By Pete Schroeder WASHINGTON (Reuters) -U.S. stocks painted a mixed picture Thursday as investors digested how strong economic news could inform the Federal Reserve’s thinking on interest rate hikes, while the dollar hit its highest level in over a yea…
UK wants ‘significant progress’ in Brexit talks by February
DUBLIN (Reuters) – British Foreign Secretary Liz Truss is hoping to make significant progress in talks with the European Union on post-Brexit trade issues by February, she told journalists during a trip to Belfast on Thursday. “We are making progress, …
Nestle to give cocoa farmers cash to keep children in school
By Silke Koltrowitz and Maytaal Angel ZURICH/LONDON (Reuters) -Nestle said on Thursday it will start paying cocoa farmers cash if they send their children to school rather than out to tend crops as part of a push to purchase all of its cocoa through a …
Ferragamo’s sales grow 31.4% in 2021
MILAN (Reuters) – Sales at Italian luxury group Salvatore Ferragamo rose by 31.4% last year, in line with market expectations, although they are still far below pre-pandemic levels. The leather goods maker said on Tuesday 2021 revenues totalled 1.136 b…
UK records 338 deaths and 96,871 COVID cases
LONDON (Reuters) – The United Kingdom has recorded 338 deaths and 96,871 new cases of COVID-19, according to its official daily data. On a seven day basis, cases are down 2.2% on the week before, and deaths are down 1.1%. (Reporting by Kate Holton; Edi…
Stellantis ready to repay 6.3 billion euro Italy state-backed loan in advance sources
MILAN (Reuters) – Stellantis is preparing to early repay a 6.3 billion euros ($7 billion) loan backed by Italian government its predecessor Fiat Chrysler obtained at the peak of a COVID-19 outbreak, two sources close to the matter said on Thursday. Rep…
Dollar jumps as markets brace for larger, faster rate hikes
By Herbert Lash and Dhara Ranasinghe NEW YORK/LONDON (Reuters) -The dollar soared to its highest levels since July 2020 against other major currencies on Thursday, powered by bets the U.S. Federal Reserve could deliver faster and larger interest rate h…
EU drug regulator OKs Pfizer COVID pill for high-risk patients
(Reuters) -The European Union’s drug regulator on Thursday approved Pfizer Inc’s antiviral COVID-19 pill for treating adults at risk of severe illness, as the region scrambles to boost its arsenal to fight the Omicron variant. The endorsement by the Eu…
Apple to turn iPhones into payment terminals, rival Square – Bloomberg
(Reuters) -Apple Inc is planning a new service that will allow small businesses to accept payments directly on their iPhones without any extra hardware such as Square’s payment terminals, Bloomberg News reported on Wednesday. Currently, retailers can a…
Burkina Faso will return to constitutional order when conditions are right, military leader says
By Edward McAllister and Thiam Ndiaga OUAGADOUGOU (Reuters) -Burkina Faso’s new military leader Lieutenant Colonel Paul-Henri Damiba said on Thursday that the West African country return to constitutional order when conditions are right. Damiba spoke f…