ROME (Reuters) – Italy votes in a national election on Sunday that could herald its most right-wing government since World War Two, led by its first woman prime minister. The vote was called after infighting brought down Prime Minister Mario Draghi’s n…
Britain to scrap banker bonuses to keep City competitive
LONDON (Reuters) – Britain will accelerate moves to bolster the City of London’s competitiveness as a global financial centre by scrapping the cap on banker bonuses, its finance minister Kwasi Kwarteng said on Friday. “We need global banks to create jo…
Airbus slams sceptical supplier Raytheon over jet output
By Tim Hepher PARIS (Reuters) -Europe’s Airbus clashed on Friday with U.S. giant Raytheon Technologies over plans for a record leap in jetliner output, after the industry’s largest contractor questioned whether a battered supply chain could keep up. Th…
Spain Q2 quarterly GDP growth revised to 1.5% from 1.1%
MADRID (Reuters) -Spanish GDP grew faster in the second quarter than originally estimated, compared with the prior quarter, reflecting a healthy Easter rebound from the winter months and a more robust export rise, data from the National Statistics Inst…
Icelandic police arrest four suspected of planning ‘terror attack’ – broadcaster RUV
COPENHAGEN (Reuters) – Police in Iceland arrested four Icelandic men suspected of planning an attack against public buildings, including the Icelandic parliament and police, public broadcaster RUV reported late on Thursday. The men, all in their 20s, w…
U.S. aircraft carrier arrives in South Korea as warning to North
By Josh Smith BUSAN, South Korea (Reuters) -A U.S. aircraft carrier arrived in South Korea on Friday for the first time in about four years, set to join other military vessels in a show of force intended to send a message to North Korea. USS Ronald Rea…
Oil plunges to eight-month low on strong dollar, recession fears
By Scott DiSavino NEW YORK (Reuters) -Oil prices plunged about 5% to an eight-month low on Friday as the U.S. dollar hit its strongest level in more than two decades and on fears rising interest rates will tip major economies into recession. Brent futu…
UK economic plans are not a gamble – minister
LONDON (Reuters) – Britain’s economic plans are not a gamble, levelling-up minister Simon Clarke said on Friday, ahead of a fiscal statement due to set out tax cuts designed to spur economic growth that outstrips rising national debt. “The evidence of …
British sub-prime lender Amigo CEO Jennison to step down
(Reuters) – British sub-prime lender Amigo Holdings Plc said on Friday its chief executive officer Gary Jennison was stepping down from his role and he would be replaced by current chief financial officer Danny Malone. Kerry Penfold, who is currently t…
Yen buoyant after intervention, dollar powers ahead
By Rae Wee SINGAPORE (Reuters) – The yen was heading on Friday to its first weekly gain in more than a month after Japanese authorities intervened in markets to support the yen for the first time since 1998, while a towering dollar kept other currencie…