Reuters UK/EU

By Susanna Twidale LONDON (Reuters) – Governments globally raised a record $63 billion from the sale of carbon allowances in emission trading systems in 2022, as many countries increased ambitions to cut pollution despite record high energy prices following Russia’s invasion of Ukraine, a report said on Wednesday. Many countries and regions have launched emissions …

Record $63 billion raised from carbon allowance sales in 2022 – report Read More »

By Andrius Sytas VILNIUS (Reuters) – The spiritual head of the world’s Orthodox Christians said on Wednesday that Russia’s powerful Orthodox Church shared responsibility for the conflict in Ukraine but that he stood ready to help in Russia’s postwar “spiritual regeneration”. Ecumenical Patriarch Bartholomew’s comments are a rebuke for Russian Patriarch Kirill, whose full-throated blessing …

Ecumenical patriarch: Russian Church shares blame for ‘crimes’ in Ukraine Read More »

(Reuters) -Amazon.com Inc on Wednesday raised the minimum starting pay for its employees at its UK operations by up to 50 pence to between 11 pounds ($13.50) and 12 pounds per hour, a move that has angered its union that had demanded a bigger hike. The pay rise comes less than a week after hundreds …

Amazon raises hourly pay for UK workers by 50 pence; union mulls more strikes Read More »

By Huw Jones LONDON (Reuters) – Tougher rules for liability-driven investment (LDI) funds due next week from the Bank of England must strike a balance between improving resilience and allowing the funds to remain useful, UK government ministers said on Wednesday. LDI funds, used by pension schemes to match assets with payouts, were caught out …

Bank of England told to strike a balance in regulating LDI funds Read More »

By Marc Jones LONDON (Reuters) – The European Central Bank and euro zone national central banks will publish in their first detailed “carbon footprints” in the coming days, figures that will show the environmental impact of years of crisis-fighting efforts. The ECB and the 20 countries that use the euro have spent trillions of euros …

ECB to publish first detailed carbon footprint Read More »

By Sam Tobin LONDON (Reuters) – Russian aluminium tycoon Oleg Deripaska on Wednesday denied lying about the relocation of EN+ Group from Jersey to Russia to avoid U.S. sanctions, as he fights his former business partner’s attempt to jail him at London’s High Court. Deripaska, founder of aluminium giant Rusal, has been locked in a …

Deripaska denies lying to London court in Russian tycoon feud  Read More »

LONDON (Reuters) -Twenty-five people were injured when a ship came off its holding and tipped on its side in a dry dock in Leith, Scotland on Wednesday, the Scottish Ambulance Service said, with 15 taken to hospital. Ten people were treated and discharged at the scene, the emergency service added in a statement. Pictures posted …

Ship topples in dry dock in Scotland injuring 25 Read More »

LISBON (Reuters) – Cocaine use has increased across Europe, an EU-wide wastewater study showed on Wednesday, with the highest levels of residues found in Belgium, Spain, Portugal and the Netherlands. The study, the largest to date by the Lisbon-based European drugs monitoring agency EMCDDA, analysed daily wastewater in the catchment areas of treatment plants serving …

Cocaine use has risen across Europe, study shows Read More »

By Susanna Twidale LONDON (Reuters) – Chris O’Shea, CEO of British Gas owner Centrica, will receive a pay package worth 4.5 million pounds ($5.5 million) for 2022, the company’s annual report showed on Wednesday, following record profits driven by a surge in energy prices. The pay-out comes as millions of British households struggle to pay …

UK’s Centrica boss to get $5.5 million pay package for 2022 Read More »

By Huw Jones LONDON (Reuters) – Britain on Wednesday played down the possibility of diverging from a globally-set accounting rule which some lawmakers blame for encouraging pension schemes to prefer low risk government bonds over stock markets. City minister Andrew Griffith in February said a global accounting rule needed reviewing as it had become a …

Britain says it won’t ditch global accounting rule to unlock pensions cash Read More »