(Reuters) – Shares in Sweden’s Ericsson extended their losses on Friday a day after a strategy update in which the telecom equipment maker said several of its more profitable markets …
Reuters
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Strong ECB statement equivalent to a bigger rate hike, Holzmann says
by Reutersby ReutersVIENNA (Reuters) – The European Central Bank’s message that it is serious about fighting inflation was a strong signal equivalent to a bigger increase in interest rates, ECB hawk Robert …
- US and World News
Yeshiva University must recognize LGBTQ club, New York appeals court rules
by Reutersby ReutersBy Nate Raymond (Reuters) – A New York appeals court on Thursday ruled that Yeshiva University must formally recognize an LGBTQ student group, rejecting the Jewish school’s claims that doing …
- US and World News
South Korea protests Japan’s island claim in national security strategy
by Reutersby ReutersSEOUL (Reuters) – South Korea issued a strong protest against Japan’s territorial claim over disputed islands made in a national security strategy released on Friday while cautiously responding to Tokyo’s …
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(Reuters) – Italian EU-harmonised consumer prices (HICP) rose 0.7% month-on-month in November and were also up 12.6% from the year earlier, official statistics agency ISTAT said on Friday, revising up …
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By Andy Bruce LONDON (Reuters) -The downturn across most British businesses eased slightly this month but manufacturers struggled and the economy is still likely to contract this quarter, marking a …
- US and World News
Russian attack causes ‘colossal’ infrastructure damage in Ukraine’s Kharkiv – mayor
by Reutersby ReutersKYIV (Reuters) – Russian missile strikes caused “colossal” damage to infrastructure in the Ukrainian city of Kharkiv on Friday and mainly affected the energy system, Mayor Ihor Terekhov said. “There …
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Russia’s Urals oil averaged $57.49/bbl in past month, below price cap
by Reutersby ReutersMOSCOW (Reuters) – The average price for Russia’s Urals oil blend was $57.49 per barrel between Nov. 15 and Dec. 14, Russia’s Finance Ministry said late on Thursday, below the …
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Philippines’ Marcos cheers ‘Christmas gift’ of $95 billion state budget
by Reutersby ReutersMANILA (Reuters) – Philippine President Ferdinand Marcos Jr on Friday signed into law the 2023 budget bill which authorises a record 5.27 trillion pesos ($94.78 billion) spending to support his …
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ATHENS (Reuters) – Greece’s jobless rate fell to 11.6% in the third quarter from 12.4% in the second quarter of the year, data from the country’s statistics service ELSTAT showed …
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Southwest Airlines customer service employees approve new labor deal
by Reutersby ReutersBy David Shepardson WASHINGTON (Reuters) -Southwest Airlines customer service employees overwhelmingly ratified a new five-year collective bargaining agreement that includes an immediate 13.1% wage increase, the IAM union said on Thursday. The agreement …
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Factbox-Japan tax reform to target low-emission cars, shift to investment
by Reutersby ReutersTOKYO (Reuters) – Japan will extend tax breaks on low-emission cars and seek to shift its massive household savings into investment in the government’s annual tax code revision approved by …
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Markets may still be underestimating how high ECB rates have to go -Rehn
by Reutersby ReutersHELSINKI (Reuters) -The European Central Bank will need big rate hikes at least at its next two meetings and markets may still be underestimating how high interest rates will have …
- Business News
China’s new state-run agency to start iron ore purchases -Bloomberg News
by Reutersby ReutersBEIJING (Reuters) -China Mineral Resources Group (CMRG), a new state-owned agency, is set to be the world’s biggest iron ore buyer as soon as next year, when it will start …
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Kremlin says it is finalising last details of response to oil price cap
by Reutersby Reuters(Reuters) – The Kremlin said on Friday it was finalising the last details of how it would respond to the West’s imposition of a price cap on Russia’s oil exports. …
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UK housebuilder Taylor Wimpey names ex-Landsec chief Noel as next chair
by Reutersby Reuters(Reuters) – Taylor Wimpey said on Friday former Landsec chief Robert Noel would replace Irene Dorner as its chairperson next year, the second top level change at the British housebuilder …
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Malaysia PM signs cooperation pact with smaller parties ahead of confidence vote
by Reutersby ReutersKUALA LUMPUR (Reuters) – Malaysian political parties supporting Prime Minister Anwar Ibrahim on Friday signed a cooperation pact promising to ensure stability, ahead of a confidence vote on the premier …
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Hungary’s annual CPI could slow to single digit by end-2023 -cbanker
by Reutersby ReutersBUDAPEST (Reuters) – Hungary’s annual inflation could slow to single-digit by the end of 2023, National Bank of Hungary deputy governor Barnabas Virag said in an article posted on the …
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India’s textile industry faces tough times as consumers cut spending
by Reutersby ReutersBy Manoj Kumar and Rajendra Jadhav NEW DELHI/MUMBAI (Reuters) – India’s $200 billion textile and apparel industry is facing a crisis as consumers in the United States, Europe and other …
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LONDON (Reuters) – Mortgage lender Halifax said on Friday it expected British house prices to fall next year by around 8% as the increasing cost of living put more pressure …
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DIYARBAKIR, Turkey (Reuters) -A roadside car bomb exploded, damaging a police minibus on a highway in southeast Turkey’s Diyarbakir province on Friday, and nine people in the bus were taken …
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By Tarek Amara and Angus McDowall TUNIS (Reuters) – Tunisia holds a parliamentary election on Saturday that will tighten President Kais Saied’s grip on power, capping what his opponents denounce …
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Russia’s Rosbank halts dollar, euro, dirham operations after U.S. sanctions
by Reutersby ReutersMOSCOW (Reuters) – Russian commercial lender Rosbank has halted operations in U.S. dollars, euros and dirhams, warning that some transactions could be blocked, after Washington imposed sanctions on Thursday on …
- US and World News
Castillo jail term extended as Peru protest death toll hits 15
by Reutersby ReutersBy Marco Aquino LIMA (Reuters) -Peruvian ex-President Pedro Castillo’s pre-trial detention in prison was extended to 18 months on Thursday, amid a deepening diplomatic spat with left-leaning countries opposed to …
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World Cup and Black Friday fail to stop surprise fall in UK retail sales
by Reutersby ReutersBy Andy Bruce LONDON (Reuters) -British retail sales slid unexpectedly in November, despite the men’s soccer World Cup and the Black Friday sales promotions, showing the stress felt by many …