Author: Press Room

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nissan is betting big on the UK. The Japanese automaker announced on Friday it will make a fresh investment of up to £2bn ($2.5bn) in its British electric car operations. Its timing is opportune.The cash will be used for upgrades at its Sunderland plant, which already makes Nissan’s Leaf electric car. The plan, which is supported by a slug of UK government funding, is to roll out new EV models and build a third UK battery plant. The UK has historically been…

© Reuters. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. REUTERS/Brendan McDermid/File Photo By Sruthi Shankar and Shristi Achar A (Reuters) – U.S. stocks were subdued on Friday in a shortened trading session for Thanksgiving, while investors focused on retailers to assess consumer health as Black Friday sales kicked off amid signs of slowing economic conditions. The main three U.S. stock indexes were still set for their fourth consecutive weekly gains, driven by hopes that the Federal Reserve is done hiking interest rates and signs the…

© Reuters. PriceSmart Inc. (NASDAQ:) has experienced significant fluctuations in its stock price recently, with trading on NASDAQGS reaching highs of $82.26 and dipping to lows of $62.49. The stock is currently priced at $67.57, which aligns with the industry’s average based on its price-to-earnings (PE) ratio of 18.67 times. This valuation suggests that the current price fairly reflects the company’s earnings capacity. Despite the stock’s recent volatility, PriceSmart’s low beta indicates it may be less susceptible to broad market swings, potentially reducing the risk of a significant price drop. However, this also implies that there may be fewer opportunities…

© Reuters. FILE PHOTO: Mexico’s President Andres Manuel Lopez Obrador speaks during his regular press conference where he said that his government will help Cuba, including providing it with oil, at the National Palace in Mexico City, Mexico October 16, 2023. Mexico MEXICO CITY (Reuters) – A Danish fund will invest $10 billion in a development hub in southern Mexico to produce green hydrogen for ships and to replace fossil fuel use, Mexican President Andres Manuel Lopez Obrador said on Friday. One of Lopez Obrador’s key infrastructure projects is the development of an economic corridor connecting the Pacific and Atlantic…

ESSA Pharma director Franklin Berger buys common shares worth ~$133.3K

© Reuters. The pair reached a low of 0.8697 during the early European trading hours today, influenced by strong UK economic indicators. The market’s attention is now focused on the upcoming German Q3 GDP and IFO Survey results, which are eagerly awaited for further insight into the eurozone’s economic health amid concerns of a technical recession and ongoing high inflation. Yesterday’s data revealed that the Eurozone’s Manufacturing Purchasing Managers’ Index (PMI) climbed to a six-month high of 43.8, while the Services PMI reached a two-month peak at 48.2. Despite these improvements, worries about an economic downturn in the region persist.…

Since 2020, Democratic strategists and activists have fixated on how to expand their gains in Georgia, once a Republican stronghold and now a true battleground.But some of the state’s most prominent grass-roots organizers — those responsible for engineering President Biden’s victory in 2020 and that of two Democratic U.S. senators in 2021 — are growing concerned that efforts and attention are waning four years later.The national money that once flowed freely from Democratic groups to help win pivotal Senate contests in Georgia has been slow in coming. Leading organizers, just over a month from the anticipated start of their initiatives…

Amazon workers at a UK warehouse are striking on one of the retailer’s busiest days, Black Friday.About 1,000 staff walked out over demands for better pay and working conditions. The company is also facing action in the US, France, Germany and other countries.  Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Some Amazon workers in the UK have gone on strike this Black Friday in what a union called the largest day of industrial disruption in the company’s 30-year history.The online retail giant also faces…

Jeremy Hunt this week presented UK voters with imminent tax cuts, a boost to pensions and a range of money-related measures — all made possible, he said, by faster than expected growth in the UK economy. According to the chancellor, inflation was coming under control, debt was falling and those left reeling from the rising cost of living would be better protected under his plans. But many economists and market analysts picking through the Autumn Statement concluded that Hunt had glossed over some important realities. High inflation, rather than growth, had been a key contributor to bigger government tax revenues. And…

© Reuters. FILE PHOTO: Dollar, Euro and Pound banknotes are seen in this picture illustration taken April 28, 2017. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) -Some of the major banks in the world expect global economic growth to ease further in 2024, squeezed by elevated interest rates, higher energy prices and a slowdown in the world’s two largest economies. The global economy is forecast to grow 2.9% this year, a Reuters poll showed, with next year’s growth seen slowing to 2.6%. Most economists expect the global economy to avoid a recession, but have flagged possibilities of “mild recessions” in Europe and the…