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(Reuters) – Newly crowned women’s European champions England rose to fourth in the latest FIFA rankings published on Friday, with four-times World Cup winners United States holding on to the top spot. The rankings come after a busy month for women’s football in which continental championships for Africa, North America, South America and Oceania took …

Soccer-Women’s Euros win propels England to fourth in FIFA rankings Read More »

By Andrew MacAskill LONDON (Reuters) – British foreign minister Liz Truss clashed over the future of the economy with former finance minister Rishi Sunak on Thursday as the two contenders to be Britain’s next prime minister debated the Bank of England’s warnings of a long recession. Truss is up against Sunak to win the votes …

UK PM hopefuls Sunak and Truss clash over recession warning in debate Read More »

By David Milliken LONDON (Reuters) -The Bank of England looks set to become the first major central bank to sell some of the government bonds it purchased during more than a decade of quantitative easing, with a 40 billion pound ($49 billion) sales programme likely to start next month. The BoE’s Monetary Policy Committee said …

Bank of England set to become first big central bank to sell QE bonds Read More »

By William Schomberg, David Milliken and Andy Bruce (Reuters) – The Bank of England raised interest rates by the most in 27 years on Thursday in an attempt to smother surging inflation on track to top 13%, even as it warned a long recession is coming. Reeling from a surge in energy prices after Russia’s …

Bank of England raises rates by most since 1995 despite recession’s approach Read More »

By Andy Bruce LONDON (Reuters) – The Bank of England’s top brass defended their record on Britain’s monetary policy on Thursday, after a cabinet minister talked openly about diluting the central bank’s operational independence. Speaking shortly after the BoE raised interest rates to 1.75% from 1.25%, BoE Governor Andrew Bailey said it is important for …

Bank of England defends independence as politicians circle Read More »

LONDON (Reuters) -Hundreds of Amazon workers at a warehouse in Tilbury in southeast England have walked out in protest over pay, the trade union GMB said, the latest sign of labour force discontent as the rising cost-of-living sparks strikes across sectors. Amazon, which dominates the online retail marketplace, has faced criticism from workers in many …

Hundreds of Amazon warehouse workers walk out over pay, UK union says Read More »

LONDON (Reuters) – Bank of England Governor Andrew Bailey rejected the suggestion that Britain was suffering a sterling crisis, and said recent moves in foreign exchange markets were better understood as a period of dollar strength. “It is not a crisis in my view at all,” he told Bloomberg TV. “When you look across currencies, …

BoE’s Bailey rejects idea of ‘sterling crisis’ Read More »

LONDON (Reuters) – British trade union Unite said on Thursday its members at Network Rail – which owns and maintains train infrastructure – would join other rail unions in striking on Aug. 18 and 20. The action would be taken by control room operatives at several locations across the country, who are responsible for managing …

Network Rail workers will join rail strikes over pay – Unite union Read More »

LONDON (Reuters) – British leadership frontrunner Liz Truss said on Thursday she would use an emergency budget to help grow the economy after the Bank of England (BoE) raised interest rates by the most in 27 years and warned that a long recession was on its way. “We need to take immediate action to deal …

UK PM candidate Liz Truss pledges emergency budget as recession looms Read More »

By Clara Denina and Muhammed Husain LONDON (Reuters) – Miner and trader Glencore said on Thursday it would return an additional $4.5 billion to investors, including a share buyback of $3 billion, after it reported a record half-yearly profit mostly due to high coal prices. Unlike its mining rivals which bowed to investor pressure to …

Glencore to return extra $4.5 billion to shareholders after record earnings Read More »