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Macron allies divided over far-right role in new parliament
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UK food price inflation set to hit 20%, Citi forecasts
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Moderna to build new vaccine facility in Britain
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Fast grocery group Gorillas eyes collaborations in profitability push
UK’s Prince William thanks ‘Windrush’ generation as memorial unveiled
Date: June 22, 2022
LONDON (Reuters) – Britain’s royals on Wednesday paid tribute to the ‘Windrush generation’ at the unveiling of a statue to commemorate the arrival of post-war migrants from the Caribbean, as the government again apologised for their recent mistreatment. Exactly 74 years ago, the Empire Windrush ship arrived in London, bringing the first of hundreds of...
Explainer – Could Germany keep its nuclear plants running?
Date: June 22, 2022
FRANKFURT (Reuters) – Every domestic energy source, including nuclear power, is under consideration as Germany seeks to fuel its economy and ward off a recession considered likely if faltering Russian gas supplies stop completely. Former Chancellor Angela Merkel pledged to halt the use of nuclear power after the Fukushima nuclear disaster of 2011 and utility...
Credit Agricole sees profit topping 6 billion euros in 2025, growth in Italy
Date: June 22, 2022
By Matthieu Protard PARIS (Reuters) -French bank Credit Agricole is targeting a net profit of more than 6 billion euros ($6.3 billion) by 2025 and sees strong potential for its business in Italy, it said on Wednesday as it unveiled a new strategic plan. France’s second biggest listed lender, which last year made underlying net...
Switzerland imported Russian gold in May for first time since Ukraine attack
Date: June 22, 2022
LONDON (Reuters) – Switzerland imported gold from Russia in May for the first time since the Kremlin sent troops into Ukraine in February, Swiss customs data showed on Tuesday. Switzerland is the world’s biggest refining and transit centre for gold and Russia is one of the biggest bullion producers. Western sanctions on Russia have not...
Get cracking with phasing out remaining Libor, UK watchdog says
Date: June 22, 2022
By Huw Jones LONDON (Reuters) – The financial sector should not bet on remaining deadlines changing for the phasing out of the use of Libor interest rates, Britain’s Financial Conduct Authority (FCA) said on Wednesday. Helen Boyd, head of markets policy at the FCA, said the market had “categorically proven” it can ditch the London...
New ECB bond buys shouldn’t get in way of fighting inflation
Date: June 22, 2022
By Jesús Aguado and Emma Pinedo MADRID (Reuters) -The European Central Bank’s tool to combat rising government debt yields in some euro zone countries should not interfere with the bank’s aim to control inflation, ECB Vice-President Luis de Guindos said on Wednesday. “Fragmentation instruments should not interfere with the overall monetary policy approach, which should...