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Analysis-Europe’s diesel drivers bound for more Russian price pain
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UK factory output slows, price pressures come off peak – CBI
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Russia says grain deal stands despite missile attack on Ukraine’s Odesa
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Vodafone sees progress in resolving Germany issues
Dollar slips, riskier currencies gain as market rebounds
Date: July 25, 2022
By Elizabeth Howcroft LONDON (Reuters) – The dollar fell and major rivals gained on Monday as risk appetite returned to currency markets and investors weighed up the possible impact of an expected U.S. rate hike this week. Currency markets were choppy. The safe-haven dollar had initially gained in early European trading hours, following a cautious...
Germany on cusp of recession, says Ifo, as business sentiment sinks
Date: July 25, 2022
BERLIN (Reuters) – German business morale fell more than expected in July, the Ifo business sentiment survey showed on Monday, as the institute that compiles it said high energy prices and looming gas shortages had left Europe’s largest economy on the cusp of recession. The Ifo institute’s closely watched business climate index dropped to 88.6,...
Lufthansa ground staff to strike over 9.5% pay claim
Date: July 25, 2022
By Maria Sheahan BERLIN (Reuters) – Ground staff at Deutsche Lufthansa will stage a one-day strike on Wednesday in pursuit of a 9.5% pay claim, adding to travel disruption during the busy summer travel season. Strikes and staff shortages have already forced airlines including Lufthansa to cancel thousands of flights and caused hours-long queues at...
Britain’s health service facing worst staffing crisis, say lawmakers
Date: July 25, 2022
By Sachin Ravikumar LONDON (Reuters) – Britain’s state-run National Health Service (NHS) is facing its worst ever staffing crisis with thousands of vacancies and the government has no credible strategy to address the problem, a committee of lawmakers said in a report published on Monday. Tackling a health service staggering under the combined pressure of...
Bank of England policymakers torn on need for big rate move next week
Date: July 25, 2022
LONDON (Reuters) – The Bank of England is weighing up whether to raise interest rates by the most since 1995 next week in order to stop the surge in inflation from becoming a long-term problem for Britain’s economy. The BoE has raised rates five times since December with three of the Monetary Policy Committee’s nine...
Eutelsat in talks on possible all-share merger with UK’s OneWeb
Date: July 25, 2022
By Dominique Vidalon and Mathieu Rosemain PARIS (Reuters) -French satellite company Eutelsat said it was in talks over a possible all-share merger with British rival OneWeb, which could help both companies challenge the likes of Elon Musk-owned SpaceX’s Starlink and Amazon.com’s Project Kuiper. Eutelsat’s statement on Monday came after two sources close to the negotiations...