financial-sector
Top StoriesRussia’s Economy Will Need to Adapt to New US Sanctions, Economy Minister Says
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FinanceGetlink Cost to Swell 12 Million Euros From Extended ElecLink Outage
Top StoriesBritain Tightens Sanctions on Employers Exploiting Foreign Workers
UK Watchdog Says Supermarket Loyalty Scheme Prices Offer Genuine Savings
Date: November 27, 2024
By James Davey LONDON (Reuters) -British supermarket prices offered through loyalty schemes provide genuine savings, the competition regulator ruled on Wednesday, providing a boost to the major players who are increasingly relying on them to attract shoppers. Loyalty schemes such as market leader Tesco’s “Clubcard Prices” and No. 2 Sainsbury’s “Nectar Prices” offer significantly lower...
EasyJet Reports Weaker Annual Profit, Looks Positively Towards 2025
Date: November 27, 2024
By Joanna Plucinska and Yadarisa Shabong LONDON (Reuters) -EasyJet said on Wednesday that it expects its capacity to increase by 3% in fiscal 2025 after reporting a smaller-than-expected annual operating profit due to disruptions from the ongoing conflict in the Middle East. European airlines, such as Lufthansa and Air France-KLM, have struggled this year to...
UK Outlines First Steps in New Plan to Get More People Back Into Work
Date: November 26, 2024
LONDON (Reuters) – Britain’s government said on Tuesday it plans to increase access to mental health support and to reform job centres as part of its push to get more people back into the workforce. Mental health support will target geographic areas with high rates of labour market inactivity and job centres will focus more...
Factbox-What Would a UniCredit-Banco Bpm Combination Look Like?
Date: November 25, 2024
By Andrea Mandala and Valentina Za MILAN (Reuters) – Italy’s third-largest bank Banco BPM has been on UniCredit CEO and veteran dealmaker Andrea Orcel’s wish list since he took up his current role in 2021. After aborting previous bids, Orcel on Monday launched an unsolicited 10 billion euro ($11 billion) all-share offer for Banco BPM,...
Hennessy Workers Strike as France’s Macron Urges Xi to Drop China Cognac Tariffs
Date: November 21, 2024
By Dominique Patton and Elizabeth Pineau PARIS/RIO DE JANEIRO (Reuters) – Hennessy staff extended a strike on Wednesday over its plans to bottle cognac in China to circumvent import tariffs, after French President Emmanuel Macron urged his Chinese counterpart Xi Jinping to lift the duties. Hennessy, owned by luxury group LVMH, is exploring options to...
Russia Restricts Cryptocurrency Mining in Low-Energy Regions
Date: November 20, 2024
MOSCOW (Reuters) – Russia has banned cryptocurrency mining in several Siberian regions to prevent power shortages during the winter and has restricted it in areas of Ukraine that it has declared annexed, a government commission announced on Tuesday. The ban will be enforced during the winter months in three regions near Lake Baikal, where cryptocurrency...