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Britain bets on historic tax cuts and borrowing, investors fear

Kwarteng cuts top income tax rate in a rush of growth Huge increase in planned British government bond issuance Thrombosis suffers its biggest recession in decades Sterling fell to a new 37-year low against the dollar LONDON (Reuters) – Britain’s new chancellor Kwasi Quarting unleashed historic tax cuts and massive borrowing increases on Friday in … Read more

IsDB directors unanimously recommend firing Claver-Carone after ethics investigation

Visitors walk past a screen bearing the Banco Interamericano de Desarrollo (BID) logo at the Atlapa Convention Center in Panama City on March 13, 2013. REUTERS/Carlos Gasso Register now to get free unlimited access to Reuters.com Register WASHINGTON (Reuters) – The Board of Directors of the Inter-American Development Bank voted unanimously on Thursday to recommend … Read more

At first, the EU moves to cut off Hungarian funding due to damage to democracy

Register now to get free unlimited access to Reuters.com Register EU executive proposes taking 7.5 billion euros from Hungary He says the treatments proposed by Hungary can work if they are done well 27 EU countries have three months to decide, no veto EU tests new democratic sanctions for the first time Hungary pledges to … Read more

Traffic, water shortages and now floods: the slow death of India’s tech hub?

A large part of Bengaluru has been submerged in recent floods Forced residents to wade into deep water The unrest raises questions about the city’s future as a technology hub Authorities have vowed to act, but severe weather may complicate plans BENGALURU (Reuters) – Harish Polanor spent weekends in the late 1980s wandering the swamps … Read more

Ukraine’s leader looks at a devastated town on the frontline as Russian troops dig in

Ukraine is now under attack in both the south and east It faces Russian resistance on both fronts Zelensky visits the liberated city Biden says the war looks long-term despite Kyiv’s success White House says new US military aid to Ukraine likely IZUM, Ukraine, Sept 14 (Reuters) – Ukraine said it was trying to extend … Read more

Rents and food push up US consumer prices

Register now to get free unlimited access to Reuters.com Register CPI rose 0.1% in August Rents, food and health care are responsible for the increase in the consumer price index Core CPI rises 0.6%; Increases 6.3% YoY WASHINGTON (Reuters) – U.S. consumer prices unexpectedly rose in August and core inflation rebounded amid rising rents and … Read more

Ukraine and Russia: What you need to know now

Firefighters work at the site of a thermal power plant damaged by a Russian missile strike, amid Russia’s attack on Ukraine, in Kharkiv, Ukraine September 11, 2022. Ukraine State Emergency Service Press Service / Posted via Reuters Register now to get free unlimited access to Reuters.com Register (Reuters) – Ukrainian forces moved deeper into territory … Read more

Queen Elizabeth’s sarcophagus travels through Scotland, mourners line the streets

The Queen’s sarcophagus leaves Balmoral Castle where she died The coffin will be taken to Edinburgh, the line of crowds The funeral will be held on September 19 Edinburgh, Scotland (Reuters) – Queen Elizabeth’s coffin was carried from her summer home in the Scottish Highlands to Edinburgh on Sunday after tens of thousands of mourners … Read more

King Charles declared king, the Queen’s funeral on September 19

Charles is officially declared king The Queen’s funeral set for September 19 “We thought she was invincible” – William Queen Elizabeth, 96, died on Thursday LONDON (Reuters) – The state funeral for Queen Elizabeth will take place on Monday, September 19, royal officials said on Saturday, after her son Charles was formally proclaimed Britain’s new … Read more

Russian TV recognized Kiev’s “big victory” after Ukraine’s breakthrough

Zelensky says the troops have retaken towns and villages Blinken visits Kyiv with new US aid package Kyiv (Reuters) – Russian state television broadcast an interview on Friday in which it acknowledged Kyiv had scored a “big victory” after Ukrainian forces stormed the front line in a lightning advance. The Ukrainian breach near Kharkiv was … Read more