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German industry calls for delay to global minimum tax – BDI
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British minister to meet Taiwan president, drawing China’s anger
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Russia’s Sberbank sues Glencore for $116 million over oil supplies
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‘Mini-budget’ fallout hits UK house prices in October – Halifax
Analysis-Runaway prices have central Europe on the ropes
Date: November 7, 2022
By Gergely Szakacs and Anna Wlodarczak-Semczuk BUDAPEST/WARSAW (Reuters) – While inflation in western Europe is largely expected to be tamed within a year, there is a growing sense that in central Europe runaway prices will be around for much longer. Central and eastern Europe have for months been at the forefront of the inflation battle,...
China’s COVID resurgence spurs new curbs, Foxconn imposes restrictions
Date: November 7, 2022
SHANGHAI (Reuters) – China’s escalating COVID-19 resurgence has spurred authorities and companies, including key iPhone manufacturer Foxconn, to ramp up measures to contain outbreaks, disrupting production and throwing business events into confusion. China reported on Monday 5,496 new locally transmitted COVID-19 cases for Nov. 6, the highest since May 2, when the country’s commercial capital...
Oil prices slide as hopes for China demand rebound fade
Date: November 7, 2022
By Florence Tan SINGAPORE (Reuters) -Oil prices fell more than $1 a barrel on Monday after Chinese officials on the weekend reiterated their commitment to a strict COVID containment approach, dashing hopes of an oil demand rebound at the world’s top crude importer. Brent crude futures dropped $1.20, or 1.2%, to $97.37 a barrel by...
Six in ten Britons will spend less at Christmas -Deloitte survey
Date: November 7, 2022
LONDON (Reuters) – Six in ten Britons believe they will have less money to spend over the Christmas period than last year, according to a survey published on Monday, adding to evidence that a thrifty festive season beckons. The survey from Deloitte found 38% plan to switch to cheaper brands or stores to seek out...
“Live up to your climate promises,” UK PM will say
Date: November 7, 2022
SHARM EL-SHEIKH, Egypt (Reuters) – British Prime Minister Rishi Sunak will on Monday use a speech at the United Nations climate summit in Egypt to tell world leaders to deliver on their promises to tackle global warming. Sunak, who became prime minister late last month, had initially said he would be too busy coming up...
Facebook parent Meta is preparing large-scale layoffs this week – WSJ
Date: November 7, 2022
(Reuters) – Meta Platforms Inc is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal reported on Sunday citing people familiar with the matter, with an announcement planned as early as Wednesday. Meta declined to comment on the WSJ report. Facebook parent Meta in October forecasted a...