Newsletter Nov 9, 2022

UK to remain 'bedrock' of NATO, Sunak declares

Stoltenberg will meet Sunak after visiting a military facility where Ukrainian troops are being trained by British military.

Dollar wobbles while investors await midterms; cryptos skittish

The dollar wavered on Wednesday, as traders awaited results from U.S.

British grocery inflation hit record 14.7% in October - Kantar

British grocery inflation hit 14.7% in October, another new record, and it is still too early to call the ceiling, market researcher Kantar said on Tuesday.

British minister facing bullying allegations resigns

Williamson, 46, was sacked twice as minister in the past by former premiers Boris Johnson and Theresa May.

European shares rangebound with all eyes on U.S. midterms

European shares traded in a tight range on Tuesday as investors focussed on U.S.

Trump gears up to run after midterms, many Republicans appear unexcited

Former President Donald Trump has spent months teasing a 2024 presidential run, suggesting to supporters on the eve of Tuesday's midterm elections that he would throw his hat into the ring as soon as next week.

Euro zone bonds wobble as central banks zero in on inflation

Euro zone government bond yields rose on Tuesday as investor focus was squarely pinned on central banks' fight against inflation, ahead of U.S.

Oil steadies after 3% drop on demand fears

Oil prices were mostly unchanged in early trade on Wednesday, after sliding 3% in the previous session on worries about demand stalling on potential new lockdowns in top oil importer China as COVID-19 cases rebound.

Revised EU debt rules should allow for climate, defence investment - Breton

New EU budget rules should take into account the need to invest in climate policies and defence when setting the pace for debt reduction, Internal Market Commissioner Thierry Breton said in an interview with Dutch financial daily FD published on Tuesday.

Adidas names CEO of rival Puma as new boss

Adidas on Tuesday named Bjorn Gulden, chief of rival outfitter Puma, as its new CEO as the German sportswear giant seeks to emerge from months of turbulence.

Elon Musk's Twitter girds for surge in U.S. midterm election misinformation

Days after Twitter Inc fired half its staff and new owner Elon Musk tweeted a recommendation to vote for Republican candidates, election experts are anxiously bracing for a surge in online misinformation as Americans head to the polls on Tuesday.

Twitter engineer says he was fired for helping coworkers who faced layoffs

A former Twitter Inc engineer has accused the company of firing him days after it was acquired by Elon Musk because he developed a tool to allow workers to save important documents in anticipation of mass layoffs.

Blow for EU crackdown on tax deals as Fiat wins appeal

Fiat Chrysler on Tuesday won its fight against an EU order to pay 30 million euros ($30 million) in back taxes to Luxembourg, dealing a major setback to EU antitrust chief Margrethe Vestager's crackdown on sweetheart deals between EU countries and multinationals.

Ukraine promises not to give up 'a single centimetre' to Russia in east

President Volodymyr Zelenskiy on Tuesday night said his forces would not yield "a single centimetre" in battles for control of eastern Donetsk region while Russian-installed officials described Ukrainian forces moving into one southern town with tanks.