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Glimmers of hope as global trade talks stretch into final day
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Central banks opt for shock and awe to tame inflation
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Cavai appoints Mats Persson as CEO
Investing
Analysis-Investors brace for recession, more market turmoil after Fed’s supersized hike
Soccer-Manchester City to begin Premier League title defence at West Ham
Date: June 16, 2022
(Reuters) – Manchester City will begin their Premier League title defence with a trip to West Ham United, while the season will kick off with a London derby for the second year in a row as Crystal Palace host Arsenal. Liverpool, who finished second last season, will travel to newly-promoted Fulham, and Nottingham Forest will...
UK shares slide as BoE rate hike looms; ASOS tumbles on profit warning
Date: June 16, 2022
By Devik Jain (Reuters) – London stock indexes fell on Thursday as investors braced for the fifth interest rate hike by the Bank of England in its quest to combat inflation nearing double-digits, while a profit warning by online fashion retailer ASOS hit the retail sector. The FTSE 100 index slipped 1.4%, weighed down by...
EU may fall behind Digital Decade goals, report warns
Date: June 16, 2022
By Supantha Mukherjee STOCKHOLM (Reuters) – The European Union risks falling behind its Digital Decade goals by 10 years unless the governments focus on bridging the skills gap, according to a report by strategic consultancy Public First. Last year the European Commission presented a 2030 vision that aims to transform the region with 80% of...
Novak says Russia can increase oil production in July
Date: June 16, 2022
(Reuters) – Russia plans to increase oil production next month as export flows are being redirected to avoid Western sanctions, energy officials said on Thursday, predicting domestic oil output would be either flat or decline slightly this year. “In fact, we are close to the February levels when we had it (oil production) at 10.2...
Britain’s FCA urges lenders to do more to aid borrowers in cost of living crises
Date: June 16, 2022
LONDON (Reuters) – Britain’s Financial Conduct Authority (FCA) said on Thursday it was writing to more than 3,500 lenders to demand greater support for consumers struggling with soaring costs of living, after uncovering “serious failings” at more than 30 credit providers. The watchdog, which is responsible for supervising the activities of large banks as well...
France’s Macron, Germany’s Scholz and Italy’s Draghi on their way to Ukraine
Date: June 16, 2022
PARIS (Reuters) – French President Emmanuel Macron, German Chancellor Olaf Scholz and Italian Prime Minister Mario Draghi have taken the night train to join Ukraine capital Kyiv, the French presidential said on Thursday, confirming earlier reports. France’s Ambassador to Kyiv, Etienne de Poncins, published on his Twitter account a photo taken published by the Italian...