is unlikely to be welcomed by Prime Minister Rishi Sunak who is expected to cut taxes again before a 2024 election. A week after...