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Analysis: Why us? Italy wants to get out of the trap of the low-wage economy

  • Post published:June 18, 2022
  • Post category:Economy
  • Reading time:13 mins read

Italy, the only European country where wages have fallen since 1990Tried to compete with Asia by cutting costsMost new jobs on temporary, low-paying contractsThe country has no minimum wageROME, June…

Continue ReadingAnalysis: Why us? Italy wants to get out of the trap of the low-wage economy

Hackers Crash the Internet as ‘Russian Davos’ Adapts to New Reality

  • Post published:June 17, 2022
  • Post category:Technology
  • Reading time:10 mins read

Russian companies make a splash but Western companies missDeputy PM talks about 'painful' move to own techEnergy giant seeks public funds amid high gas pricesJune 17 (Reuters) - Hackers delayed…

Continue ReadingHackers Crash the Internet as ‘Russian Davos’ Adapts to New Reality

Shock Swiss rate hike unnerves markets ahead of BOJ

  • Post published:June 17, 2022
  • Post category:Market
  • Reading time:10 mins read

Pedestrians are reflected in a window in front of a chart displaying share prices at the Australian Securities Exchange (ASX) in Sydney, Australia, February 9, 2018. REUTERS/David Gray/File PhotoJoin now…

Continue ReadingShock Swiss rate hike unnerves markets ahead of BOJ

Ferrari says going electric means ‘even more unique’ cars

  • Post published:June 17, 2022
  • Post category:Business
  • Reading time:9 mins read

Plans to launch 15 new models between 2023 and 2026100% electric cars will represent 40% of sales in 2030Plans to invest 4.4 billion euros by 2026Sees an EBITDA of 2.5…

Continue ReadingFerrari says going electric means ‘even more unique’ cars

European central banks raise interest rates to fight soaring inflation

  • Post published:June 16, 2022
  • Post category:Business
  • Reading time:9 mins read

The SNB unexpectedly increases by half a percentBank of England raises rates by 25 basis pointsHungary unexpectedly raises one-week deposit rateInflation painfully high and not yet at its peakBERN/LONDON, June…

Continue ReadingEuropean central banks raise interest rates to fight soaring inflation

Swiss National Bank hikes rates in shock move, ready for more

  • Post published:June 16, 2022
  • Post category:Business
  • Reading time:10 mins read

The Swiss National Bank (SNB) building is pictured in Bern, Switzerland June 16, 2022. REUTERS/Arnd WiegmannJoin now for FREE unlimited access to Reuters.comRegisterSNB raises rates for the first time since…

Continue ReadingSwiss National Bank hikes rates in shock move, ready for more

Russian gas flows to Europe plummet, hampering attempts to restock stores

  • Post published:June 16, 2022
  • Post category:Business
  • Reading time:11 mins read

A train passes oil tanks at the NNK-Primornefteproduct oil depot in the Far Eastern port of Vladivostok, Russia June 11, 2022. REUTERS/Tatiana MeelJoin now for FREE unlimited access to Reuters.comRegisterNord…

Continue ReadingRussian gas flows to Europe plummet, hampering attempts to restock stores

IKEA puts Russian factories up for sale, plans job cuts

  • Post published:June 16, 2022
  • Post category:Business
  • Reading time:8 mins read

Stores in Russia will remain closedWill seek to sell factoriesAims to reduce the workforce by 15,000 peopleIngka's 14 "MEGA" shopping centers in Russia will remain openSTOCKHOLM, June 15 (Reuters) -…

Continue ReadingIKEA puts Russian factories up for sale, plans job cuts

Column: Goldman triggers a battle between bears and bulls on the lithium market

  • Post published:June 16, 2022
  • Post category:Market
  • Reading time:14 mins read

LONDON, June 15 (Reuters) - Is the white-hot lithium market about to be plunged into a cold, cyclical rain of excess supply?Goldman Sachs thinks so."We expect lithium prices to continue…

Continue ReadingColumn: Goldman triggers a battle between bears and bulls on the lithium market

Analysis: Market crash exposes Europe’s divisions

  • Post published:June 16, 2022
  • Post category:Market
  • Reading time:11 mins read

Market rout highlights Europe's Achilles heelECB tries to restore confidence dampened by soaring pricesMinisters are deadlocked over a decade-old plan to support banksLONDON, June 16 (Reuters) - A market sell-off…

Continue ReadingAnalysis: Market crash exposes Europe’s divisions
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