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UK house prices rise by least since 2020 and fall in London – ONS
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Bank of Ireland says it has fixed glitch that sparked flurry of withdrawals
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General, health insurance help Aviva to H1 profit beat
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ESA chief sees Ariane 6 debut launch delayed to next year
UK inflation rate slows to 6.8% in July
Date: August 16, 2023
UK inflation rate slows to 6.8% in July LONDON (Reuters) – British annual consumer price inflation slowed to 6.8% in July, figures from the Office for National Statistics showed on Wednesday. Economists polled by Reuters had forecast that the CPI rate in the 12 months to July would drop to 6.8% from June’s 7.9%, moving...
Marketmind: Stock markets tense as China gloom builds
Date: August 16, 2023
Marketmind: Stock markets tense as China gloom builds A look at the day ahead in European and global markets from Brigid Riley China’s new home prices fell in June for the first time this year, adding to an alarming picture of the world’s second largest economy from a sector that has become a persistent source...
Norway wealth fund to firms: use AI, but do it responsibly
Date: August 16, 2023
Norway wealth fund to firms: use AI, but do it responsibly By Gwladys Fouche OSLO (Reuters) – Norway’s $1.4 trillion wealth fund, the world’s single largest stock market investor, is urging firms it invests in to engage with artificial intelligence as a way to drive profits, but to do so responsibly, top officials told Reuters....
UK lenders trial government-backed loans for risky borrowers
Date: August 15, 2023
UK lenders trial government-backed loans for risky borrowers By Martin Coulter and Muvija M LONDON (Reuters) – A handful of small UK commercial lenders are offering interest-free loans to high-risk borrowers, as part of a government-backed scheme to support people through the cost of living crisis. Over the course of a two-year pilot, the British...
Dollar falls after stronger-than-expected retail sales data, yuan falls to 9-month low
Date: August 15, 2023
Dollar falls after stronger-than-expected retail sales data, yuan falls to 9-month low By Hannah Lang, Joice Alves and Samuel Indyk WASHINGTON/LONDON (Reuters) – The dollar index was lower after data showed U.S. retail sales increased more than expected in July, while the yuan sank to a nine-month trough on Tuesday after China’s central bank unexpectedly...
Germany planning to raise amount of tax relief for firms: document
Date: August 15, 2023
Germany planning to raise amount of tax relief for firms: document BERLIN (Reuters) – The German government is planning to raise the amount of tax relief it will give to companies in a new draft law that could go to cabinet as early as Wednesday, according to a document seen by Reuters. Chancellor Olaf Scholz’s...