By David Milliken, Andy Bruce and William Schomberg LONDON (Reuters) – Britain faces a record hit to living standards this…
Miners drag Europe’s STOXX 600 lower; German shares rise after Siemens’ profit beat
By Shreyashi Sanyal and Devik Jain (Reuters) -Europe’s STOXX 600 index closed lower on Thursday as declines in miners and…
World Bank financing arm IFC will discuss $2 billion Ukraine package in December
LONDON (Reuters) – The World Bank’s private investment arm will discuss a $2 billion support package for Ukraine at a…
As recession looms, British business sends out lending SOS
By Sinead Cruise, Iain Withers and Lawrence White LONDON (Reuters) -As inflation rockets and recession looms, many British businesses are…
Credit Suisse wealth boss De Ferrari targets growth markets, tech boost
By Oliver Hirt, Noele Illien and Michael Shields ZURICH (Reuters) – Francesco De Ferrari, the head of Credit Suisse’s wealth…
OBR sees UK GDP falling 2% in over a year of recession
LONDON (Reuters) – Britain’s economy will shrink by 2% in a recession that started during the previous quarter and is…
Volkswagen’s $2 billion Trinity electric vehicle plant in doubt
By Jan Schwartz HAMBURG (Reuters) -Volkswagen Chief Executive Oliver Blume is reviewing whether to stick to a plan to build…
Britain’s budget plan restores credibility but risks remain -Moody’s
LONDON (Reuters) – Britain’s budget plan for tax increases and tighter public spending announced on Thursday goes some way to…
Macy’s profits from wealthy shoppers, Kohl’s feels inflation pinch
By Uday Sampath Kumar and Deborah Mary Sophia (Reuters) -Upscale U.S. retail chain Macy’s Inc raised its annual profit forecast…
Thyssenkrupp 2023 sales to fall by less than 10% – CFO
FRANKFURT (Reuters) – Thyssenkrupp expects sales to fall by less than 10% in 2023, its chief financial officer told analysts…