By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar index on Friday posted its largest weekly percentage gain in a month, supported by the prospect of a more aggressive pace of Federal Reserve tightening to curb soaring inflation. The inde…
Will Smith banned from attending Oscars for 10 years after slap
By Lisa Richwine LOS ANGELES (Reuters) -Hollywood’s film academy on Friday banned Will Smith from attending the Oscars for 10 years after the best actor winner slapped presenter Chris Rock on stage at the Academy Awards ceremony 12 days ago. The board …
Russians bury dead soldiers as Kremlin admits major losses in Ukraine
VLADIKAVKAZ, Russia (Reuters) – Russian families buried relatives killed in Ukraine with automatic gun salutes and military brass bands on Friday, a day after the Kremlin admitted for the first time that it had lost significant numbers of troops. Russi…
Munich Re tightens up cyber insurance policies to exclude war
By Carolyn Cohn and Noor Zainab Hussain LONDON (Reuters) – Munich Re is planning new wordings in cyber insurance policies to exclude war, to avoid disputes over what is covered, the reinsurer’s top cyber underwriter told Reuters. Russia’s invasion of U…
Moldova parliament bans pro-Russian ribbon despite opposition walk-out
(Corrects conversion factor for Moldovan lei from that for Romanian lei) By Alexander Tanas (Reuters) -Moldova’s parliament voted on Thursday to outlaw the ribbon of St George, a black and orange military symbol of Russian patriotism, in response to Ru…
Condemning Bucha cruelty, EU offers speedy start for Ukraine membership
By Janis Laizans KYIV (Reuters) – European Commission chief Ursula von der Leyen said the civilian deaths in the Ukrainian town of Bucha showed the “cruel face” of Russia’s army and pledged to try to speed Ukraine’s bid to become a member of the Europe…
Factbox-What is Britain’s ‘non-dom’ tax status and who can claim it?
(Reuters) – British finance minister Rishi Sunak is facing criticism over his Indian wife Akshata Murthy’s “non-domiciled” tax status which means she does not pay tax in Britain on her earnings abroad. “Non-dom” status is controversial in Britain as it…
EU slashes 10% of Russian imports with new sweeping sanctions
By Francesco Guarascio (Reuters) -The European Union on Friday formally adopted new sweeping sanctions against Russia, including bans on the import of coal, wood, chemicals and other products which were estimated to slash at least 10% of total imports …
EU agrees to freeze assets of Sberbank boss, Putin’s daughters
BRUSSELS (Reuters) – The European Union has agreed to freeze the assets in the EU of the boss of Russia’s top lender Sberbank, Vladimir Putin’s two daughters and more oligarchs, according to a document published in the EU’s official journal on Friday. …
UK finance minister’s wife says she will pay more UK tax
LONDON (Reuters) – Akshata Murthy, the Indian multimillionaire wife of British finance minister Rishi Sunak, said on Friday that she will pay British tax on her overseas income, something she has legally avoided to date. “I understand and appreciate th…