By Crispian Balmer ROME (Reuters) -Italy issued hot weather red alerts for 16 cities on Sunday, with meteorologists warning that temperatures will hit record highs across southern Europe in the coming days. Spain, Italy and Greece have been experiencing scorching temperatures for several days already, damaging agriculture and leaving tourists scurrying for shade. But a…
By Aditya Kalra NEW DELHI (Reuters) -China’s Xiaomi will focus on boosting its India sales from retail outlets after years of big bets on e-commerce, its India president said, as the company seeks to revive smartphone sales after falling behind South Korea’s Samsung. E-commerce sales in India via Amazon and Walmart’s Flipkart have surged in…
By James Davey LONDON (Reuters) – British consumer group Which? has urged the government to take action to support households when the competition watchdog publishes its review of grocery pricing, saying some food prices have jumped by as much as 175% since 2021. Based on analysis of more than 21,000 food and drink products at…
LONDON (Reuters) – Asking prices for residential homes in Britain fell in July as rising mortgage costs and increasing buyer affordability constraints prompted sellers to tempered their price expectations, an industry survey showed on Monday. Property website Rightmove said average asking prices of homes coming onto the market declined by 0.2% last month, compared with…
By Sharon Bernstein, Rachel Nostrant and Rich McKay (Reuters) -Michael Shields has serviced swimming pools in the Phoenix area for years, enough time to hone a strategy for surviving the brutal heat that descends on this Arizona desert city every summer. He typically rises at 4 a.m., covers himself in protective clothing, loads up on…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The macro and market week in Asia starts with a bang on Monday, with a raft of top-tier economic indicators from China culminating in second-quarter GDP growth data. Just how weak has the world’s second…
MOSCOW (Reuters) – President Vladimir Putin said Russia had a “sufficient stockpile” of cluster bombs and reserved the right to use them if such munitions, the use of which he said he regarded as a crime, were deployed against Russian forces in Ukraine. Ukraine said on Thursday it had received cluster bombs from the United…
MOSCOW (Reuters) -The Russian state has taken control of French yoghurt maker Danone’s Russian subsidiary along with beer company Carlsberg’s stake in a local brewer, according to a decree signed by President Vladimir Putin on Sunday. The decree said that foreign-owned stakes in Danone Russia and Baltika Breweries were being put under the “temporary management”…
By Pritha Sarkar LONDON (Reuters) -Carlos Alcaraz heralded the changing of the guard in men’s tennis as he ended Novak Djokovic’s long reign at Wimbledon with a rip-roaring 1-6 7-6(6) 6-1 3-6 6-4 victory to win the All England Club title for the first time on Sunday. The 36-year-old Serbian had been indestructible on Wimbledon’s…
Ex-Goldman Sachs Group Inc (NYSE:GS) hedge fund hotshot, Raoul Pal, is sounding the alarm bells. According to him, a financial storm is brewing, and he thinks that the Federal Reserve might soon be forced to roll out bailout packages to keep the situation under control. During a candid chat with Real Vision Crypto, Pal…
