LONDON (Reuters) – British finance minister Jeremy Hunt said the country’s economy was “likely to get worse before it gets better” after figures on Monday showed a bounce-back in growth in October but the weakest three-month performance since early 2021. Hunt also told the BBC he did not know whether inflation had peaked or not. …
UK economy set to get worse before recovery – Hunt Read More »
(Reuters) -Microsoft is to take a 4% equity stake in London Stock Exchange Group as part of a 10-year commercial deal to migrate the exchange operator’s data platform into the cloud, the British company said on Monday. As part of the deal, LSEG has made a contractual commitment for minimum cloud-related spend with Microsoft of …
Microsoft to buy 4% stake in London Stock Exchange Read More »
LONDON (Reuters) – Heathrow Airport said on Monday that it expected the vast majority of travellers will be unaffected by this month’s planned strikes by Border Force workers. British Border Force workers plan to strike for several days from Dec. 23 at airports including Heathrow, Britain’s busiest, and Gatwick due to a dispute over pay. …
Heathrow sees minimal impact from planned Border Force strikes Read More »
COPENHAGEN (Reuters) -Shipping giant A.P. Moller-Maersk said on Monday it had appointed Vincent Clerc, who has been with the firm for 25 years, to replace Soren Skou as Chief Executive Officer as of Jan 1. Company veteran Clerc, who currently heads the company’s Ocean & Logistics business, is taking the helm at a time of …
Maersk replaces CEO to steer shipping firm through turbulent waters Read More »
By Sarah Young LONDON (Reuters) – British nurses will go on strike this week, hitting already stretched hospitals and cranking up pressure on Prime Minister Rishi Sunak to quell the biggest wave of industrial action to hit the country in decades. The walkout comes as strikes cripple the rail network and postal service, airports brace …
Britain braces for winter of strike action as nurses walk out Read More »
MONTREAL (Reuters) – Here’s the plan: Select 100 companies whose business burdens nature. Then, offer advice on how to lighten their impact and monitor their progress. Such is the vision of a campaign called “Nature Action 100” launched on Sunday by 11 investment firms hoping to encourage companies to help preserve ecosystems that support more …
Investor group launches campaign to help companies protect nature Read More »
ROME (Reuters) – The head of Italy’s central stressed its independence on Sunday after it became dragged into a row with coalition lawmakers over the use of cash in shops. “The Bank of Italy does not depend on the (commercial) banks. It is autonomous in judgement, independent in substance but is also independent by law,” …
After cash row, Italy central bank chief stresses its independence Read More »
By Toby Sterling AMSTERDAM (Reuters) – Grocery-in-minutes company Getir’s $1.2 billion deal to buy rival Gorillas is an important step toward consolidation in Europe’s food delivery market, where companies are struggling amid a post-COVID slowdown. After rapid expansion, these businesses were hit in March with a fall in lockdown-driven demand for deliveries and by rising …
Analysis-European food delivery shapes up with Getir’s Gorillas buy Read More »
ISTANBUL (Reuters) -Turkish President Tayyip Erdogan discussed the Black Sea grain export agreement on Sunday with the leaders of Russia and Ukraine, as both sides seek changes that would boost their exports. Turkey has acted as mediator alongside the United Nations in the grain deal, which opened up Ukrainian ports for exports after a six-month …
Erdogan discusses Black Sea grain deal with Putin, Zelenskiy Read More »
PRAGUE (Reuters) -Czech President Milos Zeman will appoint new members to the Czech National Bank board on Dec. 14, the president said on Sunday. President Zeman did not say who would replace two board members – Vice-Governor Marek Mora and board member Oldrich Dedek – whose terms expire in mid-February. “In the case of the …
Czech president: will appoint new members of central bank board on Dec. 14 Read More »
