By Silke Koltrowitz ZURICH – LVMH’s luxury watch brands Hublot and Bulgari have pushed sales above 2019 levels in the past year and more growth is expected this year on …
Reuters
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EU ready for ‘never-seen-before’ sanctions if Russia attacks Ukraine
by Reutersby ReutersBy Robin Emmott and Sabine Siebold BRUSSELS -The European Union is ready to impose “never-seen-before” economic sanctions on Russia if it attacks Ukraine, Denmark said on Monday, and EU foreign …
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By Pushkala Aripaka and Richa Naidu – Shares in Unilever rose 6% on Monday on reports that activist investor Nelson Peltz has built a stake in the consumer goods giant …
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Ex-Pope Benedict acknowledges faulty testimony in German abuse case
by Reutersby ReutersBy Philip Pullella VATICAN CITY – Former Pope Benedict XVI acknowledged on Monday he had been at a 1980 meeting over a sexual abuse case when archbishop of Munich, saying …
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U.S. carriers in South China Sea, Taiwan reports further Chinese incursion
by Reutersby ReutersBy Ben Blanchard TAIPEI -Two U.S. aircraft carrier groups have entered the disputed South China Sea for training, the Department of Defense said on Monday as Taiwan reported a new …
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Factbox-Fed voters in 2022: How they stack up on monetary policy
by Reutersby ReutersBy Lindsay Dunsmuir – As the U.S. Federal Reserve pivots on monetary policy and flags it may raise interest rates as many as four times this year to tame inflation …
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Fed tries to match economic risks against market’s rush to tighten
by Reutersby ReutersBy Howard Schneider WASHINGTON – The Federal Reserve may not raise interest rates until March, but officials’ tougher language about inflation is already kicking in, with borrowing costs rising for …
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FRANKFURT – Germany’s economy likely shrank in the fourth quarter as manufacturing remained constrained by supply bottlenecks and consumption dropped on renewed coronavirus fears, the Bundesbank said in a monthly …
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Sarah Palin’s defamation trial against New York Times set to begin
by Reutersby ReutersNEW YORK – Sarah Palin and the New York Times are set to face off in a New York courtroom on Monday at a trial in which the 2008 Republican …
- US and World News
Analysis-A digital dollar is years away as U.S. Fed kicks issue to Congress
by Reutersby ReutersBy Pete Schroeder WASHINGTON – While the Federal Reserve’s paper on potentially adopting a central bank digital currency (CBDC) will advance debate in Washington, its decision to kick the issue …
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BERLIN – Volkswagen’s carbon emissions from passenger vehicles in 2021 were around 2% under the European target limits at 118 grams per kilometre, according to preliminary figures, the carmaker said …
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By Andy Bruce LONDON – British business activity cooled unexpectedly this month to an 11-month low but cost pressures stayed high, according to a survey that leaves the Bank of …
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By Anirban Sen – Shares of the blank-check acquisition firm that agreed to merge with former President Donald Trump’s social media venture have outperformed every other special purpose acquisition company …
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By Carolina Mandl and Tatiana Bautzer SAO PAULO – A frenzy of talks for mergers and acquisitions has caught some Brazilian bankers off-guard in the early weeks of 2022. With …
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Beijing adds COVID test before Olympics; outbreak linked to cases in four provinces
by Reutersby ReutersBEIJING -A district in China’s capital will begin a new round of COVID-19 tests among its roughly 2 million residents on Tuesday, as flare-ups persisted in the city ahead of …
- US and World News
Beijing 2022 eases COVID curbs for Games; China warns on pollution
by Reutersby ReutersBEIJING -Organisers of next month’s Beijing Winter Olympics slightly eased the strict COVID-19 requirements for participants, a move that means fewer athletes are likely to be tripped up by positive …
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Some Hong Kong civil servants, bankers to work from home as COVID spreads
by Reutersby ReutersBy Twinnie Siu and Farah Master HONG KONG – Hong Kong has told some civil servants to work from home from Tuesday, and some banks have given similar instructions to …
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Deutsche Bank expected to break profit run in fourth quarter- Preview
by Reutersby ReutersFRANKFURT – Deutsche Bank is expected to swing to a net loss when it reports fourth-quarter earnings on Thursday amid a slowdown in revenue at its investment bank, based on …
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Taiwan reports new large-scale Chinese air force incursion
by Reutersby ReutersTAIPEI -Taiwan on Sunday reported the largest incursion since October by China’s air force in its air defence zone, with the island’s defence ministry saying Taiwanese fighters scrambled to warn …
- Featured NewsUS and World News
Fourth COVID vaccine shot raises resistance to serious illness for over-60s: Israel
by Reutersby ReutersJERUSALEM – A fourth dose of COVID-19 vaccine given to people over 60 in Israel made them three times more resistant to serious illness than thrice-vaccinated people in the same …
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– Inflation is front and centre: Markets will look to the U.S. Federal Reserve for hints on when and how much it may tighten policy to combat inflation at 40-year …
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LONDON – American banking giant JPMorgan has merged most of its European Union businesses into a single entity in Germany, it said on Monday, seeking to make its business in …
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By Samuel Shen and Andrew Galbraith SHANGHAI – Beaten-down dollar bonds issued by Chinese property developers are enticing domestic and global fund managers, some of whom are even planning to …
- Business News
Easing of supply shortages sustains German manufacturing recovery – PMI
by Reutersby ReutersBERLIN – Strong factory output growth helped by easing supply bottlenecks pushed activity in Germany’s manufacturing sector to a five-month high in January, a survey showed on Monday. IHS Markit’s …
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Australia PM Morrison loses control of WeChat Chinese account as election looms
by Reutersby Reuters(Refiles to correct spelling of ‘minister’ in paragraph 1) By Kirsty Needham and Eduardo Baptista SYDNEY -A little-known Chinese technology company that took over a WeChat social media account set …