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Swiss gov’t expects economic slowdown in 2023 but no recession
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UK jobless rate rises again but pay growth will keep Bank of England on edge
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EU strikes deal on world-first carbon border tariff
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Dollar steadies in calm before CPI and central bank storm
London stocks slip ahead of key interest rate decisions
Date: December 12, 2022
By Johann M Cherian and Shristi Achar A (Reuters) – British shares closed lower on Monday, with investors treading cautiously ahead of interest rate decisions this week, while shares of Home REIT hit record low after a short-seller questioned its financial status. The blue-chip FTSE 100 slipped 0.4% to mark its weakest close in nearly...
EU could face gas shortage next year, IEA warns
Date: December 12, 2022
By Kate Abnett BRUSSELS (Reuters) -The European Union has enough gas for the winter but could face a shortage next year if Russia cuts supplies further, the International Energy Agency (IEA) said on Monday, urging governments to act faster to save energy and expand renewables. Despite Russia slashing gas deliveries this year, Europe has averted...
Keystone oil pipeline restart timetable unclear; traders worry about supply
Date: December 12, 2022
By Erwin Seba and Stephanie Kelly WASHINGTON, Kan. (Reuters) -Traders expressed worry on Monday about how long Canada’s TC Energy Corp would take to clean up the largest U.S. crude oil spill in nearly a decade and restart its Keystone oil pipeline after more than 14,000 barrels of oil leaked last week. TC Energy shut...
Queues form at fever clinics as China wrestles with COVID surge
Date: December 12, 2022
By Eduardo Baptista and Josh Ye BEIJING/HONG KONG (Reuters) -People queued outside fever clinics at Chinese hospitals for COVID-19 checks on Monday, a new sign of the rapid spread of symptoms after authorities began dismantling an apparatus they used to surveil residents and curtail movement. Three years into the pandemic, China is acting to align...
Croatia’s coast turns to solar in bid to become energy-sustainable
Date: December 12, 2022
By Daria Sito-Sucic MAKARSKA, Croatia (Reuters) – As high electricity bills have closed most hotels along Croatia’s Adriatic coast ahead of the winter season, the mayor of the Dalmatian port town of Makarska is making plans to make it energy-sustainable by turning to solar energy sources. “I think that (the) energy crisis is also an...
ECB to raise scrutiny of banks’ credit risk, funding in 2023 as recession looms
Date: December 12, 2022
FRANKFURT (Reuters) – The European Central Bank will increase scrutiny over how banks manage credit risk and diversify funding, it said on Monday while outlining its 2023 priorities as the euro zone heads into a likely recession and faces soaring borrowing costs. The 19-country currency bloc is facing the double whammy of sky-high inflation and...