Rates surge hits UK wealth, but young people might gain – report
LONDON (Reuters) – The jump in interest rates has wiped more than 2 trillion pounds off household wealth in Britain…
Europe
Take Five: Buddy, can you spare a dollar?
(Reuters) -A meeting of global finance ministers, earnings from U.S. companies whose market value exceeds that of some nations’ entire…
Fashion retailer H&M to launch in Brazil
COPENHAGEN (Reuters) -Fashion retailer H&M will launch stores and online trade in Brazil in 2025, the company said on Monday….
Analysis-For markets, BoE communication is bottom of the class
By Yoruk Bahceli (Reuters) – As markets navigate a likely end to the steepest interest rate rises in decades, investors…
Marketmind: Bland China data leaves market hungry for stimulus
A look at the day ahead in European and global markets from Wayne Cole It could have been worse, is…
China June coal output rebounds from six-month low as heatwave boosts demand
By Muyu Xu BEIJING/SINGAPORE (Reuters) – China’s average daily coal production rebounded in June from a six-month low the prior…
Factbox-Crimea Bridge: why is it important and what happened to it
(Reuters) – Traffic on the road-and-rail bridge linking Russia and the Crimean peninsula was stopped early on Monday due to…
Thousands evacuated as firefighters battle to control La Palma wildfire
By Borja Suarez (Reuters) -Firefighters were trying to contain a wildfire which burned out of control and forced the evacuation…
‘Heat storm’ stretches into southern Europe, health alerts issued
By Crispian Balmer ROME (Reuters) -Italy issued hot weather red alerts for 16 cities on Sunday, with meteorologists warning that…
China’s Xiaomi bets bigger on India retail stores amid Samsung rivalry
By Aditya Kalra NEW DELHI (Reuters) -China’s Xiaomi will focus on boosting its India sales from retail outlets after years…