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Factbox-Europe’s efforts to shield households from soaring energy costs
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Stocks, U.S. dollar gain despite surprise weak China data
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Volkswagen, Mahindra deepen electric vehicle component cooperation
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Dollar bid on global growth fears after weak Chinese data
Caste in California: Tech giants confront ancient Indian hierarchy
Date: August 15, 2022
(This August 14 story refiles to fix typo in para 17) By Paresh Dave OAKLAND, Calif (Reuters) – America’s tech giants are taking a modern-day crash course in India’s ancient caste system, with Apple emerging as an early leader in policies to rid Silicon Valley of a rigid hierarchy that’s segregated Indians for generations. Apple,...
LME nickel volumes plunge with exchange still hostage to March trading fiasco
Date: August 15, 2022
By Pratima Desai LONDON (Reuters) – The volume of nickel traded on the London Metal Exchange (LME) dropped more than 40% in July as funds, consumers and producers continued to shun the market – months after trade was suspended for more than a week in March as prices dramatically spiked. Traders say many previous participants...
Exclusive: Wall Street revives Russian bond trading after U.S. go-ahead
Date: August 15, 2022
By Davide Barbuscia NEW YORK (Reuters) – Several major Wall Street banks have begun offering to facilitate trades in Russian debt in recent days, according to bank documents seen by Reuters, giving investors another chance to dispose of assets widely seen in the West as toxic. Most U.S. and European banks had pulled back from...
Cash-strapped Britons give up pets as living costs soar
Date: August 15, 2022
By Muvija M LONDON (Reuters) – Stood on her hind legs to greet any prospective owner who might approach her glass-doored kennel, Harriet is a black English cocker spaniel abandoned as a deepening cost-of-living crisis pushes growing numbers of Britons to part with their pets. She was found running along a busy road in London...
UK first to approve Omicron COVID shot with Moderna nod
Date: August 15, 2022
By Natalie Grover LONDON (Reuters) -Britain, the first country to approve a coronavirus vaccine in late 2020, has now also given the first green light to a variant-adapted shot that targets both the original and Omicron version of the virus. The UK medicines regulator (MHRA) gave the so-called bivalent vaccine made by U.S. drug company...
Explainer-Why Europe faces climbing energy bills
Date: August 15, 2022
By Nina Chestney A global surge in wholesale power and gas prices means households across Europe face much higher energy bills this year and beyond, with the region’s most vulnerable exposed to fuel poverty, consumer groups say. WHY THE HIGH PRICES? Energy companies pay a wholesale price to buy the gas and electricity they sell...