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Ukraine works to resume grain exports, Russian shells targets in east
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Swiss bank Julius Baer freezes hiring after market downturn hits earnings
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Dutch retailer SPAR to enter Israeli market amid soaring living costs
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French retailer Leclerc warns it could cut hours to cope with energy shortage
One fifth of UK households had ‘negative disposable income’ in June, says Asda
Date: July 25, 2022
LONDON (Reuters) – One fifth of British households had “negative disposable income” last month, with a shortfall between what they earned and what they needed to spend on essentials, UK supermarket group Asda said on Monday. Confidence levels among Britain’s consumers are at record lows as they struggle with the accelerating cost of living. Wages...
Thailand probing potential losses for users of crypto platform Zipmex
Date: July 25, 2022
BANGKOK (Reuters) – Thailand’s Securities and Exchange Commission said on Monday it was working with law enforcement to look into potential losses among the public after the crypto exchange Zipmex temporarily suspended withdrawals last week. The SEC said in a statement it was asking impacted users of Zipmex to submit information via an online forum...
‘Missile alert’: Taiwan holds air-raid exercise amid China tension
Date: July 25, 2022
TAIPEI (Reuters) -Roads emptied and people were ordered to stay indoors in parts of Taiwan, including its capital Taipei, on Monday for an air-raid exercise as the island steps up preparations in the event of a Chinese attack. Sirens sounded at 1:30 p.m. (0530 GMT) for the mandatory street evacuation drills, which effectively shut towns...
Pound struggles around $1.20 on economy worries
Date: July 25, 2022
LONDON (Reuters) – Sterling held around the $1.20 level versus the U.S. dollar on Monday as traders worried about the outlook of the British currency after recent dismal data before a widely expected U.S. interest rate hike this week. Versus the U.S. dollar, the pound held around $1.2005, a shade below Friday’s high of $1.2064...
UK shares slip as slowdown fears sap risk appetite
Date: July 25, 2022
By Bansari Mayur Kamdar (Reuters) – Britain’s commodity-heavy FTSE 100 tracked a decline in oil and mining stocks on Monday as hawkish central banks stoke recession worries, while investors await corporate results from Europe and the United States. The benchmark FTSE 100 index fell 0.2% in morning trade. Oil majors Shell and BP declined 1.6%...
Philips shares hit 9-year low on weak quarter and guidance cut
Date: July 25, 2022
By Toby Sterling AMSTERDAM (Reuters) -Dutch medical equipment maker Philips posted a bigger-than-expected drop in second-quarter core earnings on Monday, saying supply shortages and lockdowns in China had dented sales. Shares fell 6.9% to 20.24 euros at 0726 GMT, a nine-year low, and are down 38% in the year to date. The company cut its...