By Devik Jain and Susan Mathew (Reuters) -European shares ended higher on Friday, recovering after hitting session lows following bumper U.S. jobs data that strengthened the case for another big interest rate hike by the Federal Reserve. The continent-…
Former UK finance minister Sunak bids to replace PM Johnson
By William James and Farouq Suleiman LONDON (Reuters) -British former finance minister Rishi Sunak said on Friday he was running to replace Boris Johnson, three days after helping to launch the cascade of resignations that brought the prime minister do…
German bond yields track Treasuries higher after robust U.S. payrolls
By Yoruk Bahceli AMSTERDAM (Reuters) -Euro zone bond yields tracked U.S. Treasury yields higher on Friday as above-forecast June U.S. jobs data signalled labour market strength and brought focus back to inflationary pressures. Non-farm payrolls increas…
Goldman and SocGen advising French government on EDF deal – sources
PARIS (Reuters) – The French government is being advised by Goldman Sachs and Societe Generale on its multi-billion euro project to bring EDF back under full state control, two sources with knowledge of the matter told Reuters on Friday. The sources, w…
Ukraine pleads for more weapons, chief negotiator sees turning point in war
By Pavel Polityuk KYIV (Reuters) – Ukraine urged its allies on Friday to send more weapons as its forces dug in to slow Russia’s military advance through the eastern Donbas region, while its chief negotiator said a turning part was approaching in the c…
Criminal complaint filed against UBS over DRC-linked funds
ZURICH (Reuters) – Three organisations have filed a criminal complaint to federal prosecutors in Switzerland, alleging possible money laundering and a failure to exercise due diligence at UBS in relation to funds they say were received by an alleged as…
Putin: sanctions risk causing energy price catastrophe for West
MOSCOW (Reuters) – President Vladimir Putin said on Friday that continued sanctions against Russia could lead to catastrophic energy price rises for European households. Europe has historically relied on Russia for around 40% of its natural gas, most o…
Sterling falls versus dollar on concerns over the economy
By Stefano Rebaudo (Reuters) -Sterling fell against the dollar on Friday as an unfavourable macroeconomic backdrop overshadowed concerns about politics after Prime Minister Boris Johnson announced his resignation. Britain’s government will focus on del…
UK Labour say will pursue election through vote of no confidence
LONDON (Reuters) – The leader of the British opposition Labour Party on Friday said that he would move to bring about a national election using a vote of confidence in Prime Minister Boris Johnson next week unless Conservative lawmakers acted to remove…
Ex-counter-terrorism chief named new head of London’s beleaguered police force
LONDON (Reuters) – Mark Rowley, Britain’s former counter-terrorism police chief who led investigations into a series of attacks in 2017, was on Friday named the new head of London’s beleaguered police force which has been reeling from a series of crisi…