LONDON (Reuters) – British Prime Minister Rishi Sunak will say on Thursday he is confident he can meet his goal of halving inflation this year and feels a “moral responsibility” to do so. Sunak set the target in January as part of his five priorities ahead of a national election expected in 2024. Data on …
UK PM Sunak: ‘completely confident’ can halve inflation this year Read More »
LONDON (Reuters) – Britain’s main opposition Labour Party set out plans that it said would ease the financial strain on households caused by growing mortgage costs which are shaping up to be a big issue ahead of the country’s next national election. Labour said it would require lenders to allow borrowers to lengthen their mortgage …
Britain’s opposition Labour Party sets out mortgage crisis plans Read More »
By Elizabeth Piper and Marc Jones LONDON (Reuters) -Ukrainian Prime Minister Denys Shmyhal said on Wednesday he expected to secure almost $7 billion in aid, after telling a London conference Russia’s war meant Kyiv was facing the largest reconstruction project in Europe since World War Two. At the conference Britain, the United States, the European …
Ukraine expects to secure almost $7 billion from West to rebuild Read More »
By Huw Jones LONDON (Reuters) – The London Metal Exchange (LME) took emergency measures on March 8, 2022 to halt nickel trading as prices doubled to more than $100,000 a tonne. The surge was blamed on short-covering by major nickel producer China’s Tsingshan, owned by Chinese tycoon Xiang Guangda, which held large short positions. Its …
Explainer-LME nickel surge puts clearing houses in the spotlight Read More »
By Eric Onstad LONDON (Reuters) -The London Metal Exchange had no choice but to cancel billions of dollars of nickel trades last year to avert a jolt that would have hit wider financial markets, its lawyers argued in a London court on Wednesday. Other alternatives put forward by two financial firms suing the LME for …
LME tells court it was forced to void nickel trades after “abnormal” spike Read More »
LONDON (Reuters) -A man has been arrested after two people were stabbed at a London hospital on Wednesday in an incident which is not currently being treated as terror-related, British police said. Armed police responded to the incident at Central Middlesex Hospital after being called at 13.18pm (1218 GMT) and found two people with stab …
Man arrested after two stabbed at London hospital – UK police Read More »
By Jason Cairnduff and Sachin Ravikumar GLASTONBURY, England (Reuters) – Tens of thousands of music fans streamed into Worthy Farm in southwest England on Wednesday at the start of Glastonbury, the beloved music festival that will feature Elton John, Guns N’ Roses and the Arctic Monkeys this weekend. Elated fans wore sun hats and lugged …
Elated music fans pitch up for Glastonbury, await Elton John Read More »
LONDON (Reuters) – Britain on Wednesday pledged 20 million pounds ($25 million)to boost access to a World Bank scheme which helps derisk business operations in Ukraine, a move designed to encourage more investment in the country. “The UK has today announced a funding boost of up to 20 million (pounds) for the World Bank’s Multilateral …
UK pledges up to 20 million pounds to help derisk investment in Ukraine Read More »
LONDON (Reuters) – British finance minister Jeremy Hunt said on Wednesday that mortgage lenders had to live up to their commitments to help borrowers struggling with higher interest rates. “I know that many are worried about their mortgage repayments,” Hunt said on Twitter a few hours after data showed Britain’s inflation rate failed to fall …
UK’s Hunt says banks must honour commitments on mortgage help Read More »
By William Schomberg LONDON (Reuters) – British inflation defied forecasts of a fall in May and stayed far above price growth in the United States and elsewhere in Europe, pressuring the Bank of England to keep on raising interest rates despite the growing hit to mortgage-holders. Britain has struggled more than other countries with the …
