Bank of England ‘will not hesitate’ to act as it monitors market turmoil

Pound briefly touched a record low against the dollar Five-year gilts match Friday’s record daily slump Yields on 2-year and 5-year debt up 100 bps in 2 days Finance minister to detail fiscal plans on Nov. 23 BoE monitoring developments ‘very closely’ LONDON, Sept 26 (Reuters) – The Bank of England said on Monday it … Read more

Iran protests Western stance on mass protests over woman’s death

British ambassador summoned over coverage by London-based media Norwegian envoy called in over ‘interventionist’ speaker Teachers’ union calls for strikes Monday and Wednesday Iranian TV says 41 people killed in more than a week of unrest DUBAI, Sept 25 (Reuters) – Iran summoned the British and Norwegian ambassadors over what it called interference and hostile … Read more

Stocks tumble, dollar soars and bonds plunge as recession fears grow

Dow poised to confirm bear market MSCI All-World index hits 2-year low Dollar reaches new two-decade high Sterling and gilts sell off after UK ‘mini-budget’ NEW YORK/LONDON, Sept 23 (Reuters) – US and European stocks tumbled on Friday, the dollar scaled a 22-year high and bonds sold off again as fears grew that a central … Read more

University of Cambridge says it gained from slave trade

General view shows the University of Cambridge. October 1, 2020. REUTERS/Matthew Childs/ Register now for FREE unlimited access to Reuters.com Register It did not own slaves, but got significant benefits University and benefactors invested in the slave trade Black scholars to be celebrated, supported in new schemes Museum has recommended return of Benin Bronzes to … Read more

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

Ban on gas fracking in England lifted in push for energy independence

Register now for FREE unlimited access to Reuters.com Register Britain pushing to increase domestic energy supply Moratorium has been in place since 2019 More research needed to assess the risk of tremors BGS survey says challenges remain on predicting impact LONDON, Sept 22 (Reuters) – Britain on Thursday formally lifted a moratorium on fracking for … Read more

Ukraine attacks Russian Black Sea Fleet HQ, Sevastopol governor says

Ukraine strikes Russian Black sea base, governor says Zelenskiy says grain harvest may be halved by war Zelenskiy orders evacuation of Donetsk Dozens of POWs died in strike on separatist-held prison ODESA, Ukraine, July 31 (Reuters) – Ukrainian forces struck the headquarters of Russia’s Black Sea Fleet in Russian-held Sevastopol early on Sunday, the Crimean … Read more

Ukraine bombs Russian forces in drive to retake south

Ukraine tries to disrupt supply lines, bombs bridges Targets Russian forces with air strikes ‘Crucial’ details being worked out for grain shipments -UN July 29 (Reuters) – Ukraine stepped up its drive to retake Russian-controlled southern Ukraine by trying to bomb and isolate Russian troops in hard-to-resupply areas. In a Thursday night address, President Volodymyr … Read more

Russian-occupied Kherson cut off as Ukraine counter-attacks – Britain

Ukraine counter-offensive in Kherson gathering momentum – UK Russia in ‘massive redeployment’ in the south, Ukraine says Russian-backed forces take over Vuhlehirsk plant Blinken says he plans to call with Russia’s Lavrov July 28 (Reuters) – A Ukrainian counter-offensive has virtually cut off the Russian-occupied southern city of Kherson and left thousands of Russian troops … Read more

Europe’s heatwave reaches Poland, Greece as it moves eastwards, brings wildfires

Heatwave moves east after scorching western Europe Alarm about climate change, health impact as temperatures soar Wildfires still raging in Spain and Portugal New fires erupt in Italy, one blaze spreads to Slovenia Hundreds evacuated in Slovenia as wildfire spreads from Italy ATHENS/MILAN, July 21 (Reuters) – The vast heatwave covering swathes of Europe moved … Read more