Top Stories
Top Stories
Sterling rises as receding bank sector worries lift sentiment
Top Stories
UK’s Ofcom delays BT fibre pricing decision after CEO remarks
Top Stories
What is Generative AI, the technology behind OpenAI’s ChatGPT?
Top Stories
Farming and tourism under threat as winter drought dries up France’s Lake Montbel
Volkswagen to invest in mines in bid to become global battery supplier
Date: March 17, 2023
By Victoria Waldersee BERLIN (Reuters) -Volkswagen plans to invest in mines to bring down the cost of battery cells, meet half of its own demand and sell to third-party customers, the carmaker’s board member in charge of technology said. Its strategy aligns with a wider trend of carmakers seeking greater control over parts of the...
Euro zone inflation eases in Feb but core prices pick up
Date: March 17, 2023
FRANKFURT (Reuters) – Euro zone inflation eased a touch in February but underlying price growth continued to accelerate on a surge in services costs, the EU’s statistics agency Eurostat said on Friday, confirming preliminary data released earlier this month. Consumer price inflation in the 20 countries sharing the euro currency eased to 8.5% in February...
Greece to increase minimum wage again, before election
Date: March 17, 2023
ATHENS (Reuters) – The Greek government will raise the minimum wage next month, the third rise in more than a year, Prime Minister Kyriakos Mitsotakis said on Friday, months before its term ends. Mitsotakis’ conservative government, whose four-year term ends in July, raised the monthly gross minimum wage twice last year to 713 euros as...
ECB’s Villeroy: rate hike signals strong confidence in European banks
Date: March 17, 2023
PARIS (Reuters) – The European Central Bank’s decision to raise interest rates by half a point on Thursday reflects the central bank’s priority of fighting inflation and also signals strong confidence in the solidity of European banks, French ECB policymaker Francois Villeroy de Galhau said on Friday. “French and European banks are very solid,” Villeroy,...
Cricket-Former Australia captain Paine retires from first-class cricket
Date: March 17, 2023
MELBOURNE (Reuters) – Former Australia test captain Tim Paine ended his cricket career on Friday after Tasmania’s Sheffield Shield match against Queensland ended in a draw at the Bellerive Oval. Wicketkeeper Paine played 35 tests for Australia, including 23 as skipper after Steve Smith was stripped of the role following a ball-tampering scandal during the...
Oil rises on demand hopes as banking crisis fears subside
Date: March 17, 2023
By Florence Tan and Trixie Sher Li Yap SINGAPORE (Reuters) – Oil prices firmed on Friday after a meeting between Saudi Arabia and Russia calmed markets amid strong China demand expectations, but were headed for their biggest weekly falls since December as a banking crisis rocked global financial and oil markets. Brent crude futures firmed...