France hit by new wave of strikes against Macron’s pension reform

Reform would raise retirement age to 64 Schools, transport networks, refinery deliveries hit Macron: Reform vital to ensure viability of pension system SAINT-NAZAIRE, France, Jan 31 (Reuters) – Striking workers disrupted French refinery deliveries, public transport and schools on Tuesday in a second day of nationwide protests over President Emmanuel Macron’s plan to make people … Read more

Goldilocks is back! Markets start 2023 in red-hot form

LONDON, Jan 31 (Reuters) – From stocks to government bonds, markets have had one of their best starts to the year in decades but whether the run lasts depends on a Goldilocks scenario of easing inflation, economic growth holding up and borrowing costs falling. After $14 trillion was wiped off world shares in 2022, $4 … Read more

Breakingviews: Adani re-ups India’s emerging market risk

HONG KONG/MUMBAI, Jan 31 (Reuters Breakingviews) – India is making its way onto global investors’ maps. How the country’s financial authorities tackle the $65 billion selloff at Gautam Adani’s eponymous infrastructure empire following a short-selling attack may determine how soon the country establishes itself as a reliable investment destination. The World Bank expects India’s economy … Read more

Unilever names former Heinz exec Schumacher as CEO

To become CEO July 1 Activist shareholder says met Schumacher when at Heinz First outsider CEO since Paul Polman appointed in 2008 Unilever shares outpace FTSE 100 LONDON, Jan 30 (Reuters) – Unilever on Monday appointed Hein Schumacher to replace Alan Jope as chief executive from July in a move that was welcomed by investors … Read more

Asia shares turn cagey as rate hikes, earnings loom

https://tmsnrt.rs/2zpUAr4 Fed seen hiking 25bp this week, ECB and BOE by 50bp Tech giants lead host of earnings results China shares up as holiday travel surges SYDNEY, Jan 30 (Reuters) – Asian shares turned cagey on Monday ahead of a week that is certain to see interest rates rise in Europe and the United States, … Read more

UK PM Sunak sacks party chairman Zahawi over tax affairs

Zahawi found not to have been open about tax probe Independent adviser finds serious breaches of code Investigation into Deputy PM ongoing Scandal damages PM Sunak’s attempted reset LONDON, Jan 29 (Reuters) – British Prime Minister Rishi Sunak sacked Conservative Party chair Nadhim Zahawi on Sunday after an investigation found he committed a serious breach … Read more

Two energy giants, two green projects: one double-booking in the North Sea

BP and Orsted clash over ‘Overlap Zone’ Carbon capture project vies with wind farm Conflict could undermine UK climate goals Similar disputes could loom in the North Sea LONDON, Jan 24 (Reuters) – Oil major BP plans to build a vast carbon capture project beneath the North Sea that would be crucial to Britain hitting … Read more

New suppliers race to plug into the electric car market

WOKING, England, Jan 23 (Reuters) – The global auto industry has committed $1.2 trillion to developing electric vehicles (EVs), providing a golden opportunity for new suppliers to grab contracts providing everything from battery packs to motors and inverters. Startups specializing in batteries and coatings to protect EV parts, and suppliers traditionally focused on niche motorsports … Read more

Here’s what Twitter lost in advertising revenue in the final months of 2022

NEW YORK/LONDON, Jan 20 (Reuters) – Top advertisers on Twitter slashed their spending after Elon Musk’s takeover, according to estimates compiled for Reuters by research firm Pathmatics, in the latest shock to the company’s dominant revenue source. Fourteen of the top 30 advertisers on Twitter stopped all advertising on the platform after Musk took charge … Read more

Davos 2023: Cowed crypto crowd feels winter freeze at WEF

DAVOS, Switzerland, Jan 19 (Reuters) – In the snow and ice on the main drag in Davos, the impact of the crypto winter is plain for WEF attendees to see. Last May, the dressed-up shop fronts that line both sides of the Promenade street running through the Swiss ski resort were dominated by crypto firms, … Read more