PIMCO cut big position in Russia CDS by adding bonds in Q2
By Davide Barbuscia NEW YORK (Reuters) – PIMCO’s largest investment fund bought Russia government international bonds and ..
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Toyota’s July global vehicle output drops again, puts annual target in doubt
(Reuters) -Toyota Motor Corp said on Tuesday its July global vehicle production had fallen 8.6% year-on-year, missing its target for t..
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Rate fever propels dollar, wallops stocks and bonds
By Dhara Ranasinghe and Koh Gui Qing NEW YORK/LONDON (Reuters) – World stocks slumped on Monday as the growing risk of more aggr..
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EEX markets to remain open as power prices soar – statement
FRANKFURT (Reuters) – The European Energy Exchange said on Monday the bourse would remain open in its transparent price-setting ..
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Celonis Secures $1 Billion to Help Customers Fight Economic and Supply Chain Challenges with Process Improvements
Includes a $400 Million Series D Extension and a Historic $600 Million Credit Facility Investment Based on Celonis’ Unique Position to..
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Wearable tech pioneer DIGISEQ partners with AdornPay to bring passive wearable payments to the Netherlands
DIGISEQ’s trail-blazing contactless tech solution selected by AdornPay to bring wearable payments to the Dutch marketplace Powered by ..
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Dollar touches 20-year high, but kept in check by euro, as rates in focus
By John McCrank and Dhara Ranasinghe NEW YORK (Reuters) -The dollar touched a fresh 20-year high on Monday, fuelled by hawkish comment..
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French PM tells firms to draft energy savings plans to avoid rationing
By Leigh Thomas PARIS (Reuters) -French Prime Minister Elisabeth Borne urged companies on Monday to draft energy savings plans by next..
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Czechs seek EU price cap on gas-for-power as energy bills soar
By Jan Lopatka and Jason Hovet PRAGUE (Reuters) -The Czech Republic will convene an emergency meeting of European Union energy ministe..
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Russia says economy to contract by less than 3% in 2022
MOSCOW (Reuters) -Russia’s economy will shrink by less than 3% in 2022, a much shallower contraction than initially expected, wh..
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EEX markets to remain open as power prices soar – statement
FRANKFURT (Reuters) – The European Energy Exchange said on Monday the bourse would remain open in its transparent price-setting ..
News
Stocks and bonds slump, dollar hot as rate fever takes hold
By Dhara Ranasinghe and Koh Gui Qing NEW YORK/LONDON (Reuters) – World stocks slumped on Monday as the growing risk of more aggr..
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NASA postpones debut Artemis test flight of new moon rocket after engine snag
By Joey Roulette and Steve Gorman CAPE CANAVERAL, Fla. (Reuters) -An engine problem forced NASA on Monday to postpone for at least fou..
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Germany’s energy bill spirals as Uniper seeks more cash
By Christoph Steitz FRANKFURT (Reuters) – Uniper requested more financial help from the German government on Monday, raising the..
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Factbox-The EU’s future according to Scholz: Job-sharing commissioners and majority votes
PRAGUE (Reuters) – German Chancellor Olaf Scholz outlined his vision for the future of Europe on Monday in a speech at Prague..
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Traders ramp up bets on 75 basis-point ECB Sept hike, bond yields jump
By Yoruk Bahceli (Reuters) -Euro zone money markets moved on Monday to price in a two-thirds chance of a large 75 basis-point European..
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Belgium supports energy price caps, suspending trading in EU power crunch
BRUSSELS (Reuters) – Belgium has backed introducing price caps for European Union’s gas and electricity hubs, as well as s..
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Dutch wind farm blows away opposition as ‘new millers’ get a stake
By Esther Verkaik ZEEWOLDE, Netherlands (Reuters) – Authorities in the Dutch city of Zeewolde have opened one of the countryR..
