By David Milliken LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Monday that he still thought that inflation was likely to fall sharply next year, broadly in line with forecasts the British central bank presented in early May. Bailey …
Insurer Athora taps former Prudential executive Mike Wells as CEO
(Reuters) – Bermuda-based life insurer Athora Holding Ltd on Monday appointed former Prudential Plc top boss Mike Wells as its chief executive officer. Wells, who left Prudential earlier this year, oversaw two demergers at the company during his seven-…
Exclusive-French nationalisation of EDF set to cost more than 8 billion euros
By Mathieu Rosemain and Pamela Barbaglia PARIS (Reuters) -The French government is poised to pay more than 8 billion euros ($8.05 billion) to bring power giant EDF back under full state control, two sources with knowledge of the matter said, adding the…
Euro zone finance ministers fail again to name new bailout fund head
BRUSSELS (Reuters) – After several months of attempts, euro zone finance ministers failed again on Monday to choose a new head of the bloc’s bailout fund, EU officials said. Ministers need to agree on the successor of Klaus Regling who will retire in O…
Swedish political festival murder investigated as possible terrorist crime
STOCKHOLM (Reuters) – Swedish prosecutors said on Monday that the killing of a woman at a political festival last week would be investigated as a terrorist crime. A man was held after the woman was stabbed to death on the island of Gotland at a politic…
U.N. adds Ukraine, Ethiopia, Mozambique to children killing inquiry
By Michelle Nichols UNITED NATIONS (Reuters) – U.N. officials will investigate the killing and wounding of children in Ukraine, Ethiopia and Mozambique, U.N. chief Antonio Guterres said on Monday in a report that found 2,515 children were killed and 5,…
Explainer-What happens if Germany’s Russian gas flows stop
By Vera Eckert and Tom Käckenhoff FRANKFURT (Reuters) – Germany, the world’s fourth-biggest economy, is preparing for all scenarios including a complete stop to Russian gas supplies once a regular 10-day maintenance period on the giant Nord Stream 1 pi…
Sri Lanka to get new president next week amid political and economic meltdown
By Uditha Jayasinghe and Devjyot Ghoshal COLOMBO (Reuters) -Sri Lanka’s parliament will elect a new president on July 20, its speaker said on Monday, after protesters stormed the residences of the current president and prime minister, who have both off…
UK train drivers at eight rail companies vote to strike over pay dispute – union
LONDON (Reuters) – Train drivers at eight British rail companies have voted in favour of strike action in a dispute over pay, the train driver’s union said on Monday as the threat of more disruption looms across Britain’s transport network. The Associa…
Italy’s watchdog warns TikTok over alleged breach of EU privacy rules
MILAN (Reuters) -Italy’s data protection authority has formally warned Chinese-owned video-sharing app TikTok about an alleged breach of existing European Union rules to safeguard user privacy, the watchdog said on Monday. TikTok had told users in rece…