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Philips subsidiary to pay over $24 million for alleged false claims for medical equipment
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Gorbachev died shocked and bewildered by Ukraine conflict – interpreter
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Sterling slides below $1.15 for first time since 2020
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EU regulator backs two Omicron-adapted COVID boosters
High inflation is bad for UK productivity – BoE’s Mann
Date: September 2, 2022
LONDON (Reuters) – Britain’s very high inflation risks distracting businesses from the longer-term decisions needed to boost ailing productivity, Bank of England policymaker Catherine Mann said in a podcast released on Thursday. Mann repeatedly called for half-point increases in the BoE’s main interest rate before a majority of the Monetary Policy Committee backed one last...
Euro zone economy faces growing risk of recession, survey shows
Date: September 2, 2022
By Jonathan Cable LONDON (Reuters) – Manufacturing activity across the euro zone declined again last month as consumers feeling the pinch from a deepening cost of living crisis cut spending, a survey showed on Thursday, providing more evidence of the growing risk of recession. The downbeat survey comes just a week before the European Central...
New U.S. rules on EV subsidies slam Hyundai, Kia’s dreams
Date: September 2, 2022
By Heekyong Yang and Ben Klayman SEOUL/DETROIT (Reuters) -After grabbing the No. 2 spot in the U.S. electric vehicle market with stylish, long-range models, Hyundai Motor and Kia are the automakers with the most to lose from new rules that halt subsidies for EVs made outside North America. These two companies, which make the popular...
First year of N.Ireland protocol required 1 million customs declarations
Date: September 2, 2022
DUBLIN (Reuters) – Over 10,000 firms completed one million customs declarations to move goods from Britain into Northern Ireland in 2021, the first year of operation of post-Brexit checks that London is now seeking to scrap. Under the Northern Ireland protocol, part of Britain’s withdrawal agreement from the European Union, Northern Ireland effectively remained in...
Kosovo pushes ahead with car licensing rule resisted by Serbs
Date: September 2, 2022
JARINJE, Kosovo (Reuters) -Dozens of U.S. NATO peacekeepers patrolled northern Kosovo on Thursday to preserve calm after Pristina announced that around 50,000 ethnic Serbs in the region would have to switch their car license plates to local ones within two months. Kosovo, which is predominantly ethnic Albanian, has sought to compel Serbs to accept Pristina’s...
Tennis-Williams retirement on hold after win over world number two
Date: September 1, 2022
By Steve Keating NEW YORK (Reuters) -Playing more like a world number one than a player ranked outside the top 600, Serena Williams turned back the clock on Wednesday to stun world number two Anett Kontaveit 7-6(4) 2-6 6-2 and move into the third round of the U.S. Open, putting her retirement plans on pause....