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Bulgarian government faces no-confidence vote and political turmoil
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Russian rouble firms to 7-year high past 53 vs dollar in Moscow trade
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MarketAxess, Tradeweb and Bloomberg plan joint EU bond price feed
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Britain must do more to help poor with cost of living crisis, Asda chairman says
COVID-19 vaccine scheme for world’s poorest pushes for delivery slowdown
Date: June 22, 2022
By Jennifer Rigby and Francesco Guarascio LONDON (Reuters) – Leaders of the global scheme aiming to get COVID-19 vaccines to the world’s poorest are pushing manufacturers including Pfizer and Moderna to cut or slow deliveries of about half a billion shots so doses are not wasted. COVAX, the World Health Organization-led scheme, wants between 400...
UK inflation hits 40-year record, highest in G7
Date: June 22, 2022
By Andy Bruce and David Milliken LONDON (Reuters) – Soaring food prices pushed British consumer price inflation to a 40-year high of 9.1% last month, the highest rate out of the Group of Seven countries and underlining the severity of the cost-of-living crunch. The reading, up from 9.0% in April, matched the consensus of a...
UK to bring in new Bill of Rights after migrant deportation defeat
Date: June 22, 2022
LONDON (Reuters) – Britain will begin legislating on Wednesday for a new Bill of Rights to give the government the power to ignore rulings from the European Court of Human Rights (ECHR), which last week blocked ministers’ plans to send migrants to Rwanda. Last Tuesday, the ECHR issued last minute injunctions to prevent a handful...
Marketmind: Inflation psychology
Date: June 22, 2022
A look at the day ahead in markets from Sujata Rao. Rail strikes, the biggest in three decades, are thinning out office districts across Britain this week. Other professional groups, from barristers to postmen, also plan to hit the barricades in coming weeks to demand more pay. Data on Wednesday shows why. Annual consumer inflation...
Brexit will cost UK workers 470 pounds a year, study predicts
Date: June 22, 2022
By David Milliken LONDON (Reuters) – Britain is becoming a more closed economy due to Brexit, with damaging long-term implications for productivity and wages which will leave the average worker 470 pounds ($577) a year poorer by the end of the decade, a study forecast on Wednesday. The report was written by London School of...
Analysis-Italy’s “drugged” construction boom hits a wall
Date: June 22, 2022
By Gavin Jones ROME (Reuters) – Innovative incentives for people to green up their homes revived Italy’s construction sector last year, boosted its economy and drew international praise. A few months on it is close to ending in tears. The complex system of tradeable tax credits that supercharged the sector has ground to a halt,...