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Analysis-ECB ‘QT’ may be next challenge for tumultuous markets
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Euro zone posts record trade deficit in August amid soaring energy prices
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Spain September final 12-month inflation revised down to 8.9%
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TomTom shares fall as 2023 uncertainties outweigh Q3 beat
German car industry baulks at supplier demands over energy hikes
Date: October 14, 2022
By Victoria Waldersee WOLFSBURG, Germany (Reuters) – Germany’s giant carmakers may have secured their own energy supplies but thousands of small suppliers faced with a squeeze from soaring bills risk upsetting production through the winter. More and more suppliers are calling on the industry to renegotiate contracts to include energy clauses so they can cover...
Polish c. banker Kotecki says rates should be several percentage points higher
Date: October 14, 2022
WARSAW (Reuters) – Polish central bank has several percentage points of space to increase interest rates as inflation is set to keep rising and Poland doesn’t face recession, rate setter Ludwik Kotecki said on Friday. “In my opinion there are several percentage points of space,” Kotecki told TVN24 television when asked to what level rates...
Bubbl appoints Taz Hossain as CRO and Ollie Aynsley as Head of Commercial
Date: October 14, 2022
Heavyweight hires follow significant funding round, with CAN Advertising Network as lead investor at the hyperpersonal mobile marketing platform London, UK – 13th October: Disruptive mobile marketing platform, Bubbl, has appointed Taz Hossain as Chief Revenue Officer (CRO) and Ollie Aynsley as Head of Commercial, as the business continues to onboard talent following a recent,...
Athletics-Ujah will be considered for selection after doping ban – UK Athletics director
Date: October 14, 2022
(Reuters) – UK Athletics technical director Stephen Maguire said Chijindu Ujah will be considered for selection after his 22-month doping ban expires but added that it would be hard for the sprinter to return to Britain’s 4x100m team. Ujah was provisionally suspended after prohibited substances Ostarine and S-23 were detected in his A and B...
Swiss National Bank makes another large draw on Fed swap line
Date: October 14, 2022
(Reuters) – The Swiss National Bank this week drew nearly $6.3 billion from the U.S. Federal Reserve’s currency swap line facility, roughly double the amount drawn a week earlier, New York Fed data released on Thursday showed. The SNB on Wednesday drew $6.27 billion in U.S. currency for a seven-day term at an annualized rate...
When the AI goes haywire, bring on the humans
Date: October 14, 2022
By Paresh Dave OAKLAND, Calif. (Reuters) – Used by two-thirds of the world’s 100 biggest banks to aid lending decisions, credit scoring giant Fair Isaac Corp and its artificial intelligence software can wreak havoc if something goes wrong. That crisis nearly came to pass early in the pandemic. As FICO recounted to Reuters, the Bozeman,...