News

Oil prices rise on U.S. drawdown, Chinese fears weigh

Oil prices rise on U.S. drawdown, Chinese fears weigh

By Shadia Nasralla and Rowena Edwards LONDON (Reuters) -Oil prices rose by more than 2% on Wednesday after data suggested a larger tha..

Analysis-Russian gold removed from some Western funds after Ukraine

Analysis-Russian gold removed from some Western funds after Ukraine

By Peter Hobson LONDON (Reuters) – Hidden inside high-security bank vaults in London, Zurich and New York, billions of dollars&#..

SpaceX rocket sends first global water survey mission into orbit

SpaceX rocket sends first global water survey mission into orbit

By Steve Gorman LOS ANGELES, Calif. (Reuters) -A SpaceX rocket blasted off early on Friday carrying a U.S.-French satellite designed t..

Britain’s Purplebricks to cut more than 10% of jobs – The Times

Britain’s Purplebricks to cut more than 10% of jobs – The Times

(Reuters) – Purplebricks Group PLC, Britain’s biggest online-only real estate agency, will cut more than 10% of its workfo..

EU opens antitrust probe into Broadcom’s $61 billion VMware bid

EU opens antitrust probe into Broadcom’s $61 billion VMware bid

PARIS (Reuters) -European antitrust regulators have opened an in-depth investigation into U.S. chipmaker Broadcom’s proposed $61..

Siemens Gamesa names Luijendijk CEO of onshore wind unit

Siemens Gamesa names Luijendijk CEO of onshore wind unit

By Andres Gonzalez LONDON (Reuters) – Wind turbine maker Siemens Gamesa has appointed its Asia Pacific boss Richard Luijendijk a..

Bank of England raises rates to 3.5%, says inflation has peaked

Bank of England raises rates to 3.5%, says inflation has peaked

(This Dec. 15 story has been corrected to change Robert Dishner’s location to London from Chicago in paragraph 33) LONDON (Reute..

Take Five: Keeping the lights on

Take Five: Keeping the lights on

(Reuters) – The Bank of Japan will be the last of the major central banks to hold a policy meeting this year, and policy-makers ..

No Santa rally for markets as central banks dampen peak rate hopes

No Santa rally for markets as central banks dampen peak rate hopes

By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) -Forget a year-end rally in financial markets. The message from major central b..

Marketmind: Hawk-eyed

Marketmind: Hawk-eyed

A look at the day ahead in European and global markets from Ankur Banerjee Investors have hunkered down with their risk-off hat on, af..

BoE raises rates again as investors look towards end of hikes

BoE raises rates again as investors look towards end of hikes

By David Milliken and Farouq Suleiman LONDON (Reuters) – The Bank of England raised its key interest rate by a further half-perc..

Electric vehicles confront the leap to the mass market

Electric vehicles confront the leap to the mass market

By Joseph White DETROIT (Reuters) – The past year was sobering for investors who poured money into Tesla Inc and rival electric ..

Swiss National Bank says inflation battle not yet won

Swiss National Bank says inflation battle not yet won

By John Revill and Michael Shields BERN (Reuters) – Swiss National Bank Chairman Thomas Jordan said it was too early to “s..

Telecom equipment maker Ericsson divests Russian operation

Telecom equipment maker Ericsson divests Russian operation

HELSINKI (Reuters) – Swedish telecom equipment maker Ericsson said on Thursday it had divested a customer support operation in R..

UK retailer Currys warns on profit as Nordic chill sweeps in

UK retailer Currys warns on profit as Nordic chill sweeps in

By Aby Jose Koilparambil (Reuters) -British electricals retailer Currys cut its full-year profit forecast on Thursday after heavy disc..

EU meets to try to break gas price cap impasse

EU meets to try to break gas price cap impasse

By Kate Abnett, Gabriela Baczynska and Benoit Van Overstraeten BRUSSELS (Reuters) -European Union energy ministers meeting in Brussels..

Sterling holds firm after UK jobs data muddies rate outlook

Sterling holds firm after UK jobs data muddies rate outlook

By Amanda Cooper LONDON (Reuters) – The pound held broadly steady on Tuesday, as gains following UK employment data were offset ..

Explainer-Europe’s fiercely contested plan to cap gas prices

Explainer-Europe’s fiercely contested plan to cap gas prices

By Susanna Twidale, Kate Abnett and Gabriela Baczynska (Reuters) – A proposed cap on gas prices has divided European Union count..

Food inflation: Tight grain, oilseed supplies to keep prices elevated

Food inflation: Tight grain, oilseed supplies to keep prices elevated

By Naveen Thukral SINGAPORE (Reuters) – Drought or too much rain, the war in Ukraine and high energy costs look set to curb glob..

