TOKYO (Reuters) – Tokyo aims to deepen its ties with the City of London by promoting financial collaboration and exchanging information, while promoting the push towards sustainable finance, Governor Yuriko Koike said on Thursday. “We exchanged views o…
ICE to cease CDS clearing in London in March 2023
By Huw Jones LONDON (Reuters) – Intercontinental Exchange said on Thursday it would stop clearing credit default swaps in London next year and shift the activity to Chicago, helping to shield itself from any rupture from the European Union. The loss of…
Reliance to launch British sandwich outlet Pret A Manger in India
By Aditya Kalra and Abhirup Roy MUMBAI (Reuters) -Reliance Industries said on Thursday it would open outlets of Pret A Manger in India under a franchise deal with the British sandwich and coffee chain, a first foray by the Indian firm in the country’s …
Ferrari to churn out gas guzzlers on its slow road to electric
By Giulio Piovaccari and Nick Carey MARANELLO, Italy (Reuters) – Ferrari makes some of the fastest cars on the road, but the luxury Italian automaker is taking the slow lane to an electric future as it tries to overcome the technology’s disadvantages a…
Savings and algorithms: UK supermarkets battle cost of living crisis
By James Davey LONDON (Reuters) – Facing the toughest economic conditions in decades, Britain’s supermarkets are cutting product ranges, searching for cost savings and patrolling each other’s stores to check prices and products as they try to stay one …
‘Lessons learned’, but no details of royal review of Meghan bullying claims
By Michael Holden LONDON (Reuters) – Buckingham Palace says lessons have been learned following a review into bullying allegations made by royal staff against Meghan, the Duchess of Sussex, although it declined to give any details about the report’s co…
Oil falls 3% on uncertainty over future OPEC+ output, recession fears
By Stephanie Kelly NEW YORK (Reuters) -Oil prices sank around 3% on Thursday as OPEC+ confirmed it would only increase output in August as much as previously announced despite tight global supplies, but left the market wondering about future output. Br…
Ukrainian troops train in Britain to use advanced rocket systems
LONDON (Reuters) – Hundreds of Ukrainian troops have completed military training in Britain, including on the Multiple Launch Rocket Systems (MLRS) the British government is supplying to help counter Russian artillery tactics. Media were invited to fil…
Britain’s car output revs up in May after 10-month slump
(Reuters) – Britain’s car production snapped a ten-month slump in May with a rise of 13.3% as the output of electric vehicles more than doubled and the sector recovered from pandemic lows, industry data showed on Thursday. Factories produced 62,284 veh…
Britain pledges to tackle trade barriers for exporters
LONDON (Reuters) – Britain’s trade minister will on Thursday pledge to target dozens of bureaucratic barriers to exports in a pitch for freer trade, the day after she extended a protectionist package of tariffs and quotas on steel products. Anne-Marie …