By Bansari Mayur Kamdar (Reuters) -Britain’s FTSE 100 rose on Tuesday in the first trading session of 2022, after its best annual gain in five years, following signs the Omicron coronavirus variant is less likely to derail the global economic recovery. The blue-chip FTSE 100 gained 1.6%, closing at its highest since February 2020, while …
FTSE 100 hits fresh 1-1/2 year high in upbeat start to the year Read More »
BERLIN (Reuters) – Daimler’s Mercedes-Benz has informed owners of its luxury cars of a technical defect that could spark a fire, the company said on Tuesday, adding a recall was not possible because parts needed to fix the problem are not available. The issue was traced to possible leakage in the coolant pump that could …
Daimler warns car owners of fire risk it lacks parts to fix Read More »
By Ambar Warrick and Sruthi Shankar (Reuters) -European stocks extended their new year rally on Tuesday, led by economically sensitive banks and travel stocks on signs that the Omicron coronavirus variant might be less severe than initially feared. The pan-European STOXX 600 index ended 0.8% higher at 494.02 points, hitting a record high for a …
Banks and travel stocks power Europe’s STOXX 600 to new peaks Read More »
LONDON (Reuters) -The pound approached two-year highs against the euro on Tuesday and hit a two-month high versus the dollar, supported by a continued rise in gilt yields on growing expectation the Bank of England will raise interest rates next month. Two-year and 10-year British government borrowing costs rose to two-month highs, up six basis …
Sterling nears 2-year high vs euro on rate rise bets Read More »
PARIS (Reuters) – The current inflation spike in France and the broader euro zone is close to peaking, while the latest wave of COVID-19 infections in France will have a limited impact on the economy, the head of the French central bank said on Tuesday. Like many economies, France saw inflation surge over the last …
French central banker sees inflation peaking, limited COVID impact Read More »
FRANKFURT (Reuters) – Some 4.2 million German households will see their electricity bills rise by an average 63.7% this year and 3.6 million stand to pay 62.3% higher gas bills as suppliers pass on record wholesale rates, data showed on Tuesday. Like many countries across the world, Germany has been in the grip of an …
German households feel the heat from rising power and gas bills Read More »
MOSCOW (Reuters) – European gas prices soared more than 30% on Tuesday after low supplies from Russia reignited concerns about an energy crunch as colder weather approaches. A pipeline which normally delivers gas from Siberia to Europe was sending flows from Germany to Poland on Tuesday for the 15th successive day, instead of the usual …
Gas prices surge in Europe over tight Russian supplies Read More »
LONDON (Reuters) – The Bank of England will publish a book aimed at improving the British public’s understanding of economics later this year, titled “Can’t we just print more money?”. The BoE ended an 895 billion pound ($1.2 trillion) programme of bond purchases less than three weeks ago – a policy often dubbed money printing …
Bank of England aims to print book, not money, in 2022 Read More »
STOCKHOLM (Reuters) -Volvo Car Group has appointed Jim Rowan as new chief executive to succeed long-time CEO Hakan Samuelsson in March, it said on Tuesday. Rowan, currently CEO at U.S-based Ember Technologies, is taking over just months after Volvo wrapped up its initial public offering, the biggest in Europe last year. He will face the …
Volvo Cars picks Ember Technologies chief Jim Rowan as new CEO Read More »
By Inti Landauro MADRID (Reuters) – The ride-hailing app Cabify, one of Spain’s few ‘unicorn’ tech startups, risks losing ground to foreign rivals such as Uber or Bolt in its home base Madrid due to a row over exclusivity with a company which employs 1,100 of its drivers. Entrepreneur Felix Ruiz, co-founder of the privately-held …
Cabify risks losing fleet supremacy to Uber in home base Madrid Read More »
