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Russia halts gas to Poland, Bulgaria, taking aim at European economies
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Brexit has added 6% to Britain’s food bills, researchers say
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Euro hits 5-year low after Russia halts gas; stocks stage small rebound
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Russian internet group Yandex reports $110 million net loss in Q1
Dutch celebrate first King’s Day holiday without COVID curbs since 2019
Date: April 27, 2022
By Toby Sterling and Piroschka van de Wouw MAASTRICHT (Reuters) – The city streets around the Netherlands streamed with festival-goers wearing orange on Wednesday in celebration of the national holiday King’s Day in traditional fashion — with music and open-air markets — for the first time since 2019, without COVID-19 restrictions. King Willem-Alexander, who turns...
BoE set to walk the line between inflation and recession
Date: April 27, 2022
By William Schomberg LONDON (Reuters) – The Bank of England next week will try to walk what Governor Andrew Bailey calls a “very tight line” between tackling inflation speeding way above the BoE’s target and not triggering a recession. The BoE is expected to raise interest rates at a fourth meeting in a row on...
UK retail sales slump as inflation rises, spending shifts – CBI
Date: April 27, 2022
By David Milliken LONDON (Reuters) – British retail sales slumped in April with the first year-on-year fall in volumes in 13 months, reflecting a cost-of-living squeeze and changed spending patterns, figures from the Confederation of British Industry showed on Wednesday. The CBI’s headline retail sales balance fell to -35 in April from +9 in March,...
Sterling edges up from 21-month low vs dollar
Date: April 27, 2022
(Reuters) -Sterling edged up from a new 21-month low against the dollar hit earlier on Wednesday after Britain’s weak economic outlook and higher than expected government borrowing dented the Bank of England’s (BoE) monetary tightening narrative. Money markets have been scaling back bets on the size of BoE rate hikes, pricing in 144 basis points...
Crypto firms seek clearer U.S. rules on their interest-bearing products
Date: April 27, 2022
By Hannah Lang (Reuters) – Cryptocurrency companies said they remain unsure of U.S. regulations governing products that allow customers to earn interest on holdings instead of trading them, months after such an interest-bearing product drew a $100 million fine from a federal regulator and state governments. In February, New Jersey crypto company BlockFi agreed to...
Russian forces pummel Ukrainian fighters holed up in Mariupol steel plant – mayoral aide
Date: April 27, 2022
(Reuters) – Russian forces were on Wednesday pounding a huge steel works in Mariupol where the southern Ukrainian city’s last defenders and some civilians are holed up, a local official said. Petro Andryushchenko, an aide to the city mayor, said there had been no let-up in air strikes on the Azovstal plant despite Russian President...