WASHINGTON (Reuters) – The head of the International Monetary Fund said it was “too early” to say if the world was facing a period of sustained inflation, but warned that failure to make economies more resilient to future shocks could lead to big probl…
UK PM Johnson’s chief of staff reigns, private secretary also going
LONDON (Reuters) – British Prime Minister Boris Johnson’s Chief of Staff Dan Rosenfield has resigned and his Principal Private Secretary is also standing down, his office said on Thursday. “Dan Rosenfield offered his resignation to the Prime Minister e…
Auto parts supplier Bosch to invest $146 million in Mexico
MEXICO CITY (Reuters) – Auto parts supplier Bosch is planning to invest $146 million to expand its plant in the central Mexican state of Queretaro, where it will install new high-tech production lines and open a 12,000-square-meter warehouse, it said o…
Cricket-England head coach Silverwood steps down after Ashes humiliation
(Reuters) -England head coach Chris Silverwood has stepped down following the team’s meek surrender in the Ashes series against Australia, the England and Wales Cricket Board (ECB) said on Thursday. Silverwood had come under pressure after England lost…
Investors shed global equities on BoE interest-rate hikes, glum Facebook status update
By Katanga Johnson WASHINGTON (Reuters) – Global stocks stumbled as the European Central Bank and the Bank of England soured investor sentiment around inflation on Thursday, while a downbeat status update from the firm formerly known as Facebook furthe…
UK says U.S. intelligence shows shocking evidence of Russian aggression
LONDON (Reuters) – U.S. intelligence about Russian plans to fabricate a pretext for an invasion of Ukraine show shocking evidence of Moscow’s aggression, British foreign minister Liz Truss said on Thursday. “This is clear and shocking evidence of Russi…
Stellantis, unions agree on over 700 voluntary redundancies this year -UILM
MILAN (Reuters) – Stellantis and unions have agreed to cut 714 jobs at the carmaker’s operations in Italy this year through voluntary redundancies, the UILM union said on Thursday. The deal is similar to one reached by the company in France earlier thi…
UK PM Johnson says he disagrees with criticism from aide who quit
LONDON (Reuters) -British Prime Minister Boris Johnson said he disagreed with the criticism levelled at him by one of his top aides who quit earlier on Thursday over remarks he had made about the leader of the main opposition party. During angry exchan…
Enel meets targets after earnings rise 6.7% boosted by fiber gain
MILAN (Reuters) -Enel’s core earnings rose 6.7% last year lifted by a one-off capital gain and stronger green energy business in North America and Brazil to beat expectations and meet guidance. In preliminary results, Europe’s biggest utility said its …
UK PM Johnson’s communications chief has resigned – Daily Mail
LONDON (Reuters) – British Prime Minister Boris Johnson’s director of communications has resigned, the Daily Mail newspaper’s political editor said on Thursday. “Jack Doyle has resigned as director of communications at No 10,” the Mail’s Jason Groves s…