LONDON (Reuters) – From Britain to Sweden and France, debt-laden firms are starting to feel the strain from high inflation and interest rates. Here’s a snapshot of some European companies whose financial woes are now in the spotlight. 1/ Thames Water Significance: Britain’s biggest water supplier. Size of debt: 14 billion pounds ($18.33 billion). What’s…
A look at the day ahead in European and global markets from Ankur Banerjee Markets are still reeling from China’s raft of unimpressive data and with the economic calendar now light, worries over a stuttering post COVID-19 recovery in the world’s second-biggest economy are likely to linger as Europe wakes up. The anaemic Chinese recovery…
By Selena Li and Xie Yu HONG KONG (Reuters) – China’s CITIC Securities plans to move dozens of bankers from its offshore platform CLSA in Hong Kong to the mainland to cut costs and meet Beijing’s call to bridge income inequality in the financial sector, people with knowledge of the matter said. In an unusually…
By Soo-hyang Choi SEOUL (Reuters) -South Korean President Yoon Suk Yeol on Tuesday called for an overhaul of the country’s disaster response system to better cope with climate change-induced crises, after days of torrential rain killed dozens of people in the country. More than 40 people have lost their lives and nine remain missing in…
BEIJING (Reuters) – China’s top economic planner pledged on Tuesday that it would roll out policies to “restore and expand” consumption without delay as consumers’ purchasing power remained weak, suggesting an urgency to revive domestic demand. The world’s second-largest economy grew at a frail pace in the second quarter, official data showed on Monday. Gross…
By Ju-min Park and Hyun Young Yi SEOUL (Reuters) -A year after South Korea vowed to step up readiness for extreme weather driven by climate change, experts say not enough work has been done even as greater volumes of sudden and torrential rains are expected in coming decades. Forty or more people have lost their…
SYDNEY (Reuters) – Parties on both sides of a debate on whether to constitutionally recognise Australia’s Indigenous people released their official pamphlets on Tuesday, which will start being delivered to letterboxes across the country. Australians will be asked to vote in a referendum later this year on whether they support altering the constitution to include…
(Reuters) – Tropical Depression Don has strengthened into a Tropical Storm in the central Atlantic on Monday and is forecast to turn southward within the next day or so, the U.S. National Hurricane Center (NHC) said in its latest advisory. The storm, located about 735 miles (1,180 km) west of the Azores, is packing maximum…
By Rachna Uppal ABU DHABI (Reuters) -Japan and the United Arab Emirates agreed to cooperate on technology and climate change during Japan Prime Minister Fumio Kishida’s visit, his second stop in the region focused on securing energy supplies and promoting green technology. Kishida met with Emirati President Sheikh Mohammed bin Zayed Al Nahyan in Abu…
By Scott Murdoch and Lewis Jackson SYDNEY (Reuters) -Australian developer Lendlease will cut about 740 jobs globally, or roughly 10% of its workforce, according to an internal memo on Tuesday seen by Reuters. The bulk of the cuts will be in the company’s international operations, according to the memo. Lendlease has roughly 7,800 employees across…
