LONDON (Reuters) – The average British household was 142 pounds ($168) worse off in October year-on-year, mainly due to the…
Swedish central bank set to hike policy rate to 2.5% this week, poll shows
By Simon Johnson STOCKHOLM (Reuters) – Sweden’s central bank is seen hiking its policy rate by three-quarters of a percentage…
Cathay Pacific to raise staff pay by 3.3%, offer bonuses -CEO memo
By Jamie Freed (Reuters) – Cathay Pacific Airways Ltd will increase base pay by an average of 3.3% in 2023…
Workers at BP refinery will not help with restart unless wage demands met -union
AMSTERDAM (Reuters) -Workers at BP’s Rotterdam refinery, which is currently offline, will not help restart operations unless their wage demands…
Exxon says Britain’s Fawley oil refinery unaffected by strike
(Reuters) – Exxon Mobil said on Monday that its 390,000 barrel per day (bpd) Fawley oil refinery in southern England…
ECB’s Lane makes case for smaller rate hikes ahead – MNI
FRANKFURT (Reuters) -The European Central Bank will raise interest rates again in December and next year to fight inflation but…
Simon & Schuster’s owner to let sale to Penguin fall apart, sources say
By Abigail Summerville and Anirban Sen NEW YORK (Reuters) – Book-publishing powerhouse Simon & Schuster’s owner will let its $2.2…
Collapsed FTX owes nearly $3.1 billion to top 50 creditors
(Reuters) -Cryptocurrency exchange FTX, which has filed for U.S. bankruptcy court protection, said it owes its 50 biggest creditors nearly…
Lula to start job interviews for Petrobras overhaul, sources say
By Sabrina Valle (Reuters) – Brazilian President-elect Luiz Inacio Lula da Silva begins interviews this week with candidates to run…
FTX begins strategic review, seeks court relief to pay critical vendors
(Reuters) – Collapsed crypto exchange FTX said on Saturday it has launched a strategic review of its global assets and…