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Kishida to become first Japan PM to attend NATO summit
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Fashion retailer H&M’s sales jump, but investors fret over margins
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The Baltic states want more NATO. They won’t get all they seek
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Franklin Templeton’s Zahn says new ECB tool unlikely for now
Euro zone trade deficit almost doubles in April
Date: June 15, 2022
BRUSSELS (Reuters) – The euro zone’s trade deficit almost doubled in April from the previous month after an already record expansion in March, and industrial production increased over the same period on the month, official data showed on Wednesday. The European Union’s statistics office Eurostat said the 19 countries sharing the euro recorded a trade...
WTO makes final push for trade deals, with eyes on defiant India
Date: June 15, 2022
By Philip Blenkinsop and Emma Farge GENEVA (Reuters) -The World Trade Organization on Wednesday extended its negotiations by a day amid growing doubts they would find consensus on any change to global trade rules and India adamant it would not yield on food, fisheries and vaccines. During the WTO’s ministerial conference this week, its first...
UK travel and leisure firms gets summer travel boost
Date: June 15, 2022
By Sinchita Mitra and Amna Karimi (Reuters) -British retailer WH Smith and hotel group Whitbread are seeing business return to pre-pandemic levels, with pent-up demand for summer vacations boosting the leisure industry’s recovery from the COVID-19 crisis. WH Smith, which has shops at airports and railway stations, said on Wednesday its revenue in the third...
Swiss cut economic growth forecasts, citing war risks and inflation
Date: June 15, 2022
By John Revill ZURICH (Reuters) -Switzerland became the latest country to downgrade its economic growth forecasts on Wednesday, with the government warning risks stemming from the war in Ukraine and food and energy inflation have increased. The Swiss economy is expected to expand by 2.6% in 2022, the State Secretariat for Economic Affairs (SECO) said,...
Analysis-East Europe’s next inflation problem: wages racing with prices
Date: June 15, 2022
By Gergely Szakacs BUDAPEST (Reuters) – With prices surging, 24-year-old Noemi Turi presented her employer in Budapest with a pay request 16% above what she considered acceptable just a few months ago as double-digit inflation across East Europe fuels wage demands. The small business, where the Hungarian university student works as a social media manager...
Analysis-South Korea truckers’ win no harbinger of labour market peace
Date: June 15, 2022
By Choonsik Yoo and Heekyong Yang SEOUL (Reuters) – South Korea’s unionised truckers drove a strong bargain with their largely peaceful strike action proving effective without antagonising a public largely unsympathetic towards unions after years of militant action. But the group of ageing drivers are often seen as outliers in the country’s combative and politicised...