top-stories
Top Stories
Bank of England’s Bailey explains rate hike
Top Stories
China will roll out more support measures to stabilise jobs – cabinet
Top Stories
ECB sees sequence of moves to lift rates into positive territory: Lane
Top Stories
Pope uses wheelchair in public for first time since knee pain flare-up
‘Japan is a buy,’ PM Kishida tells City of London
Date: May 5, 2022
By Tommy Wilkes and Muvija M LONDON (Reuters) – Japanese Prime Minister Fumio Kishida took his appeal for foreign investment to the bankers and investors of the City of London on Thursday, saying his shift to an upgraded version of capitalism would spur economic growth. In a speech at the medieval Guildhall at the heart...
Italy launches security probe as tempers fray over Russians on TV
Date: May 5, 2022
By Gavin Jones ROME (Reuters) – An Italian parliamentary panel has opened an investigation into “disinformation” on television amid a heated debate over the frequent appearance of Russian guests on the country’s news programmes during the war in Ukraine. The Parliamentary Committee for the Security of the Republic (Copasir) which oversees the intelligence services, said...
Chemicals group Lanxess says Russian gas embargo would hit profit
Date: May 5, 2022
By David Latona (Reuters) -German speciality chemicals maker Lanxess on Thursday said a potential embargo on Russian gas would weigh on its production and core profit this year, after releasing upbeat guidance for the current quarter. The Cologne-based group said a complete freeze on Russian gas imports would have an estimated direct negative effect of...
Bank of England raises rates to 1% despite looming recession risk
Date: May 5, 2022
By William Schomberg and David Milliken LONDON, May 5 (Reuters) – The Bank of England raised interest rates to their highest since 2009 at 1% on Thursday to counter inflation now heading above 10%, even as it sent a warning that Britain risks falling into recession. The BoE’s nine rate-setters voted 6-3 for the quarter-point...
UK’s Channel 4 reveals plan to tap capital as alternative to a sale
Date: May 5, 2022
LONDON (Reuters) – Channel 4, the publicly-owned British broadcaster that the government wants to sell, published its alternative plan to privatisation on Thursday, including setting up a joint venture that would own the rights to commercialise shows globally. The government announced last month it had decided to sell the broadcaster, saying it would struggle to...
Why NOPEC, the U.S. bill to crush the OPEC cartel, matters
Date: May 5, 2022
By Timothy Gardner WASHINGTON (Reuters) -A U.S. Senate committee is expected to pass a bill on Thursday that could open members of the Organization of the Petroleum Exporting Countries and its partners to antitrust lawsuits for orchestrating supply cuts that raise global crude prices. The No Oil Producing and Exporting Cartels (NOPEC) bill is intended...