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UK budget think tank warns future PM against big tax cuts

UK budget think tank warns future PM against big tax cuts

By David Milliken LONDON (Reuters) – Britain’s next prime minister will not have room to make large, permanent tax cuts, t..

European shares up on energy boost, but inflation caps gains

European shares up on energy boost, but inflation caps gains

By Anisha Sircar and Shreyashi Sanyal (Reuters) -European shares rose on Thursday with a boost from oil stocks, but lagged other major..

India eases Russian oil buying in July, boosts Saudi imports -trade

India eases Russian oil buying in July, boosts Saudi imports -trade

By Nidhi Verma NEW DELHI (Reuters) – India’s crude oil imports from Russia in July fell for the first time since March alo..

Russian Urals crude oil prices jump ahead of EU embargo

Russian Urals crude oil prices jump ahead of EU embargo

By Julia Payne LONDON (Reuters) – Russia’s key crude oil grade, Urals, has been trading at levels not seen in Europe since..

China’s Tencent reports first revenue drop as gaming regulations and COVID-19 bite

China’s Tencent reports first revenue drop as gaming regulations and COVID-19 bite

By Josh Ye HONG KONG (Reuters) -China’s Tencent Holdings suffered its first ever quarterly sales fall on Wednesday, hurt by a go..

Spot prices up on less solar, rising French demand

Spot prices up on less solar, rising French demand

PARIS (Reuters) – European spot power contracts rose on Wednesday, as solar supply in Germany is expected to fall while demand i..

Norway’s wealth fund loses record $174 billion in first half of 2022

Norway’s wealth fund loses record $174 billion in first half of 2022

By Victoria Klesty OSLO (Reuters) -Norway’s sovereign wealth fund, the world’s largest, made a record loss of 1.68 trillio..

Analysis-China central bank, under pressure to ease, is hemmed-in by inflation, Fed jitters

Analysis-China central bank, under pressure to ease, is hemmed-in by inflation, Fed jitters

By Kevin Yao BEIJING (Reuters) – China’s central bank is set to take more easing steps, pressured by a shaky economy that ..

European bourses steady as focus remains on key economic data

European bourses steady as focus remains on key economic data

By Anisha Sircar (Reuters) – European shares on Wednesday were little changed amid persisting recession fears, with investors ey..

FTSE 100 subdued as UK inflation hits double digits

FTSE 100 subdued as UK inflation hits double digits

By Sruthi Shankar and Johann M Cherian (Reuters) -UK’s FTSE 100 was muted on Wednesday after data showed inflation hit double di..