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Some UK property funds defer investor withdrawals
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Nobel physics prize goes to sleuths of ‘spooky’ quantum science
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Nestle pledges $1 billion to coffee sustainability plan
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Tourism revenues on the mend in Mediterranean countries
Apple forced to change charger in Europe as EU approves overhaul
Date: October 4, 2022
By Francesco Guarascio BRUSSELS (Reuters) -Apple will have to change the charger for its iPhones in the European Union from autumn 2024 to comply with new rules introducing a single charging port for most electronic devices. The reform passed by an overwhelming majority in the European Parliament on Tuesday, the first of its kind anywhere...
Robots are making French fries faster, better than humans
Date: October 4, 2022
PASADENA, Calif. (Reuters) -Fast-food French fries and onion rings are going high-tech, thanks to a company in Southern California. Miso Robotics Inc in Pasadena has started rolling out its Flippy 2 robot, which automates the process of deep frying potatoes, onions and other foods. A big robotic arm like those in auto plants – directed...
L&G says not a forced seller of UK government bonds
Date: October 4, 2022
By Sinead Cruise LONDON (Reuters) -Legal & General Group has not been a forced seller of gilts, the insurer said in an unscheduled trading statement on Tuesday, quelling investor unease after sudden yield spikes sparked a dash for cash by some pension fund clients. Wild swings in UK government bond prices following a “mini-budget” on...
European shares rally sharply ahead of producer price data
Date: October 4, 2022
By Devik Jain (Reuters) -European shares rose sharply on Tuesday in a broad-based rally, led by chipmakers, travel and leisure companies, and some strong corporate updates, with investors eyeing producer price data due later in the day. The region-wide STOXX 600 index was up 2% by 0827 GMT, hitting its highest level since Sept. 23....
Foreign tourism to Spain jumps in August, remains below pre-pandemic level
Date: October 4, 2022
MADRID (Reuters) -The number of foreign tourists visiting Spain in August remained well below the 10.12 million who came in August 2019 before pandemic-related travel restrictions ravaged the industry, but their spending approached the levels of three years ago. Tourist numbers increased by 70% in August from the same month last year to 8.82 million,...
France’s 8th wave of COVID is gaining in intensity – health official
Date: October 4, 2022
PARIS (Reuters) – France has entered an eighth wave of the COVID-19 virus, as the winter season approaches, said a leading French health official. “Yes, we are in this eighth wave,” said Brigitte Autran, who is a member of the government’s vaccination strategic board. “All the indicators are on the up,” added Autran. France’s COVID...