PARIS (Reuters) – Renault could face prosecution in France over faulty engines as a group of customers plans to lodge a criminal complaint against the carmaker next week, the group’s lawyer said on Friday. “We are going to file a complaint on Monday on behalf of at least several dozen people,” Christophe Leguevaques told Reuters,…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – London-based Arch Insurance International has authorized cryptocurrency insurer Evertas to increase the coverage limit for a single policy to $420 million for custodians or exchanges in what the U.S firm said is the highest in the industry. The move is a big boost for a crypto sector tainted…
By Michael Holden LONDON (Reuters) – Prince Harry will become the first senior British royal to give evidence in court for 130 years when he testifies next week in his lawsuit against a newspaper group he accuses of unlawful behaviour. Harry, King Charles’ younger son, will appear in the witness box at London’s High Court…
LONDON (Reuters) – Veteran British stock-picker Richard Buxton is set to retire from Jupiter Asset Management at the end of the summer, the company said in a statement on Friday. Over a career spanning nearly four decades Buxton became one of Britain’s highest profile fund managers, rising up the ranks in the industry through stints…
By Joe Brock and Kanupriya Kapoor SINGAPORE (Reuters) -Australian Prime Minister Anthony Albanese on Friday called for greater engagement between the United States and China, saying a breakdown in dialogue between the superpowers could have devastating consequences for the world. The relationship between the United States and China is at its lowest point in decades,…
By Jonathan Cable LONDON (Reuters) – A crash in British home prices is unlikely but they will dip further this year than earlier thought as the cost of living crisis and rising borrowing costs take their toll on indebted buyers, a Reuters poll showed. As in much of the world, home prices soared during the…
By Milana Vinn, Abigail Summerville and David Carnevali NEW YORK (Reuters) – Barclays Chief Executive C.S. Venkatakrishnan held a virtual town hall this week to address management changes that have led to about two dozen U.S. investment bankers fleeing in the last few weeks, people familiar with the matter said. The bankers have left for…
LONDON (Reuters) – A British teenager who detectives believe may have been just hours away from launching an attack on police or soldiers, was on Friday sentenced to a minimum of six years in jail for terrorism offences. Matthew King, 19, who converted to Islam during the COVID-19 lockdown and then became quickly radicalised by…
A look at the day ahead in U.S. and global markets from Mike Dolan With the U.S. debt ceiling removed, world markets see the sky again – encouraged that robust U.S. labor markets continue to defy recession fears as interest rates near peaks. May’s U.S. employment report later on Friday now stands as the last…
By Mike Dolan LONDON (Reuters) -The economic airplane hasn’t reached the runway yet and has hit some more heavy turbulence in 2023 – but investors suspect a relatively gentle touchdown may be back on the cards. It’s not even midyear yet, but the full gamut of scenarios has been juggled in just five months. World…
