By Farouq Suleiman LONDON (Reuters) -Fashion designer Mary Quant, often credited with popularising the miniskirt that helped define Britain’s “Swinging Sixties” era, has died aged 93. Born and brought up in Blackheath, south east London, Quant helped pioneer bold new styles during the 1960s – a decade in which fashion, music and art subculture challenged …
Swinging Sixties fashion designer Mary Quant dies aged 93 Read More »
By Terje Solsvik and Nerijus Adomaitis OSLO (Reuters) – Norway is expelling 15 Russian embassy officials that the foreign ministry said on Thursday were intelligence officers operating under the cover of diplomatic positions, the latest such expulsion by a Western nation since Moscow invaded Ukraine. The Russian embassy in Oslo told Reuters Norway’s decision was …
Norway expels 15 Russian ‘intelligence officers’ from embassy Read More »
By Mimosa Spencer PARIS (Reuters) – Luxury shoppers in the United States are curtailing purchases of high-end fashion and leather goods, LVMH’s first-quarter sales report showed, adding to evidence that a strong, months-long, post-pandemic splurge may be ending. Shares in Europe’s most valuable listed company rose nearly 5% to record highs in early trade on …
Analysis-LVMH’s caution points to Americans’ waning lust for luxury Read More »
(Reuters) -Payments provider Network International confirmed on Thursday it had received a preliminary takeover bid from a consortium of CVC Capital Partners and Francisco Partners Funds, sending its shares up 25%. Network International, which is the largest payment processing firm across the Middle East and Africa and had a market value of 1.29 billion pounds …
Payments provider Network International in talks with private equity bidders Read More »
By Kate Abnett, Max Hunder and Timothy Gardner BRUSSELS/KYIV (Reuters) – Lawmakers in Ukraine’s parliament want the European Union and United States to use sanctions to block Russia’s plans to expand liquefied natural gas (LNG) production, and end Europe’s purchases of the fuel from Russia. The lawmakers want measures that would reduce further the EU’s …
Ukraine lawmakers urge U.S., EU to hit Russian LNG with secondary sanctions Read More »
WASHINGTON (Reuters) – Core inflation rates in the euro zone will begin improving in the coming months, but the European Central Bank still has a way to go with monetary policy, ECB policymaker Joachim Nagel said on Thursday. “We expect core inflation will show first movements in the right direction before the summer break,” the …
Core inflation to start improving before summer break – ECB’s Nagel Read More »
By David Milliken and William Schomberg LONDON (Reuters) -Bank of England Chief Economist Huw Pill said on Thursday that the latest data on the economy, including a stagnation of gross domestic product in February, is “somewhat disappointing” even if it remains better than forecast by the BoE late last year. Pill, speaking at an online …
Bank of England’s Pill says latest UK data is disappointing Read More »
By James Davey and Paul Sandle LONDON (Reuters) -Britain’s biggest retailer Tesco said it was unlikely to grow its profits this year as inflation continued to take a toll on its customers and suppliers, after it recorded a 6.3% drop in 2022/23. With a 27% market share, Tesco has navigated the unprecedented cost inflation better …
Profits at Britain’s Tesco to stall as inflation fight lingers Read More »
By James Davey LONDON (Reuters) – The boss of Tesco on Thursday hit back at the suggestion Britain’s biggest retailer is making excessive profits as consumers struggle with a cost of living crisis. Consumer group Which? and trade union Unite were both critical of the retail profit of 2.49 billion pounds ($3.11 billion) Tesco made …
Tesco not profiteering amid cost of living crisis, says boss Read More »
(Reuters) – Bank of England Governor Andrew Bailey said he did not see signs of a repeat of the 2007/8 global financial crisis, speaking at the International Monetary Fund Spring Meetings in Washington. “I do not see the evidence that we’ve got on our hands what I would call … the makings of a 2007/8 …
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