By Olena Harmash KYIV (Reuters) – Ukraine’s top mobile phone operator Kyivstar started restoring voice services to some clients on Wednesday after its networks were knocked out by a major cyber attack, its CEO Oleksandr Komarov said, with data and other services to follow. The company, which provides services to more than half of Ukraine’s …
By William Schomberg and Andy Bruce LONDON (Reuters) -Britain’s economy shrank in October, official data showed on Wednesday, raising the risk of a recession and testing the Bank of England’s resolve to stick to its tough anti-inflation line against cutting interest rates from their 15-year high. Gross domestic product (GDP) fell by 0.3% from September, …
UK economy shrinks, testing BoE’s resolve on rates Read More »
By Shashwat Chauhan and Shubham Batra (Reuters) -The UK’s FTSE 100 closed slightly higher on Wednesday as the pound slid following data showing the UK economy contracted in October, while markets awaited the Federal Reserve’s rate decision later in the day. The blue-chip FTSE 100 index edged up 0.1%, with major dollar earners like AstraZeneca …
UK’s FTSE 100 rises as pound slips on GDP data; awaits Fed rate decision Read More »
By Iain Withers LONDON (Reuters) – Britain’s payments regulator on Wednesday provisionally proposed a cap on cross-border interchange fees charged by Mastercard and Visa on transactions made between the UK and European single market. The Payment Systems Regulator (PSR) said a cap would protect businesses from overpaying, after it published interim findings of a market …
UK payments regulator proposes cap on Mastercard, Visa cross-border fees Read More »
MOSCOW (Reuters) -Russian imports of 1.2 billion eggs will be exempt from duty for the first six months of 2024, the economy ministry said on Wednesday, to help rein in prices as some shops run low on supplies. Egg prices have risen more than 40% so far this year and empty egg shelves have been …
Russia to exempt eggs from import duties as prices climb, stocks dwindle Read More »
By Corina Pons and Helen Reid MADRID (Reuters) -Zara owner Inditex reported strong holiday season trading with sales up 14% in the six weeks to Dec. 11 and raised its margin outlook for the year, helping push its shares to an all-time high on Wednesday. The world’s biggest fashion retailer reported a net profit of …
Zara owner Inditex reports strong holiday sales and lifts margin outlook Read More »
BRUSSELS (Reuters) – European Union lawmakers provisionally agreed on Wednesday on a bill aimed at giving workers at online companies such as Uber and Deliveroo employee benefits, which if adopted would be a global first. The new rules will prevent workers from being wrongfully classified as self-employed, and therefore not eligible for benefits, by introducing …
EU lawmakers, countries agree on a bill on gig workers’ rights Read More »
By Andreas Rinke BERLIN (Reuters) -Chancellor Olaf Scholz’s three-way alliance has agreed on Germany’s budget for 2024, following a month of tense negotiations after a court ruling threw its finances into disarray, three government sources told Reuters on Wednesday. The breakthrough could help ease tensions in Scholz’s fractious coalition of his Social Democrats (SPD), the …
German government agrees on 2024 budget – government sources Read More »
(Reuters) – Revolution Beauty Group on Wednesday said finance chief Elizabeth Lake will step down from the British cosmetics company, and former Boohoo CFO Neil Catto will helm the top role from Jan. 1, 2024. Online fashion retailer Boohoo, which raised its stake in Revolution to over 27% this year, had sought board changes at …
UK’s Revolution Beauty’s CFO to exit, granting Boohoo’s wish Read More »
(Reuters) – European shares were largely subdued on Wednesday as investors steered clear of risky bets ahead of the U.S. Federal Reserve’s much-anticipated interest rate decision and policy outlook. The pan-European STOXX 600 edged up 0.1% by 0810 GMT, with rate-sensitive real estate and technology sectors rising, and energy stocks falling on lower oil prices. …
European shares muted on caution ahead of Fed’s rate verdict Read More »
