Britain bets all on historic tax cuts and borrowing, investors take fright

Register now for FREE unlimited access to Reuters.com Register Kwarteng cuts top rate of income tax in dash for growth Huge increase in UK government debt issuance planned Gilts suffer biggest slump in decades Pound falls to new 37-year low against dollar LONDON, Sept 23 (Reuters) – Britain’s new finance minister Kwasi Kwarteng unleashed historic … Read more

Europe braces as Nord Stream Russian gas link set to restart

Annual maintenance scheduled to end at 0600 CET on July 21 Differing signals about resumption Extension could disrupt gas storage refilling LONDON, July 21 (Reuters) – Europe is on edge about the restart of the Nord Stream 1 gas pipeline from Russia after annual maintenance is set to end on Thursday, with governments bracing for … Read more

Ukraine seeks debt freeze as war ravages economy

Police officers look at a bus stop, a mosque and buildings damaged by a Russian military strike, as Russia’s invasion of Ukraine continues, in Kharkiv, Ukraine July 20, 2022. REUTERS / Nacho Doce Register now for FREE unlimited access to Reuters.com Register KYIV / LONDON, July 20 (Reuters) – Ukraine has asked its international creditors, … Read more

EU tells members to cut gas usage amid new Putin warning

Nord Stream 1 pipeline out of action for maintenance Pipeline due to resume pumping on Thursday EU says states must act now to reduce gas consumption Germany, others have rationing and other plans in place BRUSSELS / LONDON, July 20 (Reuters) – The European Union told members states on Wednesday to cut gas usage by … Read more

Britain kicks off post-Brexit ‘transformation’ of finance

UK seeks to preserve London’s financial standing after Brexit Regulators to focus on competitiveness, not just stability Capital rules for insurers to be relaxed to boost investment Zahawi pauses plan for more government oversight of regulators LONDON, July 19 (Reuters) – British financial regulators will have to promote the global competitiveness of the country’s financial … Read more

EXCLUSIVE Britain and Japan aim to merge Tempest and FX fighter programs-sources

TOKYO / LONDON, July 14 (Reuters) – Britain and Japan are close to an agreement to merge their next-generation Tempest and FX fighter jet programs, with the two countries aiming for a deal on a new joint project by year-end, three sources told Reuters. It would be the first time Japan has sought a non-US … Read more

Explainer: What happens if Germany’s Russian gas flows stop

FRANKFURT, July 11 (Reuters) – Germany, the world’s fourth-largest economy, is preparing for all scenarios including a complete stop to Russian gas supplies once a regular 10-day maintenance period on the giant Nord Stream 1 pipeline ends. Maintenance on the pipeline, which carries Russian gas directly into Germany, began on July 11 but Berlin is … Read more

Factbox: Europe’s energy alternatives if Russian gas flows stop

Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS / Hannibal Hanschke Register now for FREE unlimited access to Reuters.com Register July 11 (Reuters) – The Nord Stream 1 pipeline that transports gas from Russia to Germany will undergo planned maintenance from Monday, … Read more

Europe on edge as Nord Stream Russian gas link set for planned shut-down

Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS / Hannibal Hanschke Register now for FREE unlimited access to Reuters.com Register Nord Stream 1 maintenance to run from July 11-21 Fears outage could be extended The Kremlin says shutdown is a regular event … Read more

Fewer chickpeas means cheap protein and hummus could be harder to find

CHICAGO, July 6 (Reuters) – It’s not a great time to be a hummus fan. Global supplies of chickpeas, the main ingredient, could dip as much as 20% this year, according to data from the Global Pulse Confederation. Weather and war have hurt supplies of the protein-packed bean, driving up food prices and creating headaches … Read more