FRANKFURT (Reuters) – Pilots at German airline Lufthansa will strike again this week, a labour union said on Tuesday, escalating a wage dispute that will further plague a summer of travel chaos. It follows a strike last week that forced the cancellation of hundreds of flights. The strike would affect pilots of both passenger and…
VLADIVOSTOK, Russia (Reuters) – Russian gas pipeline Nord Stream 1 will not resume gas supplies until Siemens Energy repairs faulty equipment, Gazprom’s Deputy CEO Vitaly Markelov told Reuters on Tuesday. “You should ask Siemens, they have to repair equipment first,” he said on the sidelines of Eastern Economic Forum in Russian Pacific port of Vladivostok,…
By Rae Wee SINGAPORE (Reuters) – The dollar took a breather on Tuesday after a sweeping rally, easing slightly from milestone highs on the euro, yen and sterling, but not too far as recession stalk Europe and U.S. interest rates are poised for sharp rises. The euro was up 0.4% to $0.9963 in early Asia…
By Hari Kishan BENGALURU (Reuters) – A runaway surge in global house prices is drawing to a close as interest rates rise along with the cost of living, according to Reuters polls of housing analysts, who said prices needed to fall in double digits in several key markets to turn affordable. Ultra-low interest rates and…
By Kantaro Komiya TOKYO (Reuters) – Japan’s household spending extended growth in July for a second straight month despite a resurgence in COVID-19 cases, but inflationary pressures from the yen’s slump to a 24-year-low have cast doubt over the pace of consumption. From falling real wages to shrinking service sector activity, data this week has…
By Jan Schwartz and Emma-Victoria Farr HAMBURG/FRANKFURT (Reuters) -Volkswagen on Monday announced its intention to float sports car brand Porsche, triggering what could become one of the world’s largest listings even as markets jitter over record inflation and a Russia-Europe energy standoff. The carmaker published a so-called intention to float for an initial public offering…
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever An expected interest rate hike in Australia is the main macro and market event in Asia on Tuesday, but any investor not paying full heed to the energy and economic crisis unfolding in Europe by now is, frankly, guilty of gross…
ZURICH (Reuters) – Credit Suisse will expand in Qatar via a partnership with the Gulf country’s Investment Promotion Agency (IPA Qatar), the Swiss bank said on Monday. It will create up to 100 jobs there over the next few years across its wealth management, investment banking and asset management divisions and through the launch of…
By Susanna Twidale and Nora Buli LONDON/OSLO (Reuters) -European gas prices surged, stocks slid and the euro sank on Monday after Russia halted gas flows via a major pipeline, sending another shock wave through economies in the region still struggling to recover from the pandemic. European Union governments are pushing through multi-billion euro packages to…
MOSCOW (Reuters) – Russian gas giant Gazprom said on Monday it had received a formal warning from Russian regulators that the idled Portovaya compressor station, which is supposed to push gas towards Germany through the Nord Steam 1 pipeline, no longer complied with safety requirements. Gazprom had said on Friday that it had detected a…
