By David Milliken and Farouq Suleiman LONDON (Reuters) – The Bank of England raised its key interest rate by a further half-percentage point on Thursday and indicated more hikes were …
Reuters
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By Stine Jacobsen COPENHAGEN (Reuters) -Shares in H&M, the world’s second-biggest fashion retailer, fell almost 6% on Thursday as net sales for the September-November quarter failed to match a recent …
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LONDON (Reuters) – Central banks in Britain, Norway, Switzerland, the euro zone and the United States have all raised interest rates this week. Many have slowed the pace of their …
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COPENHAGEN (Reuters) -Denmark’s central bank raised its key interest rate by 50 basis points to 1.75% on Thursday, following a rate hike earlier in the day by the European Central …
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PARIS (Reuters) – The French economy is set to contract slightly this quarter due to refinery strikes and nuclear reactor outages before activity recovers in the first half of next …
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Business News
Greece repays euro zone bailout loans early for first time-source
by Reutersby ReutersATHENS (Reuters) -Greece has repaid ahead of schedule 2.7 billion euros ($2.87 billion) of loans owed to euro zone countries under the first bailout it received during its decade-long debt …
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LIMA (Reuters) – Peru’s economy expanded 2.01% in October compared with the year before, the government’s INEI statistics agency said on Thursday, accelerating its pace of growth after a 1.66% …
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JOHANNESBURG (Reuters) -Zimbabwe’s real GDP growth is expected to slow to about 3.5% in 2022 from 8.5% last year, the International Monetary Fund said on Thursday as it concluded its …
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WASHINGTON (Reuters) – U.S. business inventories increased moderately in October, suggesting that businesses were slowing the pace of stock accumulation amid cooling demand and rising recession risks as the Federal …
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Portugal to give one-off subsidy to poorest families amid soaring inflation
by Reutersby ReutersLISBON (Reuters) – Portugal’s government approved a one-off subsidy of 240 euros for over a million poor families, whose purchasing power is being hard hit by soaring inflation, Labour Minister …
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US and World News
Massachusetts man sentenced to 33 months for unlawful export of defense articles to Turkey
by Reutersby ReutersWASHINGTON (Reuters) – A Massachusetts man was sentenced to 33 months for a scheme to illegally export defense technical data to foreign nationals in Turkey in connection with fraudulent manufacturing …
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US and World News
UN rights chief warns of ‘serious deterioration’ in Ukraine if strikes continue
by Reutersby ReutersGENEVA (Reuters) – The U.N. High Commissioner for Human Rights Volker Turk said on Thursday that further strikes on Ukraine’s infrastructure could lead to a serious deterioration of the humanitarian …
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US and World News
Migrant rescue NGO at centre of Italy-France spat running out of cash
by Reutersby ReutersROME (Reuters) – A migrant rescue charity caught up in a diplomatic row between Italy and France last month said on Thursday it urgently needs donations to keep its ship …
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Business News
Brazil’s Oi exits bankruptcy protection after more than 6 years; shares jump
by Reutersby ReutersSAO PAULO (Reuters) – Shares in Brazilian telecom firm Oi SA soared on Thursday after it revealed it was exiting bankruptcy protection, marking the closure of a restructuring process that …
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Business News
U.S. manufacturing output dragged down by motor vehicle weakness
by Reutersby ReutersWASHINGTON (Reuters) – Production at U.S. factories dropped more than expected in November as a decline in the output of motor vehicles offset gains elsewhere, according to data on Thursday, …
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US and World News
Ukraine grain deal unlikely to include new ports in near term – UN aid chief
by Reutersby ReutersBy Tom Balmforth KYIV (Reuters) – United Nations aid chief Martin Griffiths said on Thursday it was unlikely the Black Sea grain deal would be expanded in the near term …
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Exclusive-D.Bahn sees start of Schenker sale in Q3/Q4 next year – document
by Reutersby ReutersBERLIN (Reuters) – German rail operator Deutsche Bahn does not expect the sale of its Schenker logistics unit to start before the third or fourth quarter of next year given …
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MADRID (Reuters) – Spain’s parliament on Thursday passed a sexual and reproductive health law that allows girls aged 16 and 17 to undergo abortions without parental consent and, in a …
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Business News
Brazil’s Petrobras reaches deal with regulator on govt stake in oilfield
by Reutersby ReutersSAO PAULO (Reuters) – Brazilian state-run oil company Petrobras has reached a deal with oil regulator ANP to pay 780 million reais ($146.38 million) regarding the government’s stake in its …
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US and World News
‘What a tragic day’: British nurses strike in bitter pay dispute
by Reutersby ReutersBy Farouq Suleiman and Amanda Ferguson LONDON/BELFAST (Reuters) -National Health Service nurses in Britain staged a strike on Thursday, their first ever national walkout, as a bitter dispute with the …
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Ghana begins tackling debt restructuring pain as it secures IMF deal
by Reutersby Reuters(This Dec.14 story has been corrected to fix the company name to PineBridge Investments) By Rachel Savage JOHANNESBURG (Reuters) – Days after launching a bold domestic bond overhaul, Ghana struck …
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(Reuters) – Wall Street’s main indexes opened lower on Thursday as the Federal Reserve’s guidance to stick to protracted policy tightening quelled hopes of the rate-hike cycle ending anytime soon. …
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US and World News
Exclusive-ChatGPT owner OpenAI projects $1 billion in revenue by 2024 -sources
by Reutersby ReutersBy Jeffrey Dastin, Krystal Hu and Paresh Dave (Reuters) – ChatGPT, the new chatbot that is the talk of Silicon Valley, can spit out haikus, crack jokes in Italian and …
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Business News
Hungary’s inflation may peak at 25%-27% in first quarter, minister says
by Reutersby ReutersBUDAPEST (Reuters) -Hungary’s inflation could peak at an annualised rate of 25%-27% in January or February, Minister of Economic Development Marton Nagy said on Thursday, raising his earlier projection of …
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Business News
Philly Fed manufacturing survey shows inflation pressures at 27-month low
by Reutersby Reuters(Reuters) – Manufacturing activity in the U.S. mid-Atlantic region contracted for a fourth straight month in December, but factory operators reported a brighter outlook and said inflation pressures were easing …