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Britain proposes safety net against failing stablecoins
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B2B specialist PR agency The Digital Voice announces four key account wins as it celebrates its tenth birthday
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FOREX Chooses Diebold Nixdorf for Comprehensive ATM Managed Services Deal
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Bank of Spain sees EU GDP hit by up to 4.2% if Russia imports banned
Euro’s losses deepen after inflation data
Date: May 31, 2022
By Saikat Chatterjee LONDON (Reuters) – The euro’s losses deepened on Tuesday after data showing euro zone inflation hit a record high in May, but expectations the European Central Bank will soon hike rates kept the single currency on track for its best monthly performance in a year. Rising inflation is usually considered a precursor...
Record high inflation pushes eurozone shares to session lows
Date: May 31, 2022
By Susan Mathew (Reuters) -Eurozone shares hit session lows on Tuesday after data showed inflation rose to a record high in May, spurring bets of bigger interest rate hikes by the European Central Bank (ECB). Inflation in the 19 countries sharing the euro accelerated to 8.1% in May from 7.4% in April, beating expectations for...
Exclusive-Credit Suisse weighs options to strengthen capital – sources
Date: May 31, 2022
By Oliver Hirt ZURICH (Reuters) -Credit Suisse is in the early stages of weighing options to bolster its capital after a string of losses has eroded its financial buffers, two people with knowledge of the matter told Reuters. The size of the increase would be likely to exceed 1 billion Swiss francs ($1.04 billion), but...
UK credit card borrowing soars by most since 2005 as cost-of-living squeeze tightens
Date: May 31, 2022
By Andy Bruce and David Milliken LONDON (Reuters) – Credit card borrowing in Britain rose last month at the fastest annual rate since 2005, possibly reflecting a worsening cost-of-living squeeze that may now be starting to slow the housing market, Bank of England data suggested on Tuesday. The BoE said credit card borrowing was 11.6%...
Uvalde begins to bury its dead in wake of school massacre
Date: May 31, 2022
By Brad Brooks and Daniel Trotta UVALDE, Texas (Reuters) – The grieving Texas town of Uvalde begins laying to rest the 21 school children and teachers who were killed in a mass shooting at an elementary school a week ago, with two funerals scheduled Tuesday for two 10-year-old girls. According to obituaries on the websites...
China to halve purchase tax for small-engine cars
Date: May 31, 2022
SHANGHAI (Reuters) -China’s purchase tax for small-engine cars will be halved, the s Ministry of Finance said on Tuesday, in a move to boost auto sales and support an economy damaged by locked downs imposed in major cities to stamp out outbreaks of COVID-19 . The government will cut the tax for cars priced at...