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Strikes bring London’s transport network to a halt
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Cost-of-living crisis prompts ‘buy now, pay later’ warning from UK’s FCA
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Record jump in German producer prices adds to gloomy outlook
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Global equity funds attract inflows for second week in a row
SAS cancels 1,700 flights due to pilot strike, late aircraft deliveries
Date: August 19, 2022
STOCKHOLM (Reuters) – Scandinavian airline SAS has suspended 1,700 flights in the coming months due partly to a two-week pilot strike in July over collective agreements and delayed aircraft deliveries. SAS, whose biggest owners are Sweden and Denmark, grounded some 3,700 flights during the crippling strike which the airline said put the carrier’s future in...
Soccer – Deep pockets needed to persuade Glazers to sell United
Date: August 19, 2022
By Simon Evans MANCHESTER, England (Reuters) – British billionaire Jim Ratcliffe’s interest in buying Manchester United has raised the hopes of the club’s supporters that their American owners, the Glazer family, might now sell the club and pave the way for a return to glory on the field. Whether that happens will depend on three...
Britain sets out roadmap for self driving vehicle usage by 2025
Date: August 19, 2022
LONDON (Reuters) – Britain said on Friday it wanted a widespread rollout of self-driving vehicles on roads by 2025, announcing plans for new laws and 100 million pounds ($119.09 million) of funding. The government said it wanted to take advantage of the emerging market for autonomous vehicles, which it valued at 42 billion pounds and...
Online discounts boost struggling UK retailers in July
Date: August 19, 2022
By David Milliken LONDON (Reuters) -British shoppers spent more than expected last month after being enticed by online shopping deals, official figures showed on Friday, but sales volumes look set to resume their decline as households face the highest inflation in 40 years. Retail sales volumes, adjusted for inflation and the time of year, rose...
How AI-powered conversation intelligence transforms CX for financial services companies
Date: August 19, 2022
By Rich Wang, VP, Customer Success, Observe.AI As was the case for many industries, the pandemic accelerated the need for financial services companies to rethink their approach to customer service and support. Live phone support remains the go-to channel for critical and high-value customer interactions, and businesses are therefore looking to harness next-generation technologies like...
Euro zone current account swings back to a surplus in June
Date: August 19, 2022
FRANKFURT (Reuters) – The euro zone’s current account swung back to a small surplus in June on an improvement in the trade of services and higher primary income, which includes earning from investments abroad, European Central Bank data showed on Friday. The 19-country currency bloc has run a large current account surplus for the past...