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Czech central bank shocks with 75 basis-point interest rate increase
By Robert Muller and Jan Lopatka PRAGUE (Reuters) -The Czech National Bank (CNB) raised its main rate by 75 basis points on Thursday, an even heftier policy tightening than markets and analysts had ex...
Syndicated Content Sep 30, 2021
Workhorse Group announces CFO departure
(Reuters) - Electric vehicle maker Workhorse Group said on Thursday its Chief Financial Officer Steve Schrader has left the company, and that Greg Ackerson has been appointed interim CFO. (Reporting b...
Syndicated Content Sep 30, 2021
KBA orders recall of 200,000 VW T6 multivans over door-locking mechanism
FRANKFURT (Reuters) - Germany's motor vehicle authority (KBA) has ordered a recall of about 200,000 Volkswagen T6 multivans that were built between 2019 and 2021, it said on Thursday. The KBA said tha...
Syndicated Content Sep 30, 2021
German inflation accelerates at record pace in September
BERLIN (Reuters) - German inflation accelerated at a record pace in September, data showed on Thursday, underlining growing price pressures as Europe's largest economy recovers from the pandemic and i...
Syndicated Content Sep 30, 2021
U.S. weekly jobless claims rise; second quarter GDP revised higher
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits increased last week for the third straight week, which could raise concerns that the labor market was softeni...
Syndicated Content Sep 30, 2021
British Museum accepts Nigerian artist’s gift but keeps looted bronzes
By Estelle Shirbon LONDON (Reuters) - The British Museum has accepted a bronze plaque made by an artist from Benin City in Nigeria, who said he felt this was a possible first step towards the museum's...
Syndicated Content Sep 30, 2021
Continental restructures technology unit, downsizes board
BERLIN (Reuters) - German car parts maker Continental announced plans for a restructuring that will combine from the start of next year business activities around connectivity, mobility, and high-perf...
Syndicated Content Sep 30, 2021
Hedge fund Elliott builds stake in Toshiba – FT
(Reuters) - Activist investor Elliott Management has built a stake in Japan-based Toshiba Corp, the Financial Times reported on Thursday, citing people with direct knowledge of the matter. Toshiba did...
Syndicated Content Sep 30, 2021
Virgin Atlantic delays IPO plan until early 2022 -source
LONDON (Reuters) - Virgin Atlantic, the British airline founded by billionaire Richard Branson, has delayed its plan to list until early 2022 to focus on the reopening of the transatlantic market, sai...
Syndicated Content Sep 30, 2021
Ireland doubles 2021 economic growth forecast, budget plans unchanged
DUBLIN (Reuters) - Ireland's finance ministry on Thurdsay doubled its forecast for economic growth and for expansion in domestic demand this year, citing a very strong economic recovery from disruptio...
Syndicated Content Sep 30, 2021
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