UK’s Unite says 1,300 offshore workers across oil, gas companies to strike

(Reuters) – British union Unite said on Friday 1,300 offshore workers will begin a 48-hour strike on Monday, which could result in production shutdowns on offshore oil and gas platforms. The walkout would hit oil and gas operators including BP, CNRI, EnQuest, Harbour, Ithaca, Shell, TAQA and Total. (Reporting by Rahul Paswan and Ashitha Shivaprasad …

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India’s Reliance Industries Q4 profit rises 19% on O2C boost

BENGALURU (Reuters) -Reliance Industries Ltd, India’s most valuable company, on Friday reported a more than 19% jump in fourth-quarter profit, led by the strength in its mainstay energy unit. Consolidated profit at the Mukesh Ambani-led conglomerate rose to 192.99 billion rupees ($2.35 billion) in the quarter ended March 31, from 162.03 billion rupees a year …

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UK financial watchdog intervenes to cut building insurance costs

By Huw Jones LONDON (Reuters) -Britain’s financial watchdog has proposed changes to cut the cost of insuring residential apartment blocks, saying intervention was needed to prevent wrongful use of commission. The proposals announced on Friday follow a review after the 2017 Grenfell Tower fire in London, which killed 72 people and led to big increases …

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Zambia says it’s close to MoU with official creditors on debt relief

By Chris Mfula LUSAKA (Reuters) – Zambia’s official creditors are close to signing a memorandum of understanding on debt relief, Finance Minister Situmbeko Musokotwane said on Friday. Zambia became the first African country to default on its sovereign debt during the COVID-19 pandemic in 2020, but it has struggled to finalise restructuring talks on external …

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Conservative Anglican group says it has no confidence in Church of England leader

NAIROBI (Reuters) -A conservative group of Anglican church leaders said on Friday that it no longer had confidence in the leader of the Church of England (CoE) over his stance on same-sex unions. Earlier this year the CoE – where the Anglican tradition originated – set out proposals to allow priests to bless same-sex couples …

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Market divided on Colombia interest rate decision – hold or raise?- Reuters Poll

By Nelson Bocanegra BOGOTA (Reuters) – Analysts are divided on whether Colombia’s central bank board will hold the interest rate steady for the first time in 18 months or back one more increase in a tightening cycle meant to fight inflation, a Reuters poll showed on Friday. Fifteen of 26 analysts predicted the seven-member board …

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