Newsletter Sep 15, 2022

UK inflation has eased on lower motor fuel costs but remains close to 40-year peaks, official data showed Wednesday as the nation faces more strikes over a cost-of-living crisis.

Shops shut for queen's funeral but pubs to raise glass

Not everyone is happy at the closures, with disgruntled holidaymakers forcing Center Parcs to U-turn on its decision to remove guests from its UK venues for 24 hours.

Queen Elizabeth II's funeral: What we know

The queen's final resting place will be the King George VI memorial chapel, which is an annex to the main chapel.

Suspicious minds leave UK assets all shook up

There is trouble ahead for Britain's new finance minister Kwasi Kwarteng: a marked shift in how British assets are behaving in markets points to growing unease about the economy's vulnerabilities.

London mourners brave long wait for 'seconds' with queen

EU proposes banning products made with forced labour

The European Commission proposed on Wednesday an EU ban on products made using forced labour with legislation that will add to existing U.S.

EU seeks $140 billion to cope with energy crisis as utilities teeter

The European Union's executive outlined plans on Wednesday for raising more than 140 billion euros ($140 billion) to cope with an energy crisis that has increased the prospect of winter fuel rationing, corporate insolvencies and economic recession.

Oil rises on weakening dollar, potential supply disruptions

Oil prices edged upwards in early Asian trade on Thursday, as supply concerns and a looming rail stoppage in the United States, the world's biggest crude consumer, supported markets.

Shaken Wall Street awaits final capitulation to greenlight buying

Even as investors crowded the exits on Tuesday, Wall Street's steepest one-day shake out since early in the pandemic in June 2020 carried few of the hallmarks of capitulation that analysts want to see before calling a bottom.

Europe's battle with Big Tech: billions in fines and tough laws

The European Union is on a mission to rein in US tech giants, which have been accused of tax avoidance, stifling competition, raking in billions from news without paying for it and spreading misinformation.

Uniper says German government could take majority stake in company

Germany's Uniper said on Wednesday the government could take a controlling stake in the company as the utility seeks further aid, sending its shares tumbling 20%.

AIG unit Corebridge raises $1.68 billion in year's largest IPO

AIG Inc's life insurance and retirement division Corebridge Financial Inc raised $1.68 billion on Wednesday in the biggest initial public offering (IPO) so far this year, braving market volatility and ending a seven-month lull in major listings.

Tesla is sued by drivers over alleged false autopilot, full self-driving claims

Tesla Inc was sued on Wednesday in a proposed class action accusing Elon Musk's electric car company of misleading the public by falsely advertising its Autopilot and Full Self-Driving features.

California alleges Amazon.com stifled price competition in lawsuit

California filed a lawsuit against Amazon.com on Wednesday, alleging that the company violated antitrust law by blocking price competition and pushing up prices for consumers.

Zelenskiy sees damage in recaptured towns; Russia strikes city's water system

Ukrainian President Volodymyr Zelenskiy heard firsthand what people in recaptured northeastern towns experienced under Russian forces while a major city struggled to contain damage to its water system from Russian missile attacks.

Haaland haunts Dortmund as Man City win but Chelsea held on Potter debut

Reigning European champions Madrid needed two late goals to beat RB Leipzig 2-0 at the Santiago Bernabeu and maintain their perfect start in Group F.