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A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. REUTERS/Brendan McDermid/File PhotoAug 4 (Reuters) - Shares of Tupperware Brands (TUP.N) surged 44% on Friday, after the kitchen storage container maker finalized a debt restructuring deal as it attempts a turnaround of its business, reinvigorating retail investors' interest in the company. It was the seventh most traded stock by retail investors at 10:00 a.m. The share gains were reminiscent of eye watering "meme stocks" rallies, where retail investors coordinate on social media and typically focus their speculative bets on companies that were financially struggling or had high short interest. Tupperware was the second most actively traded single stock by retail traders over the past week, according to a J.P.Morgan note.

Persons: Brendan McDermid, Tupperware, Bartosz, stocktwits.com, Peter Earle, Medha Singh, Savyata Mishra, Krishna Chandra Organizations: New York Stock Exchange, REUTERS, Tupperware Brands, American Institute for Economic Research, American, Corp, Thomson Locations: New York City, U.S, Florida, Bengaluru

"The culture wars are coming to UK businesses, including the financial sector," said Andre Spicer, dean of City University's Bayes Business School. It also cited "risk factors including... controversial public statements which were felt to conflict with the bank's purpose". However, data from watchdog the Financial Ombudsman Service showed complaints about account closures represented a tiny fraction of a bank's overall customer base. Experts say other banks will now be scrambling to ensure their own policies and committees are behaving appropriately, to avoid further scandals. The CEO of Britain's biggest domestic bank Lloyds said on Wednesday the bank's own policies did not include looking at customers' political or personal beliefs.

Persons: Nigel Farage, Coutts, Andre Spicer, Howard Davies, Alison Rose, Rose, Peter Flavel, Charles Dickens, Queen Elizabeth II, Spicer, Harriet Baldwin, Bill Winters, Samuel Gregg, Banks, Gregg, University's Spicer, Rupert Younger, ", Sinead Cruise, Iain Withers, Lawrence White, Daniel Wallis Organizations: Brexit Party, NatWest, Bayes Business School, Coutts, Treasury, Bank of England, BBC, Standard Chartered, Farage, American Institute for Economic Research, Facebook, Financial, Service, Barclays, Lloyds, Centre, Oxford University's Said Business School, Thomson Locations: America

☆ Ukrainian refugees: how will the economy recover with a diminished population?
▼ + stars: | 2023-07-07 | by ( Olena Harmash | ) www.reuters.com time to read: +8 min

In previous refugee crises, for example in Syria, refugees' desire to return home has faded with time, UNHCR studies show. Conscription-aged men are restricted from leaving Ukraine, so working-aged women, and children, make up the majority of refugees. Ukraine's population problem goes beyond millions of refugees. A census in 2001 - the country's only so far - recorded a population of 48.5 million. Demographer Libanova estimated the population at between 28 million and 34 million at the start of 2023 in parts of the country controlled by Kyiv.

Persons: Korzh, Volodymyr Kostiuk, Kostiuk, It's, Dmytro Tsygankov, Ella Libanova, Libanova, Ksenia Karpenko, Karpenko, Corina Rodriguez, Catarina Demony, Mike Collett, White, Frank Jack Daniel Our Organizations: United Nations, UNHCR, Kyiv, for Economic Research, Political, for Economic, MEN, National Academy of Science, European Commission's, Research, The, Economic Strategy, Reuters, Thomson Locations: KYIV, Europe, Kyiv, Portugal, Ukraine, Lagoa, Syria, Ukrainian, Moscow, Russia, Crimea, Belarus, Russian, Tarragona, Spain, Madrid, Barcelona, Lisbon

☆ German Government Slashes Spending, Except on the Military
▼ + stars: | 2023-07-05 | by ( Melissa Eddy | ) www.nytimes.com time to read: +2 min

Why It Matters: Germany has long neglected military spending. Despite intense pressure from the United States, Germany last spent 2 percent of its G.D.P. on defense in 1991, a year after the reunification of the former East and West German nations, according to statistics from the World Bank. The United States is using incentives, including tax breaks, to lure businesses in the green energy and technology sectors. “Germany is increasingly falling behind when it comes to investment and location decisions,” said Tanja Gönner, general director of the German Federation of Industries.

Persons: Marcel Fratzscher, Lindner, ”, Tanja Gönner Organizations: World Bank, German Institute for Economic Research, German Federation of Industries Locations: Germany, United States, West, Russia, Ukraine

☆ German exports to Russia's neighbours fuel sanctions evasion fears
▼ + stars: | 2023-05-16 | by ( Rene Wagner | ) www.reuters.com time to read: +4 min

Although they remain relatively modest in value, German exports to Georgia rose by 92%, while those to Kazakhstan rose 136%, to Armenia 172% and to Tajikistan 154%. An 11th package of EU sanctions, currently being negotiated, will also focus on people and countries circumventing existing trade restrictions. "The circumvention of sanctions against Russia is unacceptable," German Finance Minister Christian Lindner said in Brussels on Tuesday. That came after a six-fold rise in German exports to Kyrgyzstan last year following Russia's February 2022 invasion of Ukraine. "But because Turkey does not participate in EU sanctions, EU goods are further exported from there to Russia."

