Headlines

UK housing market may face perfect storm as mortgage rates rise, house prices drop

UK housing market may face perfect storm as mortgage rates rise, house prices drop

By Andy Bruce, Sinead Cruise and Carolyn Cohn LONDON (Reuters) – A surge in borrowing costs and a likely slowdown in economic gr..

Britain’s market rout stokes contagion fears around the globe

Britain’s market rout stokes contagion fears around the globe

By Davide Barbuscia, Marc Jones and Dhara Ranasinghe NEW YORK/LONDON (Reuters) – The scale and speed of the sell-off in British ..

Chile authorities scour mountains for missing British astronomer

Chile authorities scour mountains for missing British astronomer

By Natalia A. Ramos Miranda SANTIAGO (Reuters) – Chile authorities on Wednesday were scouring an arid mountainous region of the ..

Apple falls on fears of slowing iPhone 14 demand

Apple falls on fears of slowing iPhone 14 demand

By Medha Singh and Nivedita Balu (Reuters) -Apple Inc shares fell more than 4% on Wednesday after a report that the tech giant was dit..

Lilium aims to build 400 air taxis a year, seek grants

Lilium aims to build 400 air taxis a year, seek grants

PARIS (Reuters) – German air taxi developer Lilium Air Mobility plans to set up industrial capacity to make some 400 of its elec..

What is known so far about the Nord Stream gas pipeline leaks

What is known so far about the Nord Stream gas pipeline leaks

By Nina Chestney LONDON (Reuters) – Three unexplained gas leaks detected in the Nord Stream 1 and 2 pipelines from Russia to Ger..

Bank of England statement on purchase of long-dated bonds

Bank of England statement on purchase of long-dated bonds

LONDON (Reuters) – The Bank of England said on Wednesday it would start a temporary programme of bond purchases to stabilise the..

Boohoo says exposure to sterling plunge is limited – finance chief

Boohoo says exposure to sterling plunge is limited – finance chief

LONDON (Reuters) – British online fashion retailer Boohoo said on Wednesday its exposure to the recent plunge in the value of th..

Lego posts strong growth on robust demand, new store openings

Lego posts strong growth on robust demand, new store openings

By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Lego on Wednesday posted double-digit sales growth in the first half of the ye..

Porsche’s blockbuster IPO is no ‘gamechanger’ for Europe’s battered markets

Porsche’s blockbuster IPO is no ‘gamechanger’ for Europe’s battered markets

By Lucy Raitano and Andres Gonzalez LONDON (Reuters) – Porsche’s landmark listing is defying market turmoil giving a welco..

Inflation weighs on consumer morale in euro zone’s big three economies

Inflation weighs on consumer morale in euro zone’s big three economies

BERLIN (Reuters) -Consumer morale was down across the euro zone’s three largest economies as high inflation shows no sign of rel..

Drinks group Pernod hires former Kering executive Oudinot for new unit

Drinks group Pernod hires former Kering executive Oudinot for new unit

PARIS (Reuters) – French drinks group Pernod said it had hired Nicolas Oudinot, a former leading executive at luxury goods fashi..

Stocks hit two-year lows, sterling comes under fire

Stocks hit two-year lows, sterling comes under fire

By Wayne Cole and Amanda Cooper LONDON/SYDNEY (Reuters) – World shares sank to two-year lows on Wednesday, hammered by spirallin..

Apple drops plan to boost iPhone production as demand falters-Bloomberg

Apple drops plan to boost iPhone production as demand falters-Bloomberg

(Reuters) -Apple Inc is dropping plans to increase production of its new iPhones this year after an anticipated surge in demand failed..

White House’s Deese, asked about UK economic plans, stresses ‘fiscal prudence’

White House’s Deese, asked about UK economic plans, stresses ‘fiscal prudence’

By Andrea Shalal WASHINGTON (Reuters) -White House economic adviser Brian Deese said on Tuesday he was not surprised by the negative r..

Meta says it removes China-based propaganda operation targeting U.S. midterms

Meta says it removes China-based propaganda operation targeting U.S. midterms

By Katie Paul (Reuters) -Meta Platforms said on Tuesday it disrupted the first known China-based influence operation focused on target..

British health officials warn of difficult winter with flu and COVID

British health officials warn of difficult winter with flu and COVID

LONDON (Reuters) – British health officials on Wednesday warned that increased circulation of flu and a resurgence in COVID-19 c..

U.S. VP Harris to push against China’s Taiwan policy in Japan speech

U.S. VP Harris to push against China’s Taiwan policy in Japan speech

By Trevor Hunnicutt TOKYO (Reuters) – U.S. Vice President Kamala Harris is expected to take aim at China’s actions toward ..

Jaguar Land Rover sets out to train workers, dealers for EV world

Jaguar Land Rover sets out to train workers, dealers for EV world

By Nick Carey LONDON (Reuters) – Luxury British carmaker Jaguar Land Rover said on Wednesday it would retrain 29,000 employees a..

