By Nina Chestney LONDON (Reuters) – Europe is on edge about the restart of the Nord Stream 1 gas pipeline from Russia after annual maintenance is set to end on Thursday, with governments bracing for possible further supply cuts. A planned outage on the…
ECB hikes rates, throws lifeline to indebted countries
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -The European Central Bank raised interest rates by more than expected on Thursday as concerns about runaway inflation trumped worries about growth, even while the euro zone economy is sufferin…
Bitcoin briefly falls after Tesla says it sold 75% of its holdings
NEW YORK (Reuters) -Bitcoin stumbled late on Wednesday after Tesla Inc said it had sold about 75% of its purchases of the virtual token. The world’s largest cryptocurrency slid as much as 0.5% to $23,268.92 after the news. It later regained losses and …
Biden stops short of declaring climate emergency, takes steps on wind power
By Jeff Mason and Timothy Gardner SOMERSET, Mass./WASHINGTON (Reuters) -U.S. President Joe Biden said on Wednesday that climate change is an emergency but stopped short of a formal declaration, announcing a modest package of executive actions and promi…
Russia widens Ukraine war aims as gas pipeline restart tests nerves
(Reuters) – Moscow’s military “tasks” in Ukraine now go beyond the eastern Donbas region, Russian Foreign Minister Sergei Lavrov said on Wednesday, as the Kremlin’s forces shelled eastern and southern Ukraine. Lavrov also told state news agency RIA Nov…
Lyft lays off about 60 workers from rental division
(Reuters) – Lyft Inc said on Wednesday it was cutting about 60 jobs in its rental division as it tries to reorganize the business amid rising costs. With inflation in the United States at levels not seen in four decades, a number of companies such as M…
UK’s Northern Ireland trade law clears parliament’s lower house
LONDON (Reuters) – Legislation allowing Britain to scrap some of the rules on post-Brexit trade with Northern Ireland cleared the final stage of its passage through parliament’s lower House of Commons on Wednesday and will move to the House of Lords. L…
Italian PM Draghi wins confidence vote, but three parties snub motion
ROME (Reuters) – Italian Prime Minister Mario Draghi won a confidence motion in the upper house Senate on Wednesday, but three main coalition parties refused to take part in the vote, effectively torpedoing his administration. The motion asked the hous…
Italian PM Draghi looks doomed after parties snub confidence vote
By Giuseppe Fonte and Angelo Amante ROME (Reuters) – Italy’s government imploded on Wednesday when some of Prime Minister Mario Draghi’s main coalition partners snubbed a confidence vote he had called to try to end divisions and renew their alliance. O…
UK blocks Chinese company from acquiring knowledge on vision sensing technology
LONDON (Reuters) – British business minister Kwasi Kwarteng on Wednesday said he had issued an order preventing the acquisition of intellectual property related to vision sensing technology by a Chinese company on national security grounds. The order, …