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Netflix ad-supported plan to launch in November at $7 a month
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EU, U.S. eye level playing field for EU electric cars in U.S. market
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Italy’s Giorgetti gets Meloni’s backing to be economy minister
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Rosneft sues Berlin over takeover of its German unit
British households should cut energy use where possible this winter -Ofgem
Date: October 13, 2022
By Sarah Young and Klaus Lauer LONDON (Reuters) – British Airways-owner IAG, Europe’s biggest airline Ryanair and rival easyJet said demand for travel was holding up, calming worries that pressure on household budgets could stall aviation’s recovery from the pandemic. Australia’s Qantas Airways Ltd also said on Thursday it was seeing consumers willing to pay...
Britain’s bond market turmoil
Date: October 13, 2022
LONDON (Reuters) – British Prime Minister Liz Truss is rethinking tax-cut plans that sent markets into turmoil with a possible U-turn on business levies, media reported on Thursday, although her office said there would be no change of course. Truss is under pressure to change tack on an economic package that has roiled markets, with...
Oil prices slip as IEA warns of global recession
Date: October 13, 2022
By Ahmad Ghaddar LONDON (Reuters) -Oil prices slipped on Thursday amid concerns that rising inflation will dent fuel demand and as the International Energy Agency warned that the global economy may go into recession. Brent crude futures fell 23 cents, or 0.3%, to $92.22 a barrel by 1349 GMT. U.S. West Texas Intermediate crude was...
Holocaust survivor oversees start of rightist Italian parliament
Date: October 13, 2022
By Crispian Balmer and Angelo Amante ROME (Reuters) -A Holocaust survivor presided over the opening of Italy’s new parliament on Thursday, recalling the dangers of fascism as the most right-wing coalition since World War Two took control of the upper and lower houses. Liliana Segre was the only member of her Jewish family to survive...
European stocks fall as hot U.S. inflation data sparks rate hike fears
Date: October 13, 2022
By Devik Jain and Amruta Khandekar (Reuters) – European stocks reversed gains on Thursday after another hot inflation reading from the United States spurred expectations that the Federal Reserve was likely to stay aggressive in its fight against inflation. The region-wide STOXX 600 index fell 1.3% after rising as much as 0.8% earlier in the...
Euro zone bond yields rise towards multi-year highs after U.S. data
Date: October 13, 2022
By Stefano Rebaudo and Harry Robertson (Reuters) -Euro zone government bond yields rose on Thursday, after U.S. data showed a bigger-than-expected rise in consumer prices last month, dashing hopes that the Federal Reserve will slow the pace of its planned rate rises. The Labor Department’s consumer prices index (CPI) report showed headline CPI gained at...