(Reuters) – Over 500 dockworkers at the Port of Liverpool, one of Britain’s largest container ports, have launched a two-week strike over pay, the Unite trade union said on Tuesday, adding to a wave of industrial unrest caused by soaring inflation. The Liverpool strike from Sept. 19 to Oct. 3, which was announced earlier this …
Hundreds of Liverpool dockworkers begin two-week strike over pay Read More »
LONDON (Reuters) – The British government, under newly appointed Prime Minister Liz Truss, plans to cut the wholesale prices that are incorporated into business energy bills this winter, Bloomberg reported on Tuesday. The report comes ahead of the government’s energy support package for businesses, which is expected this week as the government resumes its duties …
UK government to cap energy bills for businesses – Bloomberg Read More »
WASHINGTON (Reuters) – Steps that Turkish lenders Isbank and Denizbank took to suspend the use of Russian payment system Mir make a lot of sense, a senior U.S. administration official said on Tuesday, and said the United States expects more banks will cut off Mir over sanctions risk. Isbank and Denizbank on Monday announced separately …
U.S. expects more banks will cut off Russian payment system Mir – senior official Read More »
By Nivedita Balu (Reuters) -Take-Two Interactive Software Inc on Monday confirmed that a hacker had leaked the early footage of Grand Theft Auto VI, the next installment of the best-selling videogame. Dozens of development videos of the game showing footages of robberies, gunplay and open-world driving were posted on an online message board by the …
Take-Two confirms GTA VI leak, says game development unaffected Read More »
By Pete Schroeder WASHINGTON (Reuters) -JPMorgan Chase & Co Chief Executive Jamie Dimon will warn Congress of economic “storm clouds,” while Wells Fargo CEO Charles Scharf will urge patience as the bank addresses longstanding regulatory issues, according to wide-ranging prepared testimony. The heads of the nation’s seven largest banks on Wednesday and Thursday will broadly …
FRANKFURT (Reuters) -The European Central Bank may need to raise interest rates to a level that restricts economic growth in order to cool demand and combat unacceptably high inflation, ECB President Christine Lagarde said on Tuesday. The ECB has been raising rates at the fastest pace on record but inflation is still rising and even …
ECB’s Lagarde raises prospect of rate hikes beyond neutral level Read More »
By Hyunjoo Jin SAN FRANCISCO (Reuters) -Tesla Chief Executive Elon Musk blamed overreliance on factory robots for sending the electric carmaker to “production hell” four years ago, saying humans were better at certain jobs. My, how times have changed. Musk’s Texas company now is floating ambitious plans to deploy thousands of humanoid robots, known as …
Elon Musk faces skeptics as Tesla gets ready to unveil ‘Optimus’ robot Read More »
By Bansari Mayur Kamdar and Sruthi Shankar (Reuters) -UK’s main stock indexes hit two-week lows on Tuesday, bogged down by fears about higher interest rates and their impact on economic growth, ahead of key policy decisions from the U.S. Federal Reserve and Bank of England this week. The commodity-heavy FTSE 100 reversed early gains to …
UK stocks at two-week lows as rate worries deepen Read More »
LONDON (Reuters) -A group of British trade unions is seeking a judicial review of regulations allowing companies to hire temporary staff from agencies to fill in for striking workers, the unions said on Tuesday. Eleven trade unions across a range of industries and representing millions of workers said the rules could worsen industrial disputes and …
UK unions challenge rule allowing agency workers to fill in during strikes Read More »
By James Davey LONDON (Reuters) -British home improvement retailer Kingfisher on Tuesday reported a 29.5% fall in first-half profit but said trading was resilient despite a cost of living crisis that is eating into household budgets. CEO Thierry Garnier told reporters that sales of all product categories, with the exception of outdoor, had returned to …
UK’s Kingfisher says trading resilient despite profit fall Read More »
