By William Schomberg and Andy Bruce LONDON (Reuters) -Britain’s economy grew by less than expected in July, raising the risk that it is already in a recession, with the sharp climb in energy tariffs hurting demand for electricity and a leap in the cost of materials hitting the construction sector. With inflation at a 40-year …
Surging prices hit UK economic growth, raise recession risk Read More »
FRANKFURT (Reuters) -German pilots at flagship carrier Lufthansa have agreed not to strike until mid-2023 under an initial wage dispute agreement that includes a 980-euro ($998.23) pay rise, both sides said on Monday. During the truce period, which runs until June 30 next year, the union and the company aim to expand the deal into …
Lufthansa and pilots’ union agree strike truce, pay rise Read More »
By Marie Mannes COPENHAGEN (Reuters) -Sweden’s Electrolux on Monday announced plans to cut costs and warned its profit would drop as high inflation and low consumer confidence softened demand for its home appliances, sending its shares down as much as 7%. Demand for core appliances in Europe and the United States has decreased at a …
By Jaskiran Singh (Reuters) – Johnson & Johnson (J&J) has reached a A$300 million ($204.90 million) settlement in two Australian class action suits filed by Shine Lawyers for selling defective pelvic mesh implants to Australian women, the law firm said on Monday. The settlement, which Shine Lawyers said was the largest settlement in a product-liability …
J&J reaches $205 million settlement in Australian pelvic mesh class action Read More »
BERLIN (Reuters) – Germany imported goods from Russia valued at 2.9 billion euros ($2.95 billion) in July, according to data released on Monday, as elevated energy costs frustrated German efforts to wind down trade with Russia. The value of German imports from Russia rose by 10.2% compared to July 2021, the Federal Statistical Office said. …
Germany paying billions for Russian imports – stats office Read More »
(This Sept. 10 story corrects annual revenue target from three pillar video games to 2 billion euros in paragraph 15) By Mathieu Rosemain PARIS (Reuters) – Ubisoft, France’s biggest video games maker, is still open to other partners after a deal in which China’s Tencent will raise its stake in the company, its co-founder and …
Ubisoft CEO says still open to other partners after Tencent deal Read More »
(Reuters) – Buying out majority shareholders of utility Slovenske Elektrarne, including Italy’s Enel, is one “extreme” option for Slovakia to tackle Europe’s energy crisis hitting the country, Finance Minister Igor Matovic was quoted as saying on Sunday. However, Matovic said that he saw the most likely solution as capping profits of non-gas energy producers, which …
PRAGUE (Reuters) – The Czech government will look at putting a limit on industrial electricity bills at the same time as it caps prices for households and state institutions to help them get through the energy crisis, Finance Minister Zbynek Stanjura said on Sunday. The centre-right government is readying more measures to go alongside European …
Czech minister wants power price limits for industry as part of broader help Read More »
By John Irish PARIS (Reuters) – France’s transport minister said on Sunday he would sign an agreement with Romania to help increase Ukrainian grain exports to developing countries including to the Mediterranean. Ukraine’s grain exports have slumped since the start of the war because its Black Sea ports, a key route for shipments, were closed …
France, Romania to agree deal to boost Ukrainian grain exports – minister Read More »
FRANKFURT (Reuters) – Germans could overload their power grid as they switch to inefficient electric heaters in an attempt to avoid gas shortages this winter, utilities warned in an article published on Sunday. Households have been stocking up on electric fan heaters, including portable devices, sales figures show, amid fears that Russia could cut or …
Germans switch to costly fan heaters as gas shortage fears bite Read More »
