By Caroline Pailliez PARIS (Reuters) -Airport workers went on strike at Paris’ main international airport Roissy-Charles de Gaulle on Friday, forcing the cancellation of about 10% of flights and bringing more disruption to early summer travel. Scores of ground staff protested in front of one terminal to demand a big pay rise to cushion the …
Airport worker strikes ground some flights in Paris Read More »
By Devik Jain (Reuters) -UK stocks came under pressure on Friday after data showed factory activity lost more steam in June amid elevated price pressures, underlining the risk of a sharp slowdown or a recession in Britain. The blue-chip FTSE 100 ended flat after flirting with gains and losses in the session, while the domestically …
Recession worries strain London stocks on first day of second half Read More »
(Reuters) – Cryptocurrency exchange Coinbase Global Inc said on Friday it was looking to expand in some European markets, even as the digital asset market continues to experience a downturn. The company is in the process of expanding in France, Italy, Spain and the Netherlands, it said in a blog post, adding that it was …
Crypto exchange Coinbase looks to expand footprint in Europe Read More »
By Gwladys Fouche and Terje Solsvik OSLO (Reuters) -A planned strike among Norwegian oil and gas workers next week could cut the country’s overall petroleum output by around 8% unless a last-minute agreement is found over wage demands, a Reuters calculation showed on Friday. The conflict over wages between oil companies and offshore platform employees …
Norway oil and gas workers’ strike could cut about 8% of output Read More »
By Joice Alves LONDON (Reuters) -Sterling slumped on Friday against the dollar and was set for its worst week against the greenback in a year as renewed fears of a global recession coupled with UK weak economic data knocked the British currency. After its biggest six-month decline since 2008 against the U.S. dollar, risk-sensitive sterling …
Sterling slumps 1.5% vs dollar on safe-haven demand, weak UK data Read More »
MUNICH (Reuters) – Siemens said the market environment would dictate when it sells further shares in Siemens Energy, after warning late on Thursday that it was booking a writedown related to a slide in the value of Siemens Energy. “As we’ve emphasized in the past, we still clearly intend to reduce our stake in Siemens …
Siemens: Timing of Siemens Energy share sale depends on market environment Read More »
By Federica Mileo and Diana Mandia (Reuters) -French catering and food services group Sodexo announced on Friday a reorganisation of its main on-site services business to improve effectiveness and said it expects revenue and margin to return to pre-pandemic levels in 2023. Reporting better-than-expected third-quarter revenue helped by price hikes and post-Omicron volume recovery, the …
Caterer Sodexo to reorganise main unit as serves up sales beat Read More »
FRANKFURT (Reuters) – Euro zone inflation hit yet another record high in June as price pressures broadened, and its peak could still be months away, firming the case for rapid European Central Bank rate hikes starting this month. Consumer price growth in the 19 countries sharing the euro accelerated to 8.6% from 8.1%, Eurostat said …
Another inflation record firms case for bigger ECB rate hikes Read More »
OSLO (Reuters) -Volvo Car Group will invest 1.2 billion euros ($1.25 billion) to build an electric vehicle plant in Slovakia as part of its expansion plans, the Sweden-based automaker said on Friday. The plant, Volvo Cars’ third in Europe, will build electric vehicles (EV) only, in line with the company’s ambition to produce EVs exclusively …
Volvo Cars to build $1.25 billion EV plant in Slovakia Read More »
LONDON (Reuters) – British lenders increased their mortgage lending in May by the most since September last year, Bank of England data showed on Friday. Net mortgage lending increased by 7.426 billion pounds ($9.0 billion) while new mortgage approvals held roughly steady at 66,163, the BoE said. A Reuters poll of economists had pointed to …
UK mortgage lending hits highest since September Read More »
