Top Stories
Top Stories
Finnair partners with Qatar Airways in search of new routes
Top Stories
IKEA stores owner buys 49% stake in Swedish wind power projects
Top Stories
Oil rises on prospect of OPEC supply cut, demand growth
Top Stories
NASA’s next-generation megarocket set for debut test launch to moon
Johnny Depp makes surprise appearance at MTV’s Video Music Awards
Date: August 29, 2022
By Lisa Richwine (Reuters) – Actor Johnny Depp, who is trying to rebuild his career after an ugly defamation fight with his ex-wife Amber Heard, appeared as a floating astronaut hovering above the crowd at MTV’s Video Music Awards on Sunday. Depp’s face was digitally imposed inside the helmet of an space man, the inspiration...
China July industrial profits down as COVID curbs, heatwaves hit
Date: August 29, 2022
SHANGHAI (Reuters) -Profits at China’s industrial firms sank in July, reversing previous gains as fresh COVID-19 curbs dragged down demand and squeezed factory margins, while power shortages due to heatwaves threatened production. Profits at China’s industrial firms fell 1.1% in January-July from a year earlier, wiping out the 1.0% growth logged during the first six...
Analysis-Forget showering, it’s eat or heat for shocked Europeans hit by energy crisis
Date: August 26, 2022
By Bozorgmehr Sharafedin and Canan Sevgili LONDON (Reuters) – No more ironing, limited oven use and showering at work – Europeans are trying to keep their energy use down but the bills keep climbing. As wholesale gas and electricity prices surge, millions of people in Europe are now spending a record amount of their income...
Investors eye lower Wall Street on Powell nerves
Date: August 26, 2022
By Carolyn Cohn LONDON (Reuters) – U.S. stock futures were indicating a lower open on Wall Street on Friday while world stocks were heading for a small drop on the week, as investors wait to see if Federal Reserve Chair Jerome Powell will indicate further rate hike pain. Investors have pared back expectations that the...
Dollar dips ahead of Powell speech
Date: August 26, 2022
By Iain Withers LONDON (Reuters) – The dollar dipped against other major currencies on Friday, ahead of U.S. Federal Reserve Chair Jerome Powell’s widely-anticipated speech at the Jackson Hole symposium. Traders are looking for clues on the U.S. central bank’s tightening plans to combat rampant inflation when Powell speaks at 1400 GMT. The dollar index...
Hungary cenbank seen hiking 100 bps to 11.75% next week as inflation surges
Date: August 26, 2022
By Krisztina Than BUDAPEST (Reuters) – Hungary’s central bank is expected to raise its base interest rate by 100 basis points to 11.75% next Tuesday, with more hikes to come this year as inflation keeps rising due to surging energy prices and a weak forint. The National Bank of Hungary (NBH), which became the firstcentral...