BEIJING, Nov 20 Reuters Xiaomi Corp reported a small increase in revenue for the third quarter, though smartphone shipments were flat as China39;s economic recovery struggled to gather momentum. Te smartphone maker39;s sales totalled 70.9 billion yuan 9.83 billion, beating an average estimate of 70.2 billion yuan from 13 analysts polled by LSEG. Net income jumped […]

UK faces highest tax burden since 1948 Debt servicing costs set for highest average since 1980s UK tax rates lower than large European neighbours Budget rules give few incentives for preelection prudence LONDON, Nov 20 Reuters Britain39;s next government will almost certainly need to raise taxes and make unwelcome spending choices even if this week39;s […]

MADRID, Nov 20 Reuters In Spain, the world39;s biggest olive oil producer, supermarkets are locking up bottles of the staple cooking oil as prices surge and theft increases. Onelitre bottles of extravirgin olive oil are selling for as much as 14.5 euros 15.77 in some supermarkets, propelling olive oil into the category of products retailers […]

BERLIN, Nov 20 Reuters German producer prices fell in line with expectations in October, the federal statistics office said on Monday, continuing a downward trend after a record fall in September. Compared with October 2022, prices were down 11.0, which had also been the expectations of analysts polled by Reuters. The office pointed out the 27.9 yearly […]

LONDON, Nov 20 Reuters A private fund that plans to build power projects on sites such as hospitals and data centres to reduce energy wastage has secured backing from the European Union39;s investment arm. The European Investment Fund EIF said it had invested 125 million euros in the 39;Green Energy Solutions Fund39;, which is run […]

Italian banks stocks gain after Moody39;s upgrade Bayer woes pile up as blood thinner drug trial fails Julius Baer falls after guidance cut Nov 20 Reuters European shares were subdued on Monday after a strong week driven by aggressive bets on interest rate cuts, with drugstopesticides group Bayer sliding to a more than 14year low […]

LONDON, Nov 20 Reuters Kristalina Georgieva, head of the International Monetary Fund, and a spokesperson for China39;s foreign ministry said on Monday they were ready to work with Argentina39;s presidentelect Javier Milei. Argentina elected rightwing libertarian Javier Milei as its new president on Sunday, rolling the dice on an outsider with radical views to fix an […]