By William Schomberg, Kylie MacLellan and Elizabeth Piper LONDON (Reuters) – Britain’s new finance minister Jeremy Hunt scrapped Prime Minister Liz Truss’s economic plan and scaled back her vast energy support scheme on Monday, making a historic policy…
U.S. stocks surge, dollar dips on solid earnings, UK policy U-turn
By Stephen Culp NEW YORK (Reuters) – Wall Street rallied on Monday, with U.S. equities picking up where their European counterparts left off as strong earnings and a financial policy reversal in the U.K. fueled risk appetite and boosted the sterling an…
Senator blocks $75 million in U.S. military aid to Egypt over rights concerns
By Humeyra Pamuk WASHINGTON (Reuters) – Egypt has missed out on an additional $75 million in American military aid after a senior Democratic U.S. senator blocked the funding over concerns about Cairo’s human rights record including holding political pr…
U.S. condemns ‘war crimes’ after Russia drone attack hits Kyiv apartment block
By Pavel Polityuk and Jeff Mason KYIV/WASHINGTON (Reuters) -The United States will hold Russia accountable for “war crimes”, the White House said on Monday, hours after Russia attacked Ukrainian cities with drones during morning rush hour, killing at l…
Lawmakers will try to oust UK PM Truss this week – Daily Mail
(Reuters) – British lawmakers will try to oust Prime Minister Liz Truss this week despite Downing Street’s warning that it could trigger a general election, the Daily Mail reported. (Reporting by Anirudh Saligrama in Bengaluru, editing by Deepa Babington)
Thousands take to the streets of Paris to protest soaring prices
By Lucien Libert and Stéphane Mahe PARIS (Reuters) – Thousands of people took to the streets of Paris on Sunday to protest against soaring prices as weeks of strikes for higher wages at oil refineries spurred demands for a general strike. The leader of…
At least six hurt in explosion at Spanish restaurant
MADRID (Reuters) – At least six people were injured in an explosion at a Japanese restaurant in Tarragona, northeastern Spain, emergency services said on Sunday. The cause of the explosion, which happened around 4:00 pm local time, was not immediately …
Biden will act ‘methodically’ in re-evaluating Saudi relationship
By David Lawder WASHINGTON (Reuters) -U.S. President Joe Biden will act “methodically” in deciding how to respond to Saudi Arabia over oil output cuts, but options include changes to U.S. security assistance, White House national security adviser Jake …
Employers may need to justify bans on wearing religious signs, EU court says
(This Oct. 13 story has been corrected to clarify the circumstances under which companies in the EU can ban religious signs, including headscarves.) By Foo Yun Chee BRUSSELS (Reuters) – EU companies can ban the visible wearing of religious signs, inclu…
UK finance minister Hunt vows to win back financial market trust
By William James and William Schomberg LONDON (Reuters) -New finance minister Jeremy Hunt promised to win back Britain’s economic credibility by fully accounting for the government’s tax and spending plans, while insisting his boss Liz Truss remained i…