Reuters

By David Milliken

LONDON (Reuters) - British property surveyors expect an increase in property sales later this year, despite an ongoing drag from high borrowing costs, as the number of homes being put up for sale rose last month at the fastest pace since September 2020.

The Royal Institution of Chartered Surveyors said on Thursday that its main house price balance held at -5 in April, unchanged from March, as waning chances of an early... (continue reading...)

By William Schomberg

LONDON (Reuters) - The Bank of England is likely to take another step towards its first interest rate cut in four years on Thursday as inflation falls, but will probably be cautious about signalling that a move is imminent.

The central bank is widely expected to keep its benchmark Bank Rate on hold for a sixth meeting in a row at 5.25% - the highest since 2008 - after its May monetary policy discussions.

(Reuters) - U.S. President Joe Biden said on Wednesday that bombs the United States has supplied to Israel and has now paused sending in its war against Hamas have been used to kill Palestinian civilians.

"Civilians have been killed in Gaza as a consequence of those bombs and other ways in which they go after population centers," he said in an interview with CNN, when asked about 2,000-pound bombs sent to Israel.

... (continue reading...)

(Reuters) -Beyond Meat posted a wider-than-expected quarterly loss and an 18% drop in revenue on Wednesday as its higher priced plant-based meat products hit volumes.

WHY IT'S IMPORTANT

Demand for Beyond Meat's products - including burger patty, sausages and ground beef - weakened as their customers such as McDonald's and Yum Brands saw sluggish consumer demand owing to sticky inflation.

CONTEXT

While Beyond Meat... (continue reading...)

NEW YORK (Reuters) - Extreme heat and rising electricity demand are expected to drive up power prices in Texas this summer, while the rest of the U.S. power markets are broadly pricing lower, according to analysts and data this week.

WHY IT'S IMPORTANT

Imbalances in U.S. power supply and demand, along with extreme weather, can lead to wholesale power price spikes that can eventually be passed down to businesses and households.