(Reuters) -Britain’s CareTech has agreed to be bought by a consortium led by its co-founders for about 870.3 million pounds ($1.1 billion) as the social care services firm opts for its founders’ experience to steer the ship over a rival bidder. Shares …
China Evergrande faces winding-up lawsuit in Hong Kong
HONG KONG (Reuters) – A winding-up petition has been filed against embattled property developer China Evergrande Group at the Hong Kong high court, the judiciary’s website showed. The petition was made by “Top Shine Global Limited of Intershore Consult…
FCA launches investigation into Wise CEO after tax default
LONDON (Reuters) – Money transfer company Wise said on Monday that Britain’s Financial Conduct Authority (FCA) has launched an investigation into its CEO Kristo Käärmann after he was named on a list of tax defaulters. “Kristo intends to cooperate fully…
Casualties reported after house explosion in Birmingham- police
(Reuters) – An explosion has destroyed one house and significantly damaged others in the Kingstanding area of Birmingham with casualties reported, British police said on Sunday. (Reporting by Shubham Kalia in Bengaluru; Editing by Daniel Wallis)
Ghislaine Maxwell reported jail staff threatened her safety, prompting suicide watch
By Luc Cohen NEW YORK (Reuters) – Ghislaine Maxwell reported Brooklyn jail staff threatened her safety, prompting employees to place her on suicide watch, prosecutors said on Sunday, arguing there was no need to delay her sentencing on sex trafficking …
G7 nations are worried about global economic crisis – Scholz
SCHLOSS ELMAU, Germany (Reuters) – All leaders of the Group of Seven rich democracies are concerned about a looming economic crisis as growth slows and inflation soars, German Chancellor Olaf Scholz said after a working session on the global economy at…
Diana Ross spreads the love at Glastonbury
GLASTONBURY, England (Reuters) – It was a sun-drenched love affair between Diana Ross and revellers at Glastonbury on Sunday when the U.S. singer played in the “legends” slot on the final day of the festival. Wearing a sparkling gown, feather head-dres…
Hundreds protest for climate justice as G7 leaders meet in Bavaria
GARMISCH-PARTENKIRCHEN, Germany (Reuters) – Hundreds of protesters marched in the southern German town of Garmisch-Partenkirchen on Sunday, near where leaders of the Group of Seven countries are meeting, demanding action on climate change. Leaders of t…
French lawmakers plan $8.4 billion aid for households to fight inflation
PARIS (Reuters) – French lawmakers are drafting a bill to shore-up household buying power by raising some forms of government assistance by 4%, at a cost of 8 billion euros ($8.44 billion) from July to April next year, business daily Les Echos reported…
G7 aims to raise $600 billion to counter China’s Belt and Road
By Andrea Shalal SCHLOSS ELMAU, Germany (Reuters) – Group of Seven leaders on Sunday pledged to raise $600 billion in private and public funds over five years to finance needed infrastructure in developing countries and counter China’s older, multitril…