Reuters UK/EU

By Alexander Marrow MOSCOW (Reuters) -Russia’s central bank on Friday warned that further widening of the country’s budget deficit may compel it to raise interest rates, sending a hawkish signal as it kept the cost of borrowing unchanged but adjusted forecasts for the year ahead. Russia recorded a budget deficit of almost $25 billion in …

Hawkish Russian central bank warns of deficit threat as it holds rates Read More »

FRANKFURT (Reuters) -The European Central Bank must raise interest rates further as broad disinflation has not yet started, even if overall price growth has been declining quickly, ECB board member Isabel Schnabel said in a Twitter Q&A on Friday. The ECB has raised interest rates by 3 percentage points since July and promised another big …

ECB must keep raising rates; broad disinflation not yet happening: Schnabel Read More »

KIRIKHAN, Turkey (Reuters) -Rescuers pulled a woman alive out of the rubble of a collapsed building in Turkey on Friday, prompting cheers from onlookers 104 hours after she was buried by the huge earthquake that wrought death and destruction across the region. “Now I believe in miracles,” rescue team leader Steven Bayer, said after crews …

After 104 hours buried by Turkey earthquake, woman brought out alive Read More »

BERLIN (Reuters) -Volkswagen will speed up its shift to electric cars and revamp its software strategy in a five-year investment plan presented by management to the supervisory board on Friday, the automaker said in a statement. Bosses discussed how to rejig the German group’s production network to accelerate the move to cleaner driving, the statement …

VW to speed up electric shift in five-year plan Read More »

LONDON (Reuters) – Britain’s Co-operative Group said on Friday it was aware of an over 450 million pounds ($545 million) legal claim issued by the liquidators of The Food Retailer Operations Limited which it is disputing. The Co-op, which is owned by its members, and operates Britain’s seventh largest supermarket chain as well as funeral, …

Britain’s Co-op disputing 450 million stg legal claim Read More »

By Alexander Tanas CHISINAU (Reuters) -Moldova’s pro-Western government resigned on Friday after a turbulent 18 months in power marked by economic turmoil and the spillover effects of Russia’s war in neighbouring Ukraine. President Maia Sandu accepted Prime Minister’s Natalia Gavrilita’s resignation and nominated 48-year-old presidential aide and former interior minister Dorin Recean to replace her. …

Moldovan government quits amid economic turmoil, Russia tensions Read More »

By Andrius Sytas VILNIUS (Reuters) -A group of 35 countries, including the United States, Germany and Australia, will demand that Russian and Belarusian athletes are banned from the 2024 Olympics, the Lithuanian sports minister said on Friday, deepening the uncertainty over the Paris Games. The move cranks up the pressure on an International Olympic Committee …

Olympics row deepens as 35 countries demand ban for Russia and Belarus Read More »

WASHINGTON (Reuters) -The United States on Friday extended the status of Britain and New Zealand as countries exempt from the U.S. foreign investment screening program, the Treasury Department said, having determined that those countries’ own screening programs are robust enough. U.S. Treasury’s powerful Committee on Foreign Investment in the United States (CFIUS) said it made …

U.S. exempts Britain, New Zealand from foreign investment reviews -Treasury Read More »

BERLIN (Reuters) – German Defence Minister Boris Pistorius is pushing for a 10 billion euro increase of the defence budget in 2024 to help refill depleted ammunition stocks, Spiegel magazine reported on Friday. His ministry was concerned as the 100 billion euro special fund announced by Chancellor Olaf Scholz in February did not include funds …

German defence minister pushes for 10 billion euro budget increase – Spiegel Read More »