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The meeting, then the mob. A ‘turning point’ in Sri Lankan crisis
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UK’s National Grid wins approval for 200 million stg early payment to consumers
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European power cable groups face UK class action over cartel
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After Philippines election triumph, Marcos visits dictator father’s grave
UK consumer despair suggests government mishandling inflationary crunch
Date: May 11, 2022
By Andy Bruce LONDON (Reuters) – The tide of pessimism sweeping through Britain’s households is unmatched elsewhere among Europe’s major economies and suggests the government may have misjudged its response to an escalating cost-of-living crunch. Finance minister Rishi Sunak has so far resisted calls to extend support measures for households, saying he will look at...
Norway to ramp up offshore wind in drive to go green
Date: May 11, 2022
By Nora Buli OSLO (Reuters) – Norway unveiled plans on Wednesday for a major expansion in offshore wind energy by 2040, aiming to turn a country that has built its wealth on oil and gas into an exporter of renewable electricity. The centre-left government, which has come under fire from environmentalists for continuing to support...
S.Korea’s Yoon faces early challenge amid hints of N.Korea nuclear test
Date: May 11, 2022
By Hyonhee Shin SEOUL (Reuters) -South Korean President Yoon Suk-yeol’s plans to offer economic aid in return for denuclearisation could face an early challenge amid signs of an imminent North Korean nuclear test – and such proposals have been rebuffed before, analysts say. Yoon has warned of a “tense” security environment, citing the possible nuclear...
German inflation to come in close to 7% this year, Bundesbank says
Date: May 11, 2022
FRANKFURT (Reuters) – Inflation in Germany will come in close to 7% this year, Bundesbank President Joachim Nagel said on Wednesday as he repeated his call for the European Central Bank to raise its main interest rate in July. “The Bundesbank is now expecting the inflation rate in Germany to reach close to 7% in...
Retailer Ahold lifts earnings forecast after Q1 beat
Date: May 11, 2022
By Anthony Deutsch AMSTERDAM (Reuters) – Supermarket group Ahold Delhaize raised its full-year earnings forecast on Wednesday after reporting a smaller than expected fall in first-quarter core income as people started to eat out more following the easing of COVID restrictions. The Dutch-Belgian retailer, which makes most of its sales in the United States, said...
ECB could outline rate hike plan for coming months in June – Müller
Date: May 11, 2022
By Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank should raise interest rates from record lows in July but could already outline its rate expectations for the coming months at its June 9 meeting, ECB policymaker Madis Müller said. With euro zone inflation at a record high 7.5%, nearly four times the ECB’s target,...