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International

  • UK retailer Mothercare could cut up to 500 jobs – Times of London

    British baby goods retailer Mothercare plc could cut as many as 500 customer service adviser roles as part of its restructuring plans, according to the Times of London. Mothercare plans to reduce the hours of staff who work 24 hours or more every...

  • Prices drop despite undersupplied system and Ukraine crisis over gas

    British wholesale natural gas prices dropped yesterday as Russian gas to Western Europe continued to flow through Ukraine despite an export halt by Moscow since Monday and a pipeline explosion on Tuesday. Gas prices for delivery the next day were...

  • Down on its luck: time to bet on France?

    Down on its luck: time to bet on France?

    A flatlining economy. The weakest profit margins in Europe. Stubbornly high labour costs despite the record unemployment that helped bring the hard-right National Front out on top in last week’s EU election. Why would anyone invest in French...

  • Pressure mounts at Tesco as British sales slide worsens

    Pressure mounts at Tesco as British sales slide worsens

    Tesco, Britain’s biggest retailer, posted the worst quarterly drop in underlying sales in its key home market since chief executive Phil Clarke took the helm in 2011, raising further questions over his trading strategy. Clarke is two years into a...

  • Bank of England reshuffle may help Carney on rates at first

    Bank of England reshuffle may help Carney on rates at first

    A shake-up of Britain’s top monetary policymakers, which started this week, caps a year of change at the Bank of England under Governor Mark Carney and might help him withstand growing pressure to raise interest rates. Adding to a host of new...

  • US sets new import duties on Chinese solar products

    US sets new import duties on Chinese solar products

    The US slapped new import duties on solar panels and other related products from China after the Commerce department ruled they were produced using Chinese government subsidies, potentially inflaming trade tensions between the two countries. The...

  • Netflix to launch in six European countries this year

    Netflix to launch in six European countries this year

    Netflix Inc will launch its online movie and TV subscription service later this year in France, Germany and four other European countries, in a major push into new markets. The other new countries Netflix will enter in late 2014 are Austria,...

  • BOJ offers brighter view on capex

    BOJ offers brighter view on capex

    The Bank of Japan kept monetary policy steady and raised its assessment on capital expenditure yesterday, reassured by growing evidence the economy can withstand the pain from a sales tax hike without additional monetary stimulus. Governor...

  • UK economy picking up speed

    Britain’s economic recovery is gaining momentum but Bank of England policy-makers held different views about the amount of slack in the economy and the medium-term inflation outlook, minutes from their April 9 meeting showed. The bank reckons the...

  • ECB plan could boost shares in Europe’s weakest companies

    ECB plan could boost shares in Europe’s weakest companies

    Shares in some of Europe’s least profitable and most indebted companies are set to outperform in the coming months if the European Central Bank starts buying corporate bonds to fight the threat of deflation. The ECB has opened the door to the...

  • Japan, United States face off in crucial trade negotiations

    Japan, United States face off in crucial trade negotiations

    Japan and the United States yesterday began a round of crucial talks aimed at concluding a trade pact seen as critical to the success of regional negotiations, although officials warned that bridging differences would be difficult. Tokyo and...

  • European policymakers seek to reshape bundled debt market

    European policymakers are drawing up plans to revive the market for repackaged debt in a bid to lure investors back to a sector that was at the heart of the worst financial crisis in a generation. Securitisation is seen as key to helping banks...

  • GlaxoSmithKline throws in the towel

    GlaxoSmithKline has stopped a high-profile clinical trial using a novel vaccine to fight lung cancer after deciding it could not find a sub-group of patients who might benefit. The decision comes less than two weeks after GSK said the MAGE-A3...

  • Domino’s Pizza sales rise as hungry Brits snap up promotions

    Domino’s Pizza sales rise as hungry Brits snap up promotions

    Domino’s Pizza, Britain’s biggest pizza delivery firm, said it was close to naming its new boss as it posted a 10.8 per cent rise in first-quarter UK underlying sales. The company said yesterday that sales at UK stores open over a year rose 10.8...

  • UK heads for Lloyds exit by 2015 after £4.2bn share sale

    UK heads for Lloyds exit by 2015 after £4.2bn share sale

    The UK government has sold £4.2 billion worth of shares in Lloyds Banking Group to cut its stake in the country’s largest retail bank to under 25 per cent and putting it on course for a complete exit in the next year. Finance Minster George...

  • Lufthansa cancels 600 flights today due to strike plans

    Lufthansa, Germany’s largest airline, said it had cancelled around 600 flights – about a third of its services – today due to a planned strike by public-sector workers across the country’s airports. Trade union Verdi called on ground staff,...

  • China in talks with Airbus on possible $20bn deal – Sources

    China in talks with Airbus on possible $20bn deal – Sources

    China is in talks to buy at least 150 Airbus passenger jets potentially worth $20 billion when Xi Jinping pays his first visit to Europe as president at the end of this month, people familiar with the matter told Reuters. In a broad-ranging deal...

  • China signals focus on reforms and leaner, cleaner growth

    China signals focus on reforms and leaner, cleaner growth

    China sent its strongest signal yet that its days of chasing breakneck economic growth were over, promising to wage a “war” on pollution and reduce the pace of investment to a decade-low as it pursues more sustainable expansion. In a State of the...

  • Sluggish eurozone recovery confirmed in fourth quarter

    Rising exports and a gradual improvement in investments were behind the eurozone’s stronger-than-expected growth in the last quarter of 2013, data showed yesterday. The €9.5-trillion economy rose by 0.3 per cent in the October-to-December period,...

  • Nowotny eyes ‘self-correction’ of low inflation, strong euro

    Nowotny eyes ‘self-correction’ of low inflation, strong euro

    Low eurozone inflation and the strong euro could both start to self-correct this year without requiring any action from the European Central Bank, one of its policymakers Ewald Nowotny said in an interview. Speaking to Reuters on Tuesday the...

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