LONDON (Reuters) – British Prime Minister Boris Johnson raised a “relatively unusual situation” regarding a policy decision that could breach World Trade Organization commitments before his ethics adviser resigned, his spokesman said on Thursday The sp…
UK shares slide after BoE rate hike; ASOS slumps
By Devik Jain and Amal S (Reuters) -London stock indexes fell on Thursday after the Bank of England raised interest rates by an expected quarter percentage point, while a profit warning by online fashion retailer ASOS hit the retail sector. The blue-ch…
Bulgarian parliament speaker ousted, just as govt faces no confidence vote
SOFIA (Reuters) – Bulgaria’s parliament ousted the speaker on Thursday in a new blow to the coalition government of Prime Minister Kiril Petkov, who faces a vote of no-confidence next week. The opposition parties and the populist ITN party, which quit …
Airstrike kills at least three civilians in Ukraine’s Lysychansk – governor
KYIV (Reuters) – An airstrike hit a building sheltering civilians in Ukraine’s embattled eastern city of Lysychansk on Thursday, killing at least three and wounding at least seven according to local governor Serhiy Gaidai. “We are pulling apart the rub…
London Stock Exchange pours cold water on merging listing segments
By Huw Jones LONDON (Reuters) – Compressing Britain’s two company listing segments to attract more tech firms could put an existing “gamechanger” at risk, a top London Stock Exchange official said on Thursday. Britain wants to use its post-Brexit flexi…
Actor Kevin Spacey appears at UK court to face sex assault charges
LONDON (Reuters) -Oscar-winning actor Kevin Spacey appeared at a British court on Thursday to face allegations of sex offences after he was charged by London police earlier this week. Spacey is accused of five offences: four counts of sexual assault, a…
Credit Suisse, UBS well-placed despite diverging profits -SNB
ZURICH (Reuters) – The Swiss National Bank (SNB) said on Thursday that while profitability and market assessment for Switzerland’s two big banks Credit Suisse and UBS have diverged, they are well-placed to face the more challenging current environment …
Unilever switches some ingredients to adapt to commodities shortages
By Richa Naidu LONDON (Reuters) – As commodities – from crude oil to sunflower oil – remain in short supply, Britain’s Unilever has changed the ingredient makeup for some of its products like deodorants and packaged food to cut costs and mitigate suppl…
Russia’s first deputy PM says rouble is overvalued, sees inflation easing – Tass
(Reuters) – Russian First Deputy Prime Minister Andrei Belousov says the rouble is overvalued and industry would be more comfortable if it fell to between 70 to 80 against the U.S. dollar from the current 57, Tass news agency said on Wednesday. Belouso…
Gas supply to Czech Republic smooth despite Nord Stream cuts, minister says
PRAGUE (Reuters) – Gas supply to the Czech Republic remains smooth, Czech Industry Minister Jozef Sikela said on Wednesday as Russia’s Gazprom announced a further cut in the amount of gas it will pump to Europe through the Nord Stream 1 pipeline. Sikel…