Reuters UK Business

ST PETERSBURG, Russia (Reuters) -Russia’s economy is on the verge of sliding into recession and monetary policy decisions will now determine whether it falls into one or not, Economy Minister Maxim Reshetnikov warned on Thursday. Reshetnikov delivered the downbeat message at Russia’s annual showcase economic forum in the northern Russian city of St Petersburg, an …

Russia needs monetary policy changes to avert a recession, says economy minister Read More »

By Yamini Kalia (Reuters) -British hotel company Whitbread reported another quarterly decline in sales on Thursday amid subdued leisure demand from cost-conscious customers, and said it was unclear when the broader industry would return to growth. Britain’s hospitality firms are struggling to recover after a surge in inflation hit consumer spending, with a rise in …

Premier Inn owner Whitbread’s UK sales dip amid sluggish leisure demand Read More »

By Terje Solsvik OSLO (Reuters) -Norway’s central bank cut its policy interest rate by 25 basis points to 4.25% on Thursday and said there were more cuts to come due to a more benign inflation outlook, a decision that took most analysts by surprise and weakened the currency. “The economic outlook is uncertain, but if …

Norway central bank cuts rates in surprise move, eyes further reduction Read More »

LONDON (Reuters) -Norway’s central bank cut its policy interest rate by 25 basis points to 4.25% on Thursday, its first reduction of borrowing costs in five years, in a decision that took most analysts by surprise. Norway’s crown and government bond yields tumbled. The dollar was up over 1% against the Norwegian currency, fetching 10.05 …

Instant view: Norway’s central bank delivers surprise rate cut Read More »

By Gleb Bryanski ST PETERSBURG (Reuters) -Russia, the United States and Saudi Arabia could act jointly to stabilise oil markets if needed, Russia’s investment envoy Kirill Dmitriev told Reuters. Oil prices surged on Thursday after Israel said it attacked Iranian nuclear sites in Natanz and Arak overnight and as investors grappled with fears of a …

Exclusive-Russia’s Dmitriev says Russia, US and Saudi Arabia could act jointly to stabilise oil markets Read More »

By Simon Johnson STOCKHOLM (Reuters) -Sweden will borrow 300 billion crowns ($31 billion) under a plan agreed by the government and opposition on Thursday, securing funding for rearmament and ensuring NATO’s newest member will reach a spending target of 3.5% of GDP on the military by 2032. Russia’s invasion of Ukraine has forced Sweden to …

Sweden parliament backs $31 billion borrowing to boost defence Read More »

By Susanna Twidale LONDON (Reuters) -Equinor and Gwynt Glas have won seabed leases to build floating wind farms in the Celtic Sea off the coast of Wales and South West England, the Crown Estate said on Thursday. The Crown Estate, which acts as manager of the seabed around England, Wales and Northern Ireland, said Equinor …

Britain awards floating offshore wind leases to Equinor and Gwynt Glas Read More »