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Ryanair ‘hopeful’ of return to pre-COVID profit level this year
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Rouble firms past 60 vs dollar, Gazprom shares rally
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Inflation crisis forces new frugality on French consumers
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Explainer-How could Europe cap surging energy prices?
EU sets sights on energy market reform as prices soar
Date: August 30, 2022
By Kate Abnett BRUSSELS (Reuters) -The European Union is drafting emergency plans to intervene in its energy market as pressure grows from member states to put a lid on surging electricity prices. European Commission chief Ursula von der Leyen on Monday said that Brussels was preparing an intervention to separate power prices from the soaring...
UK 10-year bonds head for biggest monthly fall since 1986
Date: August 30, 2022
By David Milliken LONDON (Reuters) – British government bonds tumbled again on Tuesday, catching up with losses for U.S. and German debt following a public holiday on Monday as markets digested remarks from Federal Reserve Chair Jerome Powell. Ten-year British government bond yields are on course for their biggest monthly rise since September 1986 –...
ECB must swiftly normalise rates; neutral may not be enough, Knot says
Date: August 30, 2022
(Reuters) -The European Central Bank must swiftly normalise interest rates as inflation could still go higher and lifting rates to the neutral level, which neither stimulates nor slows growth, may not be enough, Dutch central bank chief Klaas Knot said on Tuesday. The ECB raised its deposit rate by 50 basis points to zero in...
German EU-harmonised consumer prices up 8.8% y/y in August
Date: August 30, 2022
(Reuters) – German consumer prices, harmonised to compare with other European countries, were up 8.8% on the year and rose by 0.4% month-on-month in August preliminary data from the Federal Statistics Office showed on Tuesday. Analysts had also expected harmonised data to increase 8.8% on an annual basis and rise 0.4% on the previous month....
Factbox-Government measures to ease inflation pain
Date: August 30, 2022
(Reuters) – Pandemic-related disruption to global supply chains and the knock-on effects of Russia’s war in Ukraine have combined to drive up prices of energy, commodities and basic necessities. Below is a list of some of the actions taken by governments aimed at offering relief to hard-hit consumers and companies: AMERICAS: * The United States...
UK credit card borrowing rises by most since 2005 – BoE
Date: August 30, 2022
By David Milliken LONDON (Reuters) – British credit card borrowing grew at the fastest pace since 2005 in the 12 months to July, Bank of England data showed on Tuesday, in a potential sign that some households are struggling to make ends meet as the cost of living soars. Credit card borrowing rose by a...