By Leika Kihara TOKYO (Reuters) – Japan’s factory activity growth slowed to a four-month low in June as China’s COVID-19 curbs disrupted supply chains, while many other economies in Asia were also facing headwinds amid growing risks to the outlook from…
ECB to raise deposit rate to 0.75% by year-end: Reuters poll
By Swathi Nair BENGALURU (Reuters) – The European Central Bank will raise its deposit rate above zero for the first time in a decade in September, according to most economists polled by Reuters, who expect it to be at least 50 basis points higher than …
UK lawmakers toughen post-Brexit scrutiny of financial rules
By Huw Jones LONDON (Reuters) – Britain’s parliament has created a panel of lawmakers to shape or even recommend scrapping rules proposed by financial watchdogs to ensure the benefits of reform outweigh extra costs for industry, a report by a committee…
Some Brits turn to gambling, crypto to make ends meet, charity warns
LONDON (Reuters) – Britain’s worsening cost-of-living squeeze is pushing some people into gambling and cryptocurrency investments in last-ditch attempts to make ends meet, a gambling charity warned on Thursday. GamCare said it had increasingly received…
Irish consumer confidence ticks up after four months of falls
DUBLIN (Reuters) – Irish consumer sentiment improved slightly in June after a rare four months of declines, a survey showed on Thursday, but the authors said it was unclear if the increase was likely to be sustained. The KBC Bank Ireland consumer senti…
Glass Lewis backs UK’s Sainsbury’s on workers pay vote
LONDON (Reuters) – Proxy adviser Glass Lewis is recommending Sainsbury’s investors vote against a resolution at its annual meeting calling for Britain’s second-biggest supermarket group to commit to paying the so-called real living wage to all its work…
Russian troops ‘executed’ photographer in Ukraine, press group says
PARIS (Reuters) – Ukrainian photographer Maksim Levin was “executed in cold blood” alongside his friend Oleksiy Chernyshov by Russian forces north of Kyiv on March 13, Reporters Without Borders (RSF) said in a 16-page report on Wednesday. “The evidence…
Amazon has a plan to make Alexa mimic anyone’s voice
By Jeffrey Dastin LAS VEGAS (Reuters) – Amazon.com Inc wants to give customers the chance to make Alexa, the company’s voice assistant, sound just like their grandmother — or anyone else. The online retailer is developing a system to let Alexa mimic a…
Dollar eases as growth fears push yields lower
By Herbert Lash NEW YORK (Reuters) – The dollar fell on Wednesday as U.S. Treasury yields slid on fears the U.S. economy could slide into recession after Federal Reserve Chair Jerome Powell said higher rates are painful but are the means the U.S. centr…
Generali unveils new organizational structure to support its 3-yr plan
MILAN (Reuters) – Italy’s top insurer Generali said on Wednesday it would create a new organizational structure at group level, designed to fully support the delivering of its 3-year plan, which was unveiled in December. Under the new structure, effect…