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: 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.
Vodafone sees progress in resolving Germany issues
Vodafone (VOD.L) is making progress towards resolving issues in its biggest market Germany after suffering a drop in service revenue there, its chief executive said on Monday.
Explainer: How will Rogers’ C$20 bln contested bid for Shaw play out
Rogers Communications (RCIb.TO) faces a tough antitrust regulator and a July 31 deadline to close its C$20 billion ($15.5 billion) acquisition of Calgary-based Shaw Communications (SJRb.TO).
OPEC oil output boost in December again undershoots target
The increase in OPEC’s oil output in December has again undershot the rise planned under a deal with allies, a Reuters survey found on Thursday, highlighting capacity constraints that are limiting supply as global demand recovers from the pandemic.
COVID curbs freeze Germany’s private sector growth in December – PMI
Growth in German private sector activity evaporated in December as restrictions to break an aggressive fourth wave of coronavirus infections hit the services sector in Europe’s largest economy, a survey showed on Thursday.
Stocks lurch lower, bonds jump as virus variant spooks investors
Stocks suffered their sharpest drop in three months in Asia on Friday and oil tumbled after the detection of a new and possibly vaccine-resistant coronavirus variant sent investors scurrying toward the safety of bonds, the yen and the dollar.
Barclays raises 2022 oil price view on faster inventory drawdown
Barclays raised its 2022 oil price forecasts on Tuesday as it expects a faster-than-expected inventory drawdown and cautious supply response to offset a modest surplus next year.
