By Sachin Ravikumar LONDON (Reuters) – An ethics adviser to British Prime Minister Rishi Sunak said on Thursday he had found no clear evidence of Islamophobia to back up allegations by a lawmaker that she was sacked from her ministerial job in 2020 partly because of her Muslim faith. Nusrat Ghani, 50, said last year …
UK inquiry finds no clear evidence of Islamophobia in minister’s 2020 sacking Read More »
By Andrew Osborn MOSCOW (Reuters) – Over 90% of its residents have fled, much of it lies in ruins, tens of thousands have been killed, and its strategic importance has been played down by the Pentagon and NATO chiefs. Yet Russia and Ukraine are still battling for the small city of Bakhmut. After eight months …
Explainer-Bakhmut: Why Russia and Ukraine are battling so hard for one small city Read More »
WASHINGTON (Reuters) – The World Bank on Thursday lifted its 2023 economic growth forecast for eastern Europe and central Asia to 1.4% from an earlier 0.1% prediction, citing improved outlooks for both Russia and Ukraine despite their ongoing war. The regional forecast, released just days before the World Bank and International Monetary Fund hold their …
World Bank says Ukraine, Russia boost eastern Europe, Central Asia growth outlook Read More »
By Giuseppe Fonte ROME (Reuters) -Italy’s government plans to cut its 2024 economic growth forecast, people familiar with the matter said, as it weighs the negative impact of rising interest rates and difficulties in spending EU post-COVID recovery funds. Rome will publish new estimates next week for this year and next in its Economic and …
Italy to cut 2024 growth view amid ECB rate hikes, EU fund delays Read More »
By Elvira Pollina MILAN (Reuters) -Former Italian Prime Minister Silvio Berlusconi has been suffering from chronic blood cancer for some time and is currently in intensive care for a lung infection, his doctors said on Thursday. The 86-year-old, whose media empire has made him a billionaire, was rushed to the intensive care unit of Milan’s …
Former Italy PM Berlusconi in intensive care with leukaemia, lung infection Read More »
MILAN (Reuters) – The average interest paid on 12-month deposits in Italy stood at 2.48% at the end of March, up from 2.36% in February, data showed, as banks slowly pass higher official interest rates on to depositors. European banks have been slow in raising returns on cash deposited by retail customers but analysts expect …
By Gleb Stolyarov (Reuters) -Russians purchased more Chinese cars in the first quarter of 2023 than Ladas, Russia’s most popular, locally made vehicle, data showed on Thursday, evidence of Beijing’s growing presence in Russia’s economy as Western carmakers head for the exit. The exodus of Western automakers is narrowing options for Russian consumers, who are …
Chinese car brands overtake sales of Russia’s Lada in first quarter Read More »
By Max Hunder KYIV (Reuters) – A top Ukrainian air commander said Ukraine was in dire need of F-16 fighter jets, which he described on Thursday as “four or five times” more effective than the Soviet-era planes currently used by Ukraine. Serhiy Holubtsov, one of the most senior commanders in the Air Force, said that …
Ukraine says coveted F-16s ‘four or five times’ better than its Soviet jets Read More »
By Yadarisa Shabong and Aby Jose Koilparambil (Reuters) -Employers worldwide are more cautious about hiring permanent employees and are turning to temporary workers while they ride out economic uncertainties in the coming months, recruiting firm Robert Walters said, after a slower start to the year. Recruitment in the technology industry has been hit by global …
Employers turn to interim hires to ride out uncertainty, recruiter says Read More »
KYIV (Reuters) – Ukraine’s state arms producer said on Thursday it would launch joint production of 125-mm rounds for Soviet-era tanks with Polish arms producer Polska Grupa Zbrojeniowa (PGZ). Ukroboronprom said Poland would become the second NATO member state to help Ukraine produce ammunition as the country battles Russian troops that launched a full-scale invasion …
Ukraine, Poland to produce Soviet-era tank shells together Read More »
