LONDON (Reuters) -British supermarket group Sainsbury’s said on Wednesday it would raise pay for its 127,000 hourly paid workers to at least 11 pounds ($13.24) an hour from February as it looks to attract and retain staff in a tight labour market. Britain’s second largest grocer after Tesco, and one of the country’s biggest private …
(This Jan. 3 story has been corrected to fix the period of the reduced production forecast from midyear to March 2022, in the fourth paragraph) By Paul Lienert and Akash Sriram (Reuters) – Electric vehicle maker Rivian Automotive barely missed its full-year production target of 25,000 vehicles in 2022, the company said in a filing …
Rivian stock less bruised than Tesla as both miss EV targets Read More »
PARIS (Reuters) – Two climate activists spray-painted the front entrance of the French prime minister’s office on Wednesday in protest at what campaign group Derniere Renovation (Last Renovation) called “climate crimes” committed by the state. Video of the protest action seen by Reuters showed police arresting the two activists, who wore T-shirts with the slogan …
Climate activists spray-paint entrance to French PM’s office Read More »
LONDON (Reuters) – Britain will scrap a plan to sell Channel 4 and instead give the broadcaster more commercial flexibility to help underpin its long-term future, Media Secretary Michelle Donelan said in a letter published by The News Agents podcast. The sale of Channel 4, which is funded by advertising and receives no public money, …
Britain scraps plan to sell Channel 4 – leaked letter Read More »
By Bansari Mayur Kamdar (Reuters) -European shares extended gains on Wednesday as a lower inflation reading from France, the euro zone’s second-biggest economy, and better-than-expected business activity data boosted sentiment. The pan-European STOXX 600 rose 0.8%, while France’s CAC 40 added 1.3%. Data on Wednesday showed euro zone business activity contracted less than initially thought, …
Upbeat economic data powers European shares to third day of gains Read More »
LONDON (Reuters) – The British public’s expectations for future inflation fell last month, according to a survey from Citi and YouGov which the U.S. bank said showed a reduced risk that a recent 41-year high in inflation would become entrenched. The BoE closely watches surveys of households’ inflation expectations, as it believes they can offer …
UK public’s inflation expectations fell in December: Citi/YouGov Read More »
By Andy Bruce LONDON (Reuters) -Britain’s housing market slowed dramatically in November and people ramped up borrowing on credit cards, according to Bank of England data on Wednesday that underscored the effects of rising interest rates and the cost-of-living crisis. British lenders approved 46,075 mortgages in November, down from 57,875 in October and marking the …
UK housing market stalls, credit card borrowing accelerates: BoE data Read More »
By Katharine Jackson and Steve Gorman WASHINGTON (Reuters) -Former U.S. astronaut Walter Cunningham, who flew to space aboard Apollo 7 in 1968 on the inaugural crewed Apollo mission that paved the way for the first human moon landing nine months later, died on Tuesday at age 90, NASA said. Cunningham joined crewmates Walter Schirra and …
Former astronaut Cunningham, member of first crewed Apollo flight, dies at age 90 Read More »
BRASILIA (Reuters) – Norway, the major donor to the Amazon Fund, said the initiative for backing forest protection had been re-activated now that Brazilian President Luiz Inacio Lula da Silva was back in office and vowing to halt deforestation. “Brazil’s new President has signaled a clear ambition to stop deforestation by 2030,” Norwegian Minister of …
Norway says fund to reduce Amazon deforestation in Brazil back in business Read More »
By David Milliken LONDON (Reuters) – Fresh food prices at British supermarkets in early December were 15.0% higher than a year earlier, the biggest annual increase since at least 2005 when records started, figures from the British Retail Consortium (BRC) showed on Wednesday. British households were hit hard by a soaring cost of living in …
UK fresh food prices surge 15% in year to December: BRC Read More »
