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 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) -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”…
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…
Bill Ackman, the mastermind behind Pershing Square, has made an audacious forecast for the 2024 Republican primary race, foreseeing victory for Vivek Ramaswamy, who is currently lagging in the GOP polls. Ramaswamy, a highly successful entrepreneur, has a deep understanding of business, economics, healthcare, politics, history, and geopolitics, Ackman said. “He [Ramaswamy] is young,…
In the world of finance, the adage that ‘money talks’ rings particularly true when discerning potential shifts in market sentiment. An intriguing case has arisen around PayPal Holdings (NASDAQ:PYPL), with a major financial player making a significant bet on the company’s future. PayPal is a digital payments platform that has managed to establish a…
By Nidal al-Mughrabi GAZA (Reuters) – The Gaza Strip’s Hamas rulers have been unable to pay salaries for 50,000 public sector workers, with officials in part blaming a delay in a monthly payroll grant from Qatar, a crucial aid donor to the impoverished Palestinian enclave. The salary crisis has sparked an unusual amount of criticism…
(Reuters) -Microsoft has signed an agreement to keep Call of Duty on PlayStation following the acquisition of Activision Blizzard, Microsoft Gaming CEO Phil Spencer said in a tweet on Sunday. A deal to keep Call of Duty on Playstation could further ease concerns surrounding the acquisition’s impact on competition. Speaking on the agreement, Microsoft President…
(Reuters) – UBS Group has decided to retain EY as its external auditor, enlarging its role to include Credit Suisse’s accounts from 2024, the Financial Times reported on Sunday, citing people with knowledge of the decision. The size of the contract will require the Big Four accounting firm to call in staff from other countries…
