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European retail shares slide to lowest since outbreak of COVID crisis in 2020
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H&M closes Shanghai flagship store, hurt by lockdowns and consumer backlash
Ukrainians set to quit embattled Sievierodonetsk as Russians inch forward
Date: June 24, 2022
By Max Hunder KYIV (Reuters) – Ukraine signalled on Friday its troops were withdrawing from the city of Sievierodonetsk, scene of weeks of heavy fighting, a move that would be a significant setback in its struggle to defeat Russian forces. Provincial governor Serhiy Gaidai said troops in the city had already received the order to...
Swiss customs reviews import of Russian gold in May
Date: June 24, 2022
ZURICH (Reuters) – Swiss customs officials are looking into the import of 3.1 tonnes of Russian gold in May to see whether the deals via Britain might have violated sanctions imposed on Russians over Moscow’s invasion of Ukraine, the government said on Friday. Customs data on Tuesday showed Switzerland imported around $200 million worth of...
Italian business confidence climbs in June, consumer morale tumbles
Date: June 24, 2022
ROME, June 24 (Reuters) – Morale amongst Italian businesses rose in June across all the main sectors, but consumer morale tumbled during the month, data showed on Friday. National statistics institute ISTAT’s manufacturing confidence index climbed to 110.0 in June from a revised 109.4 in May, higher than a median forecast of 108.5 in a...
Spanish Q1 economic growth slows to 0.2% q/q, 6.3% y/y, data shows
Date: June 24, 2022
(Reuters) -The Spanish economy grew 0.2% in the first quarter of 2022, slowing from a 2.2% growth rate in the last three months of 2021, final official data showed on Friday. On an annual basis the economy expanded 6.3%, after rising 5.5% in the fourth quarter of 2021, statistics agency INE said. The growth rate...
Rouble stays near 7-yr peaks, OFZ bonds climb higher
Date: June 24, 2022
(Reuters) – The Russian rouble stabilised near seven-year peaks on Friday, supported by capital controls and high prices for Russian exports, such as oil and gas, while OFZ government bond prices climbed higher. At 0715 GMT, the rouble was 0.1% weaker against the dollar at 53.50, near its strongest level since mid-2015 of 52.80 it...
Britons, shaken by cost-of-living squeeze, cut back on shopping
Date: June 24, 2022
By William Schomberg LONDON (Reuters) -British consumers cut back on shopping in May in the face of fast-rising inflation, and a measure of their confidence sank to a record low this month, according to data that underscored the scale of the cost-of-living squeeze. The Office for National Statistics said on Friday that sales volumes in...