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Factbox-Government measures to ease inflation pain
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Shaken by heatwaves, U.S. clinics get tips on staying cool
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Engine parts makers must cross ‘valley of death’ to reach EV era
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Bank of Spain cuts 2023 growth forecast to 1.4%, lifts 2022 forecast
Breast Cancer Awareness Month – talking about cancer with loved ones
Date: October 5, 2022
Diagnosis is a hugely emotional time for cancer patients. While there are the understandable worries for your own health, treatment and survival, there is also the challenge of how to disclose the news to loved ones. The Breast Unit at King Edward VII’s Hospital works closely with patients to manage these challenging conversations. This Breast Cancer Awareness...
Britain’s household energy price cap could cost $160 billion – Cornwall Insights analysts
Date: October 5, 2022
LONDON (Reuters) – A scheme capping gas and electricity prices for British households for the next two years could cost up to 140 billion pounds ($159 billion) in an extreme scenario, analysts at Cornwall Insights said on Wednesday. Britain last month announced the price guarantee to help shield consumers from record energy prices amid soaring...
Dollar rebounds as global market rally fades
Date: October 5, 2022
By Harry Robertson LONDON (Reuters) – The dollar rose on Wednesday, a day after suffering its biggest one-day drop in more than two years, as the excitement of the previous day’s rally in stocks and risk-friendlier currencies wore off. The dollar index was last up 0.64% to 110.87, after tumbling 1.3% on Tuesday. The index,...
Stocks retreat, oil gains as OPEC+ looks to cut oil supply
Date: October 5, 2022
By Dhara Ranasinghe, Elizabeth Howcroft and Pete Schroeder WASHINGTON/LONDON (Reuters) -U.S. stocks retreated Wednesday after strong gains earlier in the week, while oil continued to rebound in price as OPEC+ producers recommended major cuts to oil supply. All three major U.S. stock indices opened the day lower, erasing some of the strong gains stocks posted...
Sterling softens after UK PM Truss speech
Date: October 5, 2022
By Lucy Raitano LONDON -Britain’s pound weakened against the dollar on Wednesday, ending a six-day rally, but staying well off recent lows as British Prime Minister Liz Truss spoke at the Conservative party conference on Wednesday. Truss urged the Conservative party to stick together and help transform the economy and the country, as she fights...
Tesco lowers profit sights as British shoppers face winter crunch
Date: October 5, 2022
By James Davey LONDON (Reuters) -Tesco, Britain’s biggest retailer, forecast full-year profit at the lower end of its previous guidance, blaming uncertainty over how consumer spending will evolve amid a worsening cost-of-living squeeze. Confidence among Britain’s shoppers sank to a record low last month as they struggle with soaring inflation – even before the government’s...