Reuters UK

By David Milliken and Andy Bruce LONDON (Reuters) – The Bank of England raised interest rates by the most since 1989 on Thursday but it also warned that Britain faced a long recession and told investors borrowing costs were likely to go up by less than…

SARAJEVO (Reuters) – Croatian food producer and retailer Fortenova Grupa said it had not been officially notified of a deal that Russian state bank Sberbank Rossii PAO reached to sell its 43% stake in the company, local media reported on Thursday. In a…

ZURICH (Reuters) -Switzerland has again rejected an appeal from Germany to allow it to re-export Swiss-made ammunition to Ukraine, the government said on Thursday, saying such a move would violate Swiss neutrality. German Defence Minister Christine Lam…

(Reuters) – Elon Musk plans to cut about 3,700 jobs at Twitter Inc or half of the company’s workforce, Bloomberg News’ reporter tweeted on Wednesday. (Reporting by Sneha Bhowmik in Bengaluru; Editing by Rashmi Aich)

By Wayne Cole SYDNEY (Reuters) – Asian share markets slid on Thursday after the U.S. Federal Reserve laid the groundwork for a protracted tightening campaign that torpedoed market hopes for a pause, sank bonds and lifted the dollar. Investors were init…

(Reuters) – Cosmetics maker L’Oréal SA has suspended advertising spending on Twitter, the Financial Times reported on Wednesday, citing sources familiar with the matter. The social media platform was acquired by billionaire Elon Musk last week for $44 …

(Reuters) – Moscow on Wednesday added Walt Disney, Marvel and DC Comics to a list of brands that can be imported without permission, ensuring sanctions will not hit Russians’ ability to snap up authentic Mickey Mouse and Spider-Man memorabilia. In resp…

By Tristan Chabba (Reuters) -Swiss duty-free retailer Dufry said on Wednesday it expects a sharp rise in 2022 turnover as it posted a nearly 57% jump in third quarter sales, boosted by leisure travel in summer months. The company, which operates in ove…

By Herbert Lash and Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar slid broadly against major currencies on Wednesday after the Federal Reserve signaled that future interest rate increases to battle high inflation could be made in smaller increments….

By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks were mostly higher in choppy trading while the dollar fell against the Japanese yen on Wednesday after the U.S. Federal Reserve announced a three-quarters of a percentage point interest rate hik…