Red hot U.S. inflation print rattles stocks

LONDON — European markets pulled back on Friday after a hotter-than-expected US inflation print and hawkish remarks from a Federal Reserve official cemented expectations of more aggressive interest rate hikes. The pan-European Stoxx 600 fell 0.9% by late morning deals, with travel and leisure stocks shedding 1.7% to lead losses as almost all sectors and … Read more

UK’s Johnson cites ‘a dangerous moment’ in Ukraine crisis

MOSCOW (AP) — British Prime Minister Boris Johnson said Thursday the Ukraine crisis has grown into “the most dangerous moment” for Europe in decades, while his top diplomat held here talks with his Moscow counterpart who said the Kremlin won’t accept lectures from the West. Amid the deadlock, Russian forces held sweeping maneuvers north of … Read more

big loss as litigation costs bite

A sign above the entrance to the Credit Suisse Group AG headquarters in Zurich, Switzerland, on Monday, Nov. 1, 2021. Thi My Lien Nguyen | Bloomberg | Getty Images LONDON — Credit Suisse on Thursday announced that it swung to a loss in 2021, after a tumultuous year led to a significant increase in litigation … Read more

European markets buoyant ahead of U.S. inflation data; Stoxx 600 up 1%

LONDON — European stocks advanced on Wednesday morning, tracking global gains as investors await key US inflation data due to be released Thursday. The pan-European Stoxx 600 added 1% in early trade, with tech stocks climbing 2.1% to lead gains as most sectors and major Bourses entered positive territory. Basic resources slipped 0.6%. Earnings were … Read more

Super-gonorrhoea is back: Health chiefs spot another three cases of antibiotic-resistant STI

Super-gonorrhoea is back: Health chiefs spot another three cases of antibiotic-resistant STI Health chiefs said woman in her 20s from London was diagnosed with superbug And a couple, also in their 20s, from the Midlands were found to be infected Health chiefs warned it was too soon to say if the strain was spreading in … Read more