top-stories
Top Stories
Lanxess slashes profit outlook as demand recovery lags
Top Stories
Adobe’s $20 billion deal to acquire Figma under threat from EU regulators – FT
Top Stories
Japan’s Suzuki to make ‘flying cars’ with SkyDrive
Top Stories
‘Great Resignation’ continues as quarter of workers look to change jobs – PwC
EU electric vehicles risk 4.3 billion euro post-Brexit tariff cost – auto body
Date: June 20, 2023
EU electric vehicles risk 4.3 billion euro post-Brexit tariff cost – auto body BRUSSELS (Reuters) – Post-Brexit rules forcing European automakers to source more electric vehicle components from Britain or the EU could cost them up to 4.3 billion euros ($4.7 billion) in tariffs and hit output, a leading industry body said on Tuesday. Under...
UBS faces big penalty over Credit Suisse’s Archegos failings -FT
Date: June 20, 2023
UBS faces big penalty over Credit Suisse’s Archegos failings -FT (Reuters) – UBS Group AG faces hundreds of millions of dollars in penalties over Credit Suisse’s mishandling of Archegos Capital, after UK, Swiss and U.S. regulators completed their investigations, Financial Times reported on Monday. UBS has asked the U.S. Federal Reserve, the Swiss Financial Market...
UK high-sugar promotion ban delay angers health campaigners
Date: June 19, 2023
UK high-sugar promotion ban delay angers health campaigners LONDON (Reuters) -Britain’s decision to further delay rules banning multi-buy deals on food and drinks high in fat, salt, or sugar (HFSS) has dismayed health campaigners who say it will not help families trying to save money. The UK government said on Saturday that rules banning multi-buy...
Bank of England launches first sector-wide liquidity ‘stress test’
Date: June 19, 2023
Bank of England launches first sector-wide liquidity ‘stress test’ By Huw Jones LONDON (Reuters) -The Bank of England has launched its first system-wide liquidity ‘stress test’ to establish how big banks, insurers, clearing houses and investment funds respond collectively during extreme stresses in markets, it said on Monday. The BoE had said in December that...
Royal Mail’s largest union to resume vote on deal with postal company on June 22
Date: June 19, 2023
Royal Mail’s largest union to resume vote on deal with postal company on June 22 (Reuters) – The largest union of UK’s Royal Mail will resume voting on an agreement reached with the British postal firm on June 22, after updating its terms to focus on restoring the quality of services and increasing the one-off...
Stocks rally stalls, eyes Powell testimony for rate clues
Date: June 19, 2023
Stocks rally stalls, eyes Powell testimony for rate clues By Naomi Rovnick and Stella Qiu LONDON, SYDNEY (Reuters) -Global shares drifted on Monday, consolidating gains after hitting a 14-month high last week, as investors awaited testimony from U.S. Federal Reserve Chair Jerome Powell in markets that remain dominated by monetary policy bets. The MSCI’s broad...