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‘A crane, for God’s sake’: Inside the struggles of Turkey’s earthquake response
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France leans on retailers to help consumers cope with food prices
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Orpea shares jump on Q4 revenue and cash boost
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Be ‘really, really careful’ on inflation – Bank of England’s Haskel
German economy expected to grow modestly in 2023 – European Commission
Date: February 13, 2023
BERLIN (Reuters) – The German economy will grow slightly this year, the European Commission said Monday, revising upwards its previous forecast for a 0.6% contraction. In its winter forecasts, the European Commision envisages 0.2% GDP growth for Europe’s biggest economy in 2023, more than it expected in autumn due to the easing of energy prices...
Nissan, Renault to invest $600 million to make 6 new models in India
Date: February 13, 2023
TOKYO (Reuters) -Nissan Motor Co and Renault SA said on Monday they would invest $600 million to make six new models in India, one of three markets in which the two automakers plan to coordinate closely in a revamped alliance announced last week. The move will help address falling market shares for the Japanese and...
Oil falls on demand worry as Fed ‘make or break moment’ approaches
Date: February 13, 2023
By Florence Tan and Emily Chow SINGAPORE (Reuters) -Oil prices eased around 1% on Monday after rising in the previous session, as investors focused on short-term demand concerns stemming from crucial upcoming U.S. inflation data and refinery maintenance in Asia and the United States. Brent crude futures fell 86 cents, or 1%, to $85.53 a...
Shares steady, dollar gains ahead of U.S. inflation data
Date: February 13, 2023
By Wayne Cole and Amanda Cooper LONDON/SYDNEY (Reuters) – Global shares steadied, while the dollar rose on Monday, ahead of U.S. inflation data that could define the outlook for global interest rates, while news that the U.S. air force had shot down another airborne object created some geopolitical uncertainty. Officials declined to say whether this...
UK firms plan biggest pay rises since 2012 to fill staff gaps
Date: February 13, 2023
By Suban Abdulla LONDON (Reuters) – British employers expect to raise wages for their staff by the most in at least 11 years but the 5% pay deals for workers would still fall well below expected inflation, a survey published on Monday showed. With the Bank of England fearing the surge in inflation could be...
Cyprus politician Christodoulides wins presidential vote
Date: February 13, 2023
By Michele Kambas NICOSIA (Reuters) – Former Cypriot foreign minister Nikos Christodoulides was elected president on Sunday in a runoff vote, promising a unity government tasked with breaking a deadlock in peace talks with estranged Turkish Cypriots. Official results showed Christodoulides, 49, taking 51.9% of the vote, compared with runoff rival Andreas Mavroyiannis, 66, who...