By David Milliken LONDON (Reuters) – British credit card borrowing grew at the fastest pace since 2005 in the 12 months to July, Bank of England data showed on Tuesday, in a potential sign that some households are struggling to make ends meet as the cost of living soars. Credit card borrowing rose by a …
UK credit card borrowing rises by most since 2005 – BoE Read More »
LONDON (Reuters) – Britain’s pub and brewing industry on Tuesday called on the government to outline an urgent support package to prevent eye-watering increases in energy costs causing irreversible damage to the sector. Last week the energy regulator said the price cap for millions of households in Britain would jump 80% to an average of …
UK pubs warn of mass closures without state support on energy bills Read More »
OSLO (Reuters) – Equinor and Wintershall Dea will jointly develop carbon capture and storage projects, the oil firms said on Tuesday, with ideas to build a pipeline from Germany to Norway to transport and store carbon dioxide (CO2) under the North Sea. The firms would work together to establish technical and commercial solutions for the …
Equinor, Wintershall Dea eye pipeline to capture CO2 under North Sea Read More »
BRUSSELS (Reuters) – Euro zone economic sentiment fell more than expected in August, data showed on Tuesday, dragged lower by a drop in optimism in industry and in services despite a better mood among consumers, in retail and in construction. The European Commission’s monthly economic sentiment index fell to 97.6 points in August from a …
Euro zone economic sentiment falls more than expected in Aug Read More »
MADRID (Reuters) – The euro zone’s economy is likely to experience an economic slowdown, European Central Bank’s chief economist Philip Lane said on Tuesday, adding however that he did not rule out a mild, temporary and technical recession. Lane told Spanish broadcaster TVE that the ECB should raise interest rates on a step-by-step basis. The …
ECB’s Lane sees euro area slowdown, does not rule out technical recession Read More »
By Anisha Sircar (Reuters) -European shares rose on Tuesday following a two-day slump as banking stocks boosted bourses on the back of higher interest rate expectations, though fears around a burgeoning energy crisis and looming recession kept gains in check. The pan-European STOXX 600 rose 1.0%, after a sell-off of about 2.5% over the last …
Banks lift European bourses as rate hike, recession fears grow Read More »
(Reuters) – Spanish domestic consumer prices have eased despite remaining high, mainly due to lower fuel prices against a rise in power prices, preliminary data from the National Statistics Institute (INE) showed on Tuesday. The figure stood at 10.4% year-on-year in August, down from 10.8% the previous month. The reading was lower than the 10.9% …
Spain August 12-month inflation slows to 10.4% YoY; oil gives a break Read More »
By Valentine Baldassari (Reuters) -French telecoms firm Iliad reported a nearly 13% rise in its half-year core earnings on Tuesday, driven by growth in all three countries it operates in and the integration of Polish broadband operator UPC. Iliad, which billionaire Xavier Niel took private last year, said it was “keeping a vigilant eye” on …
France’s Iliad’s profits jump as sales grow in all markets Read More »
By Tom Hals WILMINGTON, Del. (Reuters) -Elon Musk has subpoenaed a Twitter Inc whistleblower, seeking documents and communications on the company’s spam and alleged security vulnerabilities as the billionaire battles to end his agreement to buy Twitter for $44 billion, according to a court filing on Monday. Musk sought information from whistleblower Peiter Zatko mostly …
Elon Musk subpoenas Twitter whistleblower, seeking details on spam, security Read More »
HELSINKI (Reuters) – Finland’s new Olkiluoto 3 nuclear reactor reconnected to the national grid late on Monday following an 11-hour outage caused by a measurement error in a voltage regulator, operator TVO said. The new and much-delayed reactor resumed test production on Aug. 28 after maintenance and upgrades, raising hopes it would assume regular service …
Finnish Olkiluoto 3 nuclear reactor back on grid after disturbance Read More »
