By Joice Alves and Rae Wee LONDON/SINGAPORE (Reuters) – Sterling fell on Thursday, marching towards Wednesday’s almost two-week low, as investors nervously awaited an impending deadline for the end of the Bank of England’s emergency bond-buying program…
UK bond market pressure eases a bit as end of BoE buying nears
By David Milliken LONDON (Reuters) – Longer-duration British gilt yields fell on Thursday, easing back from 20-year highs struck on Wednesday before the Bank of England bought 4.4 billion pounds ($4.88 billion) of debt at its daily reverse auctions – w…
China’s 20th Communist Party Congress: What you need to know
(Reuters) – China’s 20th Communist Party Congress kicks off on Sunday, with Xi Jinping widely expected to clinch his third five-year stint in charge – a mandate that would secure his stature as the country’s most powerful ruler since founding leader Ma…
Queen Elizabeth’s life features in a new comic book
By Alicia Powell NEW YORK (Reuters) – The life of Queen Elizabeth, Britain’s longest-reigning monarch, is celebrated in a new comic book by TidalWave Comics, covering her public and private life, big events, family scandals, and crises. The queen died …
Carbon credit use could curb company climate action, warns UK advisers
By Susanna Twidale LONDON (Reuters) – The use of cheap carbon offsets by companies to meet net zero targets could curb their efforts to cut emissions and slow the delivery of climate goals, Britain’s climate change advisers said on Thursday. Many UK li…
UK house price growth slows to weakest since July 2020 – RICS
By William Schomberg LONDON (Reuters) – British house prices rose last month at their slowest pace since early in the coronavirus crisis and they look on course to fall as a surge in mortgage costs adds to uncertainty about the economy for home-buyers,…
Britain to donate air defence missiles to Ukraine
LONDON (Reuters) – Britain said it would donate air defence missiles capable of shooting down cruise missiles to Ukraine in the wake of Russian strikes on Kyiv and other cities in recent days. British Defence Secretary Ben Wallace announced the new sup…
G7 finance leaders pledge to intensify climate efforts despite war challenges
WASHINGTON (Reuters) – Finance leaders from the Group of Seven wealthy democracies pledged on Wednesday to increase emissions reductions efforts and climate support for developing countries despite energy cost and security challenges prompted by Russia…
France’s Macron urges oil firms, unions to strike deal or face requisitions
PARIS (Reuters) – French President Emmanuel Macron said on Wednesday it was up to oil companies and their trade unions to reach a deal and put an end to weeks of strikes that have caused severe disruptions in France. However, he said the government mig…
Ukraine war to cut Europe’s gas consumption for decades, consultancy says
By Nora Buli OSLO (Reuters) – Europe will more rapidly reduce its reliance on natural gas as a result of the war in Ukraine, replacing Russian energy and boosting the continent’s security of supply, Norway-based consultancy DNV predicted on Wednesday. …