LONDON (Reuters) – European Central Bank President Christine Lagarde said the rule of law was of paramount importance, when questioned on Wednesday about attempts by Britain to override some Brexit trade rules related to Northern Ireland. “Reneging on a rule of law that has been established by mutual agreement, without any duress, without proper consideration …
ECB’s Lagarde stresses rule of law in Brexit dispute Read More »
By Madeline Chambers and Christoph Steitz BERLIN (Reuters) -Russia’s Gazprom on Wednesday announced a further cut in the amount of gas it can pump through the Nord Stream 1 pipeline to Europe, a move Germany’s economy minister said was aimed at sowing uncertainty and pushing up fuel prices. The second supply capacity cut in as …
Nord Stream 1 gas supply cut aimed at sowing uncertainty, Germany warns Read More »
LONDON (Reuters) – The European Central Bank must focus on bringing inflation back to its 2% target and policy must not be dominated by fiscal considerations, ECB President Christine Lagarde said on Wednesday. “We cannot surrender fiscal dominance,” Lagarde said in a public forum. “Neither can we surrender to finance dominance; we have to deliver …
ECB will not be dominated by fiscal considerations -Lagarde Read More »
By Devik Jain (Reuters) -London’s main indexes rose on Wednesday as financial stocks gained and strong results from companies including WH Smith lifted sentiment ahead of the U.S. Federal Reserve meeting later in the day. The blue-chip FTSE 100 was up 1.2% and the domestically focussed mid-cap FTSE 250 index advanced 1.4% after logging six …
UK shares climb on boost from financial stocks, strong results Read More »
By Gergely Szakacs BUDAPEST (Reuters) – With prices surging, 24-year-old Noemi Turi presented her employer in Budapest with a pay request 16% above what she considered acceptable just a few months ago as double-digit inflation across East Europe fuels wage demands. The small business, where the Hungarian university student works as a social media manager …
Analysis-East Europe’s next inflation problem: wages racing with prices Read More »
LONDON (Reuters) – Sterling recovered from its lowest level against the dollar since March 2020 on Wednesday, but the reprieve could prove temporary with slowing UK economic growth and a potential trade conflict with the European Union weighing on the currency. Britain’s growth prospects are seen among the weakest for rich countries in 2023, and …
(Reuters) – British retailer WH Smith said on Wednesday its revenue in the third quarter beat pre-pandemic levels for the first time as more people travel to work and tourists return. The company, which has stores in travel hubs and sells everything from books and sandwiches to Bluetooth headphones, expects its full-year performance to reach …
UK retailer WH Smith’s quarterly revenue surpasses pre-pandemic levels Read More »
MILAN (Reuters) – Italy should not rely on the European Central Bank to finance its 2.7 trillion euro ($2.8 trillion) public debt and should use instead its high level of private savings and state assets to sustain it, the head of the country’s biggest bank said on Wednesday. “It makes no sense to me that …
Intesa CEO says Italy should reduce reliance on ECB to sustain debt Read More »
HAMBURG (Reuters) – Airbus on Wednesday launched the maiden flight of its newest and largest narrowbody airliner, the A321XLR, as the European planemaker seeks to capitalise on lucrative demand for long-range single-aisle jets. The twin-engined passenger jet took off at 11:05 a.m. local time (0905 GMT) from a factory in Hamburg, Germany, ahead of more …
(Corrects Vedyakhin’s title to first deputy chairman of the executive board) (Reuters) -Russian state lender Sberbank is planning to sell its subsidiary companies in Switzerland and Kazakhstan by the middle of July, the bank’s first deputy chairman of the executive board Alexander Vedyakhin told Interfax. “A representative of the Swiss regulator is now there. We …
Russia’s Sberbank to sell Swiss, Kazakh subsidiaries – Interfax Read More »
