UK retail sales slide again in October in new blow for economy
People shop on Oxford Street in London, Britain April 10, 2023. REUTERS/Anna Gordon/File Photo Acquire Licensing RightsUK retail sales dip...
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European shares fall after three days of gains; HelloFresh tumbles
A TV presenter gets ready for the daily reporting from the floor of the German share price index DAX at the stock exchange in Frankfurt, Germany, November 15, 2023. REUTERS/Staff Acquire Licensing RightsBurberry down on revenue, profit warning; peers fallHelloFresh dives to STOXX 600 bottom after outlook cutSiemens jumps after 'solid' Q4STOXX 600 down 0.7%, Germany's DAX up 0.2%Nov 16 (Reuters) - Europe's benchmark index fell on Thursday, dragged down by energy stocks, following a three-day run of gains on hopes for a peak in interest rate policy tightening and...
US Fed proposes shrinking fees banks charge on debit card transactions
An eagle tops the U.S. Federal Reserve building's facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWASHINGTON, Oct 25 (Reuters) - The U.S. Federal Reserve on Wednesday proposed slashing by nearly a third the amount of so-called "swipe fees" banks can charge merchants for processing debit-card transactions, setting up a pitched battle between the two industries over potentially billions of dollars in revenue.Citing data that showed the costs of processing such transactions had fallen by roughly half in recent years, the Fed proposed cutting the current cap...
Britain’s food banks brace for worst winter yet
Volunteers cart food donations from a local food bank through the Carpenters Estate in Stratford in east London, Britain, March...
Walmart staffed up for holidays; US retailers cautious about economy
An employee checks on a Christmas display at a Walmart store in Chicago, Illinois, U.S. November 23, 2016. REUTERS/Kamil Krzaczynski/File...
US banks, tech firms offer support for Israel victims, announce aid
Oct 13 (Reuters) - As big U.S. corporations kicked off corporate earnings season this week, executives addressed the Israel-Hamas conflict and some companies launched fundraising efforts."I just want to say how deeply saddened that we all are about the recent horrific attacks on Israel ... Terrorism and hatred have no place in our civilized world," JPMorgan Chase (JPM.N) CEO Jamie Dimon said on a post-earnings call before diving into results.He warned that the war in Ukraine, compounded by the attacks on Israel, could have "far-reaching impacts on energy and food...
No let up for rivals as Aldi UK steps up investment
A shopper walks inside an ALDI supermarket near Altrincham, Britain, February 20, 2023. REUTERS/Phil Noble/File Photo Acquire Licensing RightsTo invest...
Analysis: Investors call ‘peak pessimism’ for beaten-up UK stocks
Investors see improvements for UK consumer economyInflation has claimed retail scalps, but easingUK stocks still hobbled by weak interest at...
Morning Bid: Banking news unnerves ahead of US CPI
A shopper wearing a face mask due to the coronavirus disease (COVID-19) pandemic browses toys at a Target store in...
US trucking firm Yellow files for bankruptcy, blasts Teamsters
Company to wind down operationsThousands of workers at riskYellow intends to pay back U.S. government loanAug 7 (Reuters) - Some 30,000 workers at Yellow Corp (YELL.O) were looking for jobs on Monday after the major trucking company filed for Chapter 11 bankruptcy protection, potentially saddling U.S. taxpayers with losses from a government rescue of the long-troubled carrier.The nearly 100-year-old company, which halted operations on July 30, has been a dominant player in the "less-than-truckload" segment that hauls cargo for multiple customers on a single truck.It laid blame for the bankruptcy,...