LONDON (Reuters) – Postal workers, teachers and university staff across Britain went on strike on Thursday to demand better pay, with warnings that there will be more industrial action and widespread disruption in the run-up to Christmas. More than 70,…
Remy Cointreau first-half profit beats estimates, cautiously optimistic on China
By Dominique Vidalon PARIS (Reuters) – France’s Remy Cointreau reported a stronger-than-expected 27% jump in first-half operating profit and kept its guidance for a slower second half, saying consumption trends were returning to more normal levels. Chi…
Analysis-Italy’s Meloni and the technocrats – a difficult power balance
By Giuseppe Fonte and Gavin Jones ROME (Reuters) – Having spent much of her career railing against bureaucrats and financial elites, Italy’s new right-wing Prime Minister Giorgia Meloni now has to get them on side – and it is not proving easy. Things g…
Ofgem says household energy bills to rise to nearly $5,200 a year
(Reuters) – British energy regulator Ofgem said its price cap for average household energy bills would rise to 4,279 pounds ($5,170.74) a year from January to the end of March 2023. Households, however, will not pay this amount as Ofgem’s price cap has…
Oil drops as price cap proposal eases supply concerns
By Ahmad Ghaddar LONDON (Reuters) – Oil prices fell on Thursday, hovering around two-month lows as the level of a proposed G7 cap on the price of Russian oil raised doubts about how much it would limit supply. A bigger than expected build in U.S. gasol…
Elior declines comment on report of possible Derichebourg tie-up
PARIS (Reuters) – French catering company Elior declined to comment on Wednesday on a Bloomberg News report that it was weighing a tie-up with its biggest investor, Derichebourg. A company spokesperson said Elior referred back to comments made earlier …
Huge Foxconn iPhone plant in China rocked by fresh worker unrest
By Brenda Goh and Yimou Lee SHANGHAI/TAIPEI (Reuters) – Hundreds of workers joined protests at Foxconn’s flagship iPhone plant in China, with some men smashing surveillance cameras and windows, footage uploaded on social media showed. The rare scenes o…
Blow for Scottish nationalists as UK court rejects independence vote bid
By Michael Holden and Andrew MacAskill LONDON (Reuters) – The Scottish government cannot hold a second referendum on independence without approval from the British parliament, the United Kingdom’s top court ruled on Wednesday, dealing a hammer blow to …
UK PMI sticks near 21-month low as orders weaken
By David Milliken LONDON (Reuters) – British economic activity fell at close to its fastest pace in nearly two years in November, adding to signs of recession as orders sank and employment growth slowed, a survey showed on Wednesday. The ‘flash’ or pre…
Walmart Chesapeake shooting: Manager kills 6 fellow workers and himself
By Jay Paul and Nathan Layne CHESAPEAKE, Va. (Reuters) -A manager at a Walmart Inc. store in Virginia entered a break room and opened fire on fellow employees before turning the gun on himself, an eyewitness said on Wednesday, leaving a total of seven …