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Australia’s top court finds Google not liable for defamation
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Global shares fall, U.S. Treasury yields rise after dovish Fed minutes
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U.S., European banks could lose over $5 billion from risky buyout loans
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Beauty and the inflation beast: ‘Lipstick effect’ to shield Estee Lauder, Coty
Sterling steady as double-digit inflation deepens growth fears
Date: August 17, 2022
By Samuel Indyk LONDON (Reuters) -The British pound was steady on Wednesday as data showed inflation climbed to its highest level in more than four decades in July, heaping pressure on the Bank of England to bring down prices but increasing the risk of a sharper economic slowdown. Consumer price inflation rose to 10.1% in...
Boeing, Northrop to join White House-backed advanced manufacturing program
Date: August 17, 2022
By David Shepardson WASHINGTON (Reuters) – Boeing Co <BA.N> and Northrop Grumman are joining a White House-backed compact to help smaller U.S.-based suppliers increase the use of 3D printing and other advanced manufacturing technologies. The voluntary program, unveiled by President Joe Biden in May, seeks to boost suppliers’ use of additive manufacturing (AM). Driven by...
Ukraine’s Naftogaz says bondholders reject second proposal to suspend debt payments
Date: August 17, 2022
By Marc Jones LONDON (Reuters) -Ukraine’s state-owned gas company Naftogaz said on Wednesday its 2022 bondholders had rejected its latest proposal to suspend its debt payments for two years in the wake of Russia’s invasion. Naftogaz, which accounted for almost 17% of Ukraine’s total state budget revenue last year, has fallen into default after failing...
Cricket- South Africa reduce England to 116-6 before rain ends first day
Date: August 17, 2022
LONDON (Reuters) – Anrich Nortje took three wickets as South Africa’s seamers tore through England’s top order to leave the home side teetering on 116 for six before rain brought a premature close to day one of the first test at Lord’s on Wednesday. England looked as though they would be bowled out for a...
Czech government to cap housing, energy costs at 30% of income
Date: August 17, 2022
PRAGUE (Reuters) – The Czech government will hand out state aid to ensure people do not spend more than 30% of their income on housing including energy amid soaring gas and electricity prices, Prime Minister Petr Fiala said on Wednesday. The contribution for housing will complement the 66 billion crowns ($2.73 billion) the government aims...
Investors bet on bigger BoE rate hikes after inflation overshoot
Date: August 17, 2022
By David Milliken LONDON (Reuters) – British two-year government bond yields surged to their highest level since the depths of the global financial crisis almost 14 years ago as stronger-than-expected inflation data ramped up bets on further Bank of England interest rate hikes. Annual consumer price inflation jumped to 10.1% from 9.4% in June, official...