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Cricket-Injured Buttler ‘progressing well’ ahead of T20 World Cup
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UK car output rises in August, soaring costs cast shadow over recovery
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UK banks told to reimburse customers tricked by scams
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Private equity funds approach Italy’s Serie A to explore media rights deal -sources
Bitcoin-sterling volumes spike to record high as British currency flounders
Date: September 29, 2022
By Elizabeth Howcroft LONDON (Reuters) – Trading volumes between the British pound and the cryptocurrency bitcoin spiked to a record high after sterling dropped on Monday, according to market data firm Kaiko Research, in what analysts said was likely a rush by investors to dump their sterling for the digital asset or profit from arbitrage....
PIMCO CIO says UK market chaos not systemic but will have global impact
Date: September 29, 2022
(Corrects name of conference to Delivering Alpha in first paragraph) WASHINGTON (Reuters) – The collapse of the British pound and subsequent sell off in the country’s bond market in recent days do not pose systemic risks but will affect global markets, PIMCO chief investment officer Dan Ivascyn told the CNBC Delivering Alpha conference in New...
Finland watching its waters closely after gas pipeline blasts, PM says
Date: September 29, 2022
HELSINKI (Reuters) – Finland is watching its territorial waters very closely following explosions of two Nord Stream gas pipelines, Prime Minister Sanna Marin said on Wednesday. Marin told reporters that Finland, which shares the European Union’s longest land border with Russia, considers the explosions “grave news” and “extremely worrying”. The pipelines were built by Russia...
Italy slashes 2023 growth forecast but sees public finances improving
Date: September 28, 2022
By Giuseppe Fonte and Gavin Jones ROME (Reuters) – Mario Draghi’s outgoing Italian government on Wednesday slashed next year’s economic growth forecast to 0.6% due to sky-high energy costs but said strong revenues would still ensure an improvement in public finances. Gross domestic product in the euro zone’s third largest economy will “decline slightly” over...
Amazon.com unveils device that tracks breath while sleeping
Date: September 28, 2022
(Reuters) -Amazon.com Inc on Wednesday announced a contactless gadget that can monitor people’s sleep, along with updates to its lineup of voice-controlled devices and e-readers. The online retailer said its $139.99 sleep gadget, known as Halo Rise, tracks room temperature, humidity and light, plus the breathing patterns of the person closest to it. The goal...
Explainer-Why is Bank of England acting again? What next in the UK crisis?
Date: September 28, 2022
LONDON (Reuters) – Britain’s central bank resorted to buying bonds again on Wednesday in an emergency move to reduce the chaos in financial markets which was triggered last week by the tax and spending plans of new British Prime Minister Liz Truss. The slump in government bond prices – and the subsequent surge in yields...