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Dollar shrugs off suspected Japan intervention; pound eyes UK politics
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Factbox-What is Rishi Sunak’s solution to Britain’s problems?
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Dollar shakes off suspected Japan intervention; stocks brace for earnings
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Swiss sight deposit levels fall near central bank’s goal
Political chaos tips British firms into deeper slide – PMIs
Date: October 24, 2022
LONDON (Reuters) -British businesses are suffering their worst month since January 2021, when they were under a COVID-19 lockdown, as the country’s political upheavals compound concerns about inflation and rising interest rates, a survey showed on Monday. The S&P Global/CIPS flash Composite Purchasing Managers’ Index (PMI) showed a contraction in activity for a third month...
Half of Britons to spend less this Christmas – Kantar
Date: October 24, 2022
LONDON (Reuters) – Half of Britons plan to spend less on Christmas this year as a cost of living crisis, amid surging food and energy costs, curtails their purchasing power, market researcher Kantar said on Monday. It said one in three shoppers who expects to spend less plans to cut gift budgets for close friends...
Exclusive-Toyota scrambles for EV reboot with eye on Tesla
Date: October 24, 2022
By Norihiko Shirouzu (Reuters) – Toyota is considering a reboot of its electric-car strategy to better compete in a booming market it has been slow to enter, and has halted some work on existing EV projects, four people with knowledge of the still-developing plans said. The proposals under review, if adopted, would amount to a...
EU seeking deals on three climate laws in time for U.N. summit
Date: October 24, 2022
By Kate Abnett BRUSSELS (Reuters) – The European Union is aiming to clinch deals on three new laws to fight climate change in time for the annual United Nations climate negotiations next month, in a bid to boost its political clout at the talks. Nearly 200 countries agreed at last year’s U.N. COP26 negotiations to...
Rishi Sunak declared next leader of UK Conservative Party, to become next PM
Date: October 24, 2022
LONDON (Reuters) – Rishi Sunak was declared the next leader of Britain’s Conservative Party by the head of the 1922 Committee of Conservative lawmakers on Monday, placing him on course to be the country’s next prime minister. The committee sets the rules for selecting and changing the party’s leader. (Reporting by Muvija M; editing...
EU countries seek common stance on climate compensation for COP27
Date: October 24, 2022
By Kate Abnett and Bart H. Meijer BRUSSELS (Reuters) -Ministers from European Union countries will attempt on Monday to agree their negotiating position for this year’s U.N. climate talks, including on the contentious topic of compensation for the damage climate change is inflicting on the world’s poorest. The EU, the world’s third-biggest emitter of greenhouse...