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EU Commission likely to unblock Poland’s recovery plan on Wednesday

BRUSSELS (Reuters) – The European Commission is likely to approve on Wednesday Poland’s multi-billion-euro plan for rebuilding the economy after the COVID-19 pandemic, which has been blocked by a dispute over Warsaw’s rule-of-law practices, EU officials said. Under the plan, Warsaw country could eventually get 23.9 billion euros in European Union grants and 11.5 billion …

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Britain tells airlines to stop selling flights they can’t deliver

LONDON (Reuters) – Britain’s Transport Secretary Grant Shapps has told airlines to stop selling tickets for flights they cannot staff after a spate of airline cancellations caused widespread disruption for holidaymakers. Airports across Europe have struggled to cope with the rebound in demand but British airports are facing a particularly difficult week as a school …

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UK energy services group Wood to sell consulting unit for $1.9 billion

(Reuters) -British energy services provider Wood Plc said on Wednesday that it had agreed to sell its built environment consulting division to Canada’s WSP Global Inc for $1.9 billion, in an effort to raise funds and cut debt. The sale comes about six months after London-listed Wood began a strategic review of the business, which …

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BT and Discovery sport tie-up faces UK antitrust probe

(Reuters) -Britain’s competition watchdog said on Wednesday it had started investigating BT Group’s deal to combine its sports broadcasting business with Warner Bros Discovery. The Competition and Markets Authority (CMA) said it had until July 28 to make its phase 1 decision on whether the joint venture between the country’s biggest broadband and mobile provider …

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UK “very unlikely” to hold early election – Raab

LONDON (Reuters) – Britain is “very unlikely” to hold an early election, deputy prime minister Dominic Raab said on Wednesday, as speculation swirls about the future of the government following growing criticism of Boris Johnson. Johnson is facing a mounting threat of a confidence vote from his own lawmakers, prompting some commentators to suggest he …

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UK house prices surge again but slowdown coming, Nationwide says

LONDON (Reuters) -British house prices surged again last month but a slowdown, caused by the worsening cost-of-living crunch, is likely on the way, mortgage lender Nationwide said on Wednesday. House prices rose by 0.9% month-on-month in May after a 0.4% rise in April, marking a 10th consecutive month of gains, Nationwide said. A Reuters poll …

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Rising prices weigh on Irish factory activity in May -PMI

DUBLIN (Reuters) – Irish manufacturing growth cooled in May as supply issues pushed input costs to a near-record high and higher prices dampened client appetite, a survey showed on Wednesday. The AIB S&P Global manufacturing Purchasing Managers’ Index (PMI) fell to 56.4 from 59.1 in April. Any figure above 50.0 indicates an improvement in manufacturing …

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UK’s Boris Johnson faces new threat of confidence vote over lockdown parties

By Andrew MacAskill LONDON (Reuters) -British Prime Minister Boris Johnson is facing the growing threat of a confidence vote as two more lawmakers suggested they had lost faith in his government over the “partygate” scandal and a former party leader said he could be challenged next week. Compounding the pressure, Johnson’s ethics adviser said the …

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Prince Andrew is trying to ‘make amends’, Archbishop of Canterbury says

LONDON (Reuters) – The Archbishop of Canterbury said Prince Andrew is seeking to “make amends” and highlighted the importance of forgiveness after Queen Elizabeth’s son’s fall from grace following accusations of sex abuse that led to a legal settlement. Andrew, 62, paid an undisclosed sum earlier this year to Virginia Giuffre, who accused him in …

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