LONDON (Reuters) - British Prime Minister Boris Johnson will invest 3 billion pounds ($4.17 billion) in England's bus network, aiming to provide more frequent, cheaper services to encourage people to catch the bus instead of using the car. Under the shake-up of England's bus industry, the government said it will add hundreds...
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(Reuters) - Provident Financial (LON:PFG) on Monday outlined a 50 million pound plan to settle a surge in customer complaints and claims against its home credit business last year, warning the unit could collapse if the scheme is not approved. The company, which lends to people who do not meet the lending criteria of mainstream banks, said Britain's Financial Conduct...
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(Bloomberg) -- Treasury Secretary Janet Yellen said U.S. inflation risks remain subdued as the Biden administration pumps $1.9 trillion in pandemic relief into the economy and a return to full employment comes into view. “Is there a risk of inflation? I think there’s a small risk and I think it’s manageable,” Yellen said on ABC’s “This Week” on Sunday. Some prices that fell...
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(Bloomberg) -- The Bank of England’s main program to stimulate the economy is “not ideal in the long run,” an official overseeing threats to the banking system said. Alex Brazier, the U.K. central bank’s executive director of financial stability, identified the quantitative easing program as a potential risk. Under the measure, the bank buys...
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By Hideyuki Sano TOKYO (Reuters) - Global stock prices inched higher while U.S. bond yields hovered near a 13-month peak on Monday as investors bet U.S. economic growth will accelerate after the $1.9 trillion stimulus bill President Joe Biden signed into law last week. A rollout of COVID-19 vaccinations in the United States and some other countries stoked a bullish mood on...
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LONDON (Reuters) - Britain's cabinet office will set up a "second flagship HQ" in Glasgow as the government plans to move some of its operations to Scotland, ministers announced on Monday, at a time when support for Scottish independence is running high. Ties between Scotland and the rest of Britain have been badly strained by a much-criticised COVID-19 pandemic response and Brexit,...
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By Ritsuko Ando TOKYO (Reuters), - His social life severely curtailed by the coronavirus pandemic, Tadasu Masuda found himself embracing the opportunity to take what in Japan are known as "liver rest days" and try out a range of alcohol-free beer brands. They tasted much better than he expected, and while Masuda is...
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TOKYO (Reuters) - California Public Employees' Retirement System (CalPERS) and Norges Bank Investment Management (NBIM) voted in favour of a proposal by a top Toshiba Corp shareholder for an independent probe into the Japanese conglomerate, according to voting records. Singapore-based Effissimo, which is Toshiba's largest shareholder with a 9.9% stake, is calling for an independent investigation into allegations that shareholders were pressured...
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PARIS (Reuters) - The board of French food group Danone on Sunday voted to oust Emmanuel Faber as chairman, Le Figaro newspaper reported, as the group tries to draw a line under a management crisis and growing pressure from shareholders. Faber, who had recently said he would relinquish his role as CEO but stay on as chairman to try to appease critics,...
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(Reuters) - Bitcoin dropped 1.78% to $60,077.32 on Sunday, losing $1,087.87 from its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is down 2.8% from the year's high of $61,781.83 on March 13. ...
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