Bank of England raises rates as Ukraine war boosts inflation
LONDON (AP) — The Bank of England raised its key interest rate Thursday for the third time since December as…
War in Ukraine will take global economic toll, group warns
Russia’s war in Ukraine will disrupt commerce and clog up supply chains, slashing economic growth and pushing prices sharply higher…
Microsoft Faces EU Antitrust Complaint About Its Cloud Computing Business
PARIS (Reuters) – U.S. tech giant Microsoft is facing an antitrust complaint filed by three European rivals in the booming…
Accenture Forecasts Third-quarter Revenue Above Estimates
(Reuters) – IT consulting firm Accenture Plc on Thursday forecast third-quarter revenue above Wall Street’s estimates, thanks to growing demand…
Ukraine Crisis Could Cut 1% Off Global Growth This Year – OECD
PARIS (Reuters) – The Ukraine crisis could knock more than a percentage point off global growth this year and add…
Oil Surges Amid Warnings Of Supply Shortages
By Ahmad Ghaddar LONDON -Oil prices climbed 4% on Thursday after the International Energy Agency (IEA) said three million barrels…
Toyota To Cut April Global Production 17% To 750,000 Units
TOKYO (Reuters) -Toyota Motor Corp said on Thursday it is cutting its global vehicle production target in April by 150,000…
In Break With Toshiba Board, Director Says To Back Plan That Could Open Door To Buyout
By Makiko Yamazaki (Reuters) -A Toshiba Corp independent director broke ranks with the company board’s public stance on Thursday, saying…
Oil Surges After IEA Warns Of Shortfall In Supply
-Oil prices climbed about 3% on Thursday after the International Energy Agency (IEA) said markets could lose three million barrels…
Rate Hike, Intervention Can’t Reverse Weak Yen, Says Former Japan Currency Diplomat
By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) – Tightening monetary policy or intervening in the currency market will do…