LONDON (Reuters) – British business minister Kwasi Kwarteng said on Tuesday EDF had agreed to keep its West Burton coal-fired power station online over winter and discussions are ongoing with two other plants about doing the same. “With uncertainty in …
Search for missing journalist in Brazil nearing the end, indigenous group says
By Jake Spring ATALAIA DO NORTE, Brazil (Reuters) – The search for missing British journalist Dom Phillips and indigenous expert Bruno Pereira in Brazil’s Amazon rainforest was nearing the end on Tuesday, as the area left to search grows smaller, a spo…
Biden to meet with Saudi crown prince despite ‘pariah’ pledge
By Jarrett Renshaw and Nandita Bose WASHINGTON (Reuters) -U.S. President Joe Biden will meet Saudi Crown Prince Mohammed bin Salman during a trip to the Middle East in July, in a break with his campaign pledge of making the kingdom a “pariah” as he str…
Britain remembers victims of Grenfell fire, five years after deadly blaze
LONDON (Reuters) – London marked the deaths of 72 people in a tower block fire at memorial services across the city on Tuesday, five years after a blaze that shook the nation and revealed widespread and fatal flaws in building regulations. On June 14, …
How will the ECB contain fragmentation risk in euro area bond markets?
By Yoruk Bahceli, Dhara Ranasinghe and Stefano Rebaudo LONDON (Reuters) – As the European Central Bank rushes to exit stimulus and raise interest rates to tame inflation, bond markets are testing its ability and willingness to act against the strains t…
EU cartel raids target fashion designers proposing sales periods, discount changes – sources
By Foo Yun Chee BRUSSELS (Reuters) -EU antitrust regulators, which raided some fashion companies last month, are focusing on a group of designers who two years ago called for changes in sales periods and discounts, people familiar with the matter said….
Ireland plans for ‘living wage’ to replace minimum wage
DUBLIN (Reuters) – The Irish government on Tuesday said it plans to replace the current minimum wage with a new ‘living wage’ that will be set at 60% of the median wage in any given year. The proposal to replace the minimum wage will be phased in over …
Ferguson primed for higher profit as homeowners buy plumbing parts
(Corrects paragraph 6 to remove FTSE 100 reference) (Reuters) -North America-focused plumbing parts distributor Ferguson Plc on Tuesday estimated a higher annual operating profit on continued strong demand from residential customers in the United State…
Kyiv parish ravaged by occupation makes painful split from Moscow
By Conor Humphries IRPIN, Ukraine (Reuters) – For years a vocal minority at Saint Nicholas’ parish in the middle-class Kyiv commuter town of Irpin resisted calls to split from their spiritual fathers in Moscow. A millennium of sacred ties between Russi…
Investcorp sells softgarden to Grupa Pracuj for $125 million
By Emma-Victoria Farr BERLIN (Reuters) – Investcorp has sold its German human resources (HR) software management firm softgarden to Poland’s Grupa Pracuj for around 120 million euros ($125 million), Hazem Ben-Gacem, Investcorp’s co-chief executive offi…