By Tetsushi Kajimoto TOKYO (Reuters) -Japan is not ruling out any options in responding appropriately to excessive currency moves, its top currency diplomat said on Monday, stepping up warnings against recent yen weakening that was “rapid and one-sided”. Currencies should move in a stable way, reflecting fundamentals, the government said, after the yen weakened beyond…
LONDON (Reuters) – Global energy demand rose 1% last year and record renewables growth did nothing to shift the dominance of fossil fuels, which still accounted for 82% of supply, the industry’s Statistical Review of World Energy report said on Monday. Last year was marked by turmoil in the energy markets after Russia’s invasion of…
LONDON (Reuters) – Global energy demand rose 1% last year and record renewables growth did nothing to shift the dominance of fossil fuels, which still accounted for 82% of supply, the industry’s Statistical Review of World Energy report said on Monday. Last year was marked by turmoil in the energy markets after Russia’s invasion of…
By Marie Mannes STOCKHOLM (Reuters) – Sweden’s competition authority has expressed concern about margins being charged by supermarkets and wholesalers as it probes possible profiteering in a country that saw the largest food price increases in the Nordics this year. Food inflation is a key driver of the cost-of-living crisis in a number of European…
By Lewis Jackson SYDNEY (Reuters) – PricewaterhouseCoopers (PwC) Australia is under fire after a former partner leaked confidential government tax plans between 2014 and 2017 which were then used to drum up work with multinational companies hoping to sidestep new rules. Acting Chief Executive Kristin Stubbins told state parliament on Monday there would be “severe”…
(This June 23 story has been corrected to say analysts had suggested cases in California, not only the Goetz case, would have cost GSK ‘low hundreds of millions’ of dollars to settle, in paragraph 13) By Natalie Grover and Eva Mathews (Reuters) – GSK agreed to settle a U.S. lawsuit alleging its discontinued heartburn drug…
FRANKFURT (Reuters) – High interest rates will keep a lid on the pace of bank lending in Europe this year and next, with a particular slowdown in growth in Germany as demand for loans tails off, according to a study by consulting firm EY. Lending to businesses and households in the 20-nation euro zone will…
By Nick Carey, Paul Lienert and Victoria Waldersee LONDON (Reuters) – Global automakers have touted plans to re-use electric vehicle (EV) batteries when they lose power, but competition for battery packs and cell materials, and the appetite for affordable cars cast doubt on this part of the circular economy. An array of startups offers second-life…
By Danilo Masoni and Lucy Raitano MILAN (Reuters) – The rapid adoption of generative artificial intelligence has boosted markets this year, but after the initial euphoria, investors are waking up to the possible risks, including the need to be highly selective in stock-picking. Businesses ranging from IT services and consulting to media, information and education…
(Reuters) -The U.S. Coast Guard is investigating the cause of the undersea implosion of a tourist submersible that killed all five people aboard while diving to the century-old wreck of the Titanic, officials said on Sunday. The announcement comes a day after Canada’s Transportation Safety Board said it was conducting its own investigation into the…
