By Jonathan Stempel NEW YORK (Reuters) – A British man was sentenced on Monday to a 22-month prison term after admitting involvement in a global piracy ring that caused major losses for movie and TV production studios by distributing unreleased content…
After campaigner hits out, UK’s Asda puts value ranges in all stores
By James Davey LONDON (Reuters) – Asda will put its lowest price food ranges in all its stores, it said on Monday, after poverty campaigner Jack Monroe criticised British supermarkets for cutting back their budget ranges. With UK consumer price inflati…
Germany’s Scholz says there will be a very high price if Russia invades Ukraine
WASHINGTON (Reuters) – German Chancellor Olaf Scholz said on Monday there would be a very high price if Russia invades Ukraine, amid U.S. warnings that a Russian invasion could happen in days or weeks. Scholz was speaking to reporters before a meeting …
UK records 57,623 new COVID cases, 45 deaths
LONDON (Reuters) – Britain reported 57,623 new COVID-19 cases on Monday and 45 more deaths within 28 days of a positive test, official data showed. The figures compared to 54,095 cases and 75 deaths reported on Sunday. (Reporting by Michael Holden)
NATO mulls longer-term military posture in eastern Europe, Stoltenberg says
BRUSSELS (Reuters) -NATO is considering a longer-term military posture in eastern Europe to strengthen its defences, Secretary-General Jens Stoltenberg said on Monday, as tensions remained high over Russia’s military build-up near Ukraine. “We are cons…
No need for big ECB tightening as inflation to hold at target, Lagarde says
FRANKFURT (Reuters) -There is no need for big monetary policy tightening in the euro zone as inflation is set to fall back and could stabilize around 2%, European Central Bank President Christine Lagarde said on Monday. Pointing to mounting inflation r…
Italian bank Monte dei Paschi names restructuring expert as CEO
By Valentina Za and Giuseppe Fonte MILAN (Reuters) -State-owned Italian bank Monte dei Paschi di Siena (MPS) on Monday named turnaround expert Luigi Lovaglio as chief executive, with Rome seeking a new course for the lender after failing to offload it …
World equities wobble as bond yields rise after positive U.S. jobs data, earnings
(Corrects milestone date in paragraph 13 to January 2020 from December 2019) By Katanga Johnson WASHINGTON (Reuters) -Stock indexes around the globe traded mixed despite strong Amazon earnings and upbeat economic data on Friday, while gold prices slipp…
Norsk Hydro’s Slovak aluminium smelter cuts output to 60%
PRAGUE (Reuters) – Slovak aluminium smelter Slovalco, majority owned by Norsk Hydro, reduced its output further, to about 60%, due to high costs of power and emissions allowances and lack of government compensation, the company said on Monday. The redu…
UK in a first awards offshore wind power a contract to help stabilise grid
(Reuters) – Britain’s National Grid ESO has for the first time awarded a contract to an offshore wind farm to help keep voltage levels in the power network stable, it said on Monday. The transmission assets of the Dogger Bank C offshore wind farm will …