Reuters UK Business

By Joice Alves and Josephine Mason LONDON (Reuters) – Plans by European companies to hike wages and pay one-off bonuses to help staff cope with a torrid winter are raising alarm among investors concerned that the extra cost could hurt profits and undermine the region’s economy. Stellantis and LVMH are among a slew of companies …

Analysis-Europe Inc’s wage hikes alarm investors as worries about recession grow Read More »

(Reuters) – British lawmaker Greg Hands was appointed as the minister of state in Department for International Trade, the prime minister’s office said in a statement on Sunday. (Reporting by Baranjot Kaur in Bengaluru; Editing by Cynthia Osterman)

LONDON (Reuters) – Senior Cabinet Office minister Nadhim Zahawi on Sunday said it is “extremely unlikely” Britain would have planned power cuts over winter, responding to a National Grid warning that the country could face blackouts if it cannot import enough energy. “It is extremely unlikely, but it’s only right that we plan for every …

UK minister Zahawi: planned power cuts extremely unlikely Read More »

(Reuters) – U.S. Treasury Secretary Janet Yellen said a decision by the OPEC+ grouping to cut oil production was “unhelpful and unwise” for the global economy, especially emerging markets, the Financial Times said on Sunday. “We’re very worried about developing countries and the problems they face,” Yellen told the newspaper in an interview. She also …

OPEC oil cuts bad for global economy, says U.S.’s Yellen -FT Read More »

(Reuters) – Ukraine’s economy shrank by an estimated 30% in the first three quarters of 2022 compared with the same period in 2021, largely due to Russia’s invasion, the economy ministry said on Saturday. Bad weather in September that slowed the pace of harvesting also played a role, as did interruptions in supply from the …

Ukraine’s economy shrank by 30% in first three quarters of 2022 Read More »

By Sabrina Valle MOSCOW/HOUSTON (Reuters) -Russian President Vladimir Putin signed a decree on Friday that establishes a new operator for the Exxon Mobil Corp-led Sakhalin-1 oil and gas project in Russia’s Far East. Putin’s move affecting Exxon’s largest investment in Russia mimics a strategy he used to seize control of other energy properties in the …

Putin orders seizure of Exxon-led Sakhalin 1 oil and gas project Read More »

By Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund said on Friday its executive board approved Ukraine’s request for $1.3 billion in additional emergency funding to help sustain its economy as it battles Russia’s invasion. The funds will come from a new emergency lending program to address food shortages approved by the IMF board last …

IMF board approves $1.3 billion in emergency funding for Ukraine Read More »

By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth slowed moderately in September while the unemployment rate dropped to 3.5%, pointing to a tight labor market which keeps the Federal Reserve on its aggressive monetary policy tightening campaign for a while. Though the decline in the jobless rate from 3.7% in August was partly because …

U.S. labor market charges ahead as nonfarm payrolls rise solidly, jobless rate falls Read More »