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(Reuters) – Ukrainian anti-graft authorities said on Monday they were investigating large-scale corruption in the country’s Supreme Court system and shared a photograph of piles of dollars neatly lined up on a sofa. The National Anti-Corruption Bureau of Ukraine (NABU) did not name anyone accused of corruption, but two local media organizations reported Supreme Court …

Ukraine authorities expose piles of cash in Supreme Court corruption probe Read More »

By David Randall and Carolina Mandl NEW YORK (Reuters) -Fund managers zeroed in on the U.S. financial sector during the first quarter, a period during which lenders’ shares were rocked by volatility following the worst banking crisis since 2008, regulatory filings showed on Monday. The S&P Regional Banking Index fell approximately 25% during the quarter …

Volatile banking sector saw big moves from funds in first quarter Read More »

By Suban Abdulla LONDON (Reuters) – Britons face the biggest tax-raising drive since the start of former prime minister Margaret Thatcher’s term of office in the coming years as more people are pushed into paying the top rate of income tax, a leading think tank said on Tuesday. The independent Institute for Fiscal Studies (IFS) …

Britons face biggest tax rise since 1979, think tank says Read More »

(Reuters) -British electric vehicle start-up Arrival SA said on Monday it had $130 million in cash and cash equivalents at the end of March, down nearly 37% from the end of December. The company, which did not provide any details on first-quarter results in its earnings release, said it has built three vans at its …

EV startup Arrival’s cash and equivalents slump at end of first quarter Read More »

By Marie-Louise Gumuchian LONDON (Reuters) – A musical based on hit novel “The Time Traveller’s Wife” is coming to London’s West End this autumn in a new theatrical adaptation featuring music and lyrics by Grammy Award winners Dave Stewart and Joss Stone. “The Time Traveller’s Wife: The Musical,” about the relationship between artist Clare and …

‘The Time Traveller’s Wife’ musical to open in London Read More »

(Reuters) -Billionaire investor William Ackman has built in the first quarter a new stake in Alphabet worth $1.1 billion, according to a regulatory filing on Monday.     According to the filing, Ackman’s hedge fund Pershing Square Capital Management owned 8.1 million class C shares and 2.2 million shares class A of Alphabet at the end …

Pershing Square unveils new stake in Alphabet Read More »

By Dan Peleschuk and Kylie MacLellan KYIV/LONDON (Reuters) – Ukraine on Monday hailed its first substantial battlefield advances in six months as President Volodymyr Zelenskiy won pledges for new long-range drones in Britain to add to a haul of Western arms for a counteroffensive against Russian invaders. Since last week, the Ukrainian military has started …

Ukraine hails gains in Bakhmut as Zelenskiy wins more weapons in Europe Read More »

By Steve Holland and David Brunnstrom WASHINGTON (Reuters) – The G7 summit U.S. President Joe Biden attends in Japan this week will show leaders unified behind a common approach to dealing with China based on shared values, even while recognizing each country will manage its own relationship with Beijing, a senior U.S. administration official said …

G7 to show unity on China approach while recognizing individual ties -US officials Read More »

By David Milliken LONDON (Reuters) -The Bank of England needs to guard against second-round inflationary effects which could see inflation bottom out at 4% or 5%, rather than return to its 2% target, BoE Chief Economist Huw Pill said on Monday. “The risk is … that self-sustaining, second-round-effect momentum within the UK economy keeps inflation …

Bank of England’s Pill says BoE must guard against inflation sticking above 2% Read More »