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Swiss National Bank cuts overnight deposits by 30 billion francs
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ECB’s Knot says inflation warnings not yet priced in
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Factbox-How Germany’s gas price brake is helping reeling industry
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EU watchdog trying to understand UK bond market moves
Morrisons’ McColl’s store sale paves way for deal clearance
Date: October 10, 2022
LONDON (Reuters) – British supermarket group Morrisons’ purchase of convenience retailer McColl’s looks set to be cleared after the competition regulator said it was likely to accept an offer to sell 28 stores. Morrisons bought the 1,100 store McColl’s for a reported 190 million pounds ($210 million) in May after it collapsed into administration. However,...
ECB’s Centeno warns of possible policy overreactions
Date: October 10, 2022
By Sergio Goncalves LISBON (Reuters) – The European Central Bank (ECB) should avoid overreactions that could lead to a loss of credibility and must gradually normalise its monetary policy after a long period of ultra-low interest rates, ECB policymaker Mario Centeno said on Monday. The ECB raised its main interest rate by a record 75...
UK trial lawyers to end strike after accepting government pay offer
Date: October 10, 2022
LONDON (Reuters) – British trial lawyers will end a weeks-long strike on Monday after voting to accept the government’s pay offer, their union said. The Criminal Barristers Association (CBA), which has more than 2,000 members and represents barristers in England and Wales, said roughly 57% of trial lawyers balloted on the government’s pay offer had...
After fleeing war, Ukrainians struggle to settle around Europe
Date: October 10, 2022
By Corina Pons and Catarina Demony MADRID/LISBON (Reuters) – Ukrainian psychologist Tatyana Bogkova was on a birthday trip in Poland with her mother and four-year-old daughter when Russian troops invaded her homeland earlier this year. With shells raining on Kharkiv city and her policeman husband staying to fight, the 32-year-old chose to take refuge in...
BMW Group sales drop slightly in Q3
Date: October 10, 2022
BERLIN (Reuters) -BMW sold nearly as many cars in the third quarter as it did in the same period a year before, after the war in Ukraine and supply shortages led to a drop in deliveries in the first half of 2022, said the German carmaker on Monday. Group sales were down 0.9% compared with...
Air France and Airbus face French court over Rio-Paris crash
Date: October 10, 2022
PARIS (Reuters) – Air France and Airbus face the start of a nine-week manslaughter trial on Monday, 13 years after an A330 jet plunged into the Atlantic killing all 228 people on board. Flight 447 vanished in pitch darkness during an equatorial storm en route from Rio de Janeiro to Paris on June 1, 2009....