By Johann M Cherian, Bansari Mayur Kamdar and Susan Mathew (Reuters) -London’s blue-chip FTSE index erased steep session losses to close higher on Wednesday, while the mid-cap index cut all of its bruising 3% plunge after the Bank of England’s promise …
Sterling pares losses against dollar as BOE resumes bond purchases
By Harry Robertson LONDON (Reuters) -Sterling regained ground against the dollar in volatile trading on Wednesday after the Bank of England (BOE) said it would step in to calm the turbulence in the UK government bond market. The pound fell as much as 1…
Exclusive-Brands blast Twitter for ads next to child pornography accounts
By Sheila Dang and Katie Paul (Reuters) – Some major advertisers including Dyson, Mazda and chemicals company Ecolab have suspended their marketing campaigns or removed their ads from parts of Twitter because their promotions are appearing alongside tw…
UK City Minister: government not taking responsibility for market chaos
LONDON (Reuters) -Britain’s City Minister Andrew Griffith said on Wednesday that the government was not take responsibility for the turmoil in financial markets that followed a fiscal policy announcement last week. The Bank of England sought to quell a…
Man killed in shoot-out during Belgian raids targeting far right
BRUSSELS (Reuters) – A man was killed in a shoot-out with police in Belgium on Wednesday during raids into far-right sympathisers suspected of planning an attack and illegally possessing arms. Police carried out raids at around 10 addresses mostly in t…
Fertiliser maker Yara joins Norway’s Hystar for green ammonia trial
By Nora Buli OSLO (Reuters) – Global fertiliser producer Yara has joined a pilot project to test a new method of producing green ammonia being developed by fellow Norwegian company Hystar, the two firms said on Wednesday. Yara Clean Ammonia has joined …
UK PM Truss working with finance minister on supply side reforms – spokesman
LONDON (Reuters) – British Prime Minister Liz Truss is standing by her finance minister Kwasi Kwarteng, her office said after his so-called mini budget sent financial markets into turmoil. “The PM and the Chancellor are working on the supply side refor…
More than half the gas has left damaged Nord Stream pipelines – Danish Energy Agency head
COPENHAGEN (Reuters) -More than half the gas in the damaged Nord Stream 1 and Nord Stream 2 gas pipelines has left the pipes and the remaining volume is expected to be gone by Sunday, the head of the Danish Energy Agency Kristoffer Bottzauw said on Wed…
Analysis-Truth or bluff? Why Putin’s nuclear warnings have the West worried
By Guy Faulconbridge and Andrew Osborn LONDON (Reuters) – President Vladimir Putin’s latest warning that he is ready to use nuclear weapons to defend Russia amid the war in Ukraine has made a troubling question much more urgent: Is the former KGB spy b…
Germany extends run times for coal-fired power plants to boost supply
By Vera Eckert FRANKFURT (Reuters) – Germany’s cabinet on Wednesday passed two decrees to prolong the operation of sizeable hard coal-fired power generation plants up to March 31, 2024, and to bring back idled brown coal capacity up to June 30, 2023, t…