Reuters UK/EU

BoE’s Bailey says bank reforms worked but questions about liquidity buffers

By Huw Jones (Reuters) -Bank of England Governor Andrew Bailey said bank reforms enacted after the global financial crisis of 2007-09 worked during the recent banking turmoil, but there were questions about whether banks should set aside bigger cash buffers in future. The failure last month of Silicon Valley Bank and two other lenders in …

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Moldova needs $275 million to modernise armed forces -defence official

By Alexander Tanas CHISINAU (Reuters) – Moldova needs 250 million euros ($275 million) to modernise its armed forces following Russia’s invasion of neighbouring Ukraine last year, a senior defence official in the pro-Western country said on Wednesday. “The starting point for a change in public opinion towards the development of the defence sector was naturally …

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U.S. sanctions hit over 120 targets supporting Russia’s invasion of Ukraine

By Daphne Psaledakis and Arshad Mohammed WASHINGTON (Reuters) -The United States on Wednesday imposed sanctions on over 120 targets to squeeze Russia for its war in Ukraine, pursuing entities linked to state-held energy company Rosatom and firms based in partner nations like Turkey in a sign of stepped-up enforcement. The sanctions, imposed by the Treasury …

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Rodents beware: New York City hires first ‘rat czar’

By Joseph Ax (Reuters) – New York City’s unending war on rats has a new commanding general. Mayor Eric Adams on Wednesday announced that Kathleen Corradi, an education department employee, has been appointed New York’s first-ever “rat czar,” part of Adams’ effort to combat a growing rodent population in the county’s most populous city. “You’ll …

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UK housing market weakness continues, improvement on the horizon – RICS

By Suban Abdulla LONDON (Reuters) – Britain’s housing market continued to feel the pinch of higher borrowing costs in March, but property surveyors expect some improvement over the year ahead as they think interest rates are now near their peak, a survey showed on Thursday. The Royal Institution of Chartered Surveyors (RICS) said its house …

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Marex IPO prospects boosted by strong results, ED&F Man takeover – CEO

By Eric Onstad LONDON (Reuters) – Record 2022 results and a successful takeover have boosted the potential for a listing of Marex when markets recover, the CEO of the commodities broker said on Thursday. London-based Marex, one of the world’s largest privately-owned commodities brokers, on Thursday reported a 53% jump in adjusted pre-tax operating profit …

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Man extradited from Pakistan to Britain, charged over police murder

(Reuters) – A man has been extradited from Pakistan to Britain and formally charged in connection with the 2005 murder of a British police constable, the Crown Prosecution Service (CPS) said on Wednesday.     Sharon Beshenivsky, 38, died after being shot when trying to stop a gang robbing a travel agent in Bradford, northern England. …

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