(Reuters) – Palantir Technologies Inc said on Friday it plans to shift its entire UK data processing out of the United States, at a time when data privacy regulations are tightening across the globe. While Palantir already hosts all UK customer data within the country, handling of metadata is currently done in the United States. …
Palantir to localize UK data operations as privacy regulations tighten Read More »
By Bansari Mayur Kamdar (Reuters) -UK’s exporter-heavy FTSE 100 ended higher on Friday, helped by a weaker pound, but posted a weekly loss as concerns over the Omicron coronavirus variant and inflationary risks weighed. The FTSE 100 erased earlier losses to close 0.1% higher, as large dollar earners including Diageo, Unilever, British American Tobacco and …
Weaker sterling boosts UK’s FTSE 100; HSBC slips Read More »
By Francesco Canepa FRANKFURT (Reuters) – The European Central Bank is “increasingly likely” to achieve its goal of stabilising euro zone inflation at 2% but needs proof of that happening before taking more stimulus away, ECB policymaker Martins Kazaks told Reuters. The ECB took another small step in rolling back crisis-era bond purchases on Thursday …
ECB ‘increasingly likely’ to hit 2% inflation goal, Kazaks says Read More »
LONDON (Reuters) -The British pound edged lower on Friday but was on track to post its biggest weekly rise since October after the Bank of England this week became the first G7 economy to raise interest rates. Against the U.S. dollar, the pound slipped 0.2% at $1.3289, not far from more than three-week highs of …
Pound slips but on track for biggest weekly rise in two months on BoE surprise Read More »
By Patturaja Murugaboopathy (Reuters) – Stocks of companies rated highly for their sustainability efforts have registered record gains this year, boosted by growing awareness and investor interest in investments focused on environmental, social and governance issues. Data showed MSCI World ESG Leaders’ index has risen 23% so far this year, already its highest annual gain …
Global sustainable shares post record gains in 2021 Read More »
BEIRUT (Reuters) – A British court ruled on Friday in favour of a Lebanese bank in a case brought by a depositor barred from transferring funds abroad because of capital controls in place since Lebanon’s financial system collapsed in 2019. The court ruled that BLOM Bank could be considered to have discharged its debt to …
UK court rules in favour of Lebanese bank over transfers abroad Read More »
By Vladimir Soldatkin and Oksana Kobzeva MOSCOW (Reuters) -Nord Stream 2 AG said on Friday it had started filling its second pipe with natural gas, stepping up preparations to launch a project that has sparked global political tensions and is yet to get the green light from Germany. “Like the first string (pipe), the second …
Nord Stream 2 starts filling second pipe with natural gas Read More »
By William Schomberg and David Milliken LONDON (Reuters) – Bank of England Chief Economist Huw Pill said the central bank would need to raise interest rates further if inflation persists, a day after the BoE increased borrowing costs for the first time since the start of the COVID-19 pandemic. Asked on CNBC television whether there …
BoE’s Pill sees more rate hikes if inflation persists Read More »
LONDON (Reuters) – Company insolvencies in England and Wales rose last month to their highest level since January 2019, surpassing pre-COVID levels for the first time, government data showed on Friday. The Insolvency Service, a government agency, registered 1,674 business insolvencies in November, up from 1,410 in October. This comprises mostly voluntary liquidations of businesses, …
UK company insolvencies hit new pandemic highs in November Read More »
LONDON (Reuters) – Many British rail fares will rise by 3.8% from March, the government announced on Friday, reflecting a broader increase in the cost of living as inflation heads towards a 30-year high. Price increases for around 40% of British rail fares are set by the government, affecting the cost of commuter season tickets, …
UK rail fares to see 3.8% inflation-linked rise in March Read More »
