Headlines

Spain August 12-month inflation slows to 10.4% YoY; oil gives a break

Spain August 12-month inflation slows to 10.4% YoY; oil gives a break

(Reuters) – Spanish domestic consumer prices have eased despite remaining high, mainly due to lower fuel prices against a rise i..

Switzerland’s engineering sector urges country to start energy saving now

Switzerland’s engineering sector urges country to start energy saving now

ZURICH (Reuters) – Switzerland’s mechanical and electrical engineering sector said on Tuesday that businesses and househol..

O’Grady to return to Bank of Ireland as CEO – Irish Times

O’Grady to return to Bank of Ireland as CEO – Irish Times

DUBLIN (Reuters) – Bank of Ireland’s board has selected the group’s former chief financial officer Myles O’Gra..

Parched UAE turns to science to squeeze more rainfall from clouds

Parched UAE turns to science to squeeze more rainfall from clouds

By Abir Ahmar ABU DHABI (Reuters) – As a twin-turboprop aircraft takes off under the burning desert sun with dozens of salt cani..

Schlumberger, Subsea 7 and Aker Solutions to form subsea engineering firm

Schlumberger, Subsea 7 and Aker Solutions to form subsea engineering firm

OSLO (Reuters) – U.S. engineering firm Schlumberger and Norway’s Aker Solutions plan to merge their subsea oil and gas con..

PIMCO cut big position in Russia CDS by adding bonds in Q2

PIMCO cut big position in Russia CDS by adding bonds in Q2

By Davide Barbuscia NEW YORK (Reuters) – PIMCO’s largest investment fund bought Russia government international bonds and ..

Toyota’s July global vehicle output drops again, puts annual target in doubt

Toyota’s July global vehicle output drops again, puts annual target in doubt

(Reuters) -Toyota Motor Corp said on Tuesday its July global vehicle production had fallen 8.6% year-on-year, missing its target for t..

Rate fever propels dollar, wallops stocks and bonds

Rate fever propels dollar, wallops stocks and bonds

By Dhara Ranasinghe and Koh Gui Qing NEW YORK/LONDON (Reuters) – World stocks slumped on Monday as the growing risk of more aggr..

EEX markets to remain open as power prices soar – statement

EEX markets to remain open as power prices soar – statement

FRANKFURT (Reuters) – The European Energy Exchange said on Monday the bourse would remain open in its transparent price-setting ..

Ukraine and Russia: What you need to know right now

Ukraine and Russia: What you need to know right now

(Reuters) – Ukraine announced the start of a long-awaited counter-offensive to retake territory in the south seized by Russian f..

Traders ramp up bets on 75 basis-point ECB Sept hike, bond yields jump

Traders ramp up bets on 75 basis-point ECB Sept hike, bond yields jump

By Yoruk Bahceli (Reuters) -Euro zone money markets moved on Monday to price in a two-thirds chance of a large 75 basis-point European..

Oil rises on prospect of OPEC+ supply cut

Oil rises on prospect of OPEC+ supply cut

By Alex Lawler LONDON (Reuters) -Oil rose more than 1% on Monday, extending last week’s gain, as potential OPEC+ output cuts and..

Floods, other water-related disasters could cost global economy $5.6 trillion by 2050 -report

Floods, other water-related disasters could cost global economy $5.6 trillion by 2050 -report

By Gloria Dickie LONDON (Reuters) – Worsening droughts, storms and torrential rain in some of the world’s largest economie..

ECB should raise rates at steady pace, chief economist says

ECB should raise rates at steady pace, chief economist says

FRANKFURT (Reuters) -The European Central Bank should raise interest rates at a “steady pace” until the end of its hiking ..

Russian rouble firms towards 60 vs dollar, stocks up

Russian rouble firms towards 60 vs dollar, stocks up

MOSCOW (Reuters) -The rouble firmed towards 60 against the dollar on Monday, supported by the last month-end tax payments that boost d..

Pain of breaking inflation will reverberate around the globe

Pain of breaking inflation will reverberate around the globe

By Balazs Koranyi and Howard Schneider JACKSON HOLE, Wyo. (Reuters) -The message from the world’s top finance chiefs is loud and..

Russia sharply scales back Far East war games with China

Russia sharply scales back Far East war games with China

By Mark Trevelyan LONDON (Reuters) – Russian military exercises in the Far East this week will take place on a far smaller scale..

Dutch wind farm blows away opposition as ‘new millers’ get a stake

Dutch wind farm blows away opposition as ‘new millers’ get a stake

By Esther Verkaik ZEEWOLDE, Netherlands (Reuters) – Authorities in the Dutch city of Zeewolde have opened one of the countryR..

Belgium supports energy price caps, suspending trading in EU power crunch

Belgium supports energy price caps, suspending trading in EU power crunch

BRUSSELS (Reuters) – Belgium has backed introducing price caps for European Union’s gas and electricity hubs, as well as s..

