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UK transport minister says ‘still the case’ PM Truss will fight next election
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UK fund managers Schroders and Jupiter’s assets fall on volatile markets
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Nokia quarterly operating profit lags expectation as margin drops
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Ericsson earnings miss estimates as costs dent margins
UK interior minister Braverman quits over security issue, criticises government
Date: October 20, 2022
LONDON (Reuters) – Britain’s Suella Braverman quit as interior minister on Wednesday, saying she had to go after she breached government rules but that she had concerns over the direction of Prime Minister Liz Truss’s government. The second senior minister to leave the government in less than a week, Braverman’s departure heaps yet more pressure...
IBM expects to exceed annual revenue target on resilient cloud momentum
Date: October 20, 2022
By Chavi Mehta (Reuters) -IBM Corp beat quarterly earnings estimates on Wednesday and said it expects to exceed full-year revenue growth targets as robust demand for the company’s digital services helps cushion the blow from a strong dollar. The IT software and services provider has been focusing on the so-called “hybrid cloud” after spinning off...
UK government’s party discipline enforcers still in post – PM Truss’s office
Date: October 20, 2022
LONDON (Reuters) – British Conservative lawmaker Wendy Morton, the member of the government responsible for enforcing Conservative Party discipline, and her deputy remain in post, Prime Minister Liz Truss’s office said on Wednesday, after reports they had quit. Truss’s office said “Chief and deputy chief whip remain in post,” referring to Morton and her colleague...
Russian lawmaker urges WhatsApp ban for state employees
Date: October 20, 2022
By Alexander Marrow MOSCOW (Reuters) – A Russian lawmaker on Wednesday urged state institutions to stop using WhatsApp messenger and the industry ministry sought to promote domestically produced software as Russia tries to wean itself off Western technology. WhatsApp owner Meta Platforms Inc. was found guilty of “extremist activity” in Russia in March and later...
Marketmind: Reality check
Date: October 19, 2022
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever If investors needed a reminder that the road to recovery in risk assets will be marked by setbacks along the way, they got it on Wednesday as U.S. bond yields surged to new cycle highs. Not only are...
Global coffee market favoring higher quality, not higher volumes
Date: October 19, 2022
By Marcelo Teixeira NEW YORK (Reuters) – The global coffee market is going through a transformation trend that will involve higher quality and pricier coffees, but not higher overall traded volumes, as people increasingly use single doses and cut out old-style, large dripping jars. The COVID-19 pandemic boosted that movement, according to an industry expert,...