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Oil prices end week on multi-month lows on recession fears
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European shares pop two weeks of gains as growth fears weigh
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FTSE 100 dented by Wall St losses, plunge in ad firm WPP
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Alexa! Start my Roomba: Amazon buys robot vacuum maker for $1.7 billion
Ukraine and Russia: What you need to know right now
Date: August 5, 2022
(Reuters) – Shells struck a high-voltage power line on Friday at Europe’s largest power plant, in Ukrainian territory captured by Russia, but Ukrainian authorities said the plant still worked and no radioactive leak had been detected. FIGHTING * Ukraine’s Energoatom state nuclear power company said a high-voltage power line at the Zaporizhzhia nuclear power plant...
Monte dei Paschi enlists more banks for cash call, fights legal challenge
Date: August 5, 2022
By Valentina Za MILAN (Reuters) – State-owned Italian bank Monte dei Paschi di Siena (MPS) said four more banks had agreed to back its upcoming 2.5 billion euro ($2.6 billion) cash call, as it moves to fend off a fresh legal challenge. The Tuscan bank needs more cash five years after an 8 billion euro...
UK’s Sunak criticised for claiming he diverted funds from deprived areas
Date: August 5, 2022
By William James LONDON (Reuters) – Rishi Sunak, trailing in the two-horse race to replace British Prime Minister Boris Johnson, faced criticism on Friday for saying he had previously instigated policy changes to divert funding away from deprived urban areas. The ruling Conservative Party is choosing a new leader after Johnson was forced to quit...
U.S. dollar jumps across the board after strong U.S. jobs report
Date: August 5, 2022
By Caroline Valetkevitch NEW YORK (Reuters) -The dollar rallied across the board on Friday after a stronger-than-expected U.S. July payrolls report suggested the Federal Reserve may need to continue raising interest rates for the near term. The U.S. dollar index, which measures the greenback against a basket of currencies, sharply extended gains following the report,...
Women’s soccer gear in demand after historic England win
Date: August 5, 2022
By Richa Naidu LONDON (Reuters) – Weekly sales of women’s soccer gear have tripled since the start of the women’s European Championship that ended on Sunday with an historic England win, according to retailer Fanatics Inc, which sold official merchandise for the tournament. The spike in sales demonstrates the growing appeal of the women’s sportswear...
Explainer: What are the snags in Germany’s gas levy on consumers?
Date: August 5, 2022
By Markus Wacket and Vera Eckert FRANKFURT (Reuters) – Germany’s cabinet agreed late on Thursday to impose a gas price levy on consumers, aiming to help struggling importers including Uniper cope with soaring prices due to reduced Russian supply. The levy aims to share the additional cost of replacing gas from Russia among all users,...