By Alan Charlish and Anna Wlodarczak-Semczuk WARSAW (Reuters) -Poland’s central bank Governor Adam Glapinski and four other rate setters threatened legal action on Tuesday against some members of the Monetary Policy Council over public statements they have made about policy. The group did not identify which colleagues they were referring to but their joint statement…
TOKYO (AP) — Japanese automaker Nissan Motor Co. said Tuesday that it plans to sell its Russian operations to its local partner and withdraw from manufacturing there. The company said its executive committee approved the sale to Russia’s Central Research and Development Automobile and Engine Institute, or NAMI. The sale includes Nissan’s factory and R&D…
BERLIN (Reuters) -German trade union Verdi on Tuesday called on workers at nine Amazon distribution centres across Germany to go on strike this week, during the company’s second major sales event this year, to try to pressure it into collective bargaining agreements. The union said the strikes would begin and end at different times at…
TOKYO (Reuters) -Nissan Motor Co Ltd will hand over its business in Russia to a state-owned entity for 1 euro ($0.97), it said on Tuesday, taking a loss of around $687 million in the latest costly exit from the country by a global company. The Japanese automaker transfer its shares in Nissan Manufacturing Russia LLC…
By William Schomberg LONDON (Reuters) -Britain reported a record jump in the number of people leaving the labour market in the three months to August, adding to the Bank of England’s inflation headaches. The number of people neither in work nor looking for it rose by 252,000 from the three months to May, the biggest…
WELLINGTON, New Zealand (AP) — Two of New Zealand’s largest ski areas on Tuesday were placed into a type of bankruptcy proceeding following a disastrous winter season with barely any snow. The Tūroa and Whakapapa ski areas, which are both owned by Ruapehu Alpine Lifts, entered what is called voluntary administration. The proceeding is open…
By Selena Li HONG KONG (Reuters) – HSBC Global Private Banking has launched its business in the large Chinese cities of Chengdu and Hangzhou, it said on Tuesday, to try to capture a bigger share of the local market as uncertainties cloud potential for China’s wealth growth. The bank also said it plans to explore…
TOKYO (AP) — Asian shares were mostly lower on Wednesday following another volatile day on Wall Street, as traders braced for updates on inflation and corporate earnings. Benchmarks fell in Tokyo, Shanghai and Hong Kong but rose in Sydney. In currency trading the Japanese yen declined to a 24-year low against the U.S. dollar at…
By Nina Chestney and Bozorgmehr Sharafedin LONDON (Reuters) – Europe needs to pay up to import liquefied natural gas, pray for a mild winter and cut energy demand as any sabotage of infrastructure or even deeper cuts to Russian supply would make power rationing or blackouts all but inevitable. Even if Europe manages to stay…
(Corrects second paragraph to show retail sales were for 2022, not 2021; adds stock ticker in first paragraph) (Reuters) – British pub operator Marston’s said on Tuesday its annual total retail sales came in higher than 2019 numbers, as people continued to splurge on drinks and food despite the rapid cost-of-living crisis. Total retail sales…
