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Rolls Royce offers cash to workers facing high cost of living
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UK manufacturers’ price expectations fall to 9-month low – CBI
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Ukraine on course for EU candidacy at summit, EU says
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Spain-based cabin crew at easyJet plan July strike
BoE’s Pill says rate rises are a blunt tool, cannot fine-tune sterling
Date: June 21, 2022
By David Milliken and Andy Bruce LONDON (Reuters) – The Bank of England’s monetary policy must focus on its main goal of controlling inflation, rather than trying too hard to stabilise the exchange rate or economic activity, its chief economist Huw Pill said on Tuesday. A day earlier, BoE Monetary Policy Committee member Catherine Mann...
No need for highest German alert over gas supply, sector lobby says
Date: June 21, 2022
ESSEN (Reuters) – Germany does not need to move to its highest emergency plan to prepare for possible disruption to piped supply of Russian gas, its gas industry trade association said on Tuesday. “That point does not yet make sense,” Timm Kehler, managing director of the Zukunft Gas lobby, said at a trade fair in...
Sterling rises as BoE’s Pill sees further rate rises ahead
Date: June 21, 2022
By Joice Alves LONDON (Reuters) – The pound rose against the U.S. dollar on Tuesday as hawkish comments from Bank of England policymakers continued to support the currency, with an equity rally also helping risk-sensitive sterling. After a three-week losing streak versus the dollar, the British pound rose 0.5% to $1.2310, moving away from a...
COVID mistakes can’t be repeated this winter, says German hotel industry
Date: June 21, 2022
BERLIN (Reuters) – German hotels are still limping towards recovery after the pandemic, and lawmakers need to prepare now to be ready for the coming winter, said the head of the DEHOGA hospitality body. Despite pent-up demand, the industry is facing a possible third year of losses in 2022, with 57% of businesses reporting lower...
Vitol CEO says more Russian crude and products set for Asia in 2023
Date: June 21, 2022
DOHA (Reuters) – More Russian crude oil and products will head to Asian markets in 2023 while Europe will turn more to the Middle East to buy diesel, Vitol CEO Russell Hardy said on Tuesday. Hardy also said tight energy markets would persist until demand slows. “Its tough to see markets really giving up much...
UK watchdog to review post-Brexit Visa and Mastercard fees
Date: June 21, 2022
By Huw Jones LONDON (Reuters) -Britain’s payment systems regulator (PSR) will conduct two market reviews of card fees charged by Visa and Mastercard, the U.S. companies that account for 99% of debit and credit card payments in the UK. The PSR’s announcement on Tuesday follows heavy pressure from lawmakers to launch full market reviews to...