☆ Bangladesh to pay Russia $300 million in Chinese yuan for a nuclear plant loan
▼ + stars: | 2023-04-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Bangladesh will pay Russia $318 million worth of yuan for a loan payment on a nuclear power plant. Russia, whose state-owned Rosatom is building the nuclear plant, had initially insisted on payment in rubles and refused yuan due to concern over potential conversion losses, according to Bloomberg. But a representative for Rosatom confirmed to the Washington Post that the loan payment will be made in yuan. The payment is partial reimbursement for a $12 billion loan the South Asian country previously received from Moscow, and will help fund a nuclear power plant near the capital city of Dhaka. Bangladesh's yuan payment is the latest example of de-dollarization.

The so-called Joint Economic Forecasts, to be presented in Berlin on Wednesday, expect a 0.1% expansion in gross domestic product in the first quarter. The five economic institutes which prepare the Joint Economic Forecasts predict GDP growth in Germany of 0.3% in 2023, up from a predicted contraction of 0.4% in the autumn, two sources familiar with the data told Reuters. The economics ministry will update its forecasts incorporating the results of the Joint Economic Forecasts this spring. The economic institutes predict inflation of 6.0% in 2023, before slowing to 2.4% in 2024. The Joint Economic Forecasts are prepared by the Ifo Institute, the Halle Institute for Economic Research, the Kiel Institute for the World Economy, the RWI – Leibniz Institute for Economic Research and the Austrian Institute of Economic Research.

☆ As new data shows inflation rose in January, here's what consumers can expect next
▼ + stars: | 2023-02-24 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

While the inflation rate is poised to subside this year, "it will not be a straight line," Raymond James chief economist Eugenio Aleman told CNBC.com at the time. The Federal Reserve is tasked with getting inflation under control, while trying to avoid a deep economic recession. What the latest inflation measure showsThe personal consumption expenditures price index, or PCEPI, is the central bank's preferred measure as it seeks to bring inflation down to a 2% target. Based on Friday's data, it's "almost a certainty" the central bank will raise rates by 25 basis points in March, and maybe even higher, Luther said. A period of below 2% inflation would be needed to see prices subside back to where they were, Luther said.

☆ Gas, airfares, car insurance: How transportation costs are impacting high inflation
▼ + stars: | 2023-02-17 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

Xinhua News Agency | Xinhua News Agency | Getty ImagesMeanwhile, fuel oil dipped 1.2% in January but was up 27.7% for the past 12 months. While high gas prices made headlines in 2022, prompting gas tax holidays in some states, those prices have subsided from last year's highs. Gas prices "did rise in January and that was mostly due to the weather," said Andrew Gross, spokesperson at AAA. Other transportation costs are in fluxNew vehicles are up 5.8% over the past 12 months ending Jan. 30, and up 0.2% for the month. However, used cars and trucks, a category that surged during record high inflation, are now down 11.6% for the past 12 months and down 1.9% for January.

☆ Economists still worry recession could be on the way. But here's how a soft landing may still be possible
▼ + stars: | 2023-02-16 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

"We are still on the path to lower inflation rates," House said. Economists said they still expect a recession following the new January inflation data. But the Federal Reserve lacks tools to prompt that area to cool off, he said. The new data shows slowing disinflation, he said, while the Federal Reserve will probably have to hold rates higher for longer. A 'Goldilocks scenario' could bring a soft landingThere is still hope, however, that the central bank may execute a so-called "soft landing," according to House.

☆ China remains Germany's main trading partner for seventh year
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Feb 8 (Reuters) - Trade between Germany and China rose to a record level last year, making the Asian country Germany's most important trading partner for the seventh year in a row despite political warnings in Berlin about excessive dependence. In 2022, Germany imported goods worth 191 billion euros from China, a third more than in 2021. Exports of German goods to China increased by only 3.1% to around 107 billion euros. Overall, Germany had a trade deficit with China of around 84 billion euros. The United States is much more important for German exporters than China, Zenglein said.

