By Andy Bruce LONDON (Reuters) -British wage growth soared and employment also jumped in the three months to April, raising expectations that the Bank of England will raise interest rates again, perhaps several times, to contain unrelenting inflationary pressures. Data from the Office for National Statistics (ONS) on Tuesday indicated the labour market was running…
By Nell Mackenzie LONDON (Reuters) -Odey Asset Management (OAM) is closing one fund and restricting money clients can pull from another, two investor letters showed, just as the hedge fund was scrambling on Tuesday to keep its prime brokers from ending vital relationships with the firm. These developments follow allegations of sexual misconduct by its…
N’DJAMENA (Reuters) – Thousands of Sudanese refugees who fled to Chad to escape fighting in their country could be cut off from humanitarian and medical aid during the approaching rainy season, medical charity Medecins Sans Frontieres (MSF) said on Monday. More than 100,000 people have fled across the border to Chad since conflict broke out…
LONDON (Reuters) – Analysts at leading investment banks expect Turkey’s new economic chiefs to start ramping up interest rates next week as part of a major reset of the country’s economic policies. President Recep Tayyip Erdogan, re-elected last month, has just appointed former U.S. banker Hafize Gaye Erkan as the new central bank governor. She…
By Cristiano Corvino MILAN (Reuters) -Supporters of former prime minister Silvio Berlusconi gathered outside his villa near Milan on a rainy Tuesday morning to honour the billionaire who dominated Italy’s politics, business and soccer world for nearly three decades. Berlusconi aged 86, three days after his readmission to the San Raffaele hospital in Milan, where…
(Reuters) – Accenture said on Tuesday it will invest $3 billion over three years into its data and AI practice, doubling the number of employees that are working with the cutting-edge technology at the IT consulting firm. The company, which consults and services various clients on generative AI projects, said it will have 80,000 people…
BUCHAREST(Reuters) – Romanian prosecutors said on Tuesday that social media influencer Andrew Tate, his brother Tristan and two other suspects were being investigated for human trafficking in continued form, saying it was a more serious crime than separate counts of trafficking. The Tate brothers and two Romanian female suspects are under house arrest pending a…
By Ariba Shahid and Asif Shahzad ISLAMABAD (Reuters) -Pakistan paid for its first government-to-government import of discounted Russian crude oil in Chinese currency, the South Asian country’s petroleum minister said on Monday, a significant shift in its U.S. dollar-dominated export payments policy. Discounted crude offers a respite as Pakistan faces an economic crisis with an…
By Helen Reid LONDON (Reuters) – IKEA is training call centre workers to become interior design advisers as the Swedish furniture giant aims to offer more home improvement services and hand run-of-the-mill customer queries to an artificial intelligence bot called Billie. In April, IKEA expanded its interior design services to the UK and United States,…
A look at the day ahead in U.S. and global markets from Samuel Indyk. Jerome Powell and his band of brothers on the Federal Open Market Committee will be sitting nervously. At 0830 EDT (1230 GMT), the Bureau of Labor Statistics will release its latest consumer price data, which could go some way to determining…
