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Irish PM: UK must appoint new PM as quickly as possible
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Truss and UK market turmoil: What you need to know
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Instant View- British Prime Minister Liz Truss resigns after 44 days
Liz Truss resigns after six weeks as UK prime minister
Date: October 20, 2022
(Refiles as UPDATE 7, not 6, text unchanged) By Elizabeth Piper, Andrew MacAskill and Muvija M LONDON (Reuters) – Liz Truss said on Thursday she would resign as British prime minister, brought down just six weeks into the job by an economic programme that roiled financial markets, pushed up living costs for voters and enraged...
EU court adviser suggests Hutchison ruling reversal, in potential blow for telcos
Date: October 20, 2022
By Foo Yun Chee LUXEMBOURG (Reuters) -In a potential setback for the telecoms industry, an adviser to Europe’s top court said a ruling by a lower tribunal annulling an EU antitrust veto of CK Hutchison Holdings Ltd’s bid for O2 UK should be dismissed and the case should be re-heard again. Hutchison, owned by billionaire...
German online bank N26 to launch crypto trading in Austria
Date: October 20, 2022
FRANKFURT (Reuters) – German online bank N26 said on Thursday it would begin allowing some customers in Austria to trade cryptocurrencies, in its first foray into the asset class. N26 said it would expand the service to clients elsewhere in the coming months and eventually facilitate the trade of almost 200 cryptocurrencies. The Berlin-based bank...
Homeware retailer Dunelm keeps outlook steady amid strong sales of winter goods
Date: October 20, 2022
By Muhammed Husain (Reuters) -Dunelm stuck to its annual outlook on Thursday despite a dip in quarterly sales and a challenging backdrop, as struggling customers scoop up goods to help them prepare for painful energy prices as winter approaches. British shoppers are stocking up on electric blankets, candles and energy-efficient slow cookers as surging gas...
Swedish central bank says fiscal policy, wages important for path ahead
Date: October 20, 2022
STOCKHOLM (Reuters) – How much Sweden’s central bank has to raise rates depends in part on wage negotiations and fiscal policy responses to the current inflation crisis, Deputy Governor Per Jansson said in regular testimony to parliament’s finance committee on Thursday. “The best scenario would be if we can return inflation to the target with...
Hermes plans big price rises, says no sign of slowdown
Date: October 20, 2022
By Mimosa Spencer PARIS (Reuters) -Birkin bag maker Hermes flagged plans to hike prices by 5% to 10% in 2023 on rising costs and currency fluctuations, much more than in the past, after a sharp rise in sales over the third quarter with no signs of any slowdown yet. Echoing upbeat comments earlier this month...