By Jamie Freed DOHA (Reuters) -A sharp bounce-back in air travel from the pandemic will allow global airlines to narrow losses this year and possibly claw their way back to profit in 2023, an industry body said as it upgraded widely watched forecasts o…
Insurer must pay Spanish claim in Galicia oil spill, EU court says
By Foo Yun Chee BRUSSELS (Reuters) – Spain on Monday won backing from Europe’s top court in its mutli-million euros damage claim against The London Steam-Ship Owners Mutual Insurance Association for a massive oil spill on its northwestern coast two dec…
Swimming – Minister wants UK sports bodies to follow FINA’s lead in transgender policy
(Reuters) – Sports minister Nadine Dorries said she agreed with FINA’s decision to restrict the participation of transgender athletes in elite women’s swimming competitions and will encourage British governing bodies to follow suit. Swimming’s world go…
Pfizer to buy 8.1 percent stake in French vaccines company Valneva
PARIS (Reuters) -U.S. healthcare giant Pfizer has agreed to invest 90.5 million euros ($95.24 million) to buy an 8.1% percent stake in French vaccines company, as the companies announced developments in their partnership to tackle the Lyme disease. Pfi…
Analysis-Nerve-racking week leaves bond investors calling for fast rate hikes
By Davide Barbuscia and David Randall NEW YORK (Reuters) – A series of surprise actions by some of the world’s largest central banks fretting about runaway inflation has left bond investors battered. Now, a growing chorus of investors is calling on pol…
Crypto industry gripped by anxiety as bitcoin wobbles near key $20,000 level
By Alun John HONG KONG (Reuters) – The cryptocurrency industry was on edge on Monday morning as investors feared contagion from problems at major crypto players could unleash a major shakeout if not contained. Bitcoin which has lost 57% so far this yea…
Asia shares slip, hard to dodge recession risks
By Wayne Cole SYDNEY (Reuters) – Asian shares slipped on Monday and Wall Street futures eked out slight gains amid worries the U.S. Federal Reserve would this week underline its commitment to fighting inflation with whatever rate pain was required. The…
Oil swings higher as tight supplies overshadow demand destruction
(Corrects Brent and WTI prices) By Rowena Edwards and Rod Nickel LONDON (Reuters) – Oil prices swung higher in volatile trading on Monday, as traders focused on tight supplies over slowing global economic growth. Brent crude futures gained $1.22, or 1….
Britain introduces plans to better regulate ‘buy now, pay later’ firms
LONDON (Reuters) – Britain plans to make “buy now pay later” (BNPL) firms carry out affordability checks, gain approval by the Financial Conduct Authority (FCA) and ensure adverts are fair and clear, the government said on Monday, in measures to regula…
UK property prices rise by least since January – Rightmove
LONDON (Reuters) – Asking prices for British homes being put up for sale rose by the smallest amount since January this month, as the rising cost of living and the prospect of higher interest rates squeezed home-buyers, property website Rightmove said …