By David Milliken LONDON (Reuters) – Growth in Britain’s private sector slowed sharply last month, despite businesses facing lower inflation, as higher Bank of England interest rates weighed on demand, a survey showed on Wednesday. The S&P Global/CIPS services Purchasing Managers’ Index (PMI) for Britain dropped to 53.7 in June from May’s 55.2, in line…
PARIS (Reuters) – Food inflation in France has started to ease this month and the trend should accelerate in the coming weeks, Finance Minister Bruno Le Maire said on Wednesday. Le Maire told BFM television that there were still four or five major players in the food industry which have not complied with a government…
(Reuters) -Russia and Ukraine on Tuesday accused each other of plotting to stage an attack on the Russian-held Zaporizhzhia nuclear power station, long the subject of mutual recriminations and suspicions. Ukrainian President Volodymyr Zelenskiy said he told his French counterpart, Emmanuel Macron, about Russian “dangerous provocations” at the plant in southeastern Ukraine. Russian troops seized…
BERLIN (Reuters) – Adidas said on Wednesday that its HR chief Amanda Rajkumar would leave the company this month after less than three years in the role, becoming the third board member to do so since Bjorn Gulden took over as CEO. Rajkumar, who joined Adidas in 2020 from BNP Paribas to replace Karen Parkion,…
BERLIN (Reuters) – Growth in Germany’s services sector slowed in June amid signs a recent resurgence in demand was losing steam, a survey showed on Wednesday. The HCOB final services Purchasing Managers’ Index (PMI) fell to 54.1 in June from a 13-month high of 57.2 in May, but it remained comfortably above the 50 level…
(Reuters) -Australia’s corporate regulator on Wednesday asked the country’s banks to disclose data on fees charged to Indigenous consumers after a review found they were not meeting targets for moving First Nations people into low-fee accounts. The Australian Securities and Investments Commission (ASIC) found that many Indigenous consumers are paying up to A$3,000 ($2,007) in…
PARIS (Reuters) – Activity in France’s dominant services sector fell in June for the first time since January, a survey showed on Wednesday, as weak demand added to fears the euro zone’s second-biggest economy could have contracted in the second quarter. The HCOB France final purchasing managers index (PMI) for June for the services sector,…
By Uditha Jayasinghe COLOMBO (Reuters) – A year after angry Sri Lankans stormed the president’s residence and forced his ouster during a meltdown of the economy, the island’s streets are calm, there are no serpentine queues at fuel stations and hours-long power cuts have ended. The central bank expects the economy to resume growth this…
By Joan Faus BARCELONA (Reuters) – The European Union’s General Court on Wednesday stripped the leader of Catalonia’s failed bid for independence from the legal immunity he had as a member of the European Parliament (MEP) as he faces legal procedures in Spain. The decision is a blow for Carles Puigdemont, who lives in self-imposed…
ROME (Reuters) – Italy’s services sector grew in June for a sixth month running, albeit at a slower pace than in May, with higher interest rates weighing on sentiment in the euro zone’s third largest economy, a survey showed on Wednesday. HCOB Global’s Purchasing Managers’ Index (PMI) came in at 52.2 last month, down from…
