By Priyamvada C (Reuters) – U.S. hotel operators expect more pain from China’s strict COVID-19 lockdowns which have halted construction of some luxury properties and impeded travel to one the world’s key tourism markets. Growth in China has been stuttering at a time when companies are rushing to open hotels and capitalise on pent up…
LONDON (Reuters) -The long-awaited UK fiscal plan is (almost) here and after the ructions unleashed by September’s mini-budget, markets are paying close attention. Chaos reigns in cryptoland as trouble at cryptocurrency exchange FTX resonates, while latest U.S. and China data comes just as hopes of a peak in interest rates grows. Here’s a look at…
NEW YORK (AP) — It took less than a week for FTX to go from the third-largest cryptocurrency exchange in the world to bankruptcy court. The embattled cryptocurrency exchange, short billions of dollars, sought bankruptcy protection after the exchange experienced the crypto equivalent of a bank run. FTX, the hedge fund Alameda Research, and dozens…
By Chiara Elisei and Dhara Ranasinghe LONDON (Reuters) -Britain’s external deficit is a worry and there are questions over the country’s competitiveness long-term, while the new Italian government’s medium-term fiscal plan appears “realistic”, senior analysts at S&P Global said on Friday. The ratings agency cut the outlook for Britain’s AA credit rating in September to…
By James Davey and Rachel More LONDON/BERLIN (Reuters) – European retailers fear this Christmas could be the worst in at least a decade as shoppers cut spending while the costs of doing business show no sign of abating, squeezing profit margins. Despite enduring two Christmases under social restrictions linked to the COVID-19 pandemic, households are…
COPENHAGEN, Denmark (AP) — Norwegian police said two climate activists tried in vain Friday to glue themselves to Edvard Munch’s 1893 masterpiece “The Scream” at an Oslo museum and no harm was reported to the painting of a waif-like figure appearing to scream. Police said they were alerted by the National Museum of Norway and…
(Reuters) -Twitter Inc said on Friday it had reinstated the “official” badge given to some accounts, days after removing it, while several users reported the new $8 subscription option for the blue verification tick had disappeared. The move follows an upsurge in fake accounts on the platform after new boss Elon Musk allowed users to…
MADRID (AP) — The two parties making up Spain’s leftist coalition government on Friday presented a proposal to reform the centuries-old crime of sedition, which was one of the main charges against pro-independence Catalan activists and politicians convicted for their roles in a 2017 secession push. Under the proposal, sedition will be replaced with the…
LONDON (AP) — British climate activists who have blocked roads and splattered artworks with soup said Friday they are suspending a days-long protest that has clogged a major highway around London. The group Just Stop Oil, which wants the U.K. government to halt new oil and gas projects, has sparked headlines, debate and a government…
BENGALURU – Pfizer Ltd, the Indian arm of U.S. pharma giant Pfizer Inc, reported a rise in second-quarter profit on Friday, boosted by price hikes and lower input costs. Profit before tax and exceptional item rose to 2.26 billion Indian rupees ($27.97 million) in the three months ended Sept. 30, from 1.75 billion rupees in…
