Sterling falls as BoE expects recession, US futures up

Sterling falls as BoE expects recession, US futures up

Bank of England hikes rates by 50 basis points BoE expects recession throughout 2023 Fed official: 50bp hike in Sept “reasonable” Oil stabilized after hitting six-month low Lufthansa returns to operating profit LONDON, Aug 4 (Reuters) – Sterling fell on Thursday after the Bank of England followed its counterparts in the United States and euro … Read more

Ukraine warns of new Russian offensive; Sweden, Finland move closer to joining NATO

Ukraine warns of new Russian offensive;  Sweden, Finland move closer to joining NATO

Ukraine warns of new Russian southern offensive Strike force aimed at president’s hometown, says Ukraine US, Italy approve Finland, Sweden accession to NATO Ukraine calls on China to help end war, says SCMP KYIV/WASHINGTON, Aug 4 (Reuters) – Ukraine said Russia had started creating a military strike force aimed at President Volodymyr Zelenskiy’s hometown of … Read more

GLOBAL ECONOMY Factories squeezed by higher prices, weak demand

GLOBAL ECONOMY Factories squeezed by higher prices, weak demand

Staff work inside a non woven filter fabric factory, where the fabric is used to make surgical face masks, in Taoyuan, Taiwan, March 30, 2020. REUTERS/Ann Wang/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON/LONDON, Aug 1 (Reuters) – Factories across the United States, Europe and Asia struggled for momentum in July … Read more

If you are high risk, do not wait for updated COVID vaccines, experts say

If you are high risk, do not wait for updated COVID vaccines, experts say

CHICAGO, July 29 (Reuters) – People at high risk of severe disease who have yet to get a second COVID-19 booster should not wait for next-generation, Omicron-targeted vaccines expected in the fall, five vaccine experts told Reuters. In many countries, including the United States, the BA.5 Omicron subvariant of the virus is surging, but current … Read more

Russia cuts gas flows further as Europe makes savings plea

Russia cuts gas flows further as Europe makes savings plea

Pipes at the landfall facilities of the Nord Stream 1 gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke/ Register now for FREE unlimited access to Reuters.com Register BERLIN/FRANKFURT, July 27 (Reuters) – Russia delivered less gas to Europe on Wednesday in a further escalation of an energy stand-off between Moscow and … Read more

Russia’s Gazprom tightens squeeze on gas flow to Europe

Russia's Gazprom tightens squeeze on gas flow to Europe

A view shows pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline in Lubmin, Germany, July 21, 2022. REUTERS/Annegret Hilse/File Photo Register now for FREE unlimited access to Reuters.com Register This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, July 25 (Reuters) – … Read more

Ukraine’s ports to reopen under deal to be signed Friday, Turkey says

Ukraine's ports to reopen under deal to be signed Friday, Turkey says

UN, Turkey worked to broker Ukraine-Russia grains export deal Hopeful sign global food crisis could be eased Ukraine’s Zelenskiy sees potential for battleground gains July 22 (Reuters) – Russia and Ukraine will sign a deal on Friday to reopen Ukraine’s Black Sea ports to grain exports, Turkey said, raising hopes that an international food crisis … Read more

Ford announces series of deals to accelerate EV push

Ford announces series of deals to accelerate EV push

Ford CEO Jim Farley attends the official launch of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, US April 26, 2022. REUTERS/Rebecca Cook/File Photo Register now for FREE unlimited access to Reuters.com Register DETROIT, July 21 (Reuters) – Ford Motor Co. (FN) on Thursday announced … Read more

Tesla profit tops target; Musk sees no demand problem

Tesla profit tops target;  Musk sees no demand problem

A Tesla logo is seen in Los Angeles, California US January 12, 2018. REUTERS/Lucy Nicholson Register now for FREE unlimited access to Reuters.com Register July 20 (Reuters) – Tesla Inc. (TSLA.O) on Wednesday reported a smaller-than-expected drop in quarterly profit as a string of price increases on its electric vehicles (EVs) helped offset production challenges … Read more

Putin forges ties with Iran’s supreme leader in Tehran talks

Putin forges ties with Iran's supreme leader in Tehran talks

Russian leader also meets Iranian president Raisi Discuss Ukraine grain exports with Turkey’s Erdogan Turkish threat of Syrian operation also in focus LONDON/DUBAI, July 19 (Reuters) – Russian President Vladimir Putin had talks with Supreme Leader Ayatollah Ali Khamenei in Iran on Tuesday, the Kremlin leader’s first trip outside the former Soviet Union since Moscow’s … Read more