LONDON (Reuters) – The Bank of England raised UK interest rates to 3% on Thursday in its largest rate hike…
Inter IKEA posts 45% profit fall on costs, Russia
STOCKHOLM (Reuters) – IKEA franchiser Inter IKEA posted a 45% fall in pre-tax profit for the year through August to…
ECB can’t just mimic Fed in fight against inflation, Lagarde says
FRANKFURT (Reuters) -The European Central Bank must pay attention to the U.S. Federal Reserve, which influences global markets, but it…
Bank of England makes historic rate hike despite ‘very challenging’ outlook
By David Milliken and Andy Bruce LONDON, Nov 3 (Reuters) – The Bank of England raised interest rates to 3%…
ECB shouldn’t be expected to match Fed hikes, Visco says
FRANKFURT (Reuters) – The European Central Bank shouldn’t be expected to match the Federal Reserve’s interest rate hikes, ECB policymaker…
IEA calls for urgent action on European gas supply gap
OSLO (Reuters) – Europe needs to take urgent action to avoid a natural gas shortage next year given the loss…
UK court fines Glencore unit 182.9 million pounds for bribery offences
LONDON (Reuters) – A London court fined the British subsidiary of mining and trading group Glencore 182.9 million pounds ($205.87…
Exclusive-Airbnb faces light-touch regulation under EU plan -sources
By Foo Yun Chee BRUSSELS (Reuters) – The European Commission will propose light-touch rules for Airbnb and other short-term home…
Europe leans on Asia for ‘homegrown’ EV batteries
By Nick Carey and Victoria Waldersee LONDON/BERLIN (Reuters) – Europe’s drive to build a homegrown electric vehicle battery industry is…
Marketmind: Slower, higher, longer
A look at the day ahead in U.S. and global markets from Mike Dolan. If markets thought a Fed ‘pivot’…