Reuters UK/EU - Squid Business

Exclusive-Ten EU countries seek wider sanctions on Russian-origin metal – letter

By Pratima Desai and Julia Payne London/Brussels – Ten European Union (EU) countries have proposed further sanctions on Russian trade, including its output of metals such as aluminium, to further cut the country’s revenues and funding for its war in Ukraine, a letter seen by Reuters showed. There are more than 2,000 individuals and entities …

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Germany’s Scholz loses confidence vote, paving way for elections

BERLIN (Reuters) – German Chancellor Olaf Scholz lost a parliamentary confidence vote on Monday, paving the way for snap elections in February intended to lead Germany out of a political crisis triggered by the collapse of his coalition. (Reporting by Friederike Heine, editing by Rachel More)

EU takes two cases against Britain to Court of Justice

(Reuters) – The European Commission said on Monday it had referred two cases against Britain concerning free movement of EU citizens and investment treaties to the EU Court of Justice. The Commission said London had failed to comply with European Union law on the free movement of EU citizens at the end of 2020, after …

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Israeli forces carry out air, ground attacks in Gaza; dozens dead

By Nidal al-Mughrabi CAIRO (Reuters) -Israeli strikes in Gaza killed at least 53 Palestinians, including a journalist and rescue workers, medics said, and the Israeli military said its air and ground forces in the north of the enclave killed dozens of militants and captured others. An airstrike hit the civil emergency centre in the Nuseirat …

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Ukraine blames Russia for Black Sea oil spill

(Reuters) – Ukraine said on Monday Russia was to blame for a major oil spill in the Kerch Strait that leads into the Black Sea, accusing Moscow of breaking navigation safety rules by using old tankers and keeping two vessels at sea during a storm. A Russian oil tanker split apart during a storm on Sunday, while …

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Soccer-Spanish FA elects Louzan as new chief after long turmoil

By Fernando Kallas MADRID (Reuters) -The general assembly of Spain’s soccer federation (RFEF) elected Rafael Louzan as president on Monday after more than a year of turmoil at the scandal-ridden body following the downfall of former chief Luis Rubiales and his right-hand man Pedro Rocha. Head of Galicia’s regional FA, Louzan, 57, received 90 votes …

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Disaster insurance set to test Italy’s business backbone in 2025

By Alberto Chiumento and Andrea Mandala ROME (Reuters) – Italian companies are preparing to comply with a requirement to take out natural disaster insurance from next April, although some fear it will be hard to enforce and too costly. Many small and medium-sized firms, which form the backbone of Italian business, have until now bet …

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Aussie regulator sues Ladbrokes owner Entain over anti-money laundering breaches

(Reuters) -Australia’s financial crime watchdog has launched legal proceedings against Ladbrokes owner Entain, alleging breaches of the country’s anti-money laundering (AML) and counter-terrorism financing (CTF) laws by its online betting platforms. The Australian Transaction Reports and Analysis Centre (AUSTRAC) said on Monday that Entain Group Pty Ltd’s management failed to adequately oversee its AML and …

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Russia’s key rate seen climbing by another 200 bps to 23%: Reuters poll

By Elena Fabrichnaya MOSCOW (Reuters) – The Russian central bank is expected to hike its key interest rate by another 200 basis points (bps) to 23% at its last rate-setting meeting of 2024 this week, according to a Reuters poll, as high inflation has been exacerbated by a weaker rouble. Twenty-three of 27 economists in …

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Soccer-Austrian striker Burgstaller suffers skull fracture in assault

(Reuters) – Rapid Vienna’s Austrian striker Guido Burgstaller suffered significant head injuries during an attack in Vienna at the weekend, the club said on Monday. Burgstaller, who previously played with Cardiff City and Schalke 04, is in his second spell at the club and has made 26 appearances for Austria. “The 35-year-old was attacked by …

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