Reuters UK Business

By Rashika Singh (Reuters) -J.P.Morgan on Thursday forecast stablecoin growth will only reach $500 billion by 2028, calling trillion-dollar projections “far too optimistic”, as there was little evidence of mainstream adoption of the dollar-pegged cryptocurrency token. Stablecoins have moved beyond their crypto trading roots to attract interest from fintechs and banks aiming to speed up …

J.P.Morgan wary of stablecoin’s trillion-dollar growth bets, cuts them by half Read More »

By Jennifer Rigby LONDON (Reuters) -The World Health Organization is pushing countries to raise the prices of sugary drinks, alcohol and tobacco by 50% over the next 10 years through taxation, its strongest backing yet for taxes to help tackle chronic public health problems.  The United Nations health agency said the move would help cut …

WHO pushes countries to raise prices on sugary drinks, alcohol and tobacco by 50% Read More »

MADRID (Reuters) -European low-cost carrier Wizz Air confirmed on Thursday that it was the latest airline to be investigated by Spain’s Ministry of Consumer Affairs over practices such as charging for larger cabin bags. The ministry, which had not named the carrier when it announced the latest investigation on Wednesday, has already imposed fines totalling …

Spain adds Wizz Air to probe of budget airlines over cabin luggage fees Read More »

By Sukriti Gupta, Sanchayaita Roy and Shashwat Chauhan (Reuters) -European shares closed higher on Thursday as investors took in stride a stronger-than-expected U.S. jobs report, with bank stocks leading gains as focus remained on a potential trade deal between the European Union and the United States. The pan-European STOXX 600 index closed 0.5% higher, in …

European shares advance as markets take US jobs data in stride Read More »

By Richard Lough PARIS (Reuters) -A walkout by French air traffic controllers to protest against staff shortages and ageing equipment forced airlines to cancel hundreds of flights on Thursday, just as the summer season gets under way. The strike impacted operations at airports across the country, including Paris’ Roissy Charles de Gaulle airport, one of …

French air traffic controllers’ walkout disrupts early summer season travel Read More »

By Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund urged Ukraine on Thursday to stick to its economic reforms and national revenue strategy as its battle against Russia’s invasion continues, and said the Russian economy was now slowing sharply. IMF spokeswoman Julie Kozack told a regular briefing that recent developments in Russia suggested its economic …

IMF urges continued reforms in Ukraine, sees lower growth in Russia Read More »