LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Wednesday there were some signs of a cooling of inflation pressure in Britain’s labour market but it was too soon to say the risks posed by the shortage of workers was over. “There are signs that the labour market is loosening a little,” Bailey said…
FRANKFURT (Reuters) – The European Central Bank on Wednesday told banks to step up how they manage struggling borrowers and their own currency trading in an environment of higher interest rates and jittery financial markets. Andrea Enria, head of the ECB’s Supervisory Board, has long worried about the economic fallout of rising borrowing costs and…
BRUSSELS (Reuters) – Broadcom has has offered interoperability remedies in an attempt to address EU antitrust concerns about its $61 billion bid for VMware, people familiar with the matter said. Broadcom submitted its proposal on Tuesday, a European Commission filing showed on Wednesday. The EU competition enforcer, which did not provide details in line with…
By Khalid Abdelaziz DUBAI (Reuters) – Air strikes and artillery fire intensified sharply across Sudan’s capital on Tuesday, residents said, as the army sought to defend its bases from paramilitary rivals it has been fighting for more than a month. The air strikes, explosions and clashes could be heard in the south of Khartoum, and…
By Gergely Szakacs BUDAPEST (Reuters) – Poland’s government must ensure its fiscal policies support the fight to bring inflation down, the International Monetary Fund’s regional head told Reuters, days after fresh pre-election pledges of welfare hikes by Poland’s ruling nationalists. Law and Justice (PiS) party leader Jaroslaw Kaczynski announced on Sunday that an existing so-called…
By Tim Reid and Nathan Layne (Reuters) – Amid the headline-grabbing insults and name-calling, Donald Trump is pursuing a surprisingly policy-heavy strategy to damage his closest Republican rival Ron DeSantis before he enters the presidential race, according to a Reuters analysis of the former president’s statements since he announced his White House bid. Forty…
By Brendan Pierson (Reuters) – The 5th U.S. Circuit Court of Appeals in New Orleans on Wednesday will hear the Biden administration’s bid to overturn a Texas judge’s order that, if allowed to take effect, would make the abortion drug mifepristone illegal. However the 5th Circuit rules, the case will likely continue for months or…
By David Carnevali NEW YORK (Reuters) – Investors are scrambling to assess the fallout of a U.S. regulatory challenge against Amgen Inc’s proposed $27.8 billion acquisition of Horizon Therapeutics Plc, with some fearing a spillover to other big deals in the drug sector. While investors are accustomed to regulators under U.S. President Joe Biden citing…
BEIJING (Reuters) – Nomura has cut its forecast for China’s 2023 gross domestic product (GDP) growth to 5.5% from 5.9% previously, after April data showed a post-COVID recovery in the world’s second-largest economy is losing steam. Data on Tuesday showed China’s April factory output and retail sales growth undershot forecasts, adding pressure on policymakers to…
By Philip Blenkinsop BRUSSELS (Reuters) – The European Commission proposed on Wednesday a reform of customs rules for the surge of incoming packages ordered online and to cope with increased environmental and labour standards and sanctions on imported goods. Under the proposal, the European Union will have a new customs authority and a single online…
