By Shashwat Awasthi (Reuters) – Australia’s “Big Four” banks are set to report a further squeeze on interest margins in their upcoming results dented by growing competition, though the prospect of a recovery aided by central banks’ rate hikes is expected to bolster their outlook. The banks have tussled with increased competition in home lending…
By Marco Aquino LIMA (Reuters) – Peru’s annual inflation rate hit 7.96% in April, its highest level in 24 years, as the copper-producing Andean nation grapples with protests over rising food and energy costs linked to a commodities price spike since Russia’s invasion of Ukraine. The country’s INEI statistics institute said on Sunday that 12-month…
BERLIN (AP) — Germany says it’s making progress on weaning itself off Russian fossil fuels and expects to be fully independent of Russian crude oil imports by late summer. Economy and Climate Minister Robert Habeck said Sunday that Europe’s largest economy has reduced the share of Russian energy imports to 12% for oil, 8% for…
By Jeffrey Dastin (Reuters) – Amazon.com Inc’s objections to a landmark union election at a company warehouse in New York City justify a hearing that could overturn the result, a U.S. National Labor Relations Board (NLRB) official said. The online retailer has accused the NLRB’s Brooklyn office of appearing to support the union drive and…
By Elizabeth Howcroft LONDON (Reuters) – The company behind the “Bored Ape” series of NFTs has raised around $285 million worth of cryptocurrency by selling tokens which represent land in a virtual world game it says it is building. Last year, U.S. start-up Yuga Labs created the Bored Ape Yacht Club NFTs, blockchain-based tokens representing…
By Julie Gordon OTTAWA (Reuters) – The Canadian government’s plan to ease runaway housing prices by rapidly ramping up the pace of home construction risks pushing up construction costs in the near term and could lead to oversupply in the long run, experts said. Vowing to double homebuilding to keep up with population growth and…
ROME (AP) — For travelers heading to Europe, summer vacations just got a whole lot easier. Italy and Greece relaxed some COVID-19 restrictions on Sunday before Europe’s peak summer tourist season, in a sign that life was increasingly returning to normal. Greece’s civil aviation authority announced that it was lifting all COVID-19 rules for international…
(Reuters) – Saudi Arabia’s economy grew by 9.6% in the first quarter of 2022, compared to a year earlier, according to flash government estimates on Sunday, as a recovery in the oil sector drove the strongest growth in more than a decade. During the first quarter, oil activity in Saudi Arabia increased by 20.4% and…
PARIS (AP) — Tens of thousands of people marched Sunday in cities around Europe for May Day protests to honor workers and shame governments into doing more for their citizens. In France, protesters shouted slogans against newly elected President Emmanuel Macron, a development that may set the tone for his second term. Tensions erupted in…
(Reuters) – Saudi Arabia’s economy grew 9.6% in the first quarter of 2022, compared to a year earlier, powered by oil activities, according to flash government estimates on Sunday. That would be the highest growth rate since 2011, according to the Saudi General Authority for Statistics. (Reporting by Moataz Mohamed,; Editing by Andrew Cawthorne)
