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Russia Strikes Cities Across Ukraine, Gas Supplies in Focus
Date: July 19, 2022
By Tom Balmforth and Max Hunder KYIV (Reuters) -Russian forces kept up their bombardment of cities across Ukraine, with intense shelling of Sumy in the north, cluster bombs targeting Mykolaiv and a missile strike in Odesa in the south, authorities said on Tuesday. After failing to capture the capital Kyiv at the outset of the...
Fans, Hoses and Air Con – Heatwave-Hit Britons Seek Relief
Date: July 18, 2022
LONDON (Reuters) – Sales of electric fans, hoses, air conditioning units and sprinklers are soaring as Britons swelter amid record temperatures, retailers said. Britain was on course for its hottest day on record on Monday with temperatures forecast to hit 40C for the first time, forcing train companies to cancel services, schools to close early...
Europe Car Sales Lowest Since 1996 After 12-month Decline
Date: July 15, 2022
BERLIN (Reuters) -Europe registered the lowest number of new passenger cars in the month of June this year since 1996 at just over 1.06 million vehicles, with some carmakers seeing sales drop by nearly 50%, data from Europe’s automobile association showed on Friday. Volkswagen Group was the hardest-hit major carmaker with nearly a quarter less...
Putin Warns of Long War as West Seeks to Unblock Ukraine’s Grain Exports
Date: July 8, 2022
By Pavel Polityuk KYIV (Reuters) – Western officials on Friday tried to coax Russia into allowing Ukraine to ship its grain out to the world as the four-month-old war threatened to bring hunger to countries far away from the battlefields. Moscow, however, accused the West of waging economic warfare on Russia by attempting to isolate...
High Fares, Rising Economic Worries Could Weigh on Airline Recovery
Date: June 20, 2022
By Jamie Freed DOHA (Reuters) -Pent-up demand from the pandemic means consumers are weathering high airfares, but as summer ends and inflation and interest rate rises begin to bite, there are growing questions over whether the appetite for travel is sustainable. Global airlines are now expected to post a $9.7 billion loss in 2022, a...
European Smartphone Market Falls 12% in Q1, Counterpoint Says
Date: June 15, 2022
STOCKHOLM (Reuters) – The European smartphone market declined by 12% in the first quarter of the year, registering the lowest shipments in the period for nearly a decade, according to a report from Counterpoint Research. The fall was a result of ongoing component shortages, COVID-19 related lockdowns in China, deteriorating economic conditions and the onset...