OAKLAND, Calif., July 12 Reuters A supply chain crisis triggered by the global pandemic deprived makers of PCs and smartphones to cars of computer chips needed to make their products. All that suddenly changed over three weeks from late May to June, as high inflation, China39;s latest COVID lockdown, and the war in Ukraine dampened […]

SYDNEY, July 12 Reuters A measure of Australian business confidence slid in June as rising costs and worries about consumer spending slugged the retail sector, though most firms reported actual activity was holding up well so far. Tuesday39;s survey from National Australia Bank Ltd NAB showed its index of business conditions eased 2 points to 13 […]

SYDNEY, July 12 Reuters A measure of Australian consumer sentiment slid for an eighth straight month to match pandemic lows in July as the surging cost of living and rising interest rates darkened the national mood. The WestpacMelbourne Institute index of consumer sentiment released on Tuesday slid 3.0 in July from June, when it dropped […]

Data due on 1200 GMT, July 12 BENGALURU, July 11 Reuters India39;s retail inflation likely held steady in June, but well above the Reserve Bank of India39;s tolerance limit for a sixth month as lower fuel and cooking oil prices offset higher services and food costs, a Reuters poll found. Despite a substantial recent increase […]

MILAN, July 11 Reuters Italian bank lending to businesses rose in May compared to the previous month, data from the Bank of Italy showed on Monday. A monthly report on the balance sheets of domestic banks showed loans to nonfinancial companies increased by 2.3 yearonyear in May from a 1.8 rise in April. The data […]

LONDON, July 8 Reuters British energy regulator Ofgem is proposing reforms to wholesale electricity markets to reduce Britain39;s reliance on gas imports and accelerate the transition to lowcarbon energy supply, it said on Friday. Last year, the government set out plans to increase offshore wind capacity to 50 gigawatts GW by 2030 and increase solar […]

FRANKFURT, July 8 Reuters A sudden jump in carbon prices coupled with floods and droughts this year would lead to losses of at least 70 billion euros 71.1 billion for the euro zone39;s largest banks, the European Central Bank said on Friday. The ECB said the estimate in its first climate stress test significantly understated […]

LONDON, July 8 Reuters The euro slipped on Friday after the release of a biggerthanforecast U.S. payrolls figure for June, while German 10year bond yields rose, tracking Treasuries. Nonfarm payrolls increased by 372,000 jobs last month, the Labor Department39;s employment report showed. Economists polled by Reuters had forecast 268,000 jobs added last month. The euro […]

LONDON, July 8 Reuters British employers slowed their hiring via recruitment agencies once again in June as vacancies increased at the weakest rate in more than a year, according to a survey that adds to signs that the labour market is losing some of its inflationary heat. In a report that the Bank of England […]

LONDON, July 8 Reuters Almost half of British people have cut back on food purchases as prices surge, while others are having to spend more on their shopping, according to official figures on Friday which show the scale of the current costofliving squeeze. British consumer price inflation hit a 40year high of 9.1 in May […]