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Oil rises on prospect of OPEC+ supply cut
By Alex Lawler LONDON (Reuters) -Oil rose more than 1% on Monday, extending last week’s gain, as potential OPEC+ output cuts and..
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Floods, other water-related disasters could cost global economy $5.6 trillion by 2050 -report
By Gloria Dickie LONDON (Reuters) – Worsening droughts, storms and torrential rain in some of the world’s largest economie..
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ECB should raise rates at steady pace, chief economist says
FRANKFURT (Reuters) -The European Central Bank should raise interest rates at a “steady pace” until the end of its hiking ..
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EU may agree tightening visas for Russians, discuss training of Ukraine troops
By Jan Lopatka and Sabine Siebold PRAGUE (Reuters) -European Union foreign ministers, meeting in Prague on Tuesday and Wednesday, may ..
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Russian rouble firms towards 60 vs dollar, stocks up
MOSCOW (Reuters) -The rouble firmed towards 60 against the dollar on Monday, supported by the last month-end tax payments that boost d..
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Ericsson, Nokia to wind down Russian operations by year end
By Supantha Mukherjee and Alexander Marrow STOCKHOLM/MOSCOW (Reuters) -Ericsson said on Monday it will gradually wind down business ac..
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Moscow Exchange hopes for first ‘replacement bond’ issues in September
By Alexander Marrow MOSCOW (Reuters) -Moscow Exchange, Russia’s largest bourse, said the first issues of so-called “replac..
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Pain of breaking inflation will reverberate around the globe
By Balazs Koranyi and Howard Schneider JACKSON HOLE, Wyo. (Reuters) -The message from the world’s top finance chiefs is loud and..
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Hungary seeks increased gas supplies from Gazprom -foreign minister
BUDAPEST (Reuters) – Hungary will continue talks with Russia on additional gas supplies and expects to reach a deal with Gazprom..
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Oil trio’s Northern Lights in Yara CO2 emissions storage deal
By Nerijus Adomaitis and Nora Buli STAVANGER, Norway (Reuters) -Norwegian carbon dioxide (CO2) storage company Northern Lights and its..
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Swiss watchmakers remain upbeat ahead of Geneva gathering
By Silke Koltrowitz ZURICH (Reuters) – Swiss watchmakers are not seeing signs so far that geopolitical tensions and recession fe..
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Sony to buy mobile game developer in push beyond consoles
By Sam Nussey TOKYO (Reuters) – Sony Group Corp on Monday said it will acquire Helsinki and Berlin-based mobile games business S..
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Finnair partners with Qatar Airways in search of new routes
(Reuters) – Finnair will establish a strategic partnership with Qatar Airways to open up new routes from Nordic capitals ..
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From linear to circular: Transforming retail supply chains for a sustainable future
Goutam Dev, VP, Head of Strategic Customer Program and Consumer Industries at SAP As one of the largest contributors to climate..
Business
Avast Ransomware Shield Offers New Layer of Protection For Businesses In Light of Evolving Threats
Avast sees global increase in ransomware attacks with 24% increase in Q2/2022 from previous quarter Avast’s Ransomware Shield o..
Cyber Security
poundtoken available on the Fireblocks network to facilitate trade for the GBP economy
22nd August 2022: poundtoken (GBPT), the first FSA-regulated stablecoin fully backed 1:1 by pound sterling, announced that it i..
Finance
Shopware recognized in Gartner® Magic Quadrant™ report for the third year in a row
Schöppingen/Stamford (USA), 18th August, 2022 – Shopware has been included in the 2022 iteration of the Gartner® Magic Quadrant..
Digital
World Internaut Day: Five tips for surfing the internet safely
In the UK there are approximately 64 million internet users, with the average person spending an estimated 6 hours and 12 minut..
Cyber Security
The Technology Trends Shaping 2022
By: IEEE Standards Association With the continuous evolution of technology, the IEEE Standards Association (IEEE SA) continues ..
Digital