High inflation and recession risk – the Bank of England’s dilemma
By William Schomberg LONDON (Reuters) – The Bank of England is trying to curb an inflation rate that is running…
Business
Russia’s McDonald’s heir growing quickly, in for the long haul
By Olga Popova MOSCOW (Reuters) – The successor to McDonald’s restaurants in Russia is growing faster than forecast, its owner…
VW’s China joint venture transforms Shanghai plant for EV production
SHANGHAI (Reuters) – Volkswagen’s Chinese joint venture with SAIC Motor has transformed one of its plants in Shanghai for production,…
Cathay Pacific to pay deferred dividend to HK govt as operations return to normal
(Reuters) – Cathay Pacific Airways Ltd said on Tuesday it would pay the deferred dividend of HK$1,524.1 million ($194.35 million)…
Lucky Strike maker BAT backs forecast but US growth a drag
By Eva Mathews (Reuters) – British American Tobacco maintained its annual revenue and profit forecasts on Tuesday and said performance…
Marketmind: Markets level, Aussie hikes, crypto judders
A look at the day ahead in U.S. and global markets from Mike Dolan As world stock markets levelled off…
Analysis-Ford’s EV charging tie-up with Tesla ripples through industry
By Abhirup Roy, Hyunjoo Jin and Isla Binnie SAN FRANCISCO (Reuters) – Ford Motor Co’s decision to allow customers to…
Global housing outlook brightens despite pressure from higher rates: Reuters poll
By Hari Kishan and Sarupya Ganguly BENGALURU (Reuters) – The outlook for most major housing markets has improved slightly from…
Kraken says systems operational after issue with crypto gateways
(Refiles to remove unrelated Refinitiv Instrument Code) (Reuters) -Cryptocurrency exchange Kraken said on Tuesday that it had resolved an outage…
Euro zone consumers more hopeful on inflation
FRANKFURT (Reuters) -Euro zone consumers lowered their inflation expectations, a fresh European Central Bank survey showed on Tuesday, a relief…