Page 29 - Gb News Today

A look at the day ahead in European and global markets from Ankur Banerjee

Around the world, the story of the missing Titanic submersible and its rescue operation's race against time has been riveting onlookers.

Standing at a small booth among a row of other Japanese aerospace suppliers at the Paris Airshow, Yoko Konno is excited at the prospect of new orders for her company, but frowns at long delays to get titanium and the rising cost of chemicals.

Brexit has been an "economic disaster" for trade and investment ties between the United Kingdom and Germany, leading to a fall in German direct investment and seeing the UK decline in importance as a trading partner, German economists said.

The $250,000-a-head expedition that vanished this week en route to the deep-sea wreck of the Titanic ocean liner is just one example of extreme tourism that is becoming more commonplace for those who can afford it.

The dollar languished near a one-month low against a basket of currencies on Thursday, after Federal Reserve Chair Jerome Powell stuck to his usual messaging at his semi-annual testimony, offering little room for surprise.

The Russian chapter of the global environmental campaign group WWF on Thursday said it had cut ties with WWF International after Russia designated WWF as an "undesirable organisation".

A submersible vessel taking tourists on a deep ocean journey to view the wreckage of the Titanic has been missing since Sunday. One pilot and four passengers are aboard.

Pay awards by British employers remained the highest in more than 30 years in the three months to May, keeping pressure on the Bank of England which looks set to raise interest rates again on Thursday in a bid to tame high inflation.

Oil prices rebounded early on Wednesday, recovering after two straight sessions of losses, as expectations of hawkish Fed talk later in the afternoon and possible U.S. crude stock draws in outweighed China demand worries.