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Binance to convert users’ USD Coin into its own stablecoin
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Siemens Energy to rejoin Germany’s blue-chip DAX, HelloFresh to exit
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Ireland fines Instagram a record $400 million over children’s data
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UniCredit sets out $8 billion aid package for Italy clients hit by surging prices
Risk of UK balance of payments crisis under Truss is rising, Deutsche Bank warns
Date: September 6, 2022
LONDON (Reuters) – The risk of a UK balance of payment crisis “should not be underestimated” under a Liz Truss government, Deutsche Bank warned on Monday, citing the potential for large unfunded fiscal expansion and changes to the Bank of England mandate to damage investor confidence. “A large, unfunded and untargeted fiscal expansion accompanied by...
Germany heading for recession despite new relief plan – economists
Date: September 6, 2022
BERLIN (Reuters) – Germany, Europe’s largest economy, is still on course for a recession even with a new government plan to spend 65 billion euros ($64.49 billion) on shielding energy customers and businesses from soaring inflation, economists say. The latest package brings to 95 billion euros the amount allocated to inflation-busting since the Ukraine war...
Saudi snitching app turns citizens into social media police
Date: September 6, 2022
By Nazih Osseiran BEIRUT (Thomson Reuters Foundation) – A Saudi app that lets ordinary people “play the role of a police officer” may have alerted authorities to the tweets of a student whose sentencing to 34 years in jail has drawn international condemnation. Just weeks after the verdict against Salma al-Shehab – a doctoral candidate...
German new passenger car registrations up 3% in August – industry source
Date: September 6, 2022
(Reuters) – German new passenger car registrations rose 3% in August to nearly 200,000 vehicles, an industry source said on Monday. From January to August, new passenger car registrations fell 10% to 1.64 million vehicles, the source added. (Reporting by Jan Schwartz; Writing by Paul Carrel; Editing by Miranda Murray)...
Norway on track for record gas export, will be ready for winter -Gassco CEO
Date: September 5, 2022
By Nora Buli STAVANGER, Norway (Reuters) – Norway’s gas export system is set to deliver record volumes of energy to Europe and is committed to sending large amounts in the coming years, the head of pipeline system operator Gassco told Reuters. The Nordic country has become Europe’s biggest supplier of gas this year, according to...
Euro zone business activity contracted again in August -PMI
Date: September 5, 2022
LONDON (Reuters) – Euro zone business activity contracted for a second month in August as demand sank, with customers wary of the deepening cost of living crisis and gloomy economic outlook curtailing their purchases, a survey showed. S&P Global’s final composite Purchasing Managers’ Index (PMI), seen as a guide to economic health, fell to an...