(Reuters) – Russia’s economy contracted by 2.2% in the first quarter of 2023 in annual terms, the economy ministry estimated on Wednesday, down from growth of 3% in the same period last year. The ministry estimated that gross domestic product (GDP) fell 1.1% year-on-year in March, an improvement on a revised 2.9% drop in February….
By David Milliken LONDON (Reuters) – Cucumbers, olive oil and cheese topped Britain’s inflation chart in March, while traditional fish and chips saw the biggest price rise for diners, according to a new price comparison tool released by the country’s statistics office on Wednesday. The cost of a cucumber was up a cool 52% in…
(Reuters) – A 14-year-old boy shot his teacher in a Belgrade classroom on Wednesday before opening fire on other students and security guards, killing eight pupils and a security guard, Serbia’s interior ministry said. Here are details of some previous school shootings and mass killings of children around the world: – NASHVILLE, TENNESSEE, March 27,…
By Shaloo Shrivastava and Indradip Ghosh BENGALURU (Reuters) – The U.S. dollar will remain resilient against most major currencies over the coming months despite expectations of narrowing interest rate differentials, a Reuters poll of foreign exchange strategists predicted. Although the greenback weakened 0.8% last month, it was mild compared to March’s 2.3% slide as persistently…
By Jacob Gronholt-Pedersen, Greg Roumeliotis and Marie Mannes COPENHAGEN/NEW YORK (Reuters) -U.S. asset manager Apollo Global Management Inc plans to apply for approval from Swedish and Danish regulators to take a majority stake in SAS AB as part of the Scandinavian airline’s rescue plan, a source familiar with the matter said. The news of interest…
A look at the day ahead in U.S. and global markets from Mike Dolan Markets finally worked out May might be a bit bumpy after all. Another echo of March’s bank stock stress on Tuesday along with the alarming prospect of the U.S. government running out of cash in less than a month was enough…
By Mike Dolan LONDON (Reuters) -The surging euro may be the European Central Bank’s best friend for a change. Unlike much of the past 15 years, euro strength is on the ECB’s side as it meets on Thursday. And it is unlikely to restrain the central bank from tightening further. With so much focus on…
By Ali Kucukgocmen and Nevzat Devranoglu ISTANBUL (Reuters) -Turkish annual inflation slowed to 43.68% in April, official data showed on Wednesday, easing ahead of elections that polls show President Tayyip Erdogan risks losing largely due to a cost-of-living crisis. Unorthodox rate cuts sought by Erdogan sparked a currency crisis in late 2021, sending inflation to…
BERLIN (Reuters) -Luxury carmaker Porsche will raise prices by 4-8% in Europe and the U.S. in the second half to combat higher costs that weighed on returns in the first quarter, even as profits and revenue jumped by over 25%, it said on Wednesday. The company was still seeing issues with the supply of semiconductors…
DUBLIN (Reuters) – Ryanair flew 16 million passengers in April, up 13% year-on-year to record its third busiest month for traffic ever, Europe’s largest airline by passenger numbers said on Wednesday. The average proportion of empty seats per flight for the period – which included the Easter holidays – fell to 6%. The airline also…
