Goldman warns UK inflation could top 20% as recession nears
LONDON/HONG KONG (Reuters) -Inflation in Britain could exceed 20% early next year if spiralling gas prices fail to come down, economis..
Headlines
All Posts
Equinor, Wintershall Dea eye pipeline to capture CO2 under North Sea
OSLO (Reuters) – Equinor and Wintershall Dea will jointly develop carbon capture and storage projects, the oil firms said on Tue..
Headlines
UK pubs warn of mass closures without state support on energy bills
LONDON (Reuters) – Britain’s pub and brewing industry on Tuesday called on the government to outline an urgent support pac..
Headlines
Spain August 12-month inflation slows to 10.4% YoY; oil gives a break
(Reuters) – Spanish domestic consumer prices have eased despite remaining high, mainly due to lower fuel prices against a rise i..
Headlines
Less than 10% of German gas levy to go to firms that don’t need it, says Habeck
BERLIN (Reuters) – Only a small part of a gas levy on German consumers will benefit companies that are not in danger of a liquid..
Headlines
Rouble firms in early Moscow trade, Russian stocks hit 2-month high
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) R..
Headlines
Switzerland’s engineering sector urges country to start energy saving now
ZURICH (Reuters) – Switzerland’s mechanical and electrical engineering sector said on Tuesday that businesses and househol..
Headlines
Banks lift European bourses as rate hike, recession fears grow
By Anisha Sircar (Reuters) -European shares rose on Tuesday following a two-day slump as banking stocks boosted bourses on the back of..
Headlines
O’Grady to return to Bank of Ireland as CEO – Irish Times
DUBLIN (Reuters) – Bank of Ireland’s board has selected the group’s former chief financial officer Myles O’Gra..
Headlines
Parched UAE turns to science to squeeze more rainfall from clouds
By Abir Ahmar ABU DHABI (Reuters) – As a twin-turboprop aircraft takes off under the burning desert sun with dozens of salt cani..
Headlines
Schlumberger, Subsea 7 and Aker Solutions to form subsea engineering firm
OSLO (Reuters) – U.S. engineering firm Schlumberger and Norway’s Aker Solutions plan to merge their subsea oil and gas con..
Headlines
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 ..
Headlines
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..
Headlines
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..
Headlines
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 ..
Headlines
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..
Headlines
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..
Headlines
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..
Headlines
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..
Headlines
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 ..
Headlines
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..
Headlines
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..
Headlines
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..
Headlines
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..
Headlines
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..
Headlines
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..
Headlines
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..
Headlines
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..
Headlines
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..
Headlines
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 ..
Headlines
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 ..
Headlines
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..
Headlines
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..
Headlines
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..
Headlines
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..
Headlines
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..
Headlines
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..
Headlines