Britain bets all on historic tax cuts and borrowing, investors take fright

Register now for FREE unlimited access to Reuters.com Register Kwarteng cuts the top rate of income tax in a dash for growth Huge increase in UK government debt issuance planned Gilts suffer the biggest slump in decades Pound falls to a new 37-year low against the dollar LONDON, Sept 23 (Reuters) – Britain’s new finance … Read more

Central banks raise rates again as Fed drives global inflation fight

Rates raised from Britain to Indonesia after the Fed moved Investors price in bigger hikes from ECB Japan steps in as yen plummets Emerging market currencies under pressure FRANKFURT/WASHINGTON, Sept 22 (Reuters) – Global central banks continued raising interest rates on Thursday, following the US Federal Reserve in a fight against inflation that is sending … Read more

On the run, Lebanese woman who stole her own savings says she’s not the criminal

Sali Hafiz who held up Beirut bank decrees ‘country of mafias’ Hafiz on the run after taking savings for cancer treatment Growing number of depositors hold up Lebanese banks BEKAA VALLEY, LEBANON Sept 21 (Reuters) – On the run from authorities after forcing a bank to release her family savings at gunpoint to treat her … 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

Queen’s death shines spotlight on wrongs suffered by indigenous people

Indigenous Australian parliamentarian Lidia Thorpe raises her fist during her swearing-in ceremony in the Senate chamber at Parliament House in Canberra, Australia, August 1, 2022. AAP Image/Lukas Coch via REUTERS Register now for FREE unlimited access to Reuters.com Register SYDNEY/TORONTO, Sept 18 (Reuters) – When newly elected indigenous Australian parliamentarian Lidia Thorpe took her oath … Read more

Traffic, water shortages, now floods: the slow death of India’s tech hub?

Much of Bengaluru submerged in recent flooding Residents forced to wade through waist-deep water Disruptions raise questions about the city’s future as a tech hub Authorities vow to act, but extreme weather may complicate plans BENGALURU, Sept 15 (Reuters) – Harish Pullanoor spent his weekends in the late 1980s tramping around the marshes and ponds … 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