Troubled Swedish Landlord SBB Enters Talks With Bondholders
The commercial landlord at the center of Sweden’s property crunch has entered into talks with a large group
2023-07-14 15:22
Burberry Sales Rise 18% as China Rebounds for Luxury Brand
Burberry Group Plc sales rose at the fastest rate in two years after the trench-coat maker benefited from
2023-07-14 14:55
Swedish Prices Rise More Than Expected in Setback for Riksbank
Swedish core inflation slowed less than expected in June, adding pressure on the country’s central bank to tighten
2023-07-14 14:19
Ericsson Beats Estimates as Growth in India Buoyed Sales
Ericsson AB beat second-quarter earnings forecasts, as growth in India helped offset weak sales in more established markets
2023-07-14 13:59
Carry Traders Fret That Good Times May Be Closer to an End
Global carry traders are facing a growing sense of anxiety toward anything that threatens to derail one of
2023-07-14 13:23
Europe heatwave 2023 – live: Greece in emergency weather measures as map shows deadly ‘Cerberus’ heat
Greece has introduced emergency measures to help workers cope with temperatures of more than 40C as the Cerberus heatwave grips Europe. The country has introduced the mandatory stoppage of work where there is heat stress from 12-5pm and high risk members of the public service will work from home. Temperatures in Greece could top 44C in the days to come while already in Spain the ground temperature has reached 60C. A heat map for Europe has turned to dark red and even black in areas because of the severity of the extreme weather, with forecasters noting that the heatwave could last for up to two weeks. One person has already died as a result. The 44-year-old worker was reportedly painting a zebra crossing in 40C heat in the town of Lodi outside Milan, Italy, at midday on Tuesday when he collapsed. The scorching heat is being driven by the rising global temperature as well as El Nino – a cyclic climate pattern which makes many places a lot hotter. There is also extreme heat in the US, and you can follow the blog for that here. Read More Land temperatures in Spain surpass 60C as deadly heatwave sweeps Europe UK weather: Met Office issues two yellow warnings as Britons brace for ‘unusual’ winds Europe heatwave: Is it safe to travel to Italy, Spain, Greece and Croatia?
2023-07-14 13:18
RBA’s Lowe Faced Disinflation, Pandemic, War in Turbulent Term
Australia’s outgoing central bank chief Philip Lowe proved to be a convenient scapegoat for public anger over surging
2023-07-14 12:52
Oil Set for Third Weekly Gain as African Outages Tighten Supply
Oil headed for a third weekly gain as supply disruptions in Africa and a reduction in shipments from
2023-07-14 12:48
Marketmind: Relief over US inflation keeps Asia upbeat
A look at the day ahead in European and global markets from Sonali Desai Thursday's Goldilocks blend of cooling U.S.
2023-07-14 12:47
Labour Invites Tory Donors to Breakfast in Bid to Woo City Elite
The UK Labour Party is reaching out to Conservative donors for support, as opposition leader Keir Starmer makes
2023-07-14 12:28
Underdogs of Currency World Stage Comeback
After being beaten down by a dominant dollar this year, the weakest links in the currency world are
2023-07-14 12:23
Russia-Ukraine war – live: Putin’s military in state of ‘confusion’ in wake of Wagner mutiny, US general says
Russia’s leadership is suffering “friction and confusion” since the Wagner mercenary group’s mutiny last month, but the impact it is having on front lines in Ukraine is still uncertain, the United States’ top general said on Thursday. General Mark Milley descibed “a lot of drama” at senior levels within the regime after Yevgeny Prigozhin led the mercenary group to capture Rostov-on-Don and then begin to drive to Moscow before the assault on the capital was defused in a deal ostensibly brokered by Belarusian leader Alexander Lukashenko. Mr Prigozhin has said the mutiny was not aimed at overthrowing the government but at “bringing to justice” the army and defense chiefs for their “blunders and unprofessional actions”. “At the strategic level it is pretty clear that you have a significant amount of friction and confusion,” General Milley told a small group of reporters traveling with him in Asia. Also on Thursday, a senior Russian general who was fighting in Ukraine said he was dismissed from his position after he accused the military’s leadership of betraying his troops with a lack of support. Read More Wagner boss Yevgeny Prigozhin ‘dead or in prison’ after Putin meeting, former US commander claims Russian general says he has been fired for telling truth about dire situation on Ukraine frontlines What to know about the harrowing Ukraine war doc '20 Days in Mariupol'
2023-07-14 12:23