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Britain’s LGIM votes against fewer companies for climate failures
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Ryanair CEO says summer fares will be up 7%-9% on 2019 levels
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B2B2C: Key Players on The Rise
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UK says no reason for EU to take legal action over N. Ireland law
Nearly half of Japan firms see weak yen as bad for business – survey
Date: June 14, 2022
TOKYO (Reuters) – Nearly half of Japanese companies see the weak yen as bad for their business, a private survey showed on Tuesday, suggesting the currency’s recent sharp decline is hurting business sentiment and clouding the economic outlook. The yen’s decline to a 24-year low against the dollar is inflating the cost of raw material...
Financials keep FTSE 100 steady after five straight days of losses
Date: June 14, 2022
By Devik Jain (Reuters) -UK shares steadied on Tuesday, with some positive impetus from financial stocks and several strong earnings updates, a day after economic slowdown concerns dragged the main British indexes to their fifth straight session of losses. The FTSE 100 was up 0.3% by 0817 GMT, with shares in Asian-focused British bank HSBC...
U.N. chief says the dash for new fossil fuels is ‘delusional’
Date: June 14, 2022
By Kate Abnett BRUSSELS (Reuters) – Rich countries have made a dangerous dash for fossil fuels in response to the Ukraine war, the U.N. secretary-general said on Tuesday, warning that new investments being made in coal, oil and gas were “delusional” given their impact on climate change. “The energy crisis exacerbated by the war in...
Nigeria to require social media platforms to open local offices
Date: June 14, 2022
ABUJA (Reuters) – Online platforms like Twitter, Facebook and Tiktok will be required to register and open offices in Nigeria and appoint contact persons with the government, draft regulations from the information technology development agency show. The code of practice for “interactive computer service platforms/internet intermediaries” was meant to curb online abuse, including disinformation and...
European stocks stabilise after inflation-driven rout
Date: June 14, 2022
(Reuters) -European equities inched higher on Tuesday as investors snapped up beaten-down shares following a bruising selloff in the previous session on worries over aggressive U.S. interest rate hikes and a potential recession. The continent-wide STOXX 600 index edged up 0.1% after sliding 2.4% to over three-month lows on Monday. Battered banks and oil &...
Austria announces 6 billion euro package to address cost-of-living crisis
Date: June 14, 2022
VIENNA (Reuters) -Austria’s conservative-led government on Tuesday announced a package of measures, which it said would cost six billion euros ($6.3 billion) this year, aimed at cushioning the blow to households of the rising cost of living. The measures include increasing or topping up various benefits, including a 300 euro payment this year to vulnerable...