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Gucci’s challenge: reigniting heat while boosting timeless appeal
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Philips to cut 13% of jobs in safety and profitability drive
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Nissan and Renault agree to overhaul alliance, this time as equals
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EU recovers appetite for trade in green industry push
Euro zone economic sentiment rises in January to seven-month high
Date: January 30, 2023
BRUSSELS (Reuters) -Euro zone economic sentiment rose to a seven-month high in January on more optimism across all sectors except construction, with inflation expectations among consumers and companies both sharply down, data showed on Monday. The European Commission’s Economic Sentiment Index (ESI) rose to 99.9 this month, above an upwardly revised 97.1 in December —...
Shares and bonds nervy as rate-hike week looms
Date: January 30, 2023
By Lawrence White LONDON (Reuters) – Stock markets worldwide halted their January rally on Monday, pausing for breath at the start of an agenda-setting week of central bank rate hikes and data releases that will clarify if progress has been made in the battle against inflation. Investors expect the Federal Reserve will raise rates by...
Euro rises after Spanish CPI, dollar slips towards 8-mth low
Date: January 30, 2023
By Samuel Indyk and Rae Wee LONDON (Reuters) – The euro rose on Monday after unexpectedly high Spanish inflation data raised expectations for a higher euro area print on Wednesday, while the dollar languished near an eight-month low ahead of a slew of central bank meetings this week. The euro climbed 0.2% to $1.0891 after...
Sterling steadies vs dollar ahead of BoE, ECB meetings
Date: January 30, 2023
By Joice Alves LONDON (Reuters) – Sterling edged lower against the U.S. dollar on Monday ahead of a number of central bank meetings this week including the Bank of England’s, which is expected to hike rates for the 10th consecutive time. The BoE looks on course for its first rate rise this year, with markets...
The mouse that roared: New Zealand and the world’s 2% inflation target
Date: January 30, 2023
By Lucy Craymer WELLINGTON, New Zealand (Reuters) – More than 30 years ago, some relatively youthful central bank and Treasury economists in New Zealand were grappling with how to bring two decades of double-digit inflation under control in an economy less than 1% the size of its U.S. counterpart. What if, they asked, they just...
Virtual reality brings Holocaust history to future generations
Date: January 27, 2023
JERUSALEM (Reuters) – For those who survived the Holocaust, the memories can never be erased, but their generation is dying out. Educators and historians are looking for new ways to keep their experience alive and connect to younger people. With the film “Triumph of the Spirit”, seen through a virtual reality headset, viewers find themselves...