LONDON (Reuters) – Bank of England Governor Andrew Bailey and other top officials from the British central bank spoke to lawmakers on Monday about this month’s decision to raise interest rates in the face of an inflation rate they think will hit 10% th…
Swiss to help adopted Sri Lankans trace their roots, in wake of scandal
ZURICH (Reuters) – The Swiss government will help people adopted from Sri Lanka up until the 1990s search for their birth families under a pilot project launched on Monday, after a scandal over allegations that child traffickers had sent stolen childre…
Swedish government takes formal decision to apply for NATO membership
STOCKHOLM (Reuters) – Sweden’s Social Democrat minority government on Monday took the formal decision to apply for NATO membership, following in the footsteps of its neighbour Finland in a move that will redraw the geopolitical map of northern Europe. …
Golden arches to go dark in Russia as McDonald’s exits after 30 years
By Uday Sampath Kumar (Reuters) -McDonald’s Corp on Monday became one of the biggest global brands to exit Russia, laying out plans to sell all its restaurants after operating in the country for more than 30 years following the invasion of Ukraine. The…
Remittances from Egyptians abroad in March up 12.8% yr/yr
CAIRO (Reuters) – Remittances from Egyptians working abroad in March increased 12.8% to about $3.3 billion versus $2.9 billion a year earlier, the central bank said in a statement on Monday. Overall remittances for the first 9 months of fiscal year 202…
Ukraine sugar producer Astarta completes 2022 sugar sowing
KYIV (Reuters) – Ukraine’s major white sugar producer, Astarta, has completed sowing at 33,000 hectares, almost the same acreage as it sowed in 2021, the company said on Monday. In 2021, Astarta sowed 33,500 hectares for sugar beet, or almost 15% of th…
Vodafone shares edge up after UAE stake buy provides support
By Kate Holton LONDON (Reuters) -Shares in Vodafone edged higher on Monday as a surprise $4.4 billion investment from the UAE-based telecoms company e& provided a much needed but possibly short-term boost to the British firm’s CEO Nick Read. The compan…
Germany to reject EU green investment label for nuclear power
By Kate Abnett BRUSSELS (Reuters) – Germany will oppose European Union plans to include nuclear energy as a sustainable investment in its “taxonomy” policy for labelling green investments, the government said on Monday. Brussels is seeking approval fro…
Tennis-Briton Robson calls time on career due to injury issues
(Reuters) – Britain’s former junior Wimbledon champion and Olympic mixed doubles silver medallist Laura Robson announced her retirement on Monday due to persistent injury problems. A former world number 27, Robson lifted the junior crown at the grassco…
European shares slide as weak China data stokes recession woes
By Susan Mathew (Reuters) -European shares fell on Monday, with French and German stocks losing up to 1% each, as alarmingly weak economic data from China fanned global recession fears. China’s April retail sales plunged 11.1%, almost twice the fall fo…