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Allianz Trade in Asia Pacific appoints Regional Commercial Director
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Pioneering Japanese ‘butterflies’ designer Hanae Mori dies at 96
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China’s drought could last until Sept as it races to protect harvests
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Commodity broker Marex confident on full year after strong first half
UK budget think tank warns future PM against big tax cuts
Date: August 18, 2022
By David Milliken LONDON (Reuters) – Britain’s next prime minister will not have room to make large, permanent tax cuts, the Institute for Fiscal Studies said on Thursday, challenging the plans of the two Conservative candidates vying to succeed Boris Johnson as prime minister. Foreign Secretary Liz Truss wants to reverse more than 30 billion...
Asset managers on alert after ‘WhatsApp’ crackdown on banks
Date: August 18, 2022
By Iain Withers and Sinead Cruise LONDON (Reuters) – Asset managers are tightening controls on personal communication tools such as WhatsApp as they join banks in trying to ensure employees play by the rules when they do business with clients remotely. Regulators had already begun to clamp down on the use of unauthorised messaging tools...
UK electricals retailer AO World’s annual profit slumps on higher costs
Date: August 18, 2022
(Reuters) -British online electricals retailer AO World posted an 87% slump in annual profit on Thursday, as supply chain snags and higher labour and marketing costs squeezed earnings and inflation-hit consumers reined in spending. The company said its trading had been broadly in line with expectations in the first quarter of the 2023 financial year,...
As ECB mulls another big hike, Schnabel says inflation outlook hasn’t improved
Date: August 18, 2022
By Balazs Koranyi and Frank Siebelt FRANKFURT (Reuters) – The euro zone inflation outlook has failed to improve since a July rate hike, European Central Bank board member Isabel Schnabel said, suggesting she favours another large interest rate increase next month even as recession risks harden. The central bank for the 19-country bloc surprised investors...
Cricket-Collingwood confident England can return fire at Lord’s
Date: August 18, 2022
(Reuters) – England assistant coach Paul Collingwood is confident their bowlers can get them back into the first test against South Africa after the visiting seamers tore through their top order at Lord’s on Wednesday. Anrich Nortje picked up three wickets and Kagiso Rabada contributed two as England slumped to 116 for six before rain...
Soccer-European revenues rise 10% in 2020-21 despite COVID
Date: August 18, 2022
LONDON (Reuters) – European soccer revenues grew by 10% in the 2020-21 season despite most an almost total lack of fans in stadiums, according to a report published on Thursday. The season was like no other with the COVID-19 pandemic curtailing virtually all matchday income, but Deloitte’s Annual Review of Football Finance showed the industry...