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Britain’s Ineos signs 20-year LNG deal with Sempra Infrastructure
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Britain’s markets watchdog fines insurance broker JLT Specialty $10 million
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JD Sports lays out plan to improve corporate governance
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EU must stick with Ukraine despite economic pain -European Commission
Sterling retreats as UK inflation hits new 40-year high
Date: June 22, 2022
By Danilo Masoni LONDON (Reuters) – The British pound pulled back on Wednesday after data showing UK consumer inflation hit a new 40-year high raised fresh worries over an economic slowdown, just as the Bank of England looks set for more interest rate hikes in the coming months. Soaring food prices pushed consumer inflation to...
BoE will ‘act forcefully’ to stem inflation, says Britain’s Sunak
Date: June 22, 2022
LONDON (Reuters) – The Bank of England will “act forcefully” to combat rising prices, British finance minister Rishi Sunak said on Wednesday, as data showed UK inflation had hit a new 40-year high of 9.1% in May. Sunak told reporters that Britain had “all the tools we need” to bring down inflation. “Firstly, the Bank...
Boeing expects supply chain problems to last through most of 2023
Date: June 22, 2022
DOHA (Reuters) -Boeing expects supply chain problems to persist almost until the end of 2023, led by labour shortages at mid-tier and smaller suppliers, partly due to the faster-than-expected return of demand, its chief executive said on Wednesday. Boeing said last month that production of its 737 aircraft had been slowed by shortages of a...
G20 president Indonesia seeks to ease crisis with Ukraine, Russia visits
Date: June 22, 2022
By Stanley Widianto JAKARTA (Reuters) -Indonesian President and G20 chairman Joko Widodo will meet leaders of Ukraine and Russia next week to advocate for peace and try to help ease a global food crisis, his foreign minister said on Wednesday, the first such trip by an Asian leader. The Ukraine war has overshadowed meetings of...
Stocks and oil tumble as recession fears mount
Date: June 22, 2022
By Marc Jones LONDON (Reuters) – World stock markets and oil prices hit the skids on Wednesday as the persistent palpitations about rising interest rates and recessions struck again, while the Japanese yen hit a fresh 24-year low against a seemingly unstoppable U.S. dollar. The enthusiasm that had given Wall Street its best day in...
UK watchdog proposes auditors publish quality indicators
Date: June 22, 2022
LONDON (Reuters) – Britain’s accounting watchdog proposed on Wednesday that auditors publish indicators of how well they are performing in a bid to raise standards after a string of corporate failures. The collapse of builder Carillion, retailer BHS and cafe chain Patisserie Valerie threw a spotlight on audit quality, prompting the government to propose a...