Reuters UK/EU - Squid Business

Chinese embassy criticises former UK PM Truss’s visit to Taiwan

LONDON (Reuters) -Former British Prime Minister Liz Truss’s visit to Taiwan was on Tuesday described as a “dangerous political show which will do nothing but harm to the United Kingdom” by a spokesperson for the Chinese embassy in London. “We urge the relevant British politician to correct her wrongdoing, stop making political shows with the Taiwan question, and stop conniving at …

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UK and EU agree to strengthen cooperation on migration

LONDON (Reuters) – Britain and the EU have agreed to strengthen cooperation on migration with new working arrangement between British agencies and the European Border and Coast Guard Agency, a readout from British Prime Minister Rishi Sunak’s office said on Tuesday. “UK and EU teams will now discuss the details and operationalisation of this new …

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After enduring shortages, Britain to review horticulture and egg supply

LONDON (Reuters) -Britain, grappling with a cost-of-living crisis and food inflation not seen for almost 50 years, will review its horticulture and egg supply chains after shoppers faced shortages, the government said on Tuesday. Earlier this year, Britons struggled to get hold of tomatoes, cucumbers and peppers after disrupted harvests in north Africa and Spain …

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Making the four-day week work for Britain

By Sarah Young and David Milliken HOVE, England (Reuters) – Two workers glide between a computer screen and a stainless steel vat making face cream, a scientist in a white coat mixes a formula and a colleague sticks labels on bottles. Apart from the whir of machines, there is silence: this is “deep work time” …

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London stocks reverse gains as financial and energy stocks dip; Vodafone slides

By Johann M Cherian and Shashwat Chauhan (Reuters) -Britain’s FTSE 100 erased earlier gains and closed lower on Tuesday, as losses in financial and energy stocks coupled with weakness in China-exposed firms weighed, while Vodafone Group shares tumbled after it forecast a big drop in fresh cash flow. The blue-chip FTSE 100 dipped 0.3%, while …

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New Vodafone boss takes aim at costs with 11,000 global job cuts

By Paul Sandle and Sarah Young LONDON (Reuters) -New Vodafone boss Margherita Della Valle said she would cut 11,000 jobs globally over three years to help the telecoms group regain its competitive edge after it warned that a poor performance in its biggest market Germany would hit cash flow. Shares in Vodafone, which has underperformed …

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Erdogan rival appeals to Turkish youth ahead of runoff vote

By Daren Butler and Ezgi Erkoyun ISTANBUL (Reuters) -Tayyip Erdogan’s presidential challenger appealed to young Turkish voters on Tuesday to support him in a May 28 election runoff, as he seeks to prevent the president extending his rule of NATO-member Turkey into a third decade. Kemal Kilicdaroglu, the candidate of a six-party opposition alliance, won …

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EU raw material targets need money and faster permits, sector chief says

By Philip Blenkinsop BRUSSELS (Reuters) – The European Union will only meet ambitious targets to reduce its reliance on China and other countries for critical materials by rapidly scaled-up financing and accelerated permitting, according to the head of an EU sector alliance. Under the EU Critical Raw Materials Act, which has yet to enter force, …

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FTC to block Amgen’s $27.8 billion deal for Horizon Therapeutics – source

(Reuters) -The U.S. Federal Trade Commission is expected to file a lawsuit as early as Tuesday to block Amgen Inc’s $27.8 billion deal to buy Horizon Therapeutics PLC, a person familiar with the matter told Reuters. Amgen struck a deal last year to buy Horizon to strengthen its rare diseases drugs portfolio. The company has …

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German economic growth to remain muted in near term – IMF

BERLIN (Reuters) -The German economy has shown resilience over the last year thanks to a strong policy response and a mild winter, but economic growth will remain muted in the near term, the International Monetary Fund (IMF) said on Tuesday. Tighter financial conditions and the energy price shock have begun to weigh on near-term growth, …

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