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

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

Italy election set to crown Meloni head of most right-wing govt since WW2

Italy votes for new, slimmed-down parliament on Sept. 25 Nationalist Giorgia Meloni predicted to top the polls Pollsters say last-minute surprise not impossible Economic, diplomatic problems await next prime minister ROME, Sept 22 (Reuters) – Italy’s parliamentary election on Sunday could make history, giving the country its first female prime minister at the head of … Read more

Russia deepens Europe’s energy squeeze with new gas halt

Outage for maintenance on Nord Stream 1 pipeline No flows to Germany 0100 GMT, Aug. 31 – 0100 GMT, Sept. 3 European governments fear Moscow could extend the outage German regulator: we are saving gas, must keep doing so Siemens Energy: not involved in maintenance work FRANKFURT/LONDON, Aug 31 (Reuters) – Russia halted gas supplies … Read more

Europe braces as Nord Stream Russian gas link set to restart

Annual maintenance scheduled to end at 0600 CET on July 21 Differing signals about resumption Extension could disrupt gas storage refilling LONDON, July 21 (Reuters) – Europe is on edge about the restart of the Nord Stream 1 gas pipeline from Russia after annual maintenance is set to end on Thursday, with governments bracing for … Read more

Sweden, Finland on course to join NATO as Russia, China focus allies

Turkey wins security pledges from Finland, Sweden Russia to be called ‘main threat’ after invasion Ukraine ‘You will not win,’ Spain’s Sanchez tells Putin in speech NATO summit to agree more reinforcements for Baltics NATO to pay more attention to China’s military rise MADRID, June 29 (Reuters) – Sweden and Finland on Wednesday looked set … Read more

NATO to pledge aid to Baltics and Ukraine, urge Turkey to let in Nordics

NATO summit over three days in Madrid; Biden to attend Turkey’s veto over Sweden, Finland application a big issue NATO to agree new defenses for Baltic region Aid package to Ukraine aims for longer-term support MADRID, June 27 (Reuters) – NATO leaders will urge Turkish President Tayyip Erdogan to lift his veto over Finland and … Read more

Sanctions-hit Kremlin stages ‘Russian Davos’ bereft of elite, Putin speaks Friday

Flags with the St. Petersburg International Economic Forum (SPIEF) logo fly near the St. Isaac’s Cathedral in Saint Petersburg, Russia June 14, 2022. REUTERS/Maxim Shemetov Register now for FREE unlimited access to Reuters.com register International economic forum June 15-18 in St Petersburg No Western bigwigs at ‘Russian Davos’ due to sanctions Putin to give big … Read more

Black hole hunters cast gaze at center of the Milky Way galaxy

WASHINGTON, May 10 (Reuters) – Residing at the center of our spiral-shaped Milky Way galaxy is a beast – a supermassive black hole possessing 4 million times the mass of our sun and consuming any material including gas, dust and stars straying within its immense gravitational pull. Scientists have been using the Event Horizon Telescope … Read more

EU to push China at summit to not help Russia in Ukraine war

BRUSSELS/BEIJING, April 1 (Reuters) – EU and Chinese leaders meet for a first summit in two years on Friday with Brussels keen for assurances from Beijing that it will neither supply Russia with arms nor help Moscow circumvent Western sanctions imposed over the invasion of Ukraine. In uncommonly open language, EU officials close to the … Read more

Sanctions-savaged Russia teeters on brink of historic default

LONDON, March 16 (Reuters) – The economic cost of Russia’s assault on Ukraine was fully exposed on Wednesday as Vladimir Putin’s sanctions-ravaged government teetered on the brink of its first international debt default since the Bolshevik revolution. Moscow was due to pay $117 million in interest on two dollar-denominated sovereign bonds it had sold back … Read more