EU governments, lawmakers agree on tougher cybersecurity rules for key sectors
By Foo Yun Chee BRUSSELS (Reuters) – EU countries and lawmakers agreed on Friday to tougher cybersecurity rules for large energy, transport and financial firms, digital providers and medical device makers amid concerns about cyber attacks by state actors and other malicious players.
EQT pushes back Galderma IPO plans amid market turmoil – sources
By Emma-Victoria Farr and Oliver Hirt LONDON (Reuters) – EQT is delaying listing plans for its $22 billion skincare firm Galderma as market volatility and recession fears in Europe cool investor appetite for what is set to be Switzerlands biggest flotation in almost two decades, two
Britons cut back on petrol amid cost of living squeeze
LONDON (Reuters) – Britons are cutting back on petrol and diesel purchases as they reduce the number of car journeys they make to save cash, amid a worsening cost of living crisis.
Soaring bread prices spark protests and shop fires in Iran – IRNA
(Reuters) – Soaring bread prices have triggered protests in Iran in which some shops were set on fire, prompting police to arrest scores of “provocateurs”, the official IRNA news agency said on Friday.
Column-Spiking ‘Misery Indexes’ dare central banks to blink :Mike Dolan
By Mike Dolan LONDON (Reuters) – It‘s Friday the 13th and more than $10 trillion has now been sliced off the value of global stock markets this year while ’Misery Indexes that blend inflation and jobless rates are spiking. Is it already time for central banks
Exclusive-Tesla puts India entry plan on hold after deadlock on tariffs-sources
By Aditi Shah NEW DELHI (Reuters) – Tesla Inc has put on hold plans to sell electric cars in India, abandoned a search for showroom space and reassigned some of its domestic team after failing to secure lower import taxes, three people familiar with the
U.S. travel firms flex marketing muscle to lure travelers seeking sun and sand
By Nilanjana Basu and Aishwarya Nair (Reuters) – U.S. travel booking firms are spending heavily on marketing to get more people to book flights and accommodation on their apps and websites as they look to make the most of a post-pandemic boom in tourism during the
JPMorgans Dimon faces shareholder advisory vote on $52.6 million retention award
By David Henry and Ross Kerber NEW YORK (Reuters) – Long-time JPMorgan Chase & Co Chief Executive Jamie Dimon will find out on Tuesday how shareholders feel about a special $52.6 million stock option award he received to stay on for five more years, which is
China April new bank loans tumble as COVID jolts economy
By Judy Hua and Kevin Yao BEIJING (Reuters) -New bank lending in China tumbled in April from the previous month as the COVID-19 pandemic jolted the economy and weakened credit demand, central bank data showed on Friday, after it pledged to step up support to ward off a sharper slowdown.
Honda warns of rising costs, forecasts weaker annual profit
By Satoshi Sugiyama TOKYO (Reuters) -Japans Honda Motor on Friday forecast a 7% fall in annual earnings, instead of an expected rise, and warned that the long chip crunch and rising raw material costs were hurting profit, echoing comments from rivals Toyota and Nissan.
Investors bet on Bank of Canada setting G7 pace in move to neutral rates
By Fergal Smith TORONTO (Reuters) – As Canadas economy overheats, the Bank of Canada is likely to be among the first of the major central banks to lift interest rates to a more normal setting even as worries persist about record-high levels of household debt, strategists
Musk says $44-billion Twitter deal temporarily on hold
(Reuters) -Elon Musk said on Friday his $44-billion deal for Twitter Inc was temporarily on hold, citing pending details on spam and fake accounts.
Hong Kongs Q1 GDP contracts by 4% y/y; 2022 growth forecast revised down
HONG KONG (Reuters) -Hong Kongs economy contracted by 4% in the first quarter from the same period a year earlier, government data showed on Friday, ending four quarters of recovery as the city imposed its most stringent measures to curb COVID-19.
Global equity funds see massive outflows on slowdown fears
(Reuters) – Global equity funds witnessed a surge in outflows in the week ended May 11, as fears of an economic slowdown and further tightening by major central banks to tame stubborn inflation spooked investors.
Barclays warns of sub-parity euro, 5 ppt GDP hit if Russia turns off gas taps
LONDON (Reuters) – Analysts at Barclays have warned of a 5 percentage point hit to euro zone GDP and dive below dollar parity for the euro if Russia closes its gas taps as part the escalating war in Ukraine.
Eurozone Industrial Production Wanes in April to Test EUR Support
Economic data from the Eurozone disappointed today, raising more questions over the economic outlook. The EUR fell back to sub-$1.04 levels in response.
Battered sterling gets respite but set for weekly fall vs dollar
By Lucy Raitano LONDON (Reuters) – Britains pound edged up against the dollar on Friday, offering some respite from a week of selling that pushed the currency to two-year lows.
Take Five: Recession talk justified？ Follow the data
A deluge of data from across major economies comes at a pivotal moment in the debate over whether central banks are jacking up interest rates into a potentially sharp global growth slowdown.
Rouble firms past 63 vs dollar in Moscow, hits fresh 5-year high vs euro
(Reuters) – The Russian rouble firmed past 63 per dollar in Moscow on Friday for the first time since early February 2020 and touched a fresh five-year high versus the euro, supported by continuing restrictions on currency trading.
China looks to spur job prospects for record number of new graduates
BEIJING (Reuters) -China will offer subsidies, tax breaks and easier loans to boost prospects for college graduates, the cabinet said on Friday, as a record number prepare to enter the workforce this year amid downside risks to economic growth stemming from COVID-19 curbs.
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