LONDON (Reuters) – U.S. bank Citi said on Wednesday it now expected two further Bank of England interest rate hikes, rather than the one it had previously forecast, and no rate cut in November after inflation data came in higher than expected. “The headline data is ugly,” Citi economist Benjamin Nabarro said in a note …
Citi predicts two more BoE rate hikes after inflation data surprise Read More »
LONDON (Reuters) – An elderly woman who was struck two weeks ago by a police motorcycle escorting Sophie, the Duchess of Edinburgh, has died of severe internal injuries, and the British royal expressed her deep sadness over the incident. Helen Holland, 81, died after “suffering multiple broken bones and massive internal injuries”, her son Martin …
Woman hit by Duchess of Edinburgh’s police motorcycle dies Read More »
LONDON (Reuters) – British manufacturers expect to raise prices by the smallest amount since March 2021 over the next three months, though price increases will still be much faster than their long-run average, a survey showed on Wednesday. The figures highlight the uncertainty facing the outlook for inflation in Britain, where consumer price inflation has …
UK manufacturers expect lowest inflation since March 2021 – CBI Read More »
MADRID (Reuters) -Police detained seven men on Tuesday over separate alleged hate crime incidents against Real Madrid football player Vinicius Jr as Spain’s main soccer league urged changes to Spanish law that would enable it to take steps to curb racism in stadiums. Real Madrid manager Carlo Ancelotti expressed support for Vinicius Jr, whom he …
Soccer-Spain arrests 7 after racist incidents targeting Vinicius Jr Read More »
(Reuters) – The Russian navy’s newest nuclear-powered ballistic missile submarine will move to a permanent base in the Kamchatka Peninsula in August, Russia’s TASS news agency reported on Wednesday, as Moscow steps up its Pacific military presence. The Generalissimo Suvorov, which entered service at the end of 2022, carries up to 16 nuclear-tipped Russian Bulava …
Russia’s newest nuclear submarine to move to permanent Pacific base in August – TASS Read More »
By Alistair Smout LONDON (Reuters) – Britain recruited a record number of international nurses in the last financial year to plug hospital staffing shortages, with as many as 10% coming from so-called “red-list” countries where health staff should not be actively recruited. Britain has long hired from abroad to staff its state-run National Health Service …
Britain plugs nursing gaps with international staff amid WHO concern Read More »
By Pavel Polityuk KYIV (Reuters) -Ukraine accused Russia on Tuesday of effectively cutting the Ukrainian port of Pivdennyi out of a deal allowing safe Black Sea grain exports as Russia complained that it had been unable to export ammonia via a pipeline to Pivdennyi under the pact. The Black Sea deal – brokered last July …
Ukraine says Russia prevents Black Sea grain deal port operating Read More »
By Andrew Osborn (Reuters) -The Russian military said on Tuesday it had routed militants who attacked a Russian border region with armoured vehicles the previous day, killing more than 70 “Ukrainian nationalists” and pushing the remainder back into Ukraine. In what appeared to be one of the biggest incursions from Ukraine since the war began …
Russia says cross-border attack from Ukraine has been crushed, one civilian killed Read More »
(Reuters) -UBS Group AG said on Tuesday it was in negotiations with Swiss authorities about loss protections related to its takeover of Credit Suisse Group AG and its regulatory capital requirements. The disclosure underscores how some aspects of the tie-up between the two banks, arranged hastily over a weekend in mid-March by the Swiss government …
UBS in talks with Swiss authorities over Credit Suisse deal protections Read More »
By Simon Jessop LONDON (Reuters) – Climate-focused Regenerate Asset Management said larger British peer M&G will invest up to 150 million euros ($165.12 million) in the firm’s inaugural fund and take an equity stake in the company. Regenerate, launched in 2019, is part of a growing group of asset managers focused on accelerating action to …
UK’s M&G backs Regenerate Asset Management, sustainable food fund Read More »
