ZURICH (Reuters) – The Swiss economy is expected to slow this year but will not slide into a recession, the government said on Tuesday, after it reported zero growth at the end of 2022. “From the current perspective I would not expect a recession,” Eric Scheidegger, the Head of the Economic Policy Directorate at the …
Swiss government says it expects economic slowdown but no recession Read More »
Berlin (Reuters) – Importe nach Deutschland haben sich zum Jahresauftakt erneut verbilligt. Die Einfuhrpreise sanken im Januar um 1,2 Prozent im Vergleich zum Vormonat und damit das fünfte Mal in Folge, wie das Statistische Bundesamt am Dienstag mitteilte. Ökonomen hatten mit minus 1,5 Prozent gerechnet. Für den Rückgang sorgte vor allem günstigere Energie: Deren Einfuhr …
Deutsche Einfuhrpreise sinken das fünfte Mal in Folge zum Vormonat Read More »
By Hadeel Al Sayegh DUBAI (Reuters) -Edmond de Rothschild Group, which specialises in asset management and private banking, said on Tuesday it is expanding its presence in Dubai with an advisory office as it looks to the fast-growing Middle East hub to cater to an affluent pool of clients. The Switzerland-based investment firm has obtained …
Edmond de Rothschild to open advisory office in Dubai Read More »
By Anna Ringstrom and Supantha Mukherjee STOCKHOLM (Reuters) -Swedish payments group Klarna aims to return to profit by the summer, the “buy-now, pay-later” company said on Tuesday, as it reported wider losses for 2022 but an improving performance in the fourth quarter. Klarna posted a full-year operating loss of 10.5 billion crowns ($1 billion) against …
Payments firm Klarna posts smaller Q4 loss, eyes return to profit Read More »
By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) – New Delhi city authorities have warned Uber and its rival Ola for allegedly violating local transport rules by providing two-wheeler bike taxis, a senior government official told Reuters on Tuesday. The transport department of India’s capital on Feb. 19, issued newspaper ads asking digital companies …
New Delhi city warns Uber, Ola on use of bike taxis -official Read More »
By Aziz El Yaakoubi and Hadeel Al Sayegh RIYADH/DUBAI (Reuters) -Saudi Basic Industries Corp (SABIC), one of the world’s biggest petrochemical companies, said on Tuesday its fourth-quarter net profit slumped 94% on lower average sales prices. The company posted a net income of 290 million riyals ($77.28 million) in the three-month period ended Dec. 31, …
SABIC’s quarterly profit slumps 94% on lower sales prices Read More »
LONDON (Reuters) – New post-Brexit trading arrangements agreed between Britain and the European Union are about improving the situation for the people of Northern Ireland, not any one political party, Prime Minister Rishi Sunak said on Tuesday. When asked on BBC Radio whether he would impose the new deal without the backing of Northern Ireland’s …
UK PM Sunak: New Northern Ireland deal not about any one political party Read More »
MUMBAI (Reuters) – The State Bank of India, the country’s top lender, on Tuesday said it raised $1 billion via a syndicated social loan from global banks for further lending to certain kinds of socially impactful businesses in India. The funds will be used to further lend to microfinance institutions and self-help groups, a senior …
State Bank of India raises $1 billion via syndicated social loan for further lending Read More »
By James Davey LONDON (Reuters) – British grocery inflation hit 17.1% in the four weeks to Feb. 19, another record high, dealing the latest blow to consumers struggling with a cost-of-living crisis, industry data showed on Tuesday. Market researcher Kantar said prices are rising fastest in markets such as milk, eggs and margarine. It said …
By Eduardo Baptista and Farah Master WUDAOGANG, China (Reuters) – Wang Fengqin suffered from hunger in her youth, when Mao Zedong was running China, so it brings her joy to cook a nice dinner whenever her sons visit her in the rapidly depopulating northeastern village of Wudaogang. “Come home to eat, mum can still afford …
Rust belt province got old before it got rich, as much of China will Read More »
