LONDON (Reuters) -British trade union the RMT on Wednesday said planned strikes by tens of thousands of railway workers later this month and in early January would go ahead as scheduled after being informed that no new pay offer would be made. More than 40,000 railway workers are due to walk out on Dec. 13-14, …
UK rail strikes to go ahead as scheduled – trade union Read More »
BASEL, Switzerland (Reuters) – Christmas can never come too soon for Johann Wanner, the world’s biggest purveyor of hand-made festive decorations whose shop in the Swiss city of Basel attracts shoppers from around the world. “I think the business is quite good now. After these years of closing down (for the pandemic) people are ready …
Swiss Christmas decorations store booms as shoppers flock back Read More »
LONDON (Reuters) -Prime Minister Rishi Sunak said on Wednesday he would take more action “to protect the lives and livelihoods” of Britons during months of planned strikes by rail, health and postal workers. Britain, already grappling with industrial action across a range of sectors, now faces strikes by thousands of public-sector nurses in England and …
British PM Rishi Sunak pledges further action on strikes to ‘protect lives’ Read More »
LONDON (Reuters) – British banks should live up to their responsibilities and support mortgage borrowers who are struggling to make payments in the cost of living crisis, finance minister Jeremy Hunt said on Wednesday. Hunt’s comments came after he met with executives from Britain’s biggest high street banks including NatWest, Lloyds, HSBC and Barclays, as …
Banks should ‘live up’ to responsibilities and help mortgage borrowers – Jeremy Hunt Read More »
AMSTERDAM (Reuters) – Dutch co-operative bank Rabobank on Wednesday said it is under investigation by public prosecutors in the Netherlands for suspected violations of national money laundering laws. The bank in a statement said it was cooperating with the investigation. The disclosure follows a 2021 warning by the bank that it had been instructed by …
Rabobank investigated for suspected Dutch money laundering violations Read More »
BRUSSELS (Reuters) – The European Commission on Wednesday proposed a ninth package of sanctions on Russia over its invasion of Ukraine that would include almost 200 more individuals and entities on the EU sanctions list. Commission President Ursula von der Leyen said it favoured new sanctions against three additional Russian banks and new export controls …
EU Commission proposes ninth package of sanctions against Russia Read More »
By Huw Jones LONDON (Reuters) – Lessons will be applied swiftly from the collapse of crypto exchange FTX that left 80,000 UK investors nursing losses even though the platform was not registered in Britain, the UK Financial Conduct Authority said on Wednesday. Matthew Long, the FCA’s first director in the newly created digital assets unit, …
UK watchdog says applying lessons from FTX crypto collapse will be ‘pacy’ Read More »
By Amanda Ferguson BELFAST (Reuters) – Britain and the European Union have made progress on sharing real-time customs data relating to the Northern Ireland protocol but are “not quite there yet” on an issue that could help end their post-Brexit trade row, Ireland’s foreign minister said. Technical talks resumed in October for the first time …
Britain, EU making progress on protocol data sharing, Ireland says Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil edged to its lowest since the start of the year in volatile trading, after U.S. government data showed an unexpectedly large build in fuel stocks, feeding fears about demand in a market already spooked by an uncertain economy. Brent futures for February delivery fell $1.20 to $78.15 a barrel, …
Oil drops, hits lowest since January as U.S. data fans fuel demand fears Read More »
By Johann M Cherian and Shristi Achar A (Reuters) -Britain’s FTSE 100 slipped to one-week lows on Wednesday, dragged down by cyclical sectors amid growing worries about a recession, while GSK marked its best day since 2008 after the dismissal of U.S. lawsuits relating to heartburn drug Zantac. The blue-chip index closed down 0.4%, its …
FTSE 100 hits 1-week low amid broader gloom, GSK surges Read More »