Factbox-Companies cut jobs, freeze hiring to prepare for economic slowdown

Factbox-Companies cut jobs, freeze hiring to prepare for economic slowdown

(Reuters) – Technology companies, crypto exchanges and financial firms are cutting jobs and slowing hiring as global economic gr..

EU draft rules to make it easier to sue drone makers, AI systems

EU draft rules to make it easier to sue drone makers, AI systems

By Foo Yun Chee BRUSSELS (Reuters) – Individuals and companies that suffer harm from drones, robots and other products or servic..

New coins, banknotes, stamps and cypher for Britain’s King Charles

New coins, banknotes, stamps and cypher for Britain’s King Charles

LONDON (Reuters) – Britain will gradually see coins, banknotes and stamps bearing the image of King Charles, while the new monar..

Ireland dips into budget surplus to ease cost of living squeeze

Ireland dips into budget surplus to ease cost of living squeeze

By Padraic Halpin and Conor Humphries DUBLIN (Reuters) -Ireland dipped into one of Europe’s few budget surpluses to fund higher-..

Factbox-The challenges automakers, and now Tesla, face with humanoid robots

Factbox-The challenges automakers, and now Tesla, face with humanoid robots

By Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla’s CEO Elon Musk is set to unveil its prototype humanoid robots at an event ..

Iberdrola hires Barclays to sell stake in Spanish renewable portfolio, Expansion says

Iberdrola hires Barclays to sell stake in Spanish renewable portfolio, Expansion says

MADRID (Reuters) – Spanish power company Iberdrola hired Barclays’ investment bank to sell up to 49% in a portfolio of Spa..

Unilever CEO set to leave after GSK debacle, arrival of activist investor

Unilever CEO set to leave after GSK debacle, arrival of activist investor

By Richa Naidu (Reuters) – Unilever said CEO Alan Jope would retire at the end of 2023, announcing the move less than a year aft..

GSK picks Burberry’s Brown as first female CFO

GSK picks Burberry’s Brown as first female CFO

By Amna Karimi and Pushkala Aripaka (Reuters) -GSK named luxury fashion brand Burberry’s Julie Brown as its first ever female ch..

Exclusive-With eye on Big Tech, energy crisis, EU telcos call for shared network costs

Exclusive-With eye on Big Tech, energy crisis, EU telcos call for shared network costs

By Foo Yun Chee BRUSSELS (Reuters) – Deutsche Telekom, Orange, Telefonica and 13 other European telecoms providers on Monday mad..

Sterling plunges to all-time low in scathing appraisal of fiscal plan

Sterling plunges to all-time low in scathing appraisal of fiscal plan

By Kevin Buckland TOKYO (Reuters) -Sterling tumbled nearly 5% to an all-time low on Monday as investors ran for the exits after the ne..

Auto suppliers feel the green squeeze as carmakers get clean

Auto suppliers feel the green squeeze as carmakers get clean

By Nick Carey, Victoria Waldersee and Giulio Piovaccari TAMWORTH, England (Reuters) – The auto industry’s drive to a green..

New Zealand marks Queen Elizabeth’s passing on national day of mourning

New Zealand marks Queen Elizabeth’s passing on national day of mourning

SYDNEY (Reuters) – Prime Minister Jacinda Ardern led a state memorial service for Queen Elizabeth II on Monday, saying the Pacif..

Japan bans chemical weapons-related goods to Russia, concerned by nuke threats

Japan bans chemical weapons-related goods to Russia, concerned by nuke threats

TOKYO (Reuters) – Japan has decided to ban exports of chemical weapons-related goods to Russia in an additional sanction against..

Sterling collapses as investors fly into dollars

Sterling collapses as investors fly into dollars

By Tom Westbrook SYDNEY (Reuters) – Sterling slumped to a record low on Monday, prompting speculation of an emergency response f..

UK home asking prices rise, tax cuts to spur demand: Rightmove

UK home asking prices rise, tax cuts to spur demand: Rightmove

LONDON (Reuters) – Asking prices for British homes advertised rose solidly this month and last week’s cut to property purc..

Factbox: Companies potentially affected by Italy’s election

Factbox: Companies potentially affected by Italy’s election

(Reuters) – A right-wing alliance led by Giorgia Meloni’s Brothers of Italy party looks set to win a clear majority in the..

Italy’s right-wing parties seen winning power – exit polls

Italy’s right-wing parties seen winning power – exit polls

ROME (Reuters) – A right-wing alliance led by Giorgia Meloni’s Brothers of Italy party looks set to win a majority in the ..

Euro zone likely entering recession as price rises hit demand -PMI

Euro zone likely entering recession as price rises hit demand -PMI

By Jonathan Cable LONDON (Reuters) – A downturn in business activity across the euro zone deepened in September, according to a ..