BRUSSELS (Reuters) – Euro zone unemployment fell to its lowest level on record in December, data showed on Tuesday, testament to the strength of the economic recovery and the effectiveness of part-time work schemes used to preserve jobs during pandemic lockdowns. The European Union’s statistics office Eurostat said the unemployment rate in the 19 countries…
LONDON (Reuters) -Tesco, Britain’s biggest retailer, said on Tuesday 1,600 roles were at risk of redundancy due to operational changes at stores, including the removal of night shifts to restock shelves. The group said it was moving its overnight stock replenishment into the daytime in 36 large stores and 49 convenience stores. In 36 stores,…
MOSCOW (AP) — Russian President Vladimir Putin said Tuesday that the U.S. and its allies have ignored Russia’s top security demands but added that Moscow remains open to more talks with the West on easing soaring tensions over Ukraine. Putin argued that it’s possible to negotiate an end to the standoff if interests of all…
NICOSIA, Cyprus (AP) — Natural gas will remain an important energy source through 2050 and quantities of the hydrocarbon found off the east Mediterranean island nation of Cyprus could reach markets through a pipeline or by liquefying it for transport by ship, the head of ExxonMobil’s Cyprus arm said Tuesday. ExxonMobil Cyprus lead country manager…
COPENHAGEN, Denmark (AP) — Denmark took the European Union lead Tuesday by scrapping most pandemic restrictions as the Scandinavian country no longer considers COVID-19 “a socially critical disease.” European nations elsewhere had a patchwork of different approaches, with some relaxing virus measures while others tightened them. Officials say the reason for the Danish move is…
LONDON (Reuters) – Euro zone manufacturing activity accelerated last month as supply chain bottlenecks eased, although the improvement was not evenly spread across member countries and factories still faced high inflationary pressures, a survey showed on Tuesday. IHS Markit’s final manufacturing Purchasing Managers’ Index (PMI) rose to a five-month high of 58.7 in January from…
By Supantha Mukherjee STOCKHOLM (Reuters) – WarnerMedia’s HBO Max streaming service will launch in 15 European countries, including Poland, Portugal and Romania, on March 8, making it available in 61 territories across Europe and the Americas. The service, owned by AT&T Inc, entered Europe in October by launching in the Nordics and Spain, with a…
BEIJING (AP) — Stock prices in Tokyo and Sydney followed Wall Street higher Wednesday while China, South Korea and Southeast Asian markets were closed for the Lunar New Year. Wall Street’s benchmark S&P 500 index gained 0.7% on Tuesday, boosted by gains for energy and tech stocks in a late burst of buying. The Nikkei…
By Yuka Obayashi TOKYO (Reuters) – Oil prices eased on Tuesday, giving up early gains as investors took profits, although expectations that supply will remain tight amid a limited output increase by major producers and a solid post-pandemic recovery in fuel demand checked losses. Brent crude for April delivery was down 10 cents, or 0.1%,…
KHARKIV, Ukraine (AP) — The table tennis coach, the chaplain’s wife, the dentist and the firebrand nationalist have little in common except a desire to defend their hometown and a sometimes halting effort to speak Ukrainian instead of Russian. The situation in Kharkiv, just 40 kilometers (25 miles) from some of the tens of thousands…
