LONDON (Reuters) – Half of Britons plan to spend less on Christmas this year as a cost of living crisis, amid surging food and energy costs, curtails their purchasing power, market researcher Kantar said on Monday. It said one in three shoppers who exp…
Exclusive-Activist investor Peltz meets possible Unilever CEOs
By Jessica DiNapoli and Richa Naidu NEW YORK (Reuters) – Activist investor Nelson Peltz, who is on the board of Unilever Plc, has approached former CEOs of consumer goods companies as candidates for the top job at the Dove soap-maker, two sources famil…
Ukraine’s Zelenskiy asks Israel to join fight against Russia
JERUSALEM (Reuters) -Ukrainian President Volodymyr Zelenskiy on Monday called on Israel to join the fight against Russia and repeated a request for Israeli air defense systems. “Isn’t it time for your state to choose who you are with as well?” Zelenski…
U.S., European shares climb on hopes Fed will slow rate hike pace
By Chris Prentice and Amanda Cooper WASHINGTON/LONDON (Reuters) – U.S. shares extended last week’s rally and European shares climbed on Monday as signs of a cooling U.S. economy stoked hopes that the Federal Reserve will slow its pace of rate hikes. Th…
Oil prices ease on Chinese demand data, stronger dollar
By Laila Kearney NEW YORK (Reuters) -Oil settled lower in choppy trade on Monday as data showing demand from China remained lackluster in September and a strong U.S. dollar weighed, while weakening U.S. business activity data eased expectations for mor…
UK finance minister Hunt: ‘Time for honesty’ about economic challenges
LONDON (Reuters) – British finance minister Jeremy Hunt said on Monday it was time for “honesty” about the economic challenges facing the country as he congratulated Rishi Sunak on becoming the next prime minister. “This is a time for honesty about the…
Lastminute.com execs have detention extended as probe continues
ZURICH (Reuters) – The chief executive and chief operating officer of Lastminute.com, subjects of a criminal investigation into the possible abuse of state aid for firms hit by pandemic lockdowns, have had their period in investigative custody extended…
EU countries agree to hike climate change target next year
By Kate Abnett and Bart H. Meijer BRUSSELS (Reuters) -European Union countries agreed on Monday to raise their target to curb greenhouse gas emissions under the Paris climate agreement next year, as the bloc attempts to rally ambition among major emitt…
Parkour athletes switch off Paris lights one by one
By Manuel Ausloos PARIS (Reuters) – Hadj Benhalima sized up the building in front of him then took a run at the wall, pushed off its surface with one foot, twisted around in mid-air and reached out to flick a switch a few metres off the ground. A clunk…
Portugal’s PM urges ECB to be prudent in raising interest rates
By Sergio Goncalves LISBON (Reuters) – Portugal’s Prime Minister Antonio Costa has urged the European Central Bank (ECB) to be prudent in raising interest rates from abnormally low levels, despite not expecting a dramatic increase in household bad loan…