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French luxury groups to highlight sector’s resilience as demand holds up for now
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EU countries eye deal on more energy measures within weeks
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Factbox-European companies offer one-off bonuses, hike pay amid cost-of-living crisis
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BoE doubles potential bond buy-backs as emergency plan nears end
Banking crisis breakthroughs win Nobel economics prize for Bernanke, Diamond, Dybvig
Date: October 10, 2022
By Simon Johnson and Johan Ahlander STOCKHOLM (Reuters) – A trio of U.S. economists including former Federal Reserve Chair Ben Bernanke won this year’s Nobel Economics Prize on Monday for laying the foundation of how world powers now tackle global crises like the recent pandemic or the Great Recession of 2008. The trio, who also...
Italy unions seek Stellantis, Ferrari wage rise of over 8% for 2023
Date: October 10, 2022
By Giulio Piovaccari and Rodolfo Fabbri MILAN/ROME (Reuters) – Italian unions on Monday demanded a wage rise of 8.4% for next year to offset rising inflation as they prepare for official talks with industrial groups Stellantis, Ferrari, Iveco and CNH Industrial. The request could pave the way for similar requests in wage bargaining in Italy,...
Honeywell to make lower-carbon aviation fuel from ethanol
Date: October 10, 2022
By Stephanie Kelly NEW YORK (Reuters) – Tech firm Honeywell International Inc will roll out technology that could increase supplies of lower-carbon aviation fuel produced from ethanol, the company said Monday, as the Biden administration calls for the aviation industry to reduce emissions. Honeywell’s technology can increase production efficiency of sustainable aviation fuel (SAF) to...
Sterling slides as bets for aggressive U.S. tightening boost dollar
Date: October 10, 2022
By Alun John LONDON (Reuters) -Sterling slid versus the dollar on Monday after Friday’s strong U.S. labour market data supported bets the Federal Reserve will keep raising rates aggressively. The pound dropped to a 10-day low of $1.1027 in early London trade, but recovered some ground after the Treasury said Britain will publish its medium-term...
Italy’s telecoms lobby urges EU to help lower energy bills, avoid power cuts
Date: October 10, 2022
MILAN (Reuters) – Italy’s telecoms lobby has called on the European Union to consider ways to help the industry cope with rising energy costs as well as to shield their networks from any planned power cuts, a document seen by Reuters showed. The energy crisis comes on top of other business concerns for telecoms operators...
Renault and Nissan in talks that could reshape autos alliance
Date: October 10, 2022
By Gilles Guillaume and Satoshi Sugiyama PARIS/TOKYO (Reuters) -Renault and Nissan said on Monday they were in talks about the future of their alliance, including the Japanese automaker considering investing in a new electric vehicle venture by its French partner. The talks, which could prompt the biggest reset in the alliance since the 2018 arrest...