LONDON (AP) — Britain’s Treasury chief on Wednesday announced a package of tax cuts and support payments that fell far short of what consumer advocates had demanded to shield working families from the soaring cost of living, triggering criticism that he doesn’t understand the scale of the crisis. Rishi Sunak cut fuel taxes by 5…
GUISSONA, Spain (AP) — As Ukrainian refugees fleeing bombs and bullets at home fan out across Western Europe, few places they arrive feel as welcoming as a Spanish town known for years as “Little Ukraine.” Even before Russian tanks rolled into Ukraine last month, one in seven residents of Guissona was originally from there. Guissona’s…
By Steve Scherer and Nia Williams OTTAWA/CALGARY, Alberta (Reuters) – Canada on Thursday will outline plans to increase oil exports to help alleviate the tight global market following Russia’s invasion of Ukraine, but the hike will not undermine Ottawa’s long-term climate commitments, a government source said. Federal Natural Resources Minister Jonathan Wilkinson will detail Canada’s…
BRUSSELS (AP) — Even before Air Force One touches down in Brussels to bring President Joe Biden to three Ukraine summits on Thursday, Western allies have already found what they are looking for — that all too rare sense of unity. They have Russian President Vladimir Putin to thank for that. After Russia’s invasion of…
By Jarrett Renshaw WASHINGTON (Reuters) – U.S. President Joe Biden has few appealing policy options to get record high U.S. gasoline prices under control ahead of the critical summer driving season, when millions of Americans fill their tanks and hit the road for vacations. “The President and our national security team and our economic team…
FRANKFURT (Reuters) -A pay increase for thousands of workers at Deutsche Bank’s retail unit Postbank has been agreed with management, brightening prospects for a wage deal for the broader German industry after months of wrangling and strikes. The deal, sealed on Tuesday evening, comes as inflation in Germany hovers above 5% and after Deutsche paid…
LONDON (AP) — The Dubai government-owned ferry operator at the center of a bitter labor dispute in Britain says it didn’t break the law when it fired 786 crew members without advance notice because they all worked on ships registered outside the U.K. P&O Ferries also acknowledged in a letter dated Wednesday that the way…
BARCELONA (Reuters) – Volkswagen’s planned battery cell plant in Spain will be located in Sagunto, on the outskirts of Valencia, and will have around 3,000 employees and a production of 40 gigawatt hours (GWh) a year, the carmaker said on Wednesday. The German group has embarked in an ambitious plan to build six large battery…
By Andy Bruce LONDON (Reuters) -British inflation shot up faster than expected last month to hit a new 30-year high, worsening a historic squeeze on household finances that finance minister Rishi Sunak is under pressure to ease in a budget update later on Wednesday. The Office for National Statistics said consumer prices rose by 6.2%…
ROME (Reuters) -Automotive Cells Company (ACC), a joint venture between Stellantis , Mercedes-Benz and TotalEnergies, said on Wednesday it plans to build a battery plant in Italy. ACC will convert an existing Stellantis plant in Termoli, in southern Italy, into a battery facility as agreed in a March 21 memorandum of understanding with Italian authorities….
