By William Schomberg and Andy Bruce LONDON (Reuters) -Britain’s economy partially recovered in August after a sharp drop in July but the bigger picture remained one of only sluggish growth after last year’s surge in inflation and 14 back-to-back interest rate hikes by the Bank of England. Official data showed the economy expanded by 0.2% …
Sluggish UK economy stages only partial bounceback in August Read More »
By Joe Cash BEIJING (Reuters) – China said on Thursday that European Union plans to investigate its steelmakers over subsidies will disrupt global supply chains and fly in the face of international trade norms. Brussels is reportedly planning anti-subsidy investigations of steelmakers producing excess in countries such as China, as part of a pact with …
By Eva Mathews (Reuters) – Wagamama owner The Restaurant Group has agreed to be taken private by private equity firm Apollo Global for 506 million pounds ($623.44 million) after a year of financial struggles and investor pressure. Under the terms of the deal announced on Thursday, The Restaurant Group’s (TRG) shareholders will get 65 pence …
Apollo to take Wagamama owner Restaurant Group private for $623 million Read More »
MARRAKECH (Reuters) – The European Central Bank should aim to engineer a “soft landing” for the euro zone’s economy as long as it is confident that inflation keeps falling towards its 2% goal, ECB policymaker Francois Villeroy de Galhau said on Thursday. “If we can follow a monetary path which ensures a soft landing… it’s …
ECB can aim for ‘soft-landing’ as long as inflation falls Read More »
LONDON (Reuters) – British lenders expect to curb the availability of mortgages in the next three months, a Bank of England survey showed on Thursday. The BoE’s quarterly Credit Conditions Survey also showed lenders thought defaults on secured loans and on credit cards and other loans would increase. (Reporting by William Schomberg)
(Reuters) – Finland can’t rule out the possibility that a “state actor” was involved in damaging a Baltic Sea gas pipeline and a parallel telecoms cable, the Finnish Security Intelligence Service said on Thursday as NATO ministers sat down to talks on the incident. Damage to the Balticconnector pipeline and a telecommunications cable was confirmed …
Finland can’t rule out ‘state actor’ involvement in pipeline damage Read More »
By Jagoda Darlak and Matteo Allievi (Reuters) -Swiss fragrance and flavour maker Givaudan beat third-quarter organic sales expectations on Thursday, aided by price increases and strong performance in its fragrance business. The group has been suffering from weaker volumes driven by inventory reductions and lower demand especially in North America, but analysts said this trend …
Givaudan organic sales rise on higher prices, but currency effects weigh Read More »
(Reuters) – German travel association DRV said on Thursday that sales for this winter have exceeded pre-pandemic values, even though the number of travellers is still below the pre-crisis levels. The sales volume has already exceeded 2018-19 winter figures by 6%, according to evaluations by Travel Data + Analytics (TDA), DRV said. Demand for holidays …
German travel sales above pre-pandemic levels despite fewer holidaymakers Read More »
WASHINGTON (Reuters) – The U.S. Space Force has paused the use of web-based generative artificial intelligence tools like ChatGPT for its workforce over data security concerns, according to a memo seen by Reuters. A memo dated Sept. 29 and addressed to Guardians, the name Space Force calls its workforce, prohibits personnel from using such AI …
US Space Force pauses use of AI tools like ChatGPT over data security risks Read More »
By Manya Saini, Niket Nishant and Chibuike Oguh (Reuters) – Birkenstock’s stock ended more than 12% below its initial public offering (IPO) price on Wednesday in an underwhelming Wall Street debut that signaled investors remain cautious about new listings. Shares of the 250-year-old German sandal maker started trading at $41 after the IPO had priced …
Birkenstock stumbles in underwhelming US market debut Read More »
