LISBON (Reuters) – The European Central Bank’s key interest rates should soon hit their peak amid efforts to bring down inflation, unless new external shocks emerge, ECB Governing Council member Mario Centeno said on Friday. He told a conference that interest rates will rise until the ECB thinks inflation can be brought down to its …
ECB’s Centeno says interest rate close to peaking if no new shocks Read More »
By Carolyn Cohn LONDON (Reuters) -Asset manager CBRE Investment Management has delayed withdrawal requests from some UK property fund investors due to “ongoing market conditions”, a spokesperson said, bringing the total facing curbs in such funds to 15 billion pounds ($17.8 billion). Open-ended real estate funds in Britain have been battling to meet a surge …
UK property funds facing curbs on withdrawals reach $17.8 billion Read More »
By James Davey LONDON (Reuters) – Updates next week from Britain’s biggest retailers including Tesco, Sainsbury’s and Marks & Spencer are expected to confirm that while Christmas was not the disaster that some had feared, consumer demand is set to weaken in 2023, denting profit. Ahead of Christmas, European retailers fretted that the key trading …
After Christmas relief UK retailers face 2023 reality check Read More »
LONDON (Reuters) -British Prime Minister Rishi Sunak said on Friday he was hoping for constructive talks with trade union leaders next week, as thousands of workers in industries from rail to healthcare take strike action in disputes over pay. “We want to have a grown up, honest conversation with all union leaders about what is …
UK PM Sunak hopes for ‘constructive’ talks with trade union leaders Read More »
LONDON (Reuters) – The UK pensions regulator’s policy director will leave in March, the regulator said on Friday, as it faces scrutiny following a pensions liquidity crisis last year. David Fairs, Executive Director of Regulatory Policy, Analysis and Advice, will leave in mid-March, The Pensions Regulator said in a statement. “A New Year is a …
UK pensions regulator’s policy director steps down Read More »
By Mike Stone and Steve Holland WASHINGTON (Reuters) -A new U.S. weapons package for Ukraine will include about 50 Bradley Fighting Vehicles, two U.S. officials said on Thursday, with one of the officials saying the package will be worth roughly $2.8 billion. On Wednesday, President Joe Biden said that sending the Bradleys, a U.S. Army …
U.S. weapons package for Ukraine includes 50 Bradley Fighting Vehicles -officials Read More »
WASHINGTON (Reuters) – U.S. President Joe Biden signed a condolence book for former Pope Benedict in Washington on Thursday, paying his respects to the former pontiff on the day his funeral mass was held in Vatican City. Biden, a devout Catholic, lauded Benedict after his death for being “a renowned theologian, with a lifetime of …
Biden signs condolences for former Pope Benedict in Washington Read More »
By Raphael Satter LONDON (Reuters) – Hackers stole the email addresses of more than 200 million Twitter users and posted them on an online hacking forum, a security researcher said Wednesday. The breach “will unfortunately lead to a lot of hacking, targeted phishing and doxxing,” Alon Gal, co-founder of Israeli cybersecurity-monitoring firm Hudson Rock, wrote …
Twitter hacked, 200 million user email addresses leaked, researcher says Read More »
By Joseph White and Aishwarya Nair (Reuters) -Chrysler parent Stellantis NV Chief Executive Officer Carlos Tavares said on Thursday that more auto plant closures will happen if high prices for electric vehicles (EV) cause vehicle markets to shrink from pre-pandemic levels. Automakers will risk losing pricing power as chip supplies recover, Tavares said at the …
Stellantis CEO warns of more auto plant closures Read More »
ISTANBUL (Reuters) -Turkish President Tayyip Erdogan said on Thursday he may meet Syria’s Bashar al-Assad as part of a new peace process, after their defence ministers met last week for the highest-level talks between the two foes since the Syrian war began in 2011. In a speech in Ankara, Erdogan said the next step, following …
Leaders of Turkey, Syria could meet for peace – Erdogan Read More »
