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Extreme weather and geopolitics to send UK energy bills up 10%
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UK regulator says Thames Water commits to remedies after licence breach
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As Modi visits Poland, PM Tusk eyes stronger defence industry ties with India
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Insurer Aegon books $400 million hit from higher US mortality
Germany seizes almost 250,000 euros in cash in crypto ATM sting
Date: August 22, 2024
(This Aug. 20 story has been corrected to rectify the figure to 250,000, not 25 million, in the headline and paragraph 1) BERLIN (Reuters) – German authorities have seized almost 250,000 euros ($279,000) in cash in a nationwide operation targeting cryptocurrency ATMs, the country’s financial regulator BaFin said in a statement on Tuesday. Authorities...
Britain’s insurers told to demonstrate better value for customers
Date: August 21, 2024
LONDON (Reuters) – Some of Britain’s insurers are still unable to show they provide good outcomes for consumers, the country’s financial watchdog said on Wednesday, a year since the introduction of tougher protections for investors. “Progress is being made, but we are still seeing too many examples of insurers and brokers lacking the right...
Sun and holidays boost UK supermarket spending but Asda struggles, says NIQ
Date: August 21, 2024
By James Davey LONDON (Reuters) – Warm weather and household buying ahead of summer holidays accelerated sales growth at UK supermarkets in August, although No. 3 player Asda continued to struggle, industry data showed on Wednesday. Market researcher NIQ said sales at UK supermarkets grew 5.5% year-on-year over the four weeks to Aug. 10,...
Stock rebound wanes as investors await US job data, Fed
Date: August 21, 2024
By Tom Westbrook SINGAPORE (Reuters) -Asian shares slipped on Wednesday as a stellar rebound in world stocks paused for breath, while bond yields and the dollar fell ahead of U.S. economic data and speeches from policymakers that are expected to make the case for interest rate cuts. The S&P 500 snapped eight sessions of...
EV startup Rivian’s production chief joins Stellantis
Date: August 21, 2024
By Abhirup Roy SAN FRANCISCO (Reuters) – Rivian’s head of manufacturing is leaving the electric vehicle startup to join Stellantis at a time when the maker of Jeep SUVs and Ram pickups is preparing to launch a number of battery powered cars. Tim Fallon will join Stellantis as its head of manufacturing in North...
UK employer pay awards soften in three months to July, Brightmine survey shows
Date: August 21, 2024
(Reuters) – Pay awards granted by British employers fell during the three months to July, according to a survey on Wednesday that chimed with Bank of England forecasts for slowing wage growth. Median basic pay settlements in the three months to July were 4.5% higher than a year earlier, the smallest rise since the...