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With a dash of spice, Reliance and Britain’s Pret bet on India’s changing tastes
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Germany tells ECB: We’re doing our bit to fight inflation
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Why sentiment in industrial metals has been crumbling
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Factbox: Western companies in Russian oil and gas sector
Dollar boosted by safety bid on rising recession fears
Date: July 1, 2022
By Karen Brettell NEW YORK (Reuters) – Pessimism about the outlook for the global economy boosted demand for the safe haven U.S. dollar on Friday while the Australian dollar, a proxy for global growth, tumbled to a two-year low. Rampant inflation and a rush by central banks to raise rates and stem the flow of...
China’s top three airlines to buy almost 300 Airbus planes
Date: July 1, 2022
BEIJING/SYDNEY (Reuters) -China’s three biggest state-owned airlines announced plans on Friday to buy a total of almost 300 Airbus jets, the biggest plane order by Chinese carriers since the start of the pandemic and a major boost to the European planemaker in a key market. Air China and China Southern Airlines said in separate stock...
Factbox-Europe’s summer travel chaos
Date: July 1, 2022
(Reuters) – Strikes and staff shortages are forcing airlines to cancel thousands of flights and causing hours-long queues at major airports, dashing hopes of a sizzling first summer after COVID lockdowns. Here is a summary of some of the developments: LABOUR UNREST: After job cuts and pay cuts when COVID-19 brought travel to a grinding...
EU agrees rules to tame ‘Wild West’ crypto market
Date: July 1, 2022
By Huw Jones and Tom Wilson LONDON (Reuters – Cryptocurrency companies will need a licence and customer safeguards to issue and sell digital tokens in the European Union under groundbreaking new rules agreed by the bloc to tame a volatile “Wild West” market. Globally, crypto assets are largely unregulated, with national operators in the EU...
EU agrees rulebook for ‘Wild West’ crypto markets
Date: July 1, 2022
By Huw Jones and Tom Wilson LONDON (Reuters) – The European Union on Thursday reached a provisional deal on the world’s first set of comprehensive rules to regulate what one lawmaker called the “Wild West” crypto market. WHAT ARE THE NEW RULES? Crypto firms that want to issue and sell digital tokens in an EU...
Amazon and BT share UK rights to European soccer
Date: July 1, 2022
By Paul Sandle LONDON (Reuters) -Amazon.com will start showing European Champions League soccer in Britain from 2024 joining current rights holder BT, which has agreed a lower priced deal to show the majority of matches in the top-flight competition. Amazon said it had secured Tuesday night top-pick matches, which will always feature an English team...