Reuters UK/EU

By Michael Holden LONDON (Reuters) – Senior executives of Mirror Group Newspapers authorised widespread illegal activity at their tabloids including the targeting of a British royal, the lawyer for Prince Harry and others suing the publisher said on Thursday. Harry, King Charles’ younger son, and more than 100 others including celebrities and high-profile figures, are …

Top paper executives covered up unlawful behaviour, Prince Harry’s lawyer says Read More »

MILAN (Reuters) – Italian authorities and financial firms on Wednesday discussed plans to rescue Eurovita by dividing up the troubled life insurer among leading players in the industry, two people close to the matter said. Under the scheme, top insurers Generali, UnipolSAI, Intesa Sanpaolo, Allianz and Poste Italiane would each take on a piece of …

Italy discusses break-up rescue for Eurovita – sources Read More »

By Tim Reid (Reuters) – Republican former President Donald Trump on Wednesday played down the severity of a potential U.S. government default, saying the consequences of a failure by Congress to raise the nation’s debt limit “could be maybe nothing.” Most economists warn that a failure to raise the debt ceiling by June 1, when …

Trump plays down consequences of a US default: ‘Could be maybe nothing’ Read More »

By Joan Faus, Nacho Doce and Charlie Devereux VACARISSES, Spain (Reuters) – Many people were drawn to the town of Vacarisses near Barcelona in the 1970s by the suburban dream of homes with large gardens and swimming pools to provide respite during long, hot summers. But now that lifestyle is under threat as a severe …

Spain’s swimming pools feel the heat as water supplies dwindle Read More »

By Suban Abdulla LONDON (Reuters) – British property surveyors reported a drop in demand in April as new buyers turned more cautious ahead of the Bank of England’s latest expected interest rate increase, an industry survey showed on Thursday. The Royal Institution of Chartered Surveyors (RICS) said its measure of new buyer enquiries fell to …

British home-buyers, facing higher interest rates, retreat in April – RICS Read More »

By David Milliken LONDON (Reuters) – British Prime Minister Rishi Sunak risks missing his goal of halving inflation this year as underlying inflation shows little sign of having peaked in Britain or abroad, according to new economic forecasts published by a think-tank on Thursday. The National Institute of Economic and Social Research (NIESR) estimated annual …

UK’s Sunak may fall short on 2023 inflation goal, NIESR forecasts Read More »

By William Schomberg LONDON (Reuters) – The Bank of England (BoE) is poised to raise borrowing costs for the 12th meeting in a row on Thursday, as it tries to tackle stubbornly high inflation that stands at double the level of the United States and much higher than in the euro zone too. Investors are …

Bank of England poised to raise rates again to tackle stubborn inflation Read More »

LONDON (Reuters) – Bank of America has hired former BNP Paribas banker Benoit Nevouet to be the manager of a newly created Luxembourg branch as the U.S. lender seeks to grow its business in Europe, a senior executive at Bank of America told Reuters. The opening of a branch in the small but wealthy country …

Bank of America opens Luxembourg branch in Europe funds push Read More »