Reuters UK/EU - Squid Business

Violence hits France in day of anger over Macron’s pension changes

By Horaci Garcia, John Irish and Ingrid Melander PARIS (Reuters) -Police fired tear gas and fought with violent black-clad anarchists in Paris and across France on Thursday as hundreds of thousands of protesters marched against President Emmanuel Macron’s plan to raise the pension age. The ninth day of nationwide protests, mostly peaceful, disrupted train and …

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EU leaders back steps to compete with US, China

By Philip Blenkinsop BRUSSELS (Reuters) -European Union leaders agreed on Thursday to back a revamp of the single market, simplified regulations and other steps to ensure the bloc can compete with the United States and China as an industrial leader in green and digital technologies. High energy prices and U.S. President Joe Biden’s Inflation Reduction …

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Finnish businessman Zilliacus ready to pay premium for Manchester United

By Akash Sriram (Reuters) – Finnish entrepreneur Thomas Zilliacus has placed a bid for Manchester United and is willing to pay a premium for the English soccer club, the former Nokia executive told Reuters on Thursday. A small portion of the club’s shares is listed on the New York Stock Exchange. The market capitalization was more …

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Teachers in Wales accept pay offer, easing threat of more UK strikes

LONDON (Reuters) – Teachers in Wales have accepted a new pay offer following a consultation, their trade union said on Thursday, ending one part of a dispute that has caused disruptive strikes by thousands of teachers across Britain. The National Education Union (NEU) said 73% of its teacher members in Wales who responded to a …

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Central banks face tougher task reining in price rises, BoE’s Mann says

By Howard Schneider WASHINGTON (Reuters) – Central banks face a tougher time controlling inflation than in the recent past, and will need a clear understanding of businesses’ pricing decisions to do so, Bank of England policymaker Catherine Mann said on Thursday. Mann, speaking at an event in Washington hosted by the Peterson Institute for International …

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Bank of England raises rates, says inflation set to fade

By William Schomberg, David Milliken and Suban Abdulla LONDON (Reuters) – The Bank of England (BoE) raised interest rates for the 11th time in a row on Thursday, but said a surprise resurgence in inflation would probably fade fast, prompting speculation it had ended its run of hikes. Sounding more upbeat about the outlook for …

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Weil distress index shows UK companies at highest level since June 2020

By Chiara Elisei LONDON (Reuters) – Corporate distress levels in Britain accelerated in the three months to February to their highest since June 2020, an index compiled by law firm Weil Gotshal & Manges shows. But corporate distress across other big European countries slowed marginally as expectations of a deep and prolonged recession eased according …

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Clergy sex abuse victims feel ‘vindicated’ after Vatican talks

By Alvise Armellini VATICAN CITY (Reuters) – Survivors of Roman Catholic clergy sex abuse from Britain and Ireland said on Thursday they finally felt vindicated after “transformative” meetings with Pope Francis and leaders of the Comboni Missionary order. The survivors were abused as teenagers in the 1960s and 1970s, while studying to be missionary priests …

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Frontline’s Fredriksen appointed to Euronav supervisory board

(Reuters) – Belgian oil tanker and storage operator Euronav said on Thursday its shareholders had elected John Fredriksen from Frontline, a major investor that pulled out of a merger deal with Euronav this year, to its supervisory board. Euronav said shareholders had also approved the nomination to the supervisory board of Marc Saverys from CMB, …

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Rusal plans further lawsuit against Potanin over Nornickel pact

By Sam Tobin and Clara Denina LONDON (Reuters) – Aluminium giant Rusal plans to bring further lawsuit in London against Vladimir Potanin, CEO of Nornickel, court documents show, marking the latest flare-up in relations between two of Russia’s biggest metal companies. Rusal wishes to “bring certain further claims” against Potanin and his affiliate Whiteleave Holdings …

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