LONDON (Reuters) -Britons became more gloomy this month and the prospect of tax increases in finance minister Rachel Reeves’ budget in November threatens to damage confidence levels further, a survey showed on Friday. Market research firm GfK said its consumer confidence index sank to -19 in September from -17 in August which had been its …
UK consumers turn more wary as economic worries mount, GfK says Read More »
LONDON (Reuters) -British finance minister Rachel Reeves risks “a major fiscal issue” if she misses her ambitious plans to make public services more efficient, a think tank warned on Friday, underscoring yet another challenge for Reeves ahead of her November budget. The Institute for Fiscal Studies estimated that Reeves’ spending plans implied average productivity growth …
UK’s Reeves faces “major fiscal issue” if she misses efficiency target, IFS says Read More »
By Thomas Escritt BERLIN (Reuters) -Cyber attacks, launched increasingly often by foreign intelligence agencies rather than criminals, cost the German economy almost 300 billion euros ($354.99 billion) over the past year, according to a survey published on Thursday. The survey by industry group Bitkom found that almost half of all companies that could identify the …
Cyber attacks cost German economy 300 billion euros in past year, survey finds Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Wall Street and world stocks roared to new highs on Thursday, boosted by the Federal Reserve’s interest rate cut the day before and a 23% surge in Intel shares, while the dollar and …
By Matt Tracy (Reuters) -U.S. corporate bond deal-making in the investment-grade market picked up on Thursday following a quiet period earlier in the week, spurred by a quarter basis point rate cut from the Federal Reserve at its September meeting. At least nine corporate issuers tapped the investment-grade corporate bond market for almost $15 billion …
US corporate bond dealmaking jumps day after Fed rate cut Read More »
By Gleb Bryanski and Darya Korsunskaya MOSCOW (Reuters) – Russian President Vladimir Putin signalled on Thursday that he is open to raising certain taxes, especially on the wealthy, as the government struggles to make ends meet in the fourth year of the war in Ukraine. The draft budget is expected to be submitted to parliament …
Putin signals tax hikes to close Russia’s budget gap Read More »
(Reuters) – British private hospital group Spire Healthcare said on Thursday it had initiated discussions with several parties to explore strategic options, including a potential sale of the company. The company said the review was at an early stage, emphasizing that no decision had been made to pursue any specific option and that it had …
UK’s Spire Healthcare says reviewing options, including possible sale Read More »
By Lucien Libert and Juliette Jabkhiro PARIS (Reuters) – Hundreds of thousands took part in anti-austerity protests across France on Thursday, urging President Emmanuel Macron and his new Prime Minister Sebastien Lecornu to acknowledge their anger and scrap looming budget cuts. Teachers, train drivers, pharmacists and hospital staff were among those who went on strike …
French unions strike against austerity, pressuring Macron Read More »
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Salzgitter, Germany’s second-largest steelmaker, has decided to delay expansion stages of a vital green steel project by three years, its CEO said on Thursday, adding the conditions in the sector had worsened considerably in recent years. Salzgitter is currently spending around 2.5 billion euros ($2.9 billion), including …
By Philip Blenkinsop BRUSSELS (Reuters) -ExxonMobil is pausing 100 million euros ($118.4 million) of investment in European plastic recycling because of draft EU rules that determine the recycled content in a final product. The U.S. energy producer has two projects for chemical recycling at existing plants in Rotterdam and Antwerp to process 80,000 metric tons …
Exxon pauses European plastic recycling plans over draft EU rules Read More »
