By Sinchita Mitra and Amna Karimi (Reuters) -British retailer WH Smith and hotel group Whitbread are seeing business return to pre-pandemic levels, with pent-up demand for summer vacations boosting the leisure industry’s recovery from the COVID-19 crisis. WH Smith, which has shops at airports and railway stations, said on Wednesday its revenue in the third …
UK travel and leisure firms gets summer travel boost Read More »
BERLIN (Reuters) – Germany’s economy is expected to grow more weakly than previously expected this year due to the economic consequences of the war in Ukraine, the Ifo institute said on Wednesday. The institute cut its 2022 forecast for German growth to 2.5%, from 3.1% previously predicted in March, while revising its inflation forecast to …
Less growth, more inflation for German economy in 2022 -Ifo Read More »
BERLIN (Reuters) – Germany’s IfW economic institute said on Wednesday it was raising its forecast for German inflation this year to 7.4% from 5.8% previously. For 2023, the IfW raised its inflation forecast to 4.2% from 3.4%. IfW, one of the Germany’s leading institutes and part of a group that advises the government, nevertheless left …
Germany’s IfW raises 2022 inflation forecast to 7.4% from 5.8% Read More »
By Anna Ringstrom STOCKHOLM (Reuters) -H&M, the world’s second-biggest fashion retailer, posted a bigger than expected rise in sales in the three months from March, joining its main rival Inditex in reporting a rebound in demand after the pandemic. Net sales were up 17% year-on-year, or 12% when measured in local currencies, at 54.5 billion …
H&M sales jump as shoppers return after the pandemic Read More »
DUBLIN (Reuters) – Ryanair has dropped a requirement for South African passengers to prove their nationality before travelling by completing a test in Afrikaans, Chief Executive Michael O’Leary said after the policy drew a backlash among South Africans. The South African government said last week it was taken aback by the low cost carrier’s decision …
Ryanair drops Afrikaans test after backlash in South Africa Read More »
(In para 6, clarifies source of ECB view on new tool) By Yoruk Bahceli, Dhara Ranasinghe and Stefano Rebaudo LONDON (Reuters) – As the European Central Bank rushes to exit stimulus and raise interest rates to tame inflation, bond markets are testing its ability and willingness to act against the strains that are starting to …
How will the ECB contain fragmentation risk in euro area bond markets? Read More »
ZURICH (Reuters) – Airports in Zurich and Geneva began to ramp up service on Wednesday after a technical problem with the air traffic control system halted takeoffs and landings for hours. “Flight operations at Zurich Airport are running again. Flight operations are planned at 50% capacity until 09:30 (0730 GMT), and at 75% capacity from …
Swiss airports resume flights after air traffic control glitch Read More »
By Sruthi Shankar (Reuters) -European stocks rallied on Wednesday, with banks leading the gains, after the European Central Bank said its rate-setting Governing Council would hold an unscheduled meeting to discuss the recent sell-off in government bond markets. An index of euro zone shares climbed 1.5%, while the pan-European STOXX 600 added 1%. Italian bank …
European stocks jump as ECB holds surprise meeting Read More »
By David Shepardson WASHINGTON (Reuters) -U.S. and European aviation safety regulators plan to hold a meeting next week with Boeing on its 777X airplane that is awaiting certification, Europe’s top aviation safety regulator said on Tuesday. Boeing in April said it was halting production of the 777X through 2023 and confirmed a delay in handing …
European, U.S. regulators to hold meeting with Boeing on 777X Read More »
JERUSALEM (Reuters) – The European Union is looking to Israel to help reduce its energy dependence on Russia following the Russian invasion of Ukraine, European Commission President Ursula von der Leyen said in Jerusalem on Tuesday. “We want to boost our energy cooperation with Israel,” the head of the EU executive said in a joint …
EU looking to Israel to help it reduce energy reliance on Russia Read More »
