Monday, 27 Jan 2025

Business

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Tariff nerves wilt stocks, Swedish crown savaged by inflation slowdown

LONDON (Reuters) – U.S. car tariff worries shunted Europe’s stocks off a four-month high on Tuesday, while Sweden’s crown was savaged by a slowdown in inflation less than two months after its central bank had dared to raise interest rates for the first time in seven years. World markets were struggling to stay positive after […]

Medtronic quarterly profit beats on strength in surgical products

(Reuters) – Medical device maker Medtronic Plc on Tuesday beat Wall Street estimates for quarterly profit, driven by higher sales in its surgical products unit and restorative therapies group. Its fast-growing minimally invasive therapies business, which makes surgical instruments and endoscopy products, brought in revenue of $2.12 billion, above analysts’ expectation of $2.08 billion. The […]

Slowdown 'significant' French rate setter warns

The slowdown of the European economy is “significant” and the European Central Bank (ECB) could change its interest rates guidance if it becomes clear the situation isn’t temporary, an ECB governing council member has said. The extent of the weakness at the end of 2018 has taken policymakers by surprise, with Italy entering recession and […]

U.S. FAA investigates Southwest over baggage weight discrepancies: WSJ

(Reuters) – The U.S. Federal Aviation Administration is investigating Southwest Airlines Co for widespread failure to accurately track the combined weight of checked bags loaded onto its jets, the Wall Street Journal reported on Monday. The U.S. aviation safety agency’s year-long civil probe found systemic and significant mistakes with employee calculations and luggage-loading practices, resulting […]

When Your Hotel Is Overbooked, You Might Be ‘Walked’ to Another

The term in the travel industry is “walked.” That’s when a hotel tells a traveler with a confirmed reservation that it does not, in fact, have an available room and instead books a room for the guest at another hotel. “Walking” is not new. According to hotel industry experts, however, it has been on the […]

Martin Lewis reveals the 5 hidden cash payouts that could net you hundreds back

Martin Lewis has just handed people they keys to reclaiming money they’re rightfully owed – but haven’t been told about. The financial guru just told viewers of the Martin Lewis Money show exactly where that cash has been stashed and how to claim it back. He revealed that millions of people across the country are […]

Gove bows to food industry pressure on reform agenda

Michael Gove, the Environment Secretary, has bowed to pressure from Britain’s food industry by agreeing to suspend a series of reforms amid protests that they are too absorbed by preparations for a no-deal Brexit. Sky News has obtained a letter sent by Mr Gove to dozens of trade associations in which he agrees to delay […]

Facebook Targeted in Scathing Report by British Parliament

LONDON — After 18 months investigating Facebook and online misinformation, a British parliamentary committee issued a scathing report on Monday, accusing the company of breaking data privacy and competition laws and calling for new regulations to rein in the technology industry. Repeated scandals involving Facebook and other tech companies demand more government oversight, the committee […]

World stocks lifted to 2-1/2 month highs by trade optimism

London (Reuters) – Hopes of progress in Sino-U.S. trade talks and expectations of policy stimulus from central banks lifted world stocks to 2-1/2 month highs on Monday, though European gains were dampened by concerns over the car sector’s outlook. MSCI’s All-Country World Index rose 0.3 percent after Japan’s Nikkei closed up 1.8 percent at its […]