Reuters UK/EU

Bank of England’s Dhingra calls for more interest rate cuts

By David Milliken (Reuters) -The Bank of England needs to cut interest rates further as its policy stance is still very restrictive and is hurting living standards, business investment and potentially longer-term productivity, policymaker Swati Dhingra said on Friday. “A combination of all of those factors – the weak consumption, the weak investment and possible …

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Soccer-‘Won my Premier League trophies fairly’: Mourinho hits back at Guardiola

(Reuters) – Jose Mourinho said the Premier League trophies he won at Chelsea were achieved fairly, responding to Manchester City boss Pep Guardiola’s comments that he had six English top-flight titles while the Portuguese coach only had three. Guardiola, whose team lost 2-0 at Liverpool on Sunday, held up six fingers to home fans to …

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Lithuania sees ‘quite high probability’ that Baltic Sea cables were intentionally cut

By Andrius Sytas VILNIUS (Reuters) -Lithuania’s President Gitanas Nauseda said on Friday that there was a quite high probability that the two undersea fibre-optic cables that were damaged last month in the Baltic Sea were cut intentionally. Both cables, one connecting Finland and Germany and the other connecting Sweden and Lithuania, were repaired and are …

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Exclusive-Varo Energy in talks to buy Preem’s Swedish refineries, sources say

By Robert Harvey, Marek Strzelecki and Anna Hirtenstein LONDON (Reuters) – European energy firm Varo Energy is in talks to acquire Preem’s two Swedish refineries in a bet on growing demand for low-carbon biofuels, four industry sources told Reuters. Varo has been expanding fast in Europe’s refining and fuel trading in recent years. The company …

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South Africa to deport killer of anti-apartheid leader Hani to his native Poland

JOHANNESBURG (Reuters) – South Africa will deport Janusz Walus, a far-right extremist who assassinated anti-apartheid leader Chris Hani in 1993, to his native Poland on Friday, the government said. Walus, 71, served nearly 30 years of a life sentence for Hani’s murder in a South African prison. In 2022 he was released on parole, sparking …

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Norway’s wealth fund can start selling Russian stocks, finance ministry says

By Gwladys Fouche OSLO (Reuters) -Norway’s $1.8 trillion sovereign wealth fund, the world’s largest, can start selling stocks it holds in Russian companies, as long as it complies with international sanctions, the deputy finance minister told Reuters on Friday. “Permission to sell the fund’s Russian stocks is given on the condition that the sale can …

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