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Britain’s Co-op partners with Just Eat for home delivery
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World Bank’s private arm launches $2 billion program to help Ukrainian businesses
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Soccer-No British fans arrested at World Cup – report
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U.S. dollar gains sharply across the board as recession fears mount
France agrees FCAS jet contract with Dassault Aviation, Airbus, Indra and Eumet
Date: December 16, 2022
PARIS (Reuters) -France has struck a contract for the next-stage development of the FCAS European fighter jet programme with the companies Dassault Aviation, Airbus, Indra and Eumet, the French Armed Forces Ministry said on Thursday. The Future Combat Air System (FCAS), first announced in 2017 by French President Emmanuel Macron and then German Chancellor Angela...
BoE raises rates again as investors look towards end of hikes
Date: December 15, 2022
By David Milliken and Farouq Suleiman LONDON (Reuters) – The Bank of England raised its key interest rate by a further half-percentage point on Thursday and indicated more hikes were likely, but investors bet that the central bank might be getting close to the end of its increases in borrowing costs. The BoE’s Monetary Policy...
Electric vehicles confront the leap to the mass market
Date: December 15, 2022
By Joseph White DETROIT (Reuters) – The past year was sobering for investors who poured money into Tesla Inc and rival electric vehicle startups that hoped to emulate Tesla CEO Elon Musk’s success. As interest rates rose and financial markets gyrated, shares in many EV startups deflated. Rivian Automotive Inc, which had a higher market...
Swiss National Bank says inflation battle not yet won
Date: December 15, 2022
By John Revill and Michael Shields BERN (Reuters) – Swiss National Bank Chairman Thomas Jordan said it was too early to “sound the all-clear” on high inflation after the central bank hiked interest rates again on Thursday and hinted further increases were still possible. The SNB raised its policy interest rate by 50 basis points...
Exclusive-Grab to cut more costs amid economic chill
Date: December 15, 2022
By Anshuman Daga SINGAPORE (Reuters) – Grab Holdings, Southeast Asia’s biggest ride-hailing and food delivery firm, is cutting more costs to cope with an uncertain economic backdrop, the Singapore-based company’s CEO told staff in a memo. The measures include a freeze on most hiring, salary freezes for senior managers and cuts in travel and expense...
Swiss National Bank Chairman welcomes new Credit Suisse strategy
Date: December 15, 2022
Bern (Reuters) – The Swiss National Bank has welcomed Credit Suisse’s new strategy with Chairman Thomas Jordan saying the overhaul reduced risks for the Swiss financial system. The successful execution of the embattled lender’s capital raising was also an “important milestone,” Jordan told reporters after the central bank’s latest interest rates decision. (Reporting by...