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Pound struggles around $1.20 on economy worries
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Dollar down for third straight session with Fed in focus
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Analysis: Orange-MasMovil deal a test case for European telecom tie-ups
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Tesla raises spending plan, discloses new subpoena on Musk’s 2018 tweet
BoE torn over whether to join big rate hike club
Date: July 25, 2022
By William Schomberg LONDON (Reuters) – The Bank of England must decide next week whether to join the ranks of central banks rushing out their biggest interest rate hikes in decades, or whether the warning signs of a recession mean it should tread more cautiously. The BoE was the first big central bank to increase...
Exodus of Ukrainian workers hits Europe’s emerging economies
Date: July 25, 2022
By Fanny Brodersen, Anna Koper and Michael Kahn GORZOW WIELKOPOLSKI, Poland (Reuters) – Construction sites, factory assembly lines and warehouses across central Europe are scrambling to fill vacancies after tens of thousands of Ukrainian men left their blue-collar jobs to return home after Russia invaded their country. Ukrainian workers had flocked to central Europe in...
Britain to host 2023 Eurovision Song Contest on Ukraine’s behalf
Date: July 25, 2022
LONDON (Reuters) – Britain will host next year’s Eurovision Song Contest on behalf of winners Ukraine due to the ongoing conflict there, the competition’s organisers said on Monday. While decades-long tradition dictates that the winner of the contest gets to host it the following year, the European Broadcasting Union (EBU) had said safety and security...
Ryanair eyes return to pre-COVID profit but recovery ‘fragile’
Date: July 25, 2022
By Conor Humphries DUBLIN (Reuters) – Ryanair expects to return to pre-COVID profit levels this year or next but the recovery remains fragile and could still be knocked off course by oil prices, geopolitics or an Omicron wave, Chief Executive Michael O’Leary said on Monday. O’Leary was speaking after his airline, Europe’s largest by passenger...
Tesla gets second SEC subpoena over Musk’s 2018 go-private tweet
Date: July 25, 2022
(Reuters) -Tesla Inc on Monday disclosed it has received a second subpoena from the U.S. Securities and Exchange Commission over its Chief Executive Elon Musk’s tweets in 2018 about taking the electric automaker private. Tesla said in a filing that it received the subpoena on June 13. The regulator had initially subpoenaed the company in...
Quarter of firms reach Lloyd’s of London 35% target for women leaders
Date: July 25, 2022
LONDON (Reuters) – A quarter of firms operating at Lloyd’s of London have reached the commercial insurance market’s target for 35% of leaders to be women, though progress on diversity was “incremental”, Lloyd’s said in a report on Monday. Lloyd’s has been trying to improve diversity in the market, which employs around 45,000 people in...