Britain’s new leader Liz Truss finalizes huge electricity subsidy plan

Join now for FREE unlimited access to Reuters.com Register Truss will announce an energy support plan on Thursday The new Prime Minister rules out the exceptional tax on electricity companies Pound falls to lowest since 1985 against US dollar Kwarteng says borrowing will be higher BoE says support for energy could help calm inflation LONDON, … Read more

Power cut after explosions near Ukrainian nuclear power plant, IAEA report expected

Russia and Ukraine accuse each other of bombing a factory The nuclear power plant has been worrying for weeks The UN watchdog will issue a report on this later on Tuesday. Ukraine says Russia is bombing Kharkiv and the city of Zelenskiy KYIV, September 6 (Reuters) – Explosions erupted and power was cut off on … Read more

New bombings spark nuclear fears as Kyiv and Moscow await UN report

Zaporizhzhia power plant cut off from grid but operating safely – IAEA Zelenskiy warns of near nuclear ‘catastrophe’ day before report Kyiv cites battlefield gains, including city of Kherson province European markets hit hard by closure of Russian gas pipeline KYIV, Sept 5 (Reuters) – Power to a critical nuclear power plant in Ukraine was … Read more

Asian stocks stagnate as investors await more rate action

People walk past an electronic screen showing Japan’s Nikkei stock price index at a conference room in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato/File Photo Join now for FREE unlimited access to Reuters.com Register HONG KONG, Sept 6 (Reuters) – Asian stocks largely wiped out early morning gains on Tuesday afternoon as investors remained cautious … Read more

Britain’s new PM faces an 1980s reading list: recession, unrest and runaway prices

UK inflation higher than all major economies Truss the favorite to become the next Prime Minister The town of Runcorn shows the scale of the challenge RUNCORN, England, September 2 (Reuters) – Britain’s Prime Minister-in-Waiting Liz Truss is taking inspiration from Margaret Thatcher, judging by her photo ops echoing famous images of the country’s first … Read more

EU divided over visa bans for Russian tourists

PRAGUE, Aug 30 (Reuters) – Germany and France have issued a joint warning against banning tourist visas for Russians, saying such a move, advocated by other European Union member states, will would be counterproductive. The split over tourist visas will be the focus of a meeting of the bloc’s foreign ministers in Prague on Tuesday … Read more

Lower gasoline prices are dampening consumer spending in the United States; monthly inflation slows down sharply

Consumer spending increases by 0.1% in July The decline in gas stations explains the slight increase The Core PCE price index edged up 0.1%; up 4.6 year-over-year WASHINGTON, Aug 26 (Reuters) – U.S. consumer spending barely rose in July as falling gasoline prices hurt sales at gas stations, but monthly inflation slowed sharply, which could … Read more

Japan signals return to nuclear power to stabilize energy supply

Japanese Prime Minister Fumio Kishida delivers a speech at his official residence in Tokyo, Japan July 14, 2022. Xinhua/Zhang Xiaoyu/Pool via REUTERS/File Photo Join now for FREE unlimited access to Reuters.com Register TOKYO, Aug 24 (Reuters) – Japan will restart more idle nuclear power plants and consider developing next-generation reactors, Prime Minister Fumio Kishida said … Read more

Japan weighs in on easing border rules over COVID -media

A passenger wearing a protective mask walks past an arrival gate at Narita International Airport on the first day of border closures to prevent the spread of the novel coronavirus variant Omicron amid the disease pandemic coronavirus disease (COVID-19) in Narita, east of Tokyo, Japan November 30, 2021. REUTERS/Kim Kyung-Hoon Join now for FREE unlimited … Read more

Supporters of ex-Pakistani PM Khan vow to block his arrest on terrorism charges

ISLAMABAD, Aug 22 (Reuters) – Supporters of former Pakistani Prime Minister Imran Khan gathered outside his home on Monday to prevent police from arresting him on terror charges linked to a weekend televised speech. Police filed charges against former cricket star Khan on Saturday over what they said was a threat in the speech in … Read more