UK government announces slash in taxes, stock market reacts negatively
The main issue of contention during the campaign to become the new prime minister of the UK was the issue of a tax cut. A new prime minister has emerged, and the tax cut is here. However, after the announcement of the tax cuts, it is uncertain if the decision would...
Europe’s vegetable farmers warn of shortages as energy crisis bites
By Ardee NAPOLITANO and Sybille de La Hamaide BOUVINES, France (Reuters) – Emmanuel Lefebvre produces thousands of tonnes of endives on his farm in northern France annually, but this year he may abandon his crop because of the crippling energy costs required to...
European shares fall as hawkish Fed stokes slowdown fears
By Shreyashi Sanyal and Johann M Cherian (Reuters) – European shares fell on Thursday, with tech stocks sliding after the U.S. Federal Reserve delivered another jumbo-sized interest rate hike and signalled more increases in its fight against stubbornly high...
Hong Kong central bank raises rate, HSBC and Standard Chartered follow
HONG KONG (Reuters) – Hong Kong on Thursday raised its base rate by 75 basis points (bps) to 3.5%, prompting the largest commercial banks operating in the territory, including HSBC, to increase their best lending rates. HSBC was the first bank in Hong Kong to...
