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Italy hits banks with 40% windfall tax for 2023
By Angelo Amante, Federico Maccioni and Giuseppe Fonte ROME (Reuters) -Italy has approved a one-off 40% tax on profits banks reap from higher interest rates and it plans to use proceeds to help mortga...
Syndicated Content Aug 08, 2023
Euro zone consumers expect lower inflation, sluggish housing prices – ECB poll
FRANKFURT (Reuters) - Euro zone consumers expect inflation to keep slowing in the next months and years but remain pessimistic about their purchasing power and house prices, a European Central Bank su...
Syndicated Content Aug 08, 2023
Investors bet on state-backed developers as Chinese property begins recovery
By Li Gu and Summer Zhen SHANGHAI/HONG KONG (Reuters) - Investors betting on recovery in China's battered property sector are favouring the stocks and bonds of state-backed firms that are more likely ...
Syndicated Content Aug 08, 2023
Exclusive-Defying war risk, European traders store gas in Ukraine
By Jan Lopatka and Marek Strzelecki PRAGUE/WARSAW (Reuters) - European gas traders have begun storing natural gas in Ukraine to take advantage of lower prices and available capacity there, regardless ...
Syndicated Content Aug 08, 2023
Australian $100 billion pension fund says active in Japan, neutral on China
By Lewis Jackson and Praveen Menon SYDNEY (Reuters) - Australia's third largest pension fund will stay active in Japanese markets in the coming months and is neutral about China despite growing invest...
Syndicated Content Aug 08, 2023
No quick fix to reverse Antarctic sea ice loss as warming intensifies – scientists
By David Stanway SINGAPORE (Reuters) - Sea ice in the Antarctic region has fallen to a record low this year as a result of rising global temperatures and there is no quick fix to reverse the damage do...
Syndicated Content Aug 08, 2023
Video-gaming revenue to grow 2.6% in 2023 on console sales strength – report
By Akshita Toshniwal (Reuters) - Global video-games market would return to growth in 2023 on the back of strong sales of consoles such as Sony's Playstation 5, according to gaming market research firm...
Syndicated Content Aug 08, 2023
Landslides, floods kill 38 so far as monsoon rains lash Nepal
By Gopal Sharma KATHMANDU (Reuters) - Landslides caused by heavy rain have killed at least one person, and blocked a major highway in Nepal this week, officials said on Tuesday, as the death toll from...
Syndicated Content Aug 08, 2023
European stocks dip as Italian banks, downbeat data weigh
(Reuters) - European shares dropped on Tuesday, as Italian banks came under pressure after the cabinet approved a 40% windfall tax on lenders, while sticky inflation print from Germany and weak China ...
Syndicated Content Aug 08, 2023
Nigerian producer pumps out AI-powered Afrobeats
By Vining Ogu LAGOS (Reuters) - When artificial intelligence (AI) apps started spreading in Nigeria's music industry, Eclipse Nkasi thought his days as a producer were numbered. Then he took a step ba...
Syndicated Content Aug 08, 2023
Peoria, IL, USA
75 °F Light Rain
