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Euro zone government bond yields edged higher but stayed significantly below their multi-year highs as concerns about systemic risk and economic slowdown drove investors to lower bets on terminal rates. Lingering hopes of a less aggressive monetary policy stance are likely to fade if inflation keeps surprising on the upside and the economy shows some strength. Meanwhile, a sharp rate rise from New Zealand's central bank is a reminder that major central banks remain in monetary tightening mode.
Germany's services sector shrank in September slightly more than initially expected as inflation and growing uncertainty hit demand, a survey showed on Wednesday, adding to signs that Europe's biggest economy may be heading for recession. S&P Global's final German services purchasing managers' index (PMI) for September fell to 45.0, slightly below a flash September PMI reading of 45.4, released on Sept. 23. Inflows of new business fell last month at the fastest rate since the first economic shock caused by the pandemic, and inflation worries accelerated towards the end of the third quarter, hitting demand, as Europe's energy crisis intensified.
Elon Musk revives deal to buy Twitter in climbdown Rees-Mogg attacks ‘idiotic’ green levies on UK steel industry FTSE 100 opens 0.6pc lower Ambrose Evans-Pritchard: Europe is next or market punishment Sign up here for our daily business briefing newsletter
OTC Probiotics Supplement Market OTC Probiotics Supplement Market Dublin, Oct. 05, 2022 (GLOBE NEWSWIRE) -- The "OTC Probiotics Supplement Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.The global OTC probiotic supplements market is expected to grow at a CAGR of 13.79% over the forecast period to reach a total market size of US$23.367 billion by 2027, increasing from US$9.462 billion in 2020. OTC probiotic supplements include all types of supplem
S&P Global said its final French services purchasing managers index (PMI) rose to 52.9 points in September from 51.2 in August, which had marked a 16-month low. The final September figure was slightly below a flash forecast of 53.0 points.
One of President Vladimir Putin's top allies said on Wednesday that the sabotage of the Nord Stream offshore gas pipelines resembled the U.S. Central Intelligence Agency-backed attacks on oil infrastructure in Nicaragua in 1983. Nord Stream 1 and Nord Stream 2 offshore gas pipelines, which run from Russia to Germany on the bed of the Baltic Sea, were ruptured last month in what Moscow said was an act of "international terrorism". President Vladimir Putin on Friday blamed the United States and its allies for blowing up the undersea Nord Stream pipelines, allegations rejected by Washington.
An ultimate guide to the Glacier Express in Switzerland: the best way to ride the Glacier Express route and how to get Glacier Express tickets.
Ontario's Office of the Fire Marshal says it's one step closer to deducing what caused this past January's deadly blast at Eastway Tank, Pump & Meter Ltd. in Ottawa, but it's unclear when its findings will be shared publicly. "We're down to, let's say, a couple hypotheses as to what may have caused the explosion," said Mike Rushton, the fire marshal's lead investigator on the Eastway Tank incident. Six employees were killed at the tanker manufacturers' east Ottawa site after an explosion on Jan.
British shoppers are trading down to own label products and frozen food, and buying less non-food goods, as a result of the cost-of-living crisis, the head of Britain's biggest retailer Tesco said on Wednesday. "We are seeing more frequent shops, smaller basket sizes and less shopping online," Ken Murphy told reporters. Murphy also highlighted a reduction in general merchandise and clothing sales.
A steepening drop in euro zone business activity last month will likely put paid to any hopes the currency union avoids recession, just as elevated inflation puts pressure on the European Central Bank to act, a survey showed. S&P Global's final composite Purchasing Managers' Index (PMI) for the euro zone, seen as a good gauge of economic health, fell to a 20-month low of 48.1 in September from August's 48.9, below a preliminary 48.2 estimate. "Any hopes of the euro zone avoiding recession are further dashed by the steepening drop in business activity signalled by the PMI," said Chris Williamson, chief business economist at S&P Global Market Intelligence.
Supreme Court decisions feed common myth that our country is, or should be, a 'Christian nation.' Don't tear down the wall between church and state.
Colorado officials believe they have the right to tell us what to communicate as artists. And if we don’t agree with the state’s views? Coercion.
A growing number of US Latinos seeking a connection to their culture are returning to Latin American countries where they or their parents were born.
Documentary celebrates maverick musician once ridiculed for championing causes that have since become mainstream
The author’s objective, on-the-ground diaries are packed with surprising details about the human effects of the invasion
The Bills are becoming a case study in how property deals get struck between power brokers and politicians, laying bare the question of what, if anything, a team owes its community
MONTREAL — After Monday night's provincial election results, Montreal shows up on Quebec's election map as a small red-and-orange island in a sea of light blue. The blue represents François Legault's Coalition Avenir Québec, which surged to a 90-seat majority in the 125-seat legislature. But as ridings around the province fell to Legault's centre-right party, Montreal voters largely stuck to the Opposition Quebec Liberals and to left-wing Québec solidaire -- the red and orange on the map. And wi
The daughter of an Igloolik woman who died in Iqaluit's hospital says nurses tagged and wrapped her mother's body in plastic in front of her — and then left her body in the morgue for nine days while the family waited to find out when her body would be sent home for burial. Jeela Palluq-Cloutier, the daughter of Eunice Palluq, is calling for an apology from Nunavut's health department over the treatment of Palluq's body. Eunice, 75, was medevac'd to Iqaluit from Igloolik in August. She died Sept
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