UK labour market exodus drives jobless rate down to 3.5%
Britain reported a record jump in the number of people leaving the labour market in the three months to August, adding to the Bank of England’s inflation headaches.
Analysis: Russian gas supply gap casts chill in Europe as winter nears
Europe needs to pay up to import liquefied natural gas, pray for a mild winter and cut energy demand as any sabotage of infrastructure or even deeper cuts to Russian supply would make power rationing or blackouts all but inevitable.
Exclusive: KLA to stop sales and service to China to comply with U.S. export curbs
U.S. chip toolmaker KLA Corp will cease offering some supplies and services from Wednesday to China-based customers including South Korea’s SK Hynix in compliance with recent U.S. regulations, a source familiar with the situation said on Tuesday.
Analysis: Europe Inc’s wage hikes alarm investors as worries about recession grow
Plans by European companies to hike wages and pay one-off bonuses to help staff cope with a torrid winter are raising alarm among investors concerned that the extra cost could hurt profits and undermine the region’s economy.
Analysis: British banks’ mortgage payday comes with sting in the tail
While British households head into a winter of soaring energy costs, a tumbling currency and nearly double-digit inflation, the country’s banks are in line for a handsome payday as mortgage prices spike after a decade of stagnation.
Stocks ease as Ukraine attacks and rate outlook spark flight to havens
Global shares dropped on Monday after Russian missiles pounded cities across Ukraine and as renewed concern about the economic outlook sent investors into safe-haven assets such as the dollar and bonds.
China tech shares sink as U.S. export curbs raise chip sector hurdles
Shares in Chinese tech giants Alibaba Group (9988.HK) and Tencent (0700.HK) as well as in chipmakers slumped on Monday, as investors were spooked by new U.S. export control measures aimed at slowing Beijing’s technological and military advances.
Exclusive: India demands nearly $250 million from Pernod for undervaluing imports
Indian authorities have demanded $244 million from the local unit of French spirits giant Pernod Ricard for undervaluing concentrate imports for over a decade to avoid full payment of duties, a government notice seen by Reuters shows.
Exclusive: Indian car makers propose tax cut on imports in trade deal with Britain
Indian car makers have proposed cutting to 30% the tax rate on imported cars as part of a trade deal with Britain, sources told Reuters, an unprecedented move that could ease access to one of the world’s most protected automobile markets.
Exclusive: Samsung, SK Hynix to be spared brunt of China chip crackdown by U.S.
The Biden administration plans to spare SK Hynix and Samsung from the brunt of new restrictions on memory chipmakers in China aimed at thwarting Beijing’s technological ambitions and blocking its military advances, sources said.
