LONDON (Reuters) -The Bank of England (BoE) cannot consider the threats posed by inflation to be under control and interest rates will need to rise further but the economy is going into a recession, complicating the outlook, its chief economist said. “…
Bulgarian police officer shot dead at border with Turkey
SOFIA (Reuters) – A Bulgarian police officer was shot dead at the border with Turkey in the southeastern part of the Balkan country in a shootout with a suspected group of migrants, Interior Minister Ivan Demerdzhiev said on Tuesday. The incident occur…
‘Exceptional’ discovery as ancient bronze statues emerge in Tuscany
By Alvise Armellini ROME (Reuters) – Archaeologists in Italy have found more than two dozen beautifully preserved bronze statues dating back to ancient Roman times in thermal baths in Tuscany, in what experts are hailing as an “exceptional” discovery. …
UK’s Persimmon signals margin hit amid house price fall
(Reuters) – Persimmon, Britain’s second-largest housebuilder, warned on 2023 profit margins on Tuesday, after house prices deteriorated and its sales rate slipped, as the political and economic turmoil in the country and a deepening cost-of-living cris…
Top EU court backs Fiat appeal against 30 million euro EU tax payment order
LUXEMBOURG (Reuters) – Europe’s top court on Tuesday scrapped an EU order to Italian carmaker Fiat Chrysler to pay 30 million euros ($30 million) in back taxes to Luxembourg. “The Court of Justice that the General Court was wrong to confirm the referen…
ECB can’t let up in fight against inflation, Nagel says
FRANKFURT (Reuters) – The European Central Bank can’t let up in its fight against high inflation in the euro zone, ECB policymaker Joachim Nagel said on Tuesday. “I will … do my utmost to ensure that we, the Governing Council of the ECB, do not let u…
Rouble edges lower after clipping over 2-week high vs dollar
MOSCOW (Reuters) – The Russian rouble edged lower on Tuesday, giving up some of the gains made in the previous session and pulling back from a more than two-week high hit against the dollar in early trade. At 0805 GMT, the rouble was 0.2% weaker agains…
Nintendo lifts guidance on weaker yen, sees slower console sales
TOKYO (Reuters) – Japanese videogame maker Nintendo Co Ltd raised its annual profit forecast by 18% on Tuesday as a softer yen helped offset slower-than-expected Switch console sales. Nintendo, which earns about 80% of its revenues overseas, expects it…
Bayer Q3 earnings up 17.3% on agriculture sales
FRANKFURT (Reuters) – Agriculture and pharmaceuticals company Bayer on Tuesday reported higher adjusted quarterly earnings on strong demand for its seeds and pesticides and it confirmed its full-year guidance. Bayer said in a statement that third-quart…
U.S. governors races weigh heavy on abortion, voting rights
By Tim Reid and Daniel Trotta PHOENIX (Reuters) -Competitive governors contests are on the ballot in about a dozen states in Tuesday’s U.S. midterm elections, with outcomes that hold far-reaching consequences on issues such as abortion, voting rights a…