LONDON (Reuters) – Rebel British lawmakers from Prime Minister Liz Truss’s Conservative Party are preparing to vote down sections of a finance bill to block the abolition of the top rate of income tax, The Telegraph reported on Thursday. The government’s plans for huge tax cuts, unveiled last week, have come under criticism after triggering …
By Huw Jones LONDON (Reuters) -Banks will have to reimburse within 48 hours customers tricked into sending money in a type of online scam that has become Britain’s largest type of payment fraud, the Payment Systems Regulator proposed on Thursday. The PSR proposed that banks must reimburse payments over 100 pounds ($107.39) in “authorised push …
UK banks told to reimburse customers tricked by scams Read More »
By Kirstin Ridley LONDON (Reuters) – Eight of the world’s biggest banks, including Deutsche Bank, Goldman Sachs and Bank of America, say it is unfair to rope them into a vast London lawsuit over alleged collusion in the foreign exchange market. The banks, which were sued in 2020 by 11 investment fund groups such as …
Top banks say London forex rigging case filed too late Read More »
By Huw Jones LONDON (Reuters) – Britain’s Financial Conduct Authority (FCA) told banks and insurers on Thursday to do more to help customers struggling with a cost of living crisis as it investigates 40 banks for dragging their feet. Interest rates are increasing to quell decades high inflation, with energy, mortgage and food bills also …
UK banks and insurers told to step up help for struggling customers Read More »
By Francesco Canepa and Balazs Koranyi VILNIUS/FRANKFURT (Reuters) – European Central Bank policymakers continued to line up behind another big interest rate hike as inflation is set to hit a new record high, but differed on whether it was time to think about mopping up cash from the economy. The ECB has raised rates by …
ECB policymakers back jumbo rate hike, differ on balance sheet cut Read More »
PARIS (Reuters) – A nationwide strike in France on Thursday called by several hard-left trade unions demanding higher pay caused disruption in the energy sector as nuclear power industry workers joined the walkout. The 24-hour strike by electricity union FNME lowered capacity from the power grid at a time when France already faces a record …
Nationwide strike disrupts France’s energy sector Read More »
LONDON (Reuters) – British Prime Minister Liz Truss said on Thursday fracking would only be allowed to take place where a community has consented and the government was working on the “detailed issues” about how support would be gauged. “It’s very important for me as prime minister that any fracking has local community consent,” she …
Britain’s Truss says fracking must have community consent Read More »
(Reuters) – Capricorn Energy said on Thursday it is withdrawing its intention to recommend a previously planned all-share merger with Africa-focused Tullow Oil and instead it would combine with Israel’s NewMed Energy. (Reporting by Muhammed Husain in Bengaluru; Editing by Savio D’Souza)
OSLO (Reuters) – Sweden’s coastguard said on Thursday it had discovered a fourth gas leak on the damaged Nord Stream pipelines earlier this week, after ruptures first reported on Monday sent gas spewing into the Baltic Sea. The European Union suspects sabotage was behind the leaks on the subsea Russian pipelines to Europe, and has …
Fourth leak found on Nord Stream pipelines, Swedish coastguard says Read More »
By Victoria Waldersee and Emma-Victoria Farr FRANKFURT (Reuters) – Chief Executive Oliver Blume said he felt very positive about Porsche AG’s opening price of around 84 euros ($81.14) on its market debut on Thursday, as the sportscar brand listed in Germany’s biggest initial public offering (IPO) in over 25 years. Speaking to Reuters in an …
Porsche AG’s Blume ‘very positive’ about opening price Read More »
