(Reuters) – UK’s Royal Mail on Monday urged regulator Ofcom to reconsider its decision to not allow the post and parcel delivery firm to track packages under the Universal Service Obligation (USO) rules. Earlier in the day, Ofcom said it had decided to…
Explainer-Sleepers and stressed rails: Why UK trains struggle in the heat
LONDON (Reuters) – Forecasts that British temperatures could hit a record high this week forced train operators to cancel or slow services on Monday, reawakening an age-old debate about why the British rail network struggles in the heat. As the mercury…
Factbox-Companies sell their businesses in Russia
(Reuters) -Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they scramble to comply with sanctions over the Ukraine conflict and deal with threats from the Kremlin that foreign-owned assets may be s…
Leave our policy alone, Bank of England official tells UK Conservatives
By David Milliken and Andy Bruce LONDON (Reuters) -A top Bank of England official pushed back on Monday at suggestions from a leading candidate to become Britain’s next prime minister that the government should set a “clear direction of travel” for mon…
Fashion retailer H&M joins TJX, others in exiting Russia
By Supantha Mukherjee and Marie Mannes STOCKHOLM (Reuters) -H&M, the world’s second-biggest fashion retailer, said on Monday it had decided to wind down its business in Russia, joining a growing list of companies fully exiting the country. The company …
Cricket-England all-rounder Stokes quits one-day internationals
LONDON (Reuters) – England all-rounder Ben Stokes will quit one-day internationals following Tuesday’s match against South Africa, the country’s cricket board said in a statement. “I will play my last game for England in ODI cricket on Tuesday in Durha…
Airbus sees engine delivery delays peaking at mid-year – report
FARNBOROUGH, England (Reuters) – Airbus expects delays in engine supplies that have been holding back aircraft deliveries to peak at mid-year, Chief Executive Guillaume Faury was reported on Monday as saying. “It’s going to peak probably mid-year and t…
Dollar retreats as rate hike bets ease
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar eased against a basket of currencies on Monday, retreating from the two-decade high hit last week, as traders pared bets on how aggressive the Federal Reserve will be in raising rates at its mee…
Report finds ‘systemic failures,’ poor leadership in response to Uvalde shooting
By Brad Brooks and Nathan Layne (Reuters) -A Texas legislators’ probe of the Uvalde school shooting that left 21 dead blamed “systemic failures” and poor leadership for contributing to the death toll, a report released on Sunday found. The Texas House …
UK’s Sunak and Truss clash over tax in leadership debate
By Michael Holden and David Milliken LONDON (Reuters) – British foreign minister Liz Truss clashed over tax policy with former finance minister Rishi Sunak on Friday, as the five remaining contenders to be Britain’s next prime minister went head-to-hea…