Bank of England says to watch markets ‘closely’ after pound falls | Business and Economics News

The Bank of England said it would not hesitate to change interest rates and was watching markets “closely” after the pound plunged to a record low and British bond prices collapsed in response to the new government’s fiscal plans. Finance Minister Kwasi Quarting sent sterling and government bonds into free fall on Friday with the … Read more

Europe faces an exodus of energy-intensive industries

Rising energy costs in Europe are closing businesses and threatening a bloc-wide recession. However, not everyone accepts this fate. Some companies are moving to cheaper locations: the United States Steel giant ArcelorMittal He said Earlier this month, it would cut by half production at a steel plant in Germany and a unit at another plant, … Read more

Sterling collapses to record low, dollar rises on UK financial woes

A woman holds British pound notes in this illustration taken on May 30, 2022. REUTERS/Dado Rovich/Illustration/ Register now to get free unlimited access to Register TOKYO (Reuters) – Sterling fell to a record low on Monday as traders sought an exit amid speculation that the new government’s economic plan would squeeze Britain’s finances to … Read more

Infographic: Roger Federer’s career in the charts | infographic news

Roger Federer, one of the world’s most decorated tennis players, will play the last match of his professional career at the Laver Cup in London on Friday. The 41-year-old Swiss, known for his agile one-handed backhand, began playing tennis at the age of eight, and rose to become one of the greatest tennis players in … Read more

Coal organizes a major comeback

Despite big promises to quickly move away from coal, “dirtiest fossil fuel”, Many countries around the world continue to rely heavily on coal production and imports for their energy needs. That’s not surprising from the likes of China and Australia, who make no secret of their dependence on coal, but are even more concerned when … Read more

WHO ‘strongly warns’ against use of two COVID-19 treatments

A woman holds a small bottle labeled “COVID-19 vaccine” and a medical syringe in this illustration taken on October 30, 2020. REUTERS/Dado Rovich Register now to get free unlimited access to Register LONDON (Reuters) – The World Health Organization is no longer recommending two antibody treatments for the emerging coronavirus (Covid-19), on the grounds … Read more

European oil giant warns that a windfall tax could backfire

by Alex Kimani – September 15, 2022, 12:00 PM SST Alfred Stern, CEO of OMV, has warned that a planned EU windfall tax could have a significant impact on energy companies’ earnings. “We’ll be watching that because it could really have a huge impact,” Stern told reporters. Brussels hopes to cut revenue from low-cost generators … Read more

Morning show: a definitive diagnosis? | Reuters

A trader stands below a screen on the trading floor displaying the Dow Jones Industrial Average at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, September 13, 2022. REUTERS/Andrew Kelly Register now to get free unlimited access to Register A look at the day ahead in the US and global … Read more

Facts: Europe’s plan to tackle the winter energy crisis

BRUSSELS (Reuters) – The European Union will unveil a package of measures this week aimed at slashing soaring gas and electricity prices that are fueling record inflation, hampering industrial activity and imposing sky-high bills on citizens before winter. . At the beginning of this month, Russia said it would not reopen its main Nord Stream … Read more

Germany and the European Union race to fix the energy crisis

Register now to get free unlimited access to Register Germany plans to expand lending to energy companies The EU’s securities watchdog is considering measures at the EU level European Commission announces broader plans on Wednesday BERLIN/BRUSSELS (Reuters) – Germany said on Tuesday it would boost lending to energy companies at risk of collapsing due … Read more