Analysis: Underwater: How the Bank of England has delivered a lifeblood to the markets

Bank of England bought bonds after pension fund pleas Some UK pension funds have faced problematic margin calls BoE support is seen as giving an opportunity to build collateral The British government’s unfunded tax plan scared the markets LONDON/NEW YORK (Reuters) – Calls from the Bank of England began on Monday saying some British pension … Read more

Kwarteng defies “orthodoxy” after defeating the UK market

Weeks on the job, UK finance minister under fire for tax cuts Truss stands by a key ally but some question his future Kwarteng sacked a key official, and went without financial expectations LONDON (Reuters) – As Britain’s new chancellor to the exchequer, Kwasi Quarting hoped to undo the collective thinking in the Treasury that … Read more

EXCLUSIVE: Brands post ads on Twitter next to child pornography accounts

Sept 28 (Reuters) – Some major advertisers including Dyson, Mazda, Forbes and PBS Kids have halted their marketing campaigns or removed their ads from parts of Twitter because their promotions appeared alongside tweets urging child pornography, the companies told Reuters. Brands ranging from The Walt Disney Company (DIS.N)NBCUniversal (CMCSA.O) The Coca-Cola Company (KO.N) Children’s Hospital … Read more

Gas leakage from Russia’s Nord Stream 2 pipeline to the Baltic Sea

Register now to get free unlimited access to Reuters.com Register BERLIN (Reuters) – Danish authorities on Monday told ships to stay away from a five-nautical-mile radius off the island of Bornholm after a gas leak overnight from the Russian-owned Nord Stream 2 pipeline in the Baltic Sea. The German government said it was in contact … Read more

Japan intervenes in the foreign exchange market to stop the yen’s decline after the Bank of Japan kept rates very low

Bank of Japan maintains very low rates, pessimistic policy guidance A Japanese foreign exchange diplomat said he had taken “decisive” action. Confirmation of intervention pushes the dollar to slide more than 2% Analysts doubt Tokyo’s ability to continue supporting the yen Bank of Canada says it didn’t help the Bank of Japan TOKYO (Reuters) – … Read more

Strong earthquake hits Mexico on fateful anniversary, killing at least two

MEXICO CITY (Reuters) – A 7.6-magnitude earthquake struck western Mexico on Monday on the anniversary of two devastating earthquakes, killing at least two people, damaging buildings, disrupting electricity and sending Mexico City residents out for safety. Authorities said two people died in the Pacific port of Manzanillo, one of whom crashed into a department store … Read more

King Charles visits Wales, mile-long queue to see the Queen lying in state paused

King Charles visits Wales, last stop of his UK tour The King and his brothers stand awake on Friday night Police conduct a massive security operation before the funeral LONDON (Reuters) – As tens of thousands of people flocked to London ahead of Queen Elizabeth’s state funeral on Monday, the miles-long queue of mourners waiting … Read more

Traffic, water shortages and now floods: the slow death of India’s tech hub?

A large part of Bengaluru has been submerged in recent floods Forced residents to wade into deep water The unrest raises questions about the city’s future as a technology hub Authorities have vowed to act, but severe weather may complicate plans BENGALURU (Reuters) – Harish Polanor spent weekends in the late 1980s wandering the swamps … Read more

Ukrainian Zelensky sees damage in restored towns; Russia hits the city’s water network

Ukraine says Russian missiles attack Kryvyi Rih water system Zelenskiy made a surprise visit to Izium, raising the Ukrainian flag The Russian and Chinese navies conduct joint patrols in the Pacific Ocean IZYUM, Ukraine (Reuters) – Towns and villages retaken from Russian forces have been devastated, Ukrainian President Volodymyr Zelensky said, while a major city … Read more

The Northeast US faces potential power shortages as rails begin to close

Unused oil tanker cars appear on the New York West Pennsylvania Railroad outside Hinsdale, New York, August 24, 2015. Photo taken August 24, 2015. REUTERS/Lindsay Dedario/File Photo Register now to get free unlimited access to Reuters.com Register NEW YORK (Reuters) – Some trains carrying fuel components to the northeastern United States have been halted in … Read more