LONDON (Reuters) – Britain’s nuclear regulator said on Monday the licence application for the proposed Sizewell C nuclear plant in Suffolk, England had met almost all requirements, but that two matters must be resolved before a licence could be formall…
EU to cut economic growth outlook, sees higher inflation
By Francesco Guarascio BRUSSELS (Reuters) -Euro zone finance ministers said on Monday the fight against inflation was the current priority despite dwindling growth in the bloc, as they were informed of a deteriorating economic outlook by the European C…
UK watchdog seeks review into government use of WhatsApp, messaging apps
LONDON (Reuters) – Britain should review the use of WhatsApp, private emails and other messaging apps by ministers and government officials after an investigation found “inadequate data security” during the COVID-19 pandemic, its data protection watchd…
Mourners throng Abe’s wake as his party secures sombre Japan election win
By Satoshi Sugiyama and Andrea Shalal TOKYO/NARA (Reuters) – Mourners streamed into a temple in Tokyo to pay their respects to Japan’s slain former premier Shinzo Abe on Monday, as his assassination overshadowed an election win for the ruling party he …
Lithuania widens curbs on Kaliningrad trade despite Russian warning
By Andrius Sytas VILNIUS (Reuters) -Lithuania on Monday expanded restrictions on trade through its territory to Russia’s Baltic exclave of Kaliningrad, as more European Union sanctions against Moscow over its invasion of Ukraine took effect. Additional…
Independent watchdogs are key to UK’s global standing, says BoE
LONDON (Reuters) – Keeping Britain’s regulators independent is key to London’s standing as a competitive global financial centre, Bank of England Governor Andrew Bailey said ahead of pending financial market legislation. “The independence of the regula…
Euro zone long-term inflation expectations below 2%, yields tumble
By Stefano Rebaudo (Reuters) – Euro zone bond yields fell sharply on Monday while long-term inflation expectations dropped below 2% as recession fears deepened after warnings about a possible cut in Russian gas supplies. French Finance Minister Bruno L…
Pound hits two-year lows as political uncertainty weighs
By Saikat Chatterjee LONDON (Reuters) -The British pound dropped to a two-year low on Monday as traders moved to the sidelines as a leadership contest kicked off to determine Britain’s next prime minister. Worsening risk appetite before the all-importa…
Euro drops to 20-year low, approaches parity with dollar
By Karen Brettell NEW YORK (Reuters) – The euro slid to a 20-year low and came closer to parity against the dollar on Monday on concerns that an energy crisis will tip the region into a recession, while the U.S. currency was boosted by expectations tha…
UK leadership contender Zahawi promises income tax cut
LONDON (Reuters) – British finance minister Nadhim Zahawi said on Monday he would cut the basic rate of income tax in 2023 and 2024 if he is chosen to replace Boris Johnson as prime minister. Zahawi, one of 11 candidates so far to declare they are runn…