Elon Musk: focused on getting self-driving Teslas in wide release by year-end

Elon Musk: focused on getting self-driving Teslas in wide release by year-end

By Nerijus Adomaitis and Nora Buli STAVANGER, Norway (Reuters) -Tesla chief Elon Musk said on Monday he aimed to get the electric auto..

Oil trio’s Northern Lights in Yara CO2 emissions storage deal

Oil trio’s Northern Lights in Yara CO2 emissions storage deal

By Nerijus Adomaitis and Nora Buli STAVANGER, Norway (Reuters) -Norwegian carbon dioxide (CO2) storage company Northern Lights and its..

Swiss watchmakers remain upbeat ahead of Geneva gathering

Swiss watchmakers remain upbeat ahead of Geneva gathering

By Silke Koltrowitz ZURICH (Reuters) – Swiss watchmakers are not seeing signs so far that geopolitical tensions and recession fe..

Sony to buy mobile game developer in push beyond consoles

Sony to buy mobile game developer in push beyond consoles

By Sam Nussey TOKYO (Reuters) – Sony Group Corp on Monday said it will acquire Helsinki and Berlin-based mobile games business S..

Finnair partners with Qatar Airways in search of new routes

Finnair partners with Qatar Airways in search of new routes

  (Reuters) – Finnair will establish a strategic partnership with Qatar Airways to open up new routes from Nordic capitals ..

IKEA stores owner buys 49% stake in Swedish wind power projects

IKEA stores owner buys 49% stake in Swedish wind power projects

STOCKHOLM (Reuters) – Ingka Group, the owner of most IKEA stores worldwide, on Monday said it has agreed to buy a 49% stake in t..

Oil rises on prospect of OPEC supply cut, demand growth

Oil rises on prospect of OPEC supply cut, demand growth

By Sonali Paul and Mohi Narayan (Reuters) -Oil prices rose 1% on Monday, as expectations that OPEC would cut output if needed to suppo..

NASA’s next-generation megarocket set for debut test launch to moon

NASA’s next-generation megarocket set for debut test launch to moon

By Joey Roulette and Steve Gorman CAPE CANAVERAL, Fla. (Reuters) – NASA’s colossal next-generation rocketship was set for ..

Johnny Depp makes surprise appearance at MTV’s Video Music Awards

Johnny Depp makes surprise appearance at MTV’s Video Music Awards

By Lisa Richwine (Reuters) – Actor Johnny Depp, who is trying to rebuild his career after an ugly defamation fight with his ex-w..

China July industrial profits down as COVID curbs, heatwaves hit

China July industrial profits down as COVID curbs, heatwaves hit

SHANGHAI (Reuters) -Profits at China’s industrial firms sank in July, reversing previous gains as fresh COVID-19 curbs dragged d..

Entrepreneur’s business will unlock housing market for buyers with low deposits

Entrepreneur’s business will unlock housing market for buyers with low deposits

An entrepreneur who has developed a fairer system for mortgage lending hopes it will enable many more people to own a home. Eliot Darc..

Ofgem announce energy cap rise with bills set to cost almost £300 per month for the average household

Ofgem announce energy cap rise with bills set to cost almost £300 per month for the average household

London, 26th August – Ofgem, the government regulator for the electricity and gas markets in the UK, has announced a further rise in t..

Analysis-Forget showering, it’s eat or heat for shocked Europeans hit by energy crisis

Analysis-Forget showering, it’s eat or heat for shocked Europeans hit by energy crisis

By Bozorgmehr Sharafedin and Canan Sevgili LONDON (Reuters) – No more ironing, limited oven use and showering at work – Eu..

Investors eye lower Wall Street on Powell nerves

Investors eye lower Wall Street on Powell nerves

By Carolyn Cohn LONDON (Reuters) – U.S. stock futures were indicating a lower open on Wall Street on Friday while world stocks w..

SugarCRM and ResPax Partner to Launch First Fully Integrated CRM and Tour Booking Platform for the Travel and Tourism Industry

SugarCRM and ResPax Partner to Launch First Fully Integrated CRM and Tour Booking Platform for the Travel and Tourism Industry

CUPERTINO, Calif. – August 25, 2022 – SugarCRM, provider of the award-winning AI-driven CRM platform and ResPax, a leading tour reserv..

Prince Harry hopes Diana death anniversary will be ‘filled with memories’

Prince Harry hopes Diana death anniversary will be ‘filled with memories’

LONDON (Reuters) – Britain’s Prince Harry said he wished his children could have met his mother Princess Diana and hoped t..

Dollar dips ahead of Powell speech

Dollar dips ahead of Powell speech

By Iain Withers LONDON (Reuters) – The dollar dipped against other major currencies on Friday, ahead of U.S. Federal Reserve Cha..

Hungary cenbank seen hiking 100 bps to 11.75% next week as inflation surges

Hungary cenbank seen hiking 100 bps to 11.75% next week as inflation surges

By Krisztina Than BUDAPEST (Reuters) – Hungary’s central bank is expected to raise its base interest rate by 100 basis poi..