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French business activity slowed slightly in May -PMI
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Supply chain, labour snags delay CFM jet engines -sources
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Marketmind: I know what you’ll do this summer
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UK borrowing for 2021/22 revised down by 7 billion pounds
Over one fifth of Britons ‘struggling’ to make ends meet -Kantar
Date: May 24, 2022
By James Davey LONDON (Reuters) – Over one fifth of British households described themselves as “struggling” to make ends meet as grocery price inflation hit 7.0% in the four weeks to May 15, its highest level in 13 years, market researcher Kantar said on Tuesday. It said within the 22% of shoppers struggling financially, the...
Meat producer Cranswick maintains 2023 outlook on tight check on costs
Date: May 24, 2022
(Reuters) -British meat producer Cranswick on Tuesday stood by its outlook for the current fiscal year and reported higher annual profit, as it continues to rein in costs stemming from inflation, labour shortages, and supply chain issues. Cranswick, which traces its roots to a pig farming collective in Yorkshire, said the price of cereals, which...
South Korea to call at Davos for COVID aid for North – envoy
Date: May 24, 2022
By Hyonhee Shin SEOUL (Reuters) – South Korea will issue a call this week at the World Economic Forum for COVID-19 vaccines and other medical help for North Korea, even if that means exemptions from U.N. sanctions imposed over its nuclear programme, a senior official said on Tuesday. Secretive North Korea went for more than...
Cryptoverse: Is the end of the bitcoin winter nigh?
Date: May 24, 2022
By Medha Singh and Lisa Pauline Mattackal (Reuters) – The crypto winter is into its ninth week and bitcoin can’t shake the chills. From technicals to turnover, market indicators are flashing red or amber for the biggest cryptocurrency, which has lost a third of its value in just two months. So what now? Bitcoin’s limited...
Ukraine reveals 87 killed in strike on barracks, worst military loss of war
Date: May 23, 2022
By Pavel Polityuk and Natalia Zinets KYIV/MARIUPOL (Reuters) -Kyiv revealed its worst military losses from a single attack of the Ukraine war on Monday, saying 87 people had been killed last week when Russian forces struck a barracks housing troops at a training base in the north. The disclosure that scores had been killed in...
Swiss National Bank will not hesitate to tighten monetary policy – Maechler
Date: May 23, 2022
ZURICH (Reuters) -The Swiss National Bank will tighten monetary policy if inflation in Switzerland remains persistently high, governing board member Andrea Maechler said in an interview published on Monday. The European Central Bank on Monday became the latest institution to signal it was hiking rates to combat soaring inflation, following similar moves by the U.S....