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UK wage growth cools slightly but stays near record
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ECB to hold rates through mid-2024 despite stalling economy – Reuters poll
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Cryptoverse: Bitcoin miners make money ahead of ‘halving’
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Automakers’ drive to avoid China’s EV rare earth dominance gathers speed
Strong pay growth in UK spreads to public sector, survey shows
Date: November 13, 2023
Strong pay growth in UK spreads to public sector, survey shows LONDON (Reuters) – Strong pay growth in Britain’s private sector will be matched in the public sector in the year ahead, according to a survey which showed no sign of an easing of inflationary heat in the jobs market. The Chartered Institute of Personnel...
Britain’s Global Investment Summit draws top banking bosses
Date: November 13, 2023
Britain’s Global Investment Summit draws top banking bosses LONDON (Reuters) – JP Morgan’s Jamie Dimon and Goldman Sachs’ David Solomon will attend Britain’s Global Investment Summit on Nov. 27, the government said on Monday, as it seeks to attract greater global capital to UK companies and markets. Blackstone Chief Executive Stephen Schwarzman is also expected...
Climate change likely to boost inflation, Bank of England’s Mann says
Date: November 13, 2023
Climate change likely to boost inflation, Bank of England’s Mann says By David Milliken LONDON (Reuters) – Climate change and countries’ different approaches to combat it are likely boost inflation and have other economic impacts that are directly relevant to central bank rate-setters, Bank of England policymaker Catherine Mann said on Monday. “The research here...
Analysis-Electric car demand set to stall in Europe’s ‘valley of death’
Date: November 13, 2023
Analysis-Electric car demand set to stall in Europe’s ‘valley of death’ By Victoria Waldersee and Nick Carey BERLIN/LONDON (Reuters) – After years of accelerating growth, Europe’s electric car sales appear to be entering a go-slow zone as drivers wait for better, cheaper models that are two to three years down the road. Fully-electric sales in...
European stocks climb as yen slumps to one-year low
Date: November 13, 2023
European stocks climb as yen slumps to one-year low By Nell Mackenzie and Kevin Buckland LONDON/TOKYO (Reuters) -European stocks started on a strong footing on Monday after Wall Street’s positive close on Friday, with focus turning to U.S. inflation data for more clues on whether interest rates have peaked. MSCI’s gauge of global equities rose...
Payments app Zelle begins refunds for imposter scams after Washington pressure
Date: November 13, 2023
Payments app Zelle begins refunds for imposter scams after Washington pressure By Hannah Lang (Reuters) – Banks on the payment app Zelle have begun refunding victims of imposter scams to address consumer protection concerns raised by U.S. lawmakers and the federal consumer watchdog, in a major policy change. The 2,100 financial firms on Zelle, a...