By David Milliken LONDON (Reuters) -The right time for the Bank of England to cut interest rates is probably still some time away, due to uncertainty about the persistence of longer-term inflationary pressures the central bank’s Chief Economist Huw Pill said on Friday. “Crucially, for me at least, we don’t have sufficient evidence yet. So …
BoE’s Pill: right time for a rate cut is ‘still some way off’ Read More »
COPENHAGEN (Reuters) – A Briton charged with defrauding Danish tax authorities of more than 320 million Danish crowns ($46.7 million) in a sham trading scheme to make double tax reclaims has been sentenced to six years in prison, a Danish court said on Friday. Danish prosecutors in 2021 brought preliminary criminal charges against Guenther Klar, …
Danish court sentences Briton to 6 years of prison in sham trading case Read More »
By James Davey LONDON (Reuters) – The next phase of British supermarket Sainsbury’s strategy will aim to build on the momentum of a strong 2023 during which it said it drew customers back from German-owned discounters Aldi and Lidl with more competitive prices. Chief Executive Simon Roberts will present Sainsbury’s strategy update on Feb. 7, …
Sainsbury’s searches for more cost savings to compete on price Read More »
By Jennifer Rigby LONDON (Reuters) – A malaria vaccine developed by the University of Oxford and the Serum Institute of India prevented around three-quarters of symptomatic malaria cases in young children the first year after they got the shots, results from a large trial showed on Thursday. The vaccine, which has already been approved for …
Second malaria vaccine highly protective, trial results show Read More »
By Alan Baldwin LONDON (Reuters) -Seven-times world champion Lewis Hamilton, Formula One’s most successful driver of all time, will race for Ferrari from 2025 after activating a release option in the Mercedes contract he signed in August. The bombshell news, confirmed first by Mercedes and then in a one-line statement from Ferrari, came after a …
Motor racing-Hamilton to race for Ferrari from 2025 Read More »
LONDON (Reuters) – Seven-times Formula One world champion Lewis Hamilton has activated a release clause and will leave Mercedes at the end of the 2024 season, Mercedes said on Thursday. The 39-year-old Briton is expected to join Ferrari for 2025. (Reporting by Alan Baldwin, editing by Ed Osmond)
By Andrew MacAskill and Amanda Ferguson LONDON/BELFAST (Reuters) -Northern Ireland is set to elect a government on Saturday for the first time in two years after the British parliament agreed to revamp post-Brexit trade rules to break a political stalemate. In a historic first, Irish nationalists Sinn Fein are set to take the First Minister …
Northern Ireland to restore government after UK parliament approves deal Read More »
By Sam Tobin LONDON (Reuters) – Greta Thunberg said on Thursday people should remember who “the real enemy is” after she and four other environmental activists appeared in court charged with a public order offence at a protest outside an oil and gas conference. Thunberg, who became a prominent campaigner worldwide after staging weekly protests …
Greta Thunberg says remember ‘the real enemy’ as oil protest trial starts Read More »
By Alexander Cornwell ABU DHABI (Reuters) – Britain will not send ground troops into combat against Houthi militants in Yemen, Deputy Prime Minister Oliver Dowden said on Thursday, adding that air strikes had weakened the Iran-backed group. The United States and Britain have, since January, hit Houthi targets in Yemen with air strikes following months …
UK Deputy PM says strikes weakening Houthis, won’t send troops into Yemen Read More »
By Andy Bruce, David Milliken and Suban Abdulla LONDON (Reuters) -The Bank of England kept interest rates at a nearly 16-year high on Thursday but opened up the possibility of cutting them as inflation falls and one of its policymakers cast a first vote for a reduction in borrowing costs since 2020. BoE Governor Andrew …
Bank of England puts high rates ‘under review’ but treads carefully about cuts Read More »
