LONDON (Reuters) – Sterling firmed slightly on Monday after four straight weeks of declines versus the dollar, as traders looked ahead to a run of British economic data this week that could influence how quickly the Bank of England (BoE) cuts interest rates. The BoE cut rates for the first time since 2020 at the …
Sterling pauses as traders await key UK economic data Read More »
By Pranav Kashyap (Reuters) -European shares started the week on a positive note on Monday, as investors prepared for U.S. inflation data to gauge the Federal Reserve’s monetary policy path and a deluge of other key data from Europe. The continent-wide STOXX 600 index was up 0.3%, with all European markets trading in the green. …
European shares gain as investors brace for data-packed week Read More »
By Gleb Stolyarov, Filipp Lebedev and Alexander Marrow LONDON (Reuters) – Around $2.3 billion in dollar and euro bills have been shipped to Russia since the United States and EU banned the export of their banknotes there in March 2022 following the invasion of Ukraine, according to customs data seen by Reuters. The previously …
Exclusive-Billions in dollar and euro notes reach Russia despite sanctions Read More »
By David Milliken LONDON (Reuters) – British employers expect to raise pay by 3% over the coming year, the lowest planned increase in two years and down from 4% three months ago, a survey from the Chartered Institute of Personnel and Development showed on Monday. The news is likely to reassure the Bank of England …
UK employers plan smallest pay rises in two years, survey shows Read More »
LONDON (Reuters) – The bosses of Britain’s biggest companies enjoyed record pay in 2023, with nine firms offering them packages of more than 10 million pounds ($12.75 million), research on Monday showed, as British workers argue for higher wages. The median pay for a FTSE-100 company CEO rose 2.2% to 4.19 million pounds last year, …
Britain’s CEOs get record pay in 2023, research shows Read More »
By Tom Sims FRANKFURT (Reuters) -German commercial property prices fell 7.4% in the second quarter from a year earlier but showed signs of stabilisation, the VDP banking association said on Monday, as the country’s real estate sector grapples with its worst crisis in decades. Commercial real estate valuations, in decline for two years, rose 0.4% …
German commercial property prices drop but show some stabilisation Read More »
LONDON (Reuters) -Catherine Mann, an external member of the Bank of England’s Monetary Policy Committee, said in a podcast released on Monday that goods and services prices were set to rise again and wage pressures in the economy could take years to dissipate. Mann voted against this month’s cut in interest rates and said in …
BoE’s Mann says UK wage pressures may last for years Read More »
By James Pearson LAS VEGAS (Reuters) – A recent surge in GPS “spoofing”, a form of digital attack which can send commercial airliners off course, has entered an intriguing new dimension, according to cybersecurity researchers: The ability to hack time. There has been a 400% surge in GPS spoofing incidents affecting commercial airliners in recent …
GPS spoofers ‘hack time’ on commercial airlines, researchers say Read More »
FRANKFURT (Reuters) – Thyssenkrupp said on Saturday its steel division must be restructured to fund investment needs with its own earnings, but that the parent company had provided financial security for the next two years. The comments from Thyssenkrupp CEO, Miguel Lopez, came after the chairman of the steel division said the business needs to …
Thyssenkrupp shuts down steel unit’s funding request Read More »
By Sheila Dang and Mimosa Spencer PARIS (Reuters) – Winning athletes in Paris have received their medals on Louis Vuitton trays before being handed a Samsung flip phone to take a “victory selfie”, heralding a new era of product placement at the Olympics that Los Angeles looks set to build upon. The medalists’ podium photo …
Paris sets new trend as the product placement Olympics Read More »
