By Tanvi Mehta and Amal S (Reuters) -London’s FTSE 100 rose on Friday and was on course for a weekly gain, boosted by energy and mining stocks, while banks fell a day after the Bank of England raised interest rates to curb inflation. The FTSE 100 index…
Carlsberg warns that higher beer prices could hit sales
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Carlsberg plans to raise beer prices to offset rising raw material costs, potentially hitting beer sales this year, the Danish brewer said on Friday. The world’s third-largest brewer reported better than…
Euro zone firms see wages rising by 3% or more, ECB says
FRANKFURT (Reuters) – Euro zone companies expect wages to rise by 3% or more this year as workers demand to be compensated for inflation and it becomes more difficult to find staff such as builders and software engineers, the European Central Bank said…
ECB survey sees inflation back under target next year
FRANKFURT (Reuters) – Euro zone inflation could still fall below 2% next year, a fresh survey published by the European Central Bank showed on Friday, just a day after the bank warned about growing consumer price pressures. The ECB kept policy unchange…
Mired in scandal, British PM Johnson fights to shore up authority
LONDON (Reuters) -British Prime Minister Boris Johnson was fighting on Friday to shore up his authority after a senior aide resigned over his false claim that the leader of the opposition Labour Party failed to prosecute a notorious child sex abuser. J…
India’s COVID deaths cross 500,000 but some analysts count millions more
By Neha Arora and Sumit Khanna NEW DELHI (Reuters) -India’s official COVID-19 death toll crossed 500,000 on Friday, a level some data analysts said was breached last year but was obscured by inaccurate surveys and unaccounted dead in the hinterlands, w…
Olympics-Torch relay begins final stretch ahead of Winter Games opening ceremony
BEIJING (Reuters) – The Olympic torch relay began its final stretch on Friday through former imperial gardens and along an ancient canal, with Chinese Olympic medallist Ding Ning among those carrying the flame along a route shortened to three days beca…
UK energy regulator proposes more frequent price cap updates
(Reuters) – Britain’s energy regulator Ofgem on Friday opened a consultation on a proposal to switch from half-yearly to quarterly price cap updates and reducing the advance notice for new tariffs to take effect. “We are consulting on a number of chang…
Northvolt, Volvo Cars pick Gothenburg for new gigafactory
STOCKHOLM (Reuters) – Automaker Volvo Cars and battery maker Northvolt will build their joint battery plant in Gothenburg, in western Sweden, the two companies said on Friday. The two Sweden-based companies announced plans last year for a joint venture…
TomTom sees more supply chain constraints in 2022, misses Q4 forecasts
(Reuters) – Dutch navigation and digital mapping company TomTom said on Friday it expected more supply chain constraints in 2022 as it reported weaker-than-expected quarterly core earnings. The Amsterdam-based firm, whose customers range from major car…