Top Stories
Top Stories
Russia bans Western investors from selling banking, key energy stakes
Top Stories
U.S. job growth surges in July as labor market defies recession fears
Top Stories
Switzerland’s new energy asset: hydro plant with capacity to charge 400,000 car batteries
Top Stories
Factbox-Wildfires breaking out across the world
Heatwaves and high energy prices leave Spain on thin ice
Date: August 5, 2022
By Marco Trujillo and Silvio Castellanos MADRID (Reuters) – Ice is a hot commodity in Spain, with supermarkets limiting how much people can buy and bars running low on cubes for sangrias and cocktails due to scorching heatwaves and high energy prices. At the start of the year, ice makers held back from producing their...
Factbox-What is central bank independence?
Date: August 5, 2022
(Reuters) – Talk of changes to the Bank of England’s powers has revived a debate on whether central banks should be independent of governments and in what way. Central bankers are tasked with preserving the value a currency by keeping inflation in check. For this purpose many of them are shielded from political pressure from...
Analysis-East Europe’s party is over as double-digit inflation bites
Date: August 5, 2022
By Krisztina Than ESZTERGOM, Hungary (Reuters) – In the weeks that followed Russia’s invasion of Ukraine, western Europe’s big economies began to falter. But further east it was still boom-time thanks to double-digit wage hikes and generous state handouts in some countries. Not any more. A sharp slowdown in retail sales and plunging confidence indicators...
Russian equities brace for selling pressure as fraction of foreign investors return
Date: August 5, 2022
MOSCOW (Reuters) – Russian stocks are expected to decline in August as investors from so-called “friendly” countries, a fraction of foreign investment power, return to the unchartered waters of an equity market now offering huge risks and insufficient transparency. Foreign investors have not had access to the Russian stock market since Feb. 25, the day...
Europe’s summer travel chaos
Date: August 5, 2022
(Reuters) – Strikes and staff shortages are forcing airlines to cancel thousands of flights and causing hours-long queues at major airports, dashing hopes for a sizzling first summer following widespread COVID-linked lockdowns. Here is a summary of some of the key developments: LABOUR UNREST After sweeping job cuts and pay cuts when COVID-19 brought travel...
British ‘store cupboard classics’ get a makeover – as ice cream
Date: August 5, 2022
By Natalie Thomas LONDON (Reuters) – Ever wondered what baked bean ice cream tastes like? Londoners basking under Britain’s hottest ever summer are getting the chance to find out, and sample a range of other flavours more readily associated with savoury winter dishes – including porridge oats and HP sauce. “There’s lots of weird flavours...