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BusinessShift to New UK Job Market Survey May Be Delayed to 2027, Ons Says
Space Firms Plot New European Satellite Venture to Take on Starlink as Job Cuts Loom
Date: December 3, 2024
By Tim Hepher and Giulia Segreti PARIS/ROME (Reuters) -Europe’s Airbus, Thales and Leonardo are exploring plans to set up a new joint space company as they look to compete with Elon Musk’s Starlink. “Project Bromo”, named after an Indonesian volcano, envisages a standalone European satellite champion modelled on missile maker MBDA, which is owned by...
Italy Oct Jobless Rate Falls to 5.8%, Lowest Since 2007
Date: December 2, 2024
ROME (Reuters) – Italy’s unemployment rate fell to 5.8% in October, the lowest reading since April 2007, from a revised 6.0% the month before, national statistics bureau ISTAT reported on Monday, with a net 47,000 jobs created during the month. A Reuters survey of seven analysts had forecast an October jobless rate of 6.1%, which...
Russian Factory Activity Expands Marginally in November, PMI Shows
Date: December 2, 2024
(Reuters) – Activity across Russia’s manufacturing sector increased marginally in November, a business survey showed on Monday, thanks to fresh expansions in outputs and new orders even as work backlogs depleted and firms cut workforce numbers. The S&P Global Purchasing Managers’ Index (PMI) for Russian manufacturing rose to 51.3 from 50.6 in October, moving further...
Exclusive-Russia’s Vtb Expects Rouble to Stabilise Around 100/dollar, CEO Says
Date: December 2, 2024
MOSCOW (Reuters) – The Russian rouble will stabilise at around 100 to the U.S. dollar after the period of volatility in the aftermath of U.S. sanctions on Russia’s financial sector, CEO of Russia’s second largest lender Bank VTB Andrei Kostin told Reuters on Monday. The Russian currency weakened by 15% against the U.S. dollar after...
UBS Capital Requirements Should Be Proportionate, Minister Says
Date: December 2, 2024
ZURICH (Reuters) -Capital requirements set for UBS under new banking regulations should be “proportionate”, as Switzerland attempts to strike a balance between financial sector competitiveness and protecting taxpayers, Finance Minister Karin Keller-Sutter said. Swiss authorities are weighing up how to overhaul banking rules in a bid to prevent a repeat of the 2023 collapse of...
Global Equity Funds Draw Ninth Weekly Inflow in a Row
Date: November 29, 2024
(Reuters) – Global investors stepped up purchases in equity funds in the week ended Nov. 27, encouraged by prospects of robust U.S. growth under the Trump administration and boosted by cooling treasury yields. Investors pumped a substantial $12.19 billion into global equity funds, a jump of 32% compared with about $9.24 billion worth of net...