Growth in Britain’s private sector held steady in the three months to October after weakening recently, and the inflation hit to consumers and Brexit concerns for companies mean growth will probably stay modest, an industry survey showed. The Confederation of British Industry’s monthly indicator of output for manufacturers, retailers and services companies remained at +11, […]
Read More Britain’s FTSE sealed its best monthly gains since May on Tuesday as a series of upbeat earning updates including from oil major BP helped it rebound and end October on a high. The internationally-exposed FTSE 100 inched up 0.1 percent, closing at 7,493.08 points after a 0.2 percent fall on Monday when strength in the […]
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The UK economy unexpectedly accelerated in the third quarter, upping the pressure on the Bank of England to hike interest rates next month. The Office for National Statistics (ONS) said gross domestic product (GDP) grew by 0.4% in its initial estimate for July to September this year. The rise is above expectations of 0.3%, as […]
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By Paul Lienert and Joseph White (Reuters) – Delphi Automotive Plc said on Tuesday it will buy self-driving car software startup nuTonomy for $450 million, helping to put automated vehicles using its technology into commercial use in 2019, a year earlier than planned. Delphi and nuTonomy have been testing automated vehicles in Singapore, where regulators […]
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By Daina Beth Solomon MEXICO CITY (Reuters) – Amazon.com Inc <AMZN.O> launched a cash payment service in Mexico on Tuesday, aiming to expand its customer base in a country where shoppers are wary of credit card fraud and often earn their living in paper currency. The strategy could also help it to win market share […]
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NEW YORK (Reuters) – AT&T Inc’s quarterly results missed Wall Street estimates as the U.S. No. 2 wireless carrier lost video subscribers to traditional and online TV competitors and fewer of its existing customers upgraded their devices ahead of Apple Inc’s launch of the iPhone X. The battle for the growing market in providing video […]
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LONDON (Reuters) – British travelers could face higher train fares and disruption to services if controversial weedkiller glyphosate is banned, a study said on Tuesday, in a move that could cost the rail industry millions of pounds each year. The European Parliament called for the weedkiller to be phased out in the next five years […]
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(Reuters) – U.S. drugmaker AbbVie is betting on the potential of the body’s immune system to fight Alzheimer’s by signing a drug development deal worth more than $200 million with unlisted biotech company Alector. AbbVie said on Tuesday it was paying $205 million upfront and could make a further $20 million equity investment to work […]
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By MacDonald Dzirutwe HARARE (Reuters) – Robert Mugabe would have rejected the role of World Health Organization goodwill envoy had he been formally asked, his spokesman said on Tuesday, days after state media cheered the Zimbabwean president’s appointment. WHO Director-General Tedros Adhanom Ghebreyesus named Mugabe as a goodwill ambassador on Wednesday at a conference in […]
Read More NAIROBI (Reuters) – Kenya said on Tuesday it had signed an agreement with a consortium of three firms for a feasibility study on a proposed pipeline to transport crude oil from the country’s oilfields to a seaport on the Indian ocean coast. The East African country discovered commercial oil reserves in its Lokichar basin in […]
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By Estelle Shirbon LONDON (Reuters) – An attempt to change the law in Northern Ireland to allow abortions in cases of rape, incest or serious malformation of the fetus started in the UK Supreme Court on Tuesday with harrowing accounts of women’s experiences. A socially conservative province where the Catholic and Protestant faiths exert strong […]
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LONDON (Reuters) – Britain’s markets watchdog said it has opened an investigation into the hacking of U.S. credit reporting agency Equifax, which affected nearly 700,000 UK citizens. “The Financial Conduct Authority announces today that it is investigating the circumstances surrounding a cybersecurity incident that led to the loss of UK customer data held by Equifax […]
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