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Pound reclaims $1.20 but headwinds keep blowing
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Forever 21 takes third crack at China with new bricks and mortar store
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Bitcoin tumbles as crypto sell-off accelerates
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Ryanair drops Afrikaans test after backlash in South Africa
European stocks jump as ECB holds surprise meeting
Date: June 15, 2022
By Sruthi Shankar (Reuters) -European stocks rallied on Wednesday, with banks leading the gains, after the European Central Bank said its rate-setting Governing Council would hold an unscheduled meeting to discuss the recent sell-off in government bond markets. An index of euro zone shares climbed 1.5%, while the pan-European STOXX 600 added 1%. Italian bank...
BP buys into Australian wind, solar, hydrogen mega-project
Date: June 15, 2022
By Sonali Paul and Ron Bousso MELBOURNE (Reuters) -BP plc has agreed to buy a 40.5% stake and become operator of an Australian renewable energy project that could become one of the world’s biggest producers of green hydrogen, the global oil major said, without disclosing how much it paid. The Asian Renewable Energy Hub (AREH)...
Drivers shrug off soaring fuel prices, for now
Date: June 15, 2022
By Shadia Nasralla and Ahmad Ghaddar LONDON (Reuters) – Drivers around the world are tolerating record-high prices for road fuels, as mobility wins out for now over other spending in squeezed household budgets, data showed. The high prices have not yet breached the pain threshold for drivers in major demand centres. But that might change...
European smartphone market falls 12% in Q1, Counterpoint says
Date: June 15, 2022
STOCKHOLM (Reuters) – The European smartphone market declined by 12% in the first quarter of the year, registering the lowest shipments in the period for nearly a decade, according to a report from Counterpoint Research. The fall was a result of ongoing component shortages, COVID-19 related lockdowns in China, deteriorating economic conditions and the onset...
Harry Potter publisher hands out meaty dividend after bumper profits
Date: June 15, 2022
(Reuters) – Bloomsbury Publishing Plc on Wednesday reported a 40% jump in annual profit and raised its final dividend payout by about a quarter, buoyed by a reading boom which stayed even after the pandemic lockdowns. The London-listed publisher, best known for picking up J.K. Rowling’s Potter series in 1997 after its rejection by a...
Global tech on edge as WTO weighs e-commerce tariffs
Date: June 15, 2022
By Philip Blenkinsop GENEVA (Reuters) – The global technology industry is pressing the World Trade Organization to exempt data flows from cross-border tariffs, saying a failure to do so would undermine a global recovery already threatened by spiralling prices. The WTO’s 164 members will present their views on the topic on Wednesday, the final scheduled...