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UK wage growth weak but likely to keep BoE on track for rate hike

Wed, 18 Oct 2017 10:17:16 +0100

LONDON (Reuters) - British pay growth has lagged behind inflation again, official data showed on Wednesday, but the figures are likely to cement expectations among investors that the Bank of England will soon raise interest rates for the first time in a decade.(image)

UK government might delay Brexit bill until after Nov. 13 - BBC

Wed, 18 Oct 2017 12:12:08 +0100

LONDON (Reuters) - Britain's government might not submit legislation to sever political, financial and legal ties with the European Union until next month, the BBC's political editor reported.(image)

MPs to vent anger at May's fragile government over welfare reform

Wed, 18 Oct 2017 12:03:02 +0100

LONDON (Reuters) - Members of parliament from Britain's ruling Conservative Party planned to vent their anger on Wednesday against Prime Minister Theresa May's pursuit of welfare reforms, deepening doubts about her authority over a party divided by Brexit.(image)

Britain says chances of resolving Northern Ireland impasse 'not positive'

Wed, 18 Oct 2017 09:58:17 +0100

LONDON (Reuters) - The chances of Northern Ireland's political parties restoring a power-sharing agreement in Northern Ireland are "not positive" and talks in the last few days have stalled, Britain's minister for the region said on Wednesday.(image)

BP eyes smaller renewable investments to avoid repeating losses

Wed, 18 Oct 2017 12:18:58 +0100

LONDON (Reuters) - BP is focussing on smaller investments in renewable energy to avoid large losses in the sector like those it suffered earlier in the decade, Chief Executive Bob Dudley said on Wednesday.(image)

May to pitch on Brexit at EU summit dinner

Wed, 18 Oct 2017 07:43:21 +0100

LUXEMBOURG/BRUSSELS (Reuters) - Theresa May will make a pitch to fellow EU leaders in Brussels on Thursday as she tries to break a deadlock in Brexit talks that has left Britain's future trading position up in the air.(image)

Budget airline Wizz Air applies for UK licence ahead of Brexit

Wed, 18 Oct 2017 12:20:25 +0100

LONDON (Reuters) - Budget airline Wizz Air has become the latest European carrier to move to shore up its post-Brexit flying rights by applying for a licence in Britain ahead of the country's departure from the European Union.(image)

China's Xi lays out vision for 'new era' led by 'still stronger' Communist Party

Wed, 18 Oct 2017 12:07:01 +0100

BEIJING (Reuters) - Chinese President Xi Jinping on Wednesday laid out a confident vision for a more prosperous nation and its role in the world, stressing the importance of wiping out corruption and curbing industrial overcapacity, income inequality and pollution.(image)

Weakened Merkel warns of compromise as talks on coalition start

Wed, 18 Oct 2017 11:22:05 +0100

BERLIN (Reuters) - A chastened Angela Merkel warned her conservatives they must compromise to forge a nationally untested alliance in Germany as she heads into talks with other parties on Wednesday after suffering losses in last month's election.(image)

Billionaire Branson targeted in $5 million scam 'straight out of le Carre'

Wed, 18 Oct 2017 11:49:38 +0100

LONDON (Reuters) - Richard Branson, billionaire founder of the Virgin group, has revealed he was targeted by a fraudster posing as Britain's defence minister who tried to get him to contribute $5 million (3.8 million pounds) to a supposed secret ransom payment.(image)