ZURICH (Reuters) – The Swiss National Bank (SNB) sees no need to adjust its definition of price stability from its current target of “a rise in consumer prices of less than 2% per year”, Chairman Thomas Jordan in a speech he is due to deliver in Jackson, Wyoming. Raising the inflation target would lead to …
SNB’s Jordan sees no need to adjust inflation target Read More »
JACKSON HOLE, Wyo. (Reuters) – The European Central Bank (ECB) needs another significant interest rate hike in September and should hit the “neutral” level before the end of the year, French central bank chief Francois Villeroy de Galhau said on Saturday. The ECB raised rates by 50 basis points to zero in July to fight …
ECB needs ‘significant’ rate hike in Sept, Villeroy says Read More »
By Natalie Grover LONDON (Reuters) – AstraZeneca’s blockbuster diabetes drug Farxiga led to significant reductions in the risk of hospitalisation and death in people with all types of heart failure, according to study data released on Saturday, opening the door to a substantial increase in patients who could benefit. The drug belongs to a class …
AstraZeneca’s Farxiga cuts death risk in heart failure patients -study Read More »
LONDON (Reuters) – The British government’s options to support people facing sky-rocketing energy bills include handing loans to energy suppliers that could cut bills by up to 500 pounds ($587) a year, the Daily Telegraph newspaper reported on Saturday. Britain’s energy regulator said on Friday energy bills will jump 80% to an average of 3,549 …
Britain considering loans to energy suppliers as bills soar -Telegraph Read More »
JACKSON HOLE, Wyo. (Reuters) – A euro zone recession is now very likely but that alone will not bring down inflation and the European Central Bank should opt for a big rate hike next month, ECB policymaker Martins Kazaks said on Saturday. The ECB raised rates by 50 basis points in July to zero and …
ECB needs another big rate hike in September, Kazaks says Read More »
By Jessica DiNapoli and Alexander Marrow NEW YORK (Reuters) -Coca Cola HBC AG has started making a local cola, Dobry Cola, in Russia after stopping production and sales of Coca-Cola Co products following the mass exodus of Western companies earlier this year. Dobry has been a juice brand in Russia but Coca-Cola HBC https://www.reuters.com/business/retail-consumer/coca-cola-bottler-detail-costs-exiting-russia-2022-08-10/, which …
Coca-Cola bottler starts making ‘Dobry Cola’ in Russia Read More »
MEXICO CITY (Reuters) – The European Union should sign off on its updated trade agreement with Mexico later this year, Mexican Foreign Minister Marcelo Ebrard said on Friday. The EU and Latin America’s second-biggest economy in 2018 reached an agreement in principle on updating their joint trade deal, but the coronavirus pandemic and a complex …
Mexico expects EU trade deal to be approved in 2022, minister says Read More »
LONDON (Reuters) -Staff at London’s Stansted will begin voting on Friday whether to take strike action in a dispute over pay, the Unite Union said, threatening disruption at one of Britain’s busiest airports. Unite said more than 1,000 workers, including security officers, cleaners, firefighters and maintenance staff at Stansted would be balloted, with voting closing Sept. 19. …
Staff at London’s Stansted airport to vote on strike over pay Read More »
By Gus Trompiz and Sybille de La Hamaide PARIS (Reuters) – Europe’s blisteringly hot summer is forecast to result in the smallest potato crop in years, threatening further price rises for popular foods such as fries just as consumers contend with spiralling inflation. Potatoes, a staple for households whether bought fresh or as prepared items …
Burger with small fries? Scorching summer shrinks Europe’s potato crop Read More »
By Daniel Trotta (Reuters) -Moderna sued Pfizer and its German partner BioNTech on Friday for patent infringement in the development of the first COVID-19 vaccine approved in the United States, alleging they copied technology that Moderna developed years before the pandemic. The lawsuit, which seeks undetermined monetary damages, was filed in U.S. District Court in …
Moderna sues Pfizer/BioNTech for patent infringement over COVID vaccine Read More »
