(Reuters) – British Prime Minister Rishi Sunak will increase the national living wage and give 8 million households cost-of-living payments…
U.S. dollar gains ground as investors focus on future Fed path
(Updates prices, adds commentary) By Sinéad Carew and Joice Alves NEW YORK/LONDON (Reuters) – The U.S. dollar gained against the…
Oil settles $3 lower on China COVID surge and firmer dollar
By Laura Sanicola (Reuters) -Oil prices settled around $3 lower on Monday, dragged down by a firmer U.S. dollar while…
Electric vehicle makers burning cash, slammed by sky-high costs
By Akash Sriram (Reuters) – Every time Lucid Group Inc or Rivian Automotive Inc sells an electric car, they are…
Europe’s STOXX 600 ekes out gains in a start to data-heavy week; Roche slides
By Shreyashi Sanyal and Devik Jain (Reuters) -European shares closed higher on Monday driven by positive updates from companies including…
Explainer-Bracket creep, fiscal drag: how inflation warps the tax take
By Leigh Thomas PARIS (Reuters) – While households struggle to cope with rocketing prices, the inflation spike is good for…
BP workers at Rotterdam refinery begin work slowdown – union
AMSTERDAM (Reuters) – Workers at BP’s refinery in Rotterdam began a “work-to-rule” action after an ultimatum expired at noon with…
Marketmind: Reality check
A look at the day ahead in U.S. and global markets from Mike Dolan. After its best week in months,…
Morgan Stanley sees 150 bps BoE rate cuts in 2024
MILAN (Reuters) – Morgan Stanley expects the Bank of England (BoE) to cut interest rates by 150 basis points in…
Sorrell’s S4 Capital defies tech turmoil to maintain momentum
By Paul Sandle LONDON (Reuters) – Martin Sorrell said his digital ad group S4 Capital had maintained momentum in a…