LONDON (Reuters) – Tamils who resettled in Britain after fleeing the Sri Lankan civil war held a vigil in London on Wednesday, with some likening the island nation’s current economic crisis to the conditions they faced during the decades-long conflict….
UK’s Sunak says Bank of England focused on getting inflation back to 2% target
LONDON (Reuters) – The Bank of England is focused on getting inflation back to its 2% target, British finance minister Rishi Sunak said on Wednesday. “It is the Bank of England’s role to control inflation, and they are rightly independent,” Sunak said …
Factbox-Russian firms, entities halt publishing data amid sanctions
(Reuters) – Oil pipeline monopoly Transneft has joined other Russian entities in curbing access to trade and financial data, sources told Reuters. In the wake of Western sanctions imposed on Russia after it sent troops into Ukraine, the central bank sa…
Turkey’s Erdogan links Sweden NATO bid to return of ‘terrorists’
By Nevzat Devranoglu and Ali Kucukgocmen ANKARA (Reuters) -President Tayyip Erdogan said on Wednesday Sweden should not expect Turkey to approve its NATO bid without returning “terrorists”, and Swedish and Finnish delegations should not come to Turkey …
Biden says Finland, Sweden NATO bids will be ‘OK’
JOINT BASE ANDREWS, Md. (Reuters) – U.S. President Joe Biden said on Wednesday he thought the bids by Sweden and Finland to join NATO would be successful, despite objections raised by Turkey to their applications. “I think we’re going to be OK,” Biden …
Explainer-Why monkeypox cases are rising in Europe
By Jennifer Rigby LONDON (Reuters) – A handful of cases of monkeypox have now been reported or are suspected in the United Kingdom, Portugal and Spain. The outbreaks are raising alarm because the disease mostly occurs in west and central Africa, and on…
Sinn Fein’s McDonald says ‘bad faith’ UK government boosts united Ireland case
By Padraic Halpin DUBLIN (Reuters) – Sinn Fein leader Mary Lou McDonald on Wednesday said Britain’s proposals to override some post-Brexit trade rules in Northern Ireland were “astonishing” and yet another move by London that only serves to boost the I…
Dollar recovers ground as risk appetite fades
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar rose on Wednesday, on pace to snap a three-session losing streak, as concerns about the outlook for global economic growth and rising inflation knocked sentiment a day after U.S. Federal Reserve …
Russia’s TCS says first-quarter net profit fell, without giving figures
(Reuters) – TCS Group Holding, which runs online bank Tinkoff, Russia’s second-largest credit card issuer, said on Wednesday its net profit had fallen year-on-year and quarter-on-quarter, but declined to disclose figures. The lender, which has not been…
Spain’s BBVA lifts stake in Turkish Garanti to 86%
By Jesús Aguado MADRID/ISTANBUL (Reuters) – Spain’s BBVA said on Wednesday it had paid 22.76 billion Turkish lira ($1.43 billion) to raise its stake in Garanti to 85.97%, following its bid for the rest of the Turkish lender it did not own. Like bigger …