FRANKFURT (Reuters) – The European Central Bank confirmed on Thursday it will end a long-running bond buying scheme on July 1 and signalled a string of interest rate hikes from July as it battles stubbornly high inflation. With price growth surging las…
German investigators question driver after ‘dark day’ for Berlin
By Riham Alkousaa BAD AROLSEN, Germany (Reuters) -Authorities had yet to establish a motive on Thursday for a 29-year-old German-Armenian man who rammed his car into a group of schoolchildren in Berlin, killing a teacher and leaving another fighting fo…
Age to buy cigarettes in England should rise every year, review says
By Farouq Suleiman LONDON (Reuters) -The legal age of sale for cigarettes in England should be raised by one year every year until eventually no one can buy tobacco products, a government-commissioned review said on Thursday. Progressively increasing t…
Meta unfriends FB ticker in final farewell to Facebook era
(Reuters) – After a decade of trading as Facebook, the social media giant is shedding the last vestige of its old corporate avatar as it begins trading under the ticker symbol ‘META’ on Thursday. Meta Platforms Inc rebranded from its eponymous social n…
Sweden sells Orio AB to car dealer Hedin Mobility Group
COPENHAGEN (Reuters) – The Swedish government said on Thursday it had decided to sell state-owned company Orio AB, the exclusive global supplier of Saab Original spare parts, to car dealer Hedin Mobility Group in a transaction worth 503 million Swedish…
European labour strife, staff shortages disrupt summer travel
By Allison Lampert and Inti Landauro (Reuters) -Labour strife in Europe is driving expectations of more travel headaches during the busy summer season, with airports and airlines clamouring to find more workers, minimize cancelled flights and reduce de…
Turkey’s Erdogan tells Greece not to arm demilitarised islands
By Ezgi Erkoyun ISTANBUL (Reuters) – Turkish President Tayyip Erdogan said on Thursday Greece should stop arming islands in the Aegean Sea that have a demilitarised status and abide by international agreements, in comments likely to further fuel long-r…
Spain confident Algeria will respect gas supply contracts despite diplomatic spat
MADRID (Reuters) -Spain’s Energy Minister Teresa Ribera said on Thursday she is confident Algerian state-owned gas company Sonatrach will respect its commercial contracts to supply natural gas to Spanish utilities despite a diplomatic spat. “We won’t t…
UK appoints Marjorie Ngwenya to Prudential Regulation Committee
LONDON (Reuters) – Britain said on Thursday it had appointed Marjorie Ngwenya to serve on the Bank of England’s Prudential Regulation Committee, which supervises the conduct of financial companies. Ngwenya, a former president of the UK Institute and Fa…
Discounter Pepco winning share in all markets, says finance chief
LONDON (Reuters) – Pepco Group, owner of European discount retailer brands PEPCO, Poundland and Dealz, is winning market share across all its markets as shoppers seek value amid intense inflationary pressure, its acting finance chief said on Thursday. …