London stocks slip ahead of key interest rate decisions

London stocks slip ahead of key interest rate decisions

By Johann M Cherian and Shristi Achar A (Reuters) – British shares closed lower on Monday, with investors treading cautiously ah..

EU could face gas shortage next year, IEA warns

EU could face gas shortage next year, IEA warns

By Kate Abnett BRUSSELS (Reuters) -The European Union has enough gas for the winter but could face a shortage next year if Russia cuts..

Keystone oil pipeline restart timetable unclear; traders worry about supply

Keystone oil pipeline restart timetable unclear; traders worry about supply

By Erwin Seba and Stephanie Kelly WASHINGTON, Kan. (Reuters) -Traders expressed worry on Monday about how long Canada’s TC Energ..

Queues form at fever clinics as China wrestles with COVID surge

Queues form at fever clinics as China wrestles with COVID surge

By Eduardo Baptista and Josh Ye BEIJING/HONG KONG (Reuters) -People queued outside fever clinics at Chinese hospitals for COVID-19 che..

Croatia’s coast turns to solar in bid to become energy-sustainable

Croatia’s coast turns to solar in bid to become energy-sustainable

By Daria Sito-Sucic MAKARSKA, Croatia (Reuters) – As high electricity bills have closed most hotels along Croatia’s Adriat..

Britain braces for winter of strike action as nurses walk out

Britain braces for winter of strike action as nurses walk out

By Sarah Young LONDON (Reuters) – British nurses will go on strike this week, hitting already stretched hospitals and cranking u..

Metro Bank, former top bosses fined over reporting error

Metro Bank, former top bosses fined over reporting error

By Iain Withers LONDON (Reuters) – British challenger bank Metro and two of its former executives have been slapped with fines b..

European food delivery shapes up with Getir’s Gorillas buy

European food delivery shapes up with Getir’s Gorillas buy

By Toby Sterling AMSTERDAM (Reuters) -Grocery-in-minutes company Getir’s $1.2 billion deal to buy rival Gorillas is an important..

Oil edges up on U.S. pipeline restart uncertainty, Russian supplies

Oil edges up on U.S. pipeline restart uncertainty, Russian supplies

By Emily Chow SINGAPORE (Reuters) -Oil prices rose as much as more than 1% on Monday as a key pipeline supplying the United States rem..

UK manufacturers expect output to fall 3.2% in 2023

UK manufacturers expect output to fall 3.2% in 2023

By David Milliken LONDON (Reuters) – British manufacturers expect output to fall by 3.2% next year after a 4.4% decline in 2022,..

King Charles releases photo for first Christmas card as monarch

King Charles releases photo for first Christmas card as monarch

LONDON (Reuters) – Buckingham Palace on Sunday released the photograph for King Charles’ first Christmas card as monarch, ..

Explainer-How Britain is exploiting Brexit to reform finance?

Explainer-How Britain is exploiting Brexit to reform finance?

By Huw Jones LONDON (Reuters) – Britain proposed over 30 reforms on Friday to bolster the City of London’s role as a globa..

Cold spell tests Europe’s gas cutback ambitions

Cold spell tests Europe’s gas cutback ambitions

By Leigh Thomas PARIS (Reuters) – Europe’s first cold spell heading into the depths of winter is testing the resolve of co..

France strains to avert power cuts as cold snap tests Europe’s energy resolve

France strains to avert power cuts as cold snap tests Europe’s energy resolve

By Gus Trompiz and Forrest Crellin PARIS (Reuters) -France expects to avoid electricity cuts on Monday but faces a difficult week as t..

UK airports face Christmas disruption as border staff to strike

UK airports face Christmas disruption as border staff to strike

LONDON (Reuters) -Border Force workers at several major British airports including the country’s busiest, Heathrow, will go on s..

Another momentous year beckons for Britain’s royal family

Another momentous year beckons for Britain’s royal family

By Michael Holden LONDON (Reuters) – The last year will go down as one of the most seismic in the history of the British royal f..

French environmentalists file complaint against Apple for wasteful practices

French environmentalists file complaint against Apple for wasteful practices

PARIS (Reuters) -A French environmental campaign group filed a complaint against Apple Inc. over commercial practices restricting the ..

British PM Rishi Sunak pledges further action on strikes to ‘protect lives’

British PM Rishi Sunak pledges further action on strikes to ‘protect lives’

LONDON (Reuters) -Prime Minister Rishi Sunak said on Wednesday he would take more action “to protect the lives and livelihoods&#..