LONDON (Reuters) – Britain’s main manufacturing lobby, Make UK, told the government to stop “short-term gimmicks” and cut taxes for the sector, as its members reported a significant slowdown in orders and a nose-dive in investment. Make UK said it expected factory output to grow 2.3% this year – down from a forecast of 3%…
By Tina Bellon (Reuters) – Bitcoin on Sunday rose around 7.6% to $20,404 from its previous close, signaling a recovery from a sharp drop on Saturday. Bitcoin, the world’s biggest and best-known cryptocurrency, is now up 16.7% from this year’s low of $17,592.78 on June 18, when it tumbled on investor worries about growing troubles…
By Huw Jones LONDON (Reuters) – Britain’s company directors should sign up to a code of conduct to improve behaviour in boardrooms after high-profile corporate collapses, such as builder Carillion and retailer BHS, an industry body proposed on Sunday. The Institute of Directors, which has about 20,000 members, proposed a voluntary nine-point code covering ethics,…
By Toby Sterling, Caroline Pailliez and Tim Hepher AMSTERDAM/PARIS/DOHA (Reuters) – After 21 years as a service agent at Air France, Karim Djeffal left his job during the COVID-19 pandemic to start his own job-coaching consultancy. “If this doesn’t work out, I won’t be going back to the aviation sector,” says the 41-year-old bluntly. “Some…
OAKLAND, California (AP) — The price of a bitcoin inched above $20,000 on Sunday after the broader crypto selloff dragged it below the significant psychological threshold a day earlier. The price of the world’s most popular cryptocurrency was $20,129.70 as of Sunday afternoon. On Saturday, bitcoin had plunged as much as 9.7% to less than…
By Kanishka Singh WASHINGTON (Reuters) -President Joe Biden’s administration is reviewing the removal of some tariffs on China and a possible pause on federal gas tax as the United States struggles to tackle soaring gasoline prices and inflation, two top officials said on Sunday. U.S. Treasury Secretary Janet Yellen said some tariffs on China inherited…
By Kanishka Singh WASHINGTON (Reuters) -Cleveland Federal Reserve Bank President Loretta Mester said it will take two years for inflation to fall to the central bank’s 2% target, adding that it will be “moving down” gradually from the current level. A surge in inflation, which is at its highest level in 40 years, has made…
By Tim Hepher DOHA (Reuters) -Airbus is in discussions with Qatar Airways to try to resolve a bitter legal and safety dispute over the A350 passenger jet, the planemaker’s chief executive said on Sunday. “There’s progress in the sense that we are communicating; we are working with each other,” Guillaume Faury told Reuters on the…
MILAN (AP) — Reconciling unusually high temperatures with the looks for next summer on Milan Fashion Week runways is becoming an exercise in cognitive dissonance. While nodding to sustainability, designers are nonetheless proposing looks that don’t jibe with longer summer heat waves, and instead seem to be focused on customers who either live in northern…
WASHINGTON (Reuters) – Cleveland Federal Reserve Bank President Loretta Mester said it will take two years for inflation to come down to the central bank’s 2% target. “It isn’t going to be immediate that we see 2% inflation. It will take a couple of years but it will be moving down,” Mester said in an…
