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Top StoriesUkraine and Russia: What You Need to Know Right Now
Top StoriesGerman Economy to Lose $265 Billion in Added Value Due to War, High Energy Prices-Study
Top StoriesWait and See: U.S. Companies Curb Investment as They Await Fed Moves
Top StoriesSterling Holds Near $1.21 as Traders Review BoE Forecasts
Euro Zone Investor Morale Edges Up, Recession Still Likely – Sentix
Date: August 8, 2022
BERLIN (Reuters) – Investor morale in the euro zone was essentially unchanged in August from the previous month, with a slight rise too little to stave off fears of recession in the 19-country currency bloc, a survey showed on Monday. Sentix’s index for the euro zone inched up to -25.2 points from -26.4 in July....
Analysis-East Europe’s Party Is Over as Double-Digit Inflation Bites
Date: August 5, 2022
By Krisztina Than ESZTERGOM, Hungary (Reuters) – In the weeks that followed Russia’s invasion of Ukraine, western Europe’s big economies began to falter. But further east it was still boom-time thanks to double-digit wage hikes and generous state handouts in some countries. Not any more. A sharp slowdown in retail sales and plunging confidence indicators...
Meloni’s Party Won’t Jeopardise Italy Recovery Plan Funds – Founder
Date: August 5, 2022
MILAN (Reuters) -The far-right Brothers of Italy party, leading in polls ahead of next month’s election, will not jeopardise Italy’s access to a European Union-funded investment programme, one of the party’s founders was quoted as saying on Friday. Prime Minister Mario Draghi’s resignation last month has paved the way to early elections on Sept. 25,...
Suzuki Motor Says Demand Strong Despite Economic Concerns
Date: August 5, 2022
TOKYO (Reuters) – Japan’s Suzuki Motor said on Friday it did not see demand for vehicles slowing at home or in its key market of India amid growing concerns about a global economic downturn. The view from Masahiko Nagao, Suzuki’s senior managing executive officer, echoes the bullish outlook of other Japanese automakers, even though inflation...
Alibaba Revenue Growth Flatlines for First Time as China’s Lockdowns Bite
Date: August 4, 2022
(Reuters) – Alibaba Group Holding Ltd, on Thursday reported flat quarterly revenue growth for the first time in its history, showing how China’s COVID lockdowns have hit its business. The slowdown adds to challenges facing China’s e-commerce giant, which has enjoyed double-digit revenue growth almost every quarter since it went public in 2014, as it...
Euro Zone Consumers Brace for Recession and High Inflation – ECB Survey
Date: August 4, 2022
FRANKFURT (Reuters) – Consumers in the euro zone are bracing for the economy to shrink and for high inflation to continue eating into their income in the next year, a European Central Bank survey showed on Thursday. The Consumer Expectations Survey, used by policymakers for input in their deliberations and published on Thursday for the...