Bank of England ‘will not hesitate’ to act as it monitors market turmoil

Bank of England ‘will not hesitate’ to act as it monitors market turmoil

Pound briefly touched a record low against the dollar Five-year gilts match Friday’s record daily slump Yields on 2-year and 5-year debt up 100 bps in 2 days Finance minister to detail fiscal plans on Nov. 23 BoE monitoring developments ‘very closely’ LONDON, Sept 26 (Reuters) – The Bank of England said on Monday it … Read more

Europe races to prepare for energy crunch this winter

Spain may shut energy-intensive industries at peak times France prepares to send gas to Germany in October Germany to sign LNG contracts in UAE Berlin still working on Uniper bailout BERLIN/LISBON, Sept 19 (Reuters) – Germany was pressing on Monday to secure liquefied natural gas contracts with Gulf producers and other European states outlined measures … Read more

Russian artillery and air strikes pound eastern Ukraine targets

Russia steps up strikes at Ukrainian civilian targets – Britain Ukraine says graves found near Izium, relatives search for dead Biden urges Putin not to use tactical nuclear, chemical weapons Main power line restored at Zaporizhzhia nuclear plant – IAEA IZIUM, Ukraine, Sept 18 (Reuters) – Russia has widened its strikes on Ukrainian civilian infrastructure … Read more

Ukraine says mass grave found in Izium where Russians died days ago

More than 400 bodies found in grave in northeastern town – police Zelenskiy blames Russia and says it must be held responsible No immediate public comment from Moscow on the allegation Recaptured towns shelled by Russians, Ukraine says KYIV, Sept 16 (Reuters) – Ukrainian authorities found a mass grave containing 440 bodies in the northeastern … Read more

Exclusive: US weighs China sanctions to deter Taiwan action, Taiwan presses EU

TAIPEI/FRANKFURT/WASHINGTON, Sept 13 (Reuters) – The United States is considering options for a sanctions package against China to deter it from invading Taiwan, with the European Union coming under diplomatic pressure from Taipei to do the same, according to familiar sources. with the discussions. The sources said the deliberations in Washington and Taipei’s separate lobbying … Read more

Ukraine’s Zelenskiy sees damage in recaptured towns; Russia strikes city water system

Russian missiles attack Kryvyi Rih water system, Ukraine says Zelenskiy makes a surprise visit to Izium, Ukrainian flag raised Russian, Chinese navies conduct joint patrols in the Pacific IZIUM, Ukraine, Sept 15 (Reuters) – Ukrainian President Volodymyr Zelenskiy said towns and villages recaptured from Russian forces had been devastated, while a major city struggled to … Read more

The EU seeks $140 billion to insulate consumers from the energy crisis

Russia has steadily cut gas supplies to Europe European governments fork out billions to help businesses EU’s von der Leyen says aid so far ‘will not be enough’ BRUSSELS/DUESSELDORF, Sept 14 (Reuters) – The European Union’s executive outlined plans on Wednesday to raise more than $140 billion from energy firms to help shield households and … Read more