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New Case of Mpox Variant Clade Ib Detected in England
Date: November 29, 2024
LONDON (Reuters) – Britain’s health security agency (UKHSA) said on Friday another case of the new mpox variant clade Ib has been detected in England, the fifth case confirmed in the country in recent weeks. The government agency said the risk to the population remained low. The clade Ib variant is a new form of...
BoE Finds Potential Vulnerabilities in Financial Market Plumbing
Date: November 29, 2024
By David Milliken LONDON (Reuters) – The Bank of England said on Friday that a stress test of central counterparties (CCPs)- businesses that form a key part of the plumbing of financial markets – did find some vulnerabilities but overall showed resilience. The stress test focused on the credit resilience of the clearing services provided...
Companies Bolster Currency Hedges After Trump Win as Tariffs Loom
Date: November 27, 2024
By Laura Matthews and Saqib Iqbal Ahmed NEW YORK (Reuters) – Multinational companies are beefing up their foreign exchange hedging strategies to guard their overseas earnings from larger currency swings that could come from a second Donald Trump presidency. Since the U.S. election three weeks ago, strategists and bankers said they are seeing more interest...
UK Regulators Propose More Relaxed Rules on Bankers’ Bonuses
Date: November 26, 2024
LONDON (Reuters) -British bankers should be able to spend their bonuses sooner, the Bank of England and Britain’s Financial Conduct Authority said on Tuesday, setting out plans to relax rules put in place after the global financial crisis. The BoE and FCA proposed that the most senior bankers should have their bonuses deferred by five...
Focused on Domestic Defence, Germany Works on Expanded Civilian Shelter Proposal
Date: November 25, 2024
BERLIN (Reuters) – Germany is currently working on a proposal to expand the number of shelters available for civilians by looking at public and private facilities that could be converted if necessary, according to the German interior ministry. Basements, underground car parks and subway stations could be converted into shelters, with a special app detailing...
UK Travel Disrupted as Storm Bert Fallout Continues
Date: November 25, 2024
LONDON (Reuters) – Britain’s roads and railways were hit by closures on Monday after Storm Bert battered the country over the weekend, causing widespread flooding and killing four people. There were more 200 flood warnings and flood alerts in place across England and Wales, while trains from London to the southwest were cancelled and rail...