By Joan Faus and Toby Sterling BARCELONA/AMSTERDAM (Reuters) -German online takeaway food company Delivery Hero and its Spanish business Glovo were raided by European Union antitrust regulators, the companies said on Wednesday, putting them at risk of …
France plans full nationalisation of power utility EDF
By Michel Rose and Tassilo Hummel PARIS (Reuters) -France will fully nationalise EDF, Prime Minister Elisabeth Borne said on Wednesday, in a move that would give the government more control over a restructuring of the debt-laden group while contending …
UK markets shrug at Johnson political drama, brace for more
By Saikat Chatterjee and Samuel Indyk LONDON (Reuters) – British markets braced on Wednesday for more political drama, as Prime Minister Boris Johnson was rocked by further ministerial resignations and calls for him to go, although traders were relucta…
Member of Conservative Party committee tells UK PM Johnson: the game is up
LONDON (Reuters) – A member of the Conservative Party committee that governs its backbench lawmakers told Reuters on Wednesday that Boris Johnson’s tenure as British Prime Minister looks to be over, adding that more senior ministers should move against…
UK PM Johnson could face confidence vote tonight – Sky journalist
LONDON (Reuters) – A confidence vote in British Prime Minister Boris Johnson could be triggered as early as tonight, Sky journalist Tom Larkin said on Twitter citing a member of the 1922 Committee which oversees such votes. He said the rules of the com…
Sterling to regain some lost ground over coming year – Reuters poll
By Jonathan Cable LONDON (Reuters) – Sterling, down nearly 12% against the dollar since the start of this year, is likely to regain around half of its lost ground in 2022 over the next 12 months as the Bank of England looks set to continue raising inte…
BoE’s Pill sees no growth for UK economy, warns against big rate hikes
By Andy Bruce LONDON (Reuters) -Bank of England chief economist Huw Pill warned on Wednesday that Britain’s economy would slow to a crawl over the next 12 months and repeated his preference for a “steady-handed” approach to raising interest rates. With…
German antitrust watchdog subjects Amazon to stricter supervision rules
BERLIN (Reuters) -Germany’s antitrust watchdog said on Wednesday that U.S. ecommerce giant Amazon’s position is of outstanding, cross-market importance for competition, a classification that allows the authority to prohibit any anti-competitive behavio…
Austria starts to eject Gazprom from gas storage facility
VIENNA (Reuters) -Austria is following through on a “use it or lose it” threat to eject Russia’s Gazprom from its large Haidach gas storage facility for systematically failing to fill its portion of the capacity there, the government said on Wednesday….
Russian court orders halt to Caspian oil pipeline but exports still flow
MOSCOW (Reuters) -Caspian Pipeline Consortium (CPC), which takes oil from Kazakhstan to the Black Sea via one of the world’s largest pipelines, has been told by a Russian court to suspend activity for 30 days although sources said exports were still fl…