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‘Wind of change’ in Europe as path to EU opens for Ukraine
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French June business activity was weaker than forecast -flash PMI
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French parties brush off Macron appeal to unblock parliament
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German economy loses momentum at the end of Q2 – PMI
Swiss ‘zero star hotel’ offers sleepless nights to ponder world’s crises
Date: June 23, 2022
By Denis Balibouse SAILLON, Switzerland (Reuters) – “I couldn’t sleep,” and “my room was too noisy,” may be complaints hoteliers dread from guests, but for the Riklin brothers that is the entire point of their latest ‘zero star hotel’ art installation. The Swiss concept artists’ hotel room is essentially a double bed on a platform,...
Oil falls as investors eye recession risks
Date: June 23, 2022
By Yuka Obayashi TOKYO/SINGAPORE (Reuters) -Oil prices continued to retreat on Thursday as investors reassessed the risks of recession and the impact of interest rate hikes in major economies on fuel demand. U.S. West Texas Intermediate (WTI) crude futures fell $1.4, or 1.3%, to $104.78 a barrel by 0643 GMT. Brent crude futures fell $1.3,...
London’s Heathrow raises passenger traffic, cost forecasts
Date: June 23, 2022
(Reuters) – London’s Heathrow said on Thursday demand for travel has been stronger than expected, prompting Britain’s busiest airport to raise its passenger number forecast for the year, while costs are also on the rise. Heathrow raised the forecast to 54.4 million from 53 million it had anticipated last month and said it was working...
Leaping debt costs add to UK government borrowing in May
Date: June 23, 2022
By William Schomberg and Andy Bruce LONDON (Reuters) – Surging debt interest costs triggered by the leap in inflation forced the British government to borrow more than expected in May at 14 billion pounds ($17.14 billion), according to official data published on Thursday. Economists polled by Reuters had a median forecast of 12.0 billion pounds...
Taming inflation, policy failures and a generation of investors with a skewed sense of risk
Date: June 22, 2022
By Charles-White Thomson, Chief Executive Officer at Saxo Markets UK Moral hazard has skewed retail investors’ approach to risk, with the view that central banks and policy makers always ride to the rescue of investors, providing portfolio safety nets, with cheap money and loose monetary policy and that is a high-risk strategy. The recent large price declines,...
World Well-being Week – Did We Learn Anything About Mental Health From The Pandemic?
Date: June 22, 2022
By Thom Dennis, CEO of Serenity in Leadership With World Well-being Week commencing on 27th June, did we learn anything about prioritising our health at work from the pandemic or are we simply going back to the way things were? For many, the jury is still out. The Stevenson/Farmer review, Thriving at Work, in October...