Reuters UK Business

ZURICH (Reuters) – Members of Swiss cooperative supermarket chain Migros have voted by a clear majority to uphold the ban on alcohol sales its health-conscious founder adopted when he set up the business in the 1920s. The alcohol ban was instituted in 1928, three years after the chain’s founder Gottlieb Duttweiler began his pioneering retail …

Swiss shoppers vote to keep Migros founder’s alcohol ban Read More »

By John Revill and Silke Koltrowitz BERN (Reuters) -The Swiss National Bank raised its policy interest rate for the first time in 15 years in a surprise move on Thursday and said it was ready to hike further, joining other central banks in tightening monetary policy to fight resurgent inflation. The central bank increased its …

Swiss National Bank ready for more rate hikes after shock move Read More »

LONDON (Reuters) – British consumer spending on credit and debit cards fell sharply in the week to June 9, as did visits to retail and recreation sites, weekly figures collated by the Office for National Statistics showed on Thursday. Consumer spending on credit and debit cards – based on Bank of England CHAPS interbank payments …

UK sees fall in job adverts, less consumer spending – ONS Read More »

By Nina Chestney LONDON (Reuters) -Russian gas supply to Europe fell further on Thursday, sparking concerns about refilling storage for winter and igniting a diplomatic tussle as Russian supplier Gazprom blamed Western sanctions for hampering maintenance work. The drop in supply comes as the leaders of Germany, Italy and France visit Ukraine under pressure to …

Russian gas flows to Europe fall further amid diplomatic tussle Read More »

(Reuters) -Russia needs to rethink the contours of its export-dependent economy to ensure that industry works for the domestic market but most capital controls should be scrapped, Central Bank Governor Elvira Nabiullina said on Thursday. Nabiullina, speaking at Russia’s flagship annual economic conference in St. Petersburg, said that a “substantial part” of Russian industry should …

Russia needs export rethink but no capital controls, central bank chief says Read More »

PARIS (Reuters) – France’s anti-trust watchdog body said on Thursday that it had approved commitments made by Facebook owner Meta Platforms regarding the French online advertising sector. It added Meta had committed to giving access over a five-year period to advertising inventories and campaign data to adtech companies on ‘transparent, objective and predictable’ conditions. In …

French watchdog approves commitments by Facebook owner Meta over online advertising Read More »

By Jonathan Stempel NEW YORK (Reuters) – Unilever Plc was sued on Wednesday by a U.S. shareholder who said the company mishandled the decision by its Ben & Jerry’s unit to stop selling ice cream in Israeli-occupied Palestinian territories. According to the proposed class action in Manhattan federal court, Unilever improperly concealed the decision before …

Unilever shareholder sues over Ben & Jerry’s Israel boycott Read More »

By Stephanie Kelly and Scott DiSavino NEW YORK (Reuters) -Energy executives at a Reuters conference on Wednesday urged shorter-term solutions such as efficiency and conservation during the current fuel supply crunch, saying companies must scramble to meet climate targets set for 2030. Global oil and gas supplies have tightened and fuel costs have skyrocketed since …

Energy executives urge near-term transition solutions amid supply crunch Read More »

By Francesco Canepa MILAN (Reuters) – The European Central Bank is likely to attach some loose conditions to an upcoming scheme designed to cap borrowing costs for the euro zone’s most indebted states in a bid to win support for it, sources told Reuters. The ECB stepped in to stem a rout in bond markets …

ECB bond-buying scheme likely to have loose conditions -sources Read More »