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October 18, 2021

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Price pinch: global economy caught in perfect storm

Reuters
Britain’s chicken king says 20-year cheap food binge over IEA says energy crisis could threaten economic recovery Cold keeps China coal prices high, power crunch continues Biden targets bottlenecks threatening holiday sales LONDON/TOKYO, Oct 14 (Reuters) – From beef bowls in Tokyo to fried chicken in London, consumers are beginning......

Wells Fargo beats profit expectations on reserve release boost

Reuters
Oct 14 (Reuters) – Wells Fargo & Co (WFC.N) beat quarterly estimates for profit on Thursday, as the bank released funds set aside to cover potential loan losses due to the pandemic and reined in costs tied to its years-old sales practices scandal. The fourth-largest U.S. bank has been in......

Britain’s chicken king says the 20-year binge on cheap food is over

Reuters
Food price inflation will hit double digits Costs are soaring – chicken king says Problems are global – finance minister says There will be enough goods – finmin says LONDON, Oct 14 (Reuters) – Britain’s 20-year binge on cheap food is coming to an end and food price inflation could......

After Wild West start, scooter providers chase scale to survive

Reuters
LONDON, Oct 14 (Reuters) – The era of breakneck growth for electric scooter firms is giving way to more selective expansion focused on profits as they face tougher regulations, more demanding customers and wary insurers. Hurt badly by global coronavirus lockdowns last year, companies offering by-the-minute rental of e-scooters say......

Oil rises on bigger-than-expected draw in U.S. fuel stocks

Reuters
A gas pump at a petrol station in Seoul June 27, 2011. REUTERS/Jo Yong-Hak/File Photo API shows U.S. crude stocks up, fuel stocks down for last week U.S. 2021 crude output seen falling more than forecast – EIA OPEC trims 2021 demand f’cast, but says gas price surge may help......

WHO says it may be ‘last chance’ to find COVID origins

Reuters
WHO pins hopes on its new scientific advisory panel Calls for China to cooperate, provide early data from Wuhan “It may be our last chance to understand the origins” – Ryan GENEVA, Oct 13 (Reuters) – The World Health Organization said on Wednesday its newly formed advisory group on dangerous......

Russia can help Europe, not using gas as a weapon says Putin

Reuters
A chimney of a China Energy coal-fired power plant is pictured in Shenyang, Liaoning province, China September 29, 2021. REUTERS/Tingshu Wang/File Photo Recovery from COVID has led to surge in energy demand EU publishes a list of steps to tackle high energy prices Russia, Europe tussle over Nord Stream 2......

Russia excluded from 30-country meeting to fight ransomware and cyber crime

Reuters
A computer keyboard lit by a displayed cyber code is seen in this illustration picture taken on March 1, 2017. REUTERS/Kacper Pempel/File Photo WASHINGTON, Oct 13 (Reuters) – Russia was not invited to attend a 30-country virtual meeting led by the United States that is aimed at combating the growing......

European stocks extend losses, SAP shines after forecast lift

Reuters
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 29, 2021. REUTERS/Staff Oct 13 (Reuters) – European stocks extended losses on Wednesday as investors were unnerved by the prospect of rising inflation slowing growth, while software group SAP’s strong earnings forecast helped......

Natwest earmarks 100 bln pounds for sustainable finance by 2025

Reuters
The logo of NatWest Bank, part of the Royal Bank of Scotland group is seen outside a branch in Enfield, London Britain November 15, 2017. REUTERS/John Sibley/Files LONDON, Oct 13 (Reuters) – British lender Natwest (NWG.L) said on Wednesday it planned to increase lending linked to sustainable and climate-related finance......

U.S. FDA authorizes new e-cigarette products from BAT unit

Reuters
Signage is seen outside of the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, U.S., August 29, 2020. REUTERS/Andrew Kelly/File Photo Oct 12 (Reuters) – The U.S. Food and Drug Administration on Tuesday authorized the marketing of some new e-cigarette products by R.J. Reynolds Vapor Co, a unit......

UK energy regulator to unveil more supplier collapses – Sky News

Reuters
The sun rises behind electricity pylons near Chester, northern England October 24, 2011. REUTERS/Phil Noble//File Photo Oct 12 (Reuters) – British energy regulator Ofgem is expected to announce fresh supplier collapses as early as Wednesday, Sky News reported, after the watchdog warned last week that more companies could go bust......

Oil nears three-year high on energy crunch fears

Reuters
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base Brent hit $84.60, highest since October 2018, on Monday White House stands by calls for OPEC+ to do more Crude market looks overbought after rally -analyst......

Travel is recovering, UK’s easyJet says after $1.5 billion loss

Reuters
Expects loss of between 1.135-1.175 bln stg for FY 2021 Plans to fly 70% of capacity in Oct-Dec period Says relaxation of UK travel rules helping bookings Travellers keen on winter sun destinations LONDON, Oct 12 (Reuters) – European travel is reviving and easyJet (EZJ.L)is increasing flights between now and......

Oil settles up 1.5%; hits multi-year highs on surging demand

Reuters
BENGALURU, Oct 11 (Reuters) – Oil prices jumped on Monday to the highest levels in years, fuelled by rebounding global demand that has contributed to power and gas shortages in key economies like China. Brent crude rose $1.26, or 1.5%, to settle at $83.65 a barrel. The session high was......

Murray says Raducanu’s defeat at Indian Wells a ‘little bump’

Reuters
Oct 8, 2021; Indian Wells, CA, USA; Emma Raducanu (GBR) walks off the court after losing the match to Aliaksandra Sasnovich (BLR) at Indian Wells Tennis Garden. Mandatory Credit: Orlando Ramirez-USA TODAY Sports Oct 10 (Reuters) – Emma Raducanu’s defeat in her first match since winning the U.S. Open was......

Bottas wins in Turkey, title advantage to Verstappen

Reuters
Formula One F1 – Turkish Grand Prix – Intercity Istanbul Park, Istanbul, Turkey – October 10, 2021 Mercedes’ Valtteri Bottas crosses the line to win the race REUTERS/Murad Sezer Bottas takes first win in more than a year Finn started on pole and set fastest lap Verstappen second to retake......

UK business minister defends wages stance, says BoE can handle inflation

Reuters
Britain’s Secretary of State for Business, Energy and Industrial Strategy Kwasi Kwarteng speaks to media in Westminster, London, Britain, September 21, 2021. REUTERS/Hannah McKay LONDON, Oct 10 (Reuters) – The British government is right to focus on driving up wages, business minister Kwasi Kwarteng said on Sunday, expressing confidence in......

Fury defeats Wilder with 11th round knockout to retain WBC belt

Reuters
Oct 9 (Reuters) – Tyson Fury won a slugfest with Deontay Wilder with an 11th round knockout to retain his WBC heavyweight title at T-Mobile Arena in Las Vegas on Saturday. Fury knocked Wilder down in the third round but the American responded in the fourth, sending the Briton to......

Joshua triggers rematch with Usyk, says promoter Hearn

Reuters
Boxing – WBA, IBF & WBO Heavyweight Titles – Anthony Joshua v Oleksandr Usyk – Tottenham Hotspur Stadium, London, Britain – September 25, 2021 Anthony Joshua in action against Oleksandr Usyk Action Images via Reuters/Andrew Couldridge Oct 9 (Reuters) – Britain’s Anthony Joshua has triggered his clause for a rematch......

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