By David Milliken and Sarah Young LONDON (Reuters) -The International Monetary Fund no longer expects a recession in Britain this year, it said on Tuesday, praising steps taken by the government to stabilise the economy and fight inflation and warning against pre-election tax cuts. The IMF said gross domestic product now looks set to grow …
IMF says Britain no longer faces recession this year Read More »
By William Schomberg and Andy Bruce LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Tuesday the British central bank had “very big lessons to learn”, with inflation still in double digits and food prices rising at the fastest rate since the 1970s. Bailey and other top BoE officials faced two hours of often …
BoE’s Bailey says ‘big lessons’ to be learned from UK inflation surge Read More »
By David Shepardson WASHINGTON (Reuters) -TikTok Inc on Monday filed a lawsuit challenging the state of Montana’s new ban on use of the Chinese-owned app, the first state to bar the popular short-video sharing service. Â Â Â TikTok argues the ban, which would take effect on Jan. 1, violates First Amendment rights of the company and …
By Jonathan Stempel (Reuters) – A judge dismissed a proposed class-action lawsuit against Elon Musk that claimed he cheated Twitter shareholders several times last year in the course of buying the social media company for $44 billion. In a decision on Monday, U.S. District Judge Charles Breyer in San Francisco said plaintiff William Heresniak lacked …
Judge throws out shareholder lawsuit against Elon Musk over Twitter buyout Read More »
By Burcu Karakas and Huseyin Hayatsever ANKARA (Reuters) – Turkey’s third-place election candidate endorsed President Tayyip Erdogan on Monday, boosting the incumbent and intensifying the challenges for opposition candidate Kemal Kilicdaroglu in a Sunday runoff vote. Sinan Ogan, a hardline nationalist who was little known among the broader public before the campaign, won 5.2% support …
Turkey’s third-place candidate endorses Erdogan in runoff Read More »
By Catarina Demony and Luis Ferreira SILVES, Portugal (Reuters) -Portuguese police will on Tuesday search a reservoir inland from where British three-year-old Madeleine McCann disappeared in 2007, authorities said, in the first formal development in the case in Portugal in several years. A fire brigade spokesperson said police were preparing to start searches on Tuesday …
Police to search Portuguese dam 16 years after Madeleine McCann vanished Read More »
STOCKHOLM (Reuters) -Volvo Group said on Monday its unit Volvo Trucks plans to sell 1,000 electric trucks to Swiss building solutions provider Holcim for delivery over the next seven years, the biggest order ever for Volvo electric trucks. “The deal is the largest commercial order to date for Volvo electric trucks,” said AB Volvo, which …
Volvo wins record order for electric trucks from Holcim Read More »
By Suban Abdulla LONDON (Reuters) – Changes to Britain’s immigration system since leaving the European Union have not incentivised firms to invest more in the recruitment and training of UK-based workers, a report from the Chartered Institute of Personnel Development found on Tuesday. The CIPD explored how British companies adapted to the point-based immigration system …
Post-Brexit immigration rules failing to encourage firms to train UK workers – CIPD Read More »
(Reuters) -The governor of Russia’s Belgorod region said on Monday that a Ukrainian “sabotage group” had entered Russian territory in the Graivoron district bordering Ukraine and was being repelled by Russian security forces. Unverified reports of attacks well past midnight on the main town of the region bordering Ukraine were posted on social media. Reports …
Russian governor says Ukrainian ‘saboteurs’ cross border, Ukraine credits partisans Read More »
By David Thomas and Sara Merken (Reuters) – A planned merger between London-founded Allen & Overy and New York-founded Shearman & Sterling would be one of the biggest law firm tie-ups in decades, creating a 3,900-lawyer firm with a combined $3.4 billion in revenue. The proposed new firm A&O Shearman, which the firms announced on …
A&O Shearman merger would be a blockbuster, but maybe not a harbinger Read More »