☆ Just how bad was the war in Ukraine for Europe’s biggest economy last year?
▼ + stars: | 2023-01-13 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

London CNN —Germany’s economy grew slightly last year despite battling an energy crisis sparked by Russia’s war in Ukraine. The bank predicts the German economy will stagnate this year, rather than decline, as it had previously forecast. Tobias Schwarz/AFP/Getty ImagesEither way, it’s welcome news for Europe’s biggest economy. “The German economy has been more resilient than initially feared,” Jan-Christopher Scherer, a research associate at DIW Berlin, told CNN. About 40% of German companies expect business to decline in 2023, and another 35% think it will stagnate, according to a November survey of 2,500 firms conducted by the German Economic Institute.

☆ Global markets try to put last year’s misery behind them
▼ + stars: | 2023-01-03 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —Global stocks are striding higher on the first major trading day of 2023 as investors try to look beyond a gloomy outlook for the world economy, China’s worst Covid outbreak and stubbornly high inflation in Europe. ET Tuesday, extending strong gains posted Monday when Chinese and US markets were closed. In Asia, markets ended the day firmly in positive territory, recovering from early losses. Still waryTuesday’s market gains provide cheery news for investors after a rollercoaster 2022 that saw $33 trillion wiped off global equity markets. Kristalina Georgieva, head of the International Monetary Fund, warned in an interview with CBS that aired on Sunday that 2023 will be tougher on the global economy than 2022 was.

☆ Germany's half-a-trillion dollar energy bazooka may not be enough
▼ + stars: | 2022-12-15 | by ( Christoph Steitz | ) www.reuters.com time to read: +8 min

Almost half a trillion dollars, and counting, since the Ukraine war jolted it into an energy crisis nine months ago. The money set aside stands at up to 440 billion euros ($465 billion), according to the calculations, which provide the first combined tally of all of Germany's drives aimed at avoiding running out of power and securing new sources of energy. That equates to about 1.5 billion euros a day since Russia invaded Ukraine on Feb. 24. Energy rationing is a risk in the event of a long cold spell this winter, Germany's first in half a century without Russian gas. There's no security in sight either, with the push to build up of two alternatives to Russian fuel - liquefied natural gas (LNG) and renewables - years away from targeted levels.

☆ Germany's housing market is ripe for a serious price correction, economists warn
▼ + stars: | 2022-12-05 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +6 min

"The housing market is softening significantly," he said, citing a strong decrease in demand for loans and a drop in housing construction. watch nowAnd while the language used may vary, many analysts are forecasting a dip in Germany's housing market. A Reuters poll of property market experts last month anticipated German house prices would fall by 3.5% next year. A 'vulnerable' market But not all financial institutions agree that Germany's property market is set for a large correction. The labor market is key Moves in the labor market will determine how the property market shifts, according to some analysts.

☆ FTX: Inside the crypto giant's downfall
▼ + stars: | 2022-11-18 | by ( Allison Morrow | ) edition.cnn.com time to read: +9 min

Crypto contagionThe crypto industry is on edge, waiting for the next dominoes to fall. Soon after FTX went down, crypto firms were inundated requests from customers seeking to claw their money back — the crypto equivalent of a run on the bank. The pain isn’t confined to crypto companies. SBF had become a fixture in Washington, too, where he regularly traveled to lobby lawmakers for greater regulatory clarity for the crypto industry. “It’s about fraud and the power of virtue signaling.”He added: “This scandal, far from destroying crypto, practically ensures that crypto will be around for a long, long time.”

[1/2] Boards displaying buying and selling rates are seen outside of currency exchange outlets in London, Britain, July 31, 2019. read moreRishi Sunak became Britain's third prime minister in two months on Tuesday, tasked with tackling a mounting economic crisis and a warring political party. The U.S. dollar was broadly weaker amid signs that Federal Reserve rate hikes are slowing the world's biggest economy. YEN AND YUANThe yen firmed against the dollar after suspected Bank of Japan (BOJ) intervention on Friday and Monday. At 147.665 yen, the dollar was down from a 32-year high of 151.94 on Friday, which appeared to trigger successive bouts of BOJ intervention.

☆ German economic institutes see 2023 contraction as gas crisis hits
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Sept 29 (Reuters) - Four leading German economic institutes have almost halved their spring economic growth forecast for Europe's largest economy this year and slashed their 2023 projection to -0.4% from 3.1%, they said on Thursday. The four institutes now expect 1.4% growth this year, down from 2.7% seen in the spring. "The crisis on the gas markets is having a severe impact on the German economy," said the four institutes - Munich-based Ifo, the Kiel Institute for the World Economy (IfW Kiel), the Halle Institute for Economic Research (IWH) and the Leibniz Institute for Economic Research (RWI). "Soaring gas prices are drastically increasing energy costs, leading to a massive reduction of the purchasing power," they added in a statement. Register now for FREE unlimited access to Reuters.com RegisterReporting by Klaus Lauer and Paul Carrel, Editing by Miranda MurrayOur Standards: The Thomson Reuters Trust Principles.

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