Reuters UK

By Stephanie Kelly NEW YORK (Reuters) -Oil prices tumbled about 3% on Wednesday as investors worried that rate hikes by the Federal Reserve could push the U.S. economy into recession, dampening demand for fuel. Brent crude futures were down $2.95, or 2…

By Huw Jones LONDON (Reuters) – The financial sector should not bet on remaining deadlines changing for the phasing out of the use of Libor interest rates, Britain’s Financial Conduct Authority (FCA) said on Wednesday. Helen Boyd, head of markets polic…

By Olivier Sorgho and Sarah Morland (Reuters) -Belgium’s Umicore on Wednesday presented a 5 billion euro plan to bulk up its battery materials business by 2026, as it prepares for soaring demand largely driven by electrical vehicle production. Averagin…

COPENHAGEN (Reuters) – Iceland’s central bank raised its key policy rate by 100 basis points to 4.75% on Wednesday, the third hike this year, to cope with increasing inflationary pressure. (Reporting by Stine Jacobsen, editing by Terje Solsvik)

BERLIN (Reuters) – German trade union ver.di is demanding a 9.5% pay rise, or at least 350 euros ($368) more over 12 months for Lufthansa ground staff, it said on Wednesday. The minimum hourly wage should increase to 13 euros, the union said. A first r…

By Sinead Cruise and Iain Withers LONDON (Reuters) – The British government is extending a trading plan to help sell down the taxpayer’s stake in NatWest Group by another 12 months, as chills in the global economy continue to weigh on the share prices …

STOCKHOLM (Reuters) – A Swedish appeals court on Wednesday upheld a ruling by a lower court that bans Chinese telecoms company Huawei from selling 5G equipment in the Nordic country. (Reporting by Supantha Mukherjee in Stockholm; editing by Terje Solsvik)

By Sruthi Shankar and Susan Mathew (Reuters) -European stocks bounced off session lows on Wednesday after Federal Reserve Chair Jerome Powell said the U.S. central bank is “strongly committed” to bringing down inflation. Wall Street erased losses to tu…

(Reuters) – UK shares fell more than 1% on Wednesday after the country’s inflation accelerated to a 40-year-high, adding further pressure on the Bank of England to raise interest rates, while falling crude and metals prices sent commodity-linked stocks…

By Alexander Cornwell and Tim Hepher DOHA (Reuters) -Two high-tech Airbus A350 jets sit idle with their windows taped and engines covered in a floodlit hangar in the Gulf, hobbled by an international legal dispute between European industrial giant Airb…