Reuters - Squid Business

Analysis-Italy’s growth bubble bursts to reveal fragile outlook

By Gavin Jones ROME (Reuters) – Italy’s growth rebound from the COVID-19 pandemic is petering out much faster than expected as structural weaknesses resurface, raising risks for the fragile public finances of the euro zone’s third largest economy. After gross domestic product unexpectedly stagnated in the third quarter, national statistics bureau ISTAT said this month …

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Investor allocations to US equities at record high, to cash at record low, BofA says

LONDON (Reuters) – Investor allocations to U.S. equities has hit a record high this month, at the expense of European stocks, commodities and cash, according to a December survey from BofA Global Research. This shift, according to a survey of 171 participants with $420 billion of assets under management, is on the back of U.S. …

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UN investigative body hopes to send team to Syria to secure evidence

GENEVA (Reuters) – The head of a U.N. investigative body has written to Syria’s new authorities to express a willingness to engage with them and to travel to Syria to secure evidence that could implicate top officials of the former government, he said on Tuesday. Rebels swept President Bashar al-Assad from power this month, flinging …

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Rupee hits record low on widening trade deficit, weakness in local equities

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee weakened to its lifetime low on Tuesday, hurt by concerns about a widening trade deficit and likely outflows from local equities, although intervention by the central bank capped losses. The rupee hit a low of 84.93 against the U.S. dollar, before closing at 84.8950, down 0.04% …

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Sterling gets a lift from hotter UK wage growth

By Amanda Cooper LONDON (Reuters) – The pound rose on Tuesday, supported by data that showed UK wage growth picked up more than expected in the three months to October, which in turn raises the chances that the Bank of England will not rush to cut rates next year. Average weekly earnings, excluding bonuses, were …

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Equinor, partners combine two planned UK offshore wind projects

OSLO (Reuters) – Norway’s Equinor and partners have agreed to join two planned offshore wind projects in Britain into one legal entity, in a move it said would be more cost-effective and help to minimise the environmental impact. The projects are extensions to the operational Sheringham Shoal and Dudgeon Offshore Wind Farms, which currently power …

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Oil dips on demand concerns, focus on Fed meeting

By Paul Carsten LONDON (Reuters) -Oil prices were down on Tuesday as China’s economic data renewed demand concerns, while investors remained cautious ahead of the U.S. Federal Reserve’s interest rate decision. Brent crude futures eased 32 cents to $73.59 a barrel at 0949 GMT, while U.S. West Texas Intermediate crude was down 44 cents at …

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Cricket-Australia frustrated as India avoid follow-on in Gabba test

By Ian Ransom (Reuters) -Jasprit Bumrah and Akash Deep mounted a defiant 10th wicket stand to help India avoid the follow-on on day four of the third test in Brisbane on Tuesday as Australia’s slight hopes of victory were further diminished by an injury to Josh Hazlewood. Opener KL Rahul and recalled all-rounder Ravindra Jadeja …

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Exclusive-Congo files criminal complaints against Apple in Europe over conflict minerals

By Sonia Rolley PARIS (Reuters) – The Democratic Republic of Congo has filed criminal complaints against Apple subsidiaries in France and Belgium, accusing the tech firm of using conflict minerals in its supply chain, lawyers for the Congolese government told Reuters. Congo is a major source of tin, tantalum and tungsten, so-called 3T minerals used …

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Lamborghini delays first EV launch to 2029 as market not ready

(This Dec. 16 story has been corrected to fix the timing of Ferrari’s EV launch in paragraph 2) SANT’AGATA BOLOGNESE, Italy (Reuters) – Italy’s Lamborghini will always make cars in Italy as it plans to launch its first electric model only in 2029, amid a market for luxury sports cars which is not ripe for …

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