Top Stories
Top Stories
Italy’s Nexi signs digital payments deal with TIM’s Olivetti
Top Stories
Belgian court decides to keep EU corruption case suspect in detention
Top Stories
European shares end higher on China recovery optimism
Top Stories
Oil hits 3-week high as China eases COVID curbs
UK retailers see 40% jump in Boxing Day shoppers -Springboard
Date: December 27, 2022
LONDON (Reuters) – UK retail destinations enjoyed an almost 40% rise in shopper numbers on Monday after the first Christmas in three years with without pandemic restrictions, data compiled by Springboard showed on Tuesday. Footfall at UK retail centres on Dec. 26 — known as Boxing Day in the UK and a key date for...
Dollar slips as investors take heart from looser China COVID rules
Date: December 27, 2022
By Amanda Cooper LONDON (Reuters) – The dollar fell on Tuesday after China said it would scrap its COVID-19 quarantine rule for inbound travellers – a major step in reopening its borders that boosted risk-related currencies such as the New Zealand and Australian dollars. China will stop requiring inbound travellers to go into quarantine on...
India makes inroads into Sri Lanka under China’s long shadow
Date: December 27, 2022
By Uditha Jayasinghe and Devjyot Ghoshal COLOMBO/NEW DELHI (Reuters) – When Sri Lanka slid into its worst economic crisis in seven decades leading to deadly riots and alarming shortages of fuel, food and medicines earlier this year, its giant northern neighbour stepped into the breach. India provided about $4 billion in rapid assistance between January...
German businesses expect only mild recession as disruptions ease
Date: December 27, 2022
BERLIN (Reuters) – German companies expect only a mild recession next year despite headwinds from the energy crisis, raw material shortages and a tepid global economy, a survey of major associations published by Reuters on Tuesday showed. “The last quarter of 2022 and the start of 2023 are likely to be accompanied by a decline...
Oil prices rise as China eases COVID curbs, U.S. storm fuels supply worries
Date: December 27, 2022
By Isabel Kua SINGAPORE (Reuters) -Oil prices rose to three-week highs on Tuesday as China’s latest easing of COVID-19 restrictions spurred fuel demand hopes, while concerns that winter storms across the United States are affecting energy production continued to support prices. Brent crude was up 52 cents, or 0.6%, at $84.44 a barrel by 0712...
Board of Russia’s AvtoVAZ approves $585 million in 2023 investment programme – RIA agency
Date: December 27, 2022
(Reuters) – The board of directors of Russian top carmaker AvtoVAZ approved the firm’s 2023 investment programme for just under 40 billion roubles ($585 million), Russia’s state news agency RIA reported late on Monday. “Yes, it has been approved,” RIA quoted AvtoVAZ president Maxim Sokolov as saying. Renault sold its majority stake in Avtovaz to...