Reuters UK Business

LONDON (Reuters) – British public-sector health workers should receive an annual pay rise of 4-5% this year, a government advisory body plans to recommend, according to a report in the Guardian newspaper on Saturday. Surging consumer price inflation, which hit a 40-year high of 9.1% in May, means workers are pushing for bigger than normal …

UK body to recommend 4-5% pay rise for 1.5 million health workers – Guardian Read More »

LONDON (Reuters) – British Prime Minister Boris Johnson said on Saturday that public pay could not be raised sharply, as demanded by trade unions, because it would risk fuelling a further rise in inflation. “What we can’t have is a situation in which increases in pay are just wiped out by further increases in prices, …

UK PM Boris Johnson urges restraint on public pay Read More »

BERLIN (Reuters) – Lufthansa does not expect its global airline operations to return to normal until 2023 after staff shortages and booming demand amid the lifting of COVID-19 restrictions forced it to cancel some flights, Die Welt newspaper reported on Saturday. “Unfortunately, a short-term improvement now in the summer is hardly realistic,” Lufthansa board member …

Lufthansa expects flight operations to return to normal in 2023 – Welt Read More »

(Reuters) -The U.S. Department of Defense on Friday awarded BAE Systems a $12 billion contract to support intercontinental ballistic missile systems. Work related to the contract https://bit.ly/3OICaW7 is expected to be completed by the end of 2040, the defense department said, and will mostly take place at Hill Air Force Base in Utah. BAE was …

Britain’s BAE gets $12 billion U.S. contract related to ICBMs Read More »

By Andrew MacAskill KIGALI (Reuters) – British Prime Minister Boris Johnson said the reaction to his government’s plan to scrap some trade rules governing post-Brexit trade in Northern Ireland has been “muted” and denied the move was an attempt to appeal to his lawmakers. Britain published plans this month to unilaterally stop some checks on …

Boris Johnson sees ‘muted’ reaction to rewriting Brexit deal Read More »

(Reuters) – Italy’s biggest bank Intesa Sanpaolo on Friday halved its share buyback programme for this year to 1.7 billion euros ($1.79 billion), deferring the decision on the repurchase of the remaining half to next year. Intesa had announced a 3.4 billion euro share buyback programme in February this year, as it expects to return …

Italy’s Intesa halves share buyback programme to 1.7 billion euro for 2022 Read More »

By Paul Sandle and Sarah Mills GLASTONBURY, England (Reuters) – Festival-goers are determined to have a blast at Glastonbury and put the rising cost of fuel, food and drink to the back of their minds until they leave Worthy Farm on Monday after a weekend of escapism. A majority of the 200,000 people at the …

Party now, pay later: Glastonbury a break from cost-of-living worries Read More »

DUBLIN (Reuters) – Less than 2% of the 3,000 flights Ryanair had scheduled on Friday were impacted by cabin crew strikes that mainly hit Belgium, the Irish low-cost carrier said in a statement that forecast a similar level of disruption over the weekend. “Ryanair expects over 98% of its 3,000 daily flights will operate normally …

Ryanair says cabin crew strikes hitting less than 2% of flights Read More »