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CDE News Feed: CDE News - The Dispatch

Spanish services activity speeds up in January at fastest pace since July – PMI

MADRID, Feb 3 (Reuters) – Activity in the Spanish services sector sped up in January, on higher demand and renewed optimism, a survey showed on Friday, even though elevated inflation remained a concern for business people. S&P Global’s Purchasing Managers’ Index (PMI) for Spain’s services sector, which accounts for around half of Spanish economic output, […]

Beyond beep beep: Video game music goes to next level at Grammys

By Danielle Broadway and Rollo Ross LOS ANGELES, Feb 3 (Reuters) – Whether it is the catchy chime of a chip tune, the melodies of the metaverse or the latest trending “Super Mario Bros” remix — video game music is seemingly boundless. Now the growing popularity of the video game industry and years of advocacy […]

Russian finance ministry to treble FX sales in coming month

Feb 3 (Reuters) – Russia’s finance ministry said on Friday it would sell 8.9 billion roubles ($126.6 million) worth of foreign currency a day between Feb. 7 and March 6, an almost three-fold increase in the volume of daily operations from the previous month. After a months-long hiatus, Russia resumed foreign currency interventions in January, […]

UK services sector has worst month in two years, PMI shows

By William Schomberg LONDON, Feb 3 (Reuters) – Britain’s services sector kicked off 2023 with its weakest performance in two years hit by cutbacks to business and consumer spending, according to a survey published on Friday that echoed the Bank of England’s recession warnings. But there were signs of an improvement for some firms. The […]

Maltese most worried about climate change – EU survey / Malta News Briefing – Friday 3 January 2023

Updated 1725 The Times of Malta reports that Italy’s coastguard has recovered the dead bodies of eight people, including a pregnant woman, from Maltese search and rescue waters, according to Italian media. Maltatoday says that construction magnate Joseph Portelli was voted back to the Presidency of leading football club Ħamrun Spartans. Newsbook reports that two […]

Turkey annual inflation well above forecast near 58%

ISTANBUL, Feb 3 (Reuters) – Turkish annual inflation fell to 57.68% in January, official data showed on Friday, well above forecasts despite a favourable base effect that is expected to carry on until President Tayyip Erdogan faces tight elections in May. Month-on-month, consumer prices rose 6.65%, the Turkish Statistical Institute said, much higher than a […]

Italian service sector returns to growth in January-PMI

ROME, Feb 3 (Reuters) – Italy’s services sector saw a modest rise in activity in January following four months of contraction, a survey showed on Friday, helping allay worries that the economy might be sliding into a recession. S&P Global’s Purchasing Managers’ Index (PMI) for Italian services climbed to 51.2 in January from 49.9 in […]

Apple’s weak iPhone sales drive first profit miss since 2016

By Stephen Nellis (Reuters) – Apple Inc reported sales and profits that missed Wall Street expectations driven by weak iPhone sales after COVID lockdowns in China disrupted production of the company’s biggest seller. Apple sales fell 5% to $117.2 billion and were down in every part of the world in the quarter. Sales from each […]

Ferrari vows ‘stronger’ 2023 with more new models

By Giulio Piovaccari MILAN (Reuters) – A procession of new models will continue to boost earnings at Ferrari, the Italian luxury sports car maker said, as it promised “even stronger” results this year after a 16% jump in 2022 core earnings. Deliveries jumped almost a fifth to 13,221 cars last year, led by the established […]

Euro zone business activity returned to growth in Jan -PMI

LONDON, Feb 3 (Reuters) – Business activity in the euro zone bounced back to growth in January, according to a survey which suggested the bloc’s economy might again escape a contraction this quarter and that the upturn may accelerate. In the last quarter of 2022 the euro zone eked out growth, managing to avoid a […]