By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) – The yen spiked higher on Thursday after the Federal Reserve’s strong stance on rates the day before roiled the outlook for bonds and stocks while forcing Japan to unilaterally intervene in FX m…
Britain’s Tesco under pressure to raise staff pay rates after rivals hike
By James Davey LONDON (Reuters) – Tesco, Britain’s biggest retailer and one of the country’s largest private sector employers, is facing union calls to increase store workers’ pay after several rivals raised hourly rates for a second time this year. Co…
On Ukraine, U.N. chief says talk of nuclear conflict ‘unacceptable’
UNITED NATIONS (Reuters) – U.N. Secretary-General Antonio Guterres told a Security Council meeting on Ukraine on Thursday that talk of a nuclear conflict is “totally unacceptable” and any annexation of a state’s territory by another state through the t…
Six injured, building destroyed in blast at JSW coking plant in Poland
WARSAW (Reuters) – An explosion in a coking plant in southern Poland owned by miner JSW injured six people and caused a building to collapse, a fire brigade spokesman said on Thursday. The explosion at the Koksownia Przyjazn plant in Dabrowa Gornicza w…
Renault offered over 1,000 euro one-off payments to most workers to cope with inflation – unions
PARIS (Reuters) – French car maker Renault has offered over 1,000 euros in one-off payments to a majority of its workers to help them cope with inflation, union sources told Reuters. The sources said the carmaker proposed a bundle of exceptional measur…
Instagram down for thousands of users – Downdetector.com
(Reuters) – Meta Platform’s Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. Nearly 19,000 users were having trouble accessing the social network, according to Downdetector, which tracks outa…
Ceconomy CFO Florian Wieser to leave company on Dec 31
BERLIN (Reuters) – Chief finance officer of electronics retail holding company Ceconomy Florian Wieser is leaving the company, to be replaced by Dr. Kai-Ulrich Deissner, the company said in a statement on Thursday. Deissner wil take over from Wieser on…
Japan intervenes in FX market to stem yen falls after BOJ keeps super-low rates
By Leika Kihara and Daniel Leussink TOKYO (Reuters) – Japan intervened in the foreign exchange market on Thursday to buy yen for the first time since 1998, in an attempt to shore up the battered currency after the Bank of Japan stuck with ultra-low int…
Carrefour management increases offer in wage talks with unions
By Richa Naidu PARIS (Reuters) -France’s biggest retailer Carrefour has increased its offer in the third round of wage talks with unions, suggesting a 2.5% pay hike from November this year, a company spokesperson said on Thursday. The offer would mean …
Bermuda hunkers down as Hurricane Fiona looms, powerless Puerto Rico swelters
By Don Burgess and Ivelisse Rivera HAMILTON, Bermuda (Reuters) -Bermudians boarded up windows and stocked up on groceries and flashlight batteries as Hurricane Fiona drew nearer on Thursday after causing several deaths and leaving many people swelterin…