By Jan Strupczewski BRUSSELS (Reuters) – Byzantine, politicised or just plain stupid, European Union fiscal rules have been called many names and changed many times. Now the EU is starting another debate to reform them as it faces overlapping crises the rules were not designed to deal with. EU finance ministers will kick off the …
EU eyes overhaul of debt rules as crises pile up Read More »
(Reuters) – Britain’s Cineworld filed for bankruptcy protection in the United States, as the world’s second-largest cinema chain operator struggles to rein in its massive debt. The Chapter 11 filing involves Cineworld’s U.S., UK and Jersey operations, covering the bulk of its business. Here is a timeline of the company, which operates under the Cinema …
From chasing deals to turning off screens: Cineworld files for U.S. bankruptcy Read More »
LONDON (Reuters) – The Bank of England said on Thursday it would move to a “more British style of regulation” for the country’s huge financial services industry as it seeks to take advantage of Brexit. The BoE’s Prudential Regulation Authority published a discussion paper describing its proposals for policy-making now that Britain has left the …
Bank of England proposes “more British style” of finance regulation Read More »
By Johann M Cherian and Bansari Mayur Kamdar (Reuters) -UK’s benchmark stock index was lifted by banking shares on Thursday, while commodities climbed as global recession fears and an energy standoff between Europe and Russia stoked fears of tight supply worldwide. The FTSE 100 and the more domestically focused mid-FTSE 250 were up 0.3% each, …
By Shreyashi Sanyal (Reuters) -European stocks inched up on Thursday ahead of what could be the European Central Bank’s biggest-ever interest rate hike, with shares of miners and banks leading the gains. Markets are yet to see by how much the ECB will raise its benchmark rate, as the central bank debates between a 50 …
European shares eke out gains ahead of ECB’s rate decision Read More »
LONDON (Reuters) – The British government is expected to announce dozens of new North Sea oil and gas exploration licences in an effort to boost domestic production, two sources familiar with the government’s discussions said. The exact number of new licences was still to be confirmed, one of the sources, who spoke on condition of …
Exclusive-UK to announce dozens of new North Sea oil and gas licences -sources Read More »
(Reuters) -Britain’s Cineworld Group on Wednesday filed for bankruptcy protection in the United States as the world’s second-largest cinema chain operator struggles to rein in its massive debt. The Chapter 11 filing, which allows firms to stay in business while trying to restructure their debt, involves Cineworld’s U.S., UK and Jersey operations, covering the bulk …
Movie chain operator Cineworld files for U.S. bankruptcy Read More »
(Reuters) -Apple Inc on Wednesday selected Globalstar Inc as its partner for a feature that would allow iPhone 14 users to send emergency messages from remote locations. The tech giant said it was dedicating $450 million from its advanced manufacturing fund toward satellite infrastructure to support the feature. GlobalStar will receive the majority of the …
Apple picks Globalstar for emergency satellite service on iPhone 14 Read More »
LONDON (Reuters) – Britain’s new Prime Minister Liz Truss discussed the European energy crisis during a call with Germany’s Olaf Scholz on Wednesday, a spokeswoman for Truss said. “Both agreed on the importance of energy resilience and independence. The Prime Minister underlined the importance of ensuring democracy and freedom were upheld in Europe, and of …
UK PM Truss and Germany’s Scholz discuss energy crisis – spokeswoman Read More »
By Pratima Desai LONDON (Reuters) – The European Union needs to reduce power costs in the region to prevent the permanent closure of metal producing plants in the region, which would increase reliance on imports with higher carbon footprints, industry association Eurometaux said. About 50% of EU aluminium and zinc production capacity “has already been …
Energy crisis an ‘existential threat’ to EU metal production -Eurometaux Read More »
