KHIMKI, Russia (Reuters) -U.S. basketball star Brittney Griner pleaded guilty to a drugs charge in a Russian court on Thursday but denied she had intentionally broken the law. Griner was speaking at the second hearing of her trial on a narcotics charge…
British lawyers defending Hong Kong tycoon say they receive threats
By Anne Marie Roantree and James Pomfret HONG KONG (Reuters) – Barristers from a British law firm who are representing jailed Hong Kong tycoon and democracy campaigner Jimmy Lai said on Thursday they had received anonymous emails warning them against t…
Ukraine raises flag on recaptured island, but loses key supporter in UK’s Johnson
By Max Hunder and Simon Lewis KYIV/BAKHMUT, Ukraine (Reuters) – Ukrainian forces raised their national flag on a recaptured Black Sea island on Thursday in a defiant act against Moscow, but Kyiv lost a main international supporter after British Prime M…
HSBC’s head of responsible investing quits after climate speech controversy
LONDON (Reuters) -Stuart Kirk, the global head of responsible investing at HSBC Asset Management, has resigned from his role, according to a post attributed to him on professional networking site LinkedIn on Thursday. Kirk was suspended by HSBC in May …
Russians rush to buy Chinese yuan, Otkritie bank says
(Reuters) – Russians have rushed to buy Chinese yuan to diversify their holdings away from U.S. dollars and euros, the state bank Otkritie said, as the finance ministry aims to re-start foreign exchange interventions using ‘friendly’ nations’ currencie…
After scandals, Boris Johnson quits as UK prime minister
By Kate Holton, Elizabeth Piper and Muvija M LONDON (Reuters) – Scandal-ridden Boris Johnson announced on Thursday he would quit as British prime minister after he was abandoned by ministers and most of his Conservative lawmakers. Bowing to the inevita…
UK Conservatives call for ‘toxic’ PM Johnson to be replaced immediately
By Andrew MacAskill LONDON (Reuters) – British Prime Minister Boris Johnson should be replaced immediately rather than be allowed to remain as a caretaker leader until his successor is found, several Conservative members of parliament said on Thursday….
Italy’s Target2 jumps to new record high in June
MILAN (Reuters) – Italy’s liabilities towards other euro zone central banks jumped to a new record high in June, central bank data showed on Thursday. Data published by the Bank of Italy showed Italy’s Target2 debt increased to 627.68 billion euros ($6…
German yields eye biggest jump since Mar 2020
By Yoruk Bahceli (Reuters) -Benchmark German bond yields were set for their biggest daily rise since March 2020 on Thursday as the U.S. Federal Reserve’s meeting minutes and Chinese stimulus reports added to the tussle between inflation and recession f…
UK faces unsustainable debt burden unless taxes rise, watchdog warns
By David Milliken LONDON (Reuters) -Britain faces an unsustainable debt burden more than three times its current level unless future governments raise taxes to fund increasing costs from an ageing population and falling revenue from taxation on motor f…