Browse Events

Tesco clothing brand plans international expansion
LONDON (Reuters) - The clothing brand sold by Britain's biggest retailer Tesco said on Sunday it planned to open more than 50 new franchise stores worldwide over the next five years.

Greece to sell Postbank, Proton in July, stress-test big banks
ATHENS (Reuters) - Greece's bank rescue fund will aim to sell Hellenic Postbank and Proton by mid-July with big banks continuing to absorb small lenders as part of plans to revive the battered sector, the country's foreign lenders said in an inspection review.

Tunisian police clash with Islamists over banned rally
KAIROUAN, Tunisia (Reuters) - Supporters of the hardline Islamist group Ansar al-Sharia clashed with Tunisian police on Sunday after the government banned its annual rally, saying it posed a threat to society.

Cameron 'losing control' as rift with party core widens
LONDON (Reuters) - British Prime Minister David Cameron is "losing control of his party", Conservative Party grandee Geoffrey Howe said on Sunday, as a row raged over whether a close aide to Cameron had labeled grassroots activists "mad, swivel-eyed loons".

Job market gains could lead Fed to taper QE3 early
(Reuters) - The beginning of the end of the Federal Reserve's massive bond-buying program might come sooner than many investors think if recent gains in the U.S. labor market do not prove fleeting.

Bank of England's King sends message to successor Carney
LONDON (Reuters) - Bank of England Governor Mervyn King has urged successor Mark Carney not to bring to Britain his trademark policy of spelling out how long interest rates will remain low.

Egyptian police block Israel border crossing in fury at kidnapping: sources
CAIRO (Reuters) - Egyptian police enraged by the kidnapping of seven of their colleagues by Islamist gunmen in the Sinai Peninsula blocked a commercial border crossing with Israel on Sunday, security sources said.

Tunisian police fire in air to disperse Islamists
TUNIS (Reuters) - Tunisian police fired teargas and shots into the air in Tunis on Sunday to disperse some 500 supporters of the hardline Islamist group Ansar al-Sharia who were protesting and throwing stones at police after their rally was banned.

Exclusive: South Africa's NUM seeks 15-60 percent wage hikes from gold, coal producers
JOHANNESBURG (Reuters) - South Africa's National Union of Mineworkers said on Sunday it would seek pay hikes of up to 60 percent from the country's gold and coal producers in upcoming wage talks which are expected to be among the toughest ever.

France in talks with U.S., Israel to buy drones: minister
PARIS (Reuters) - France is in talks with the United States and Israel to buy intelligence-gathering drones to build up a modern fleet, Defence Minister Jean-Yves Le Drian said on Sunday.

Bankia compensation qualms signal loss of faith in Spain's banks
MADRID (Reuters) - Many duped savers at Spanish lender Bankia are shunning a state-supervised compensation scheme in favor of expensive lawsuits, prolonging a mis-selling scandal and complicating efforts to restore faith in the banking system.

North Korea fires short-range missiles for two days in a row
SEOUL (Reuters) - North Korea fired a short-range missile from its east coast on Sunday, a day after launching three of these missiles, a South Korean news agency said, ignoring calls for restraint from Western powers.

Netanyahu takes aim at weapons 'leakage' in Syria
JERUSALEM (Reuters) - Prime Minister Benjamin Netanyahu held out the prospect on Sunday of further Israeli strikes inside Syria, pledging to act to prevent advanced weapons from reaching Hezbollah and other militant groups.

U.N. chief Ban says worried over North Korea missile launch
MOSCOW (Reuters) - U.N. Secretary General Ban Ki-moon voiced concern on Sunday over North Korea's launch of short-range missiles, urging Pyonyang to refrain from further launches and return to stalled nuclear talks with world powers.

Indian cinema on a mission at Cannes to dispel Bollywood image
CANNES (Reuters) - Indian movie actors and a new wave of directors are on a mission at the Cannes film festival - to show that their industry, which turns 100 this year, is more than just Bollywood.

Afghanistan's Karzai seeks Indian military aid amid tensions with Pakistan
KABUL (Reuters) - Afghan President Hamid Karzai plans to discuss potential arms deals with Indian officials during a trip to New Delhi this week, officials said, at a time when tensions are running high on Afghanistan's disputed border with Pakistan.

BoE governor King warns of euro risk to British recovery
LONDON (Reuters) - The single biggest risk to Britain's nascent economic recovery is continued eurozone weakness, the Bank of England's outgoing governor Mervyn King said in a television interview on Sunday.

Independent Scotland open to Cyprus-style bank risks, says Britain
LONDON (Reuters) - An independent Scotland would have a vastly oversized financial sector that would leave it vulnerable to a Cyprus-style banking crisis, Britain's finance ministry says.

Iran hangs two spies working for Israel and U.S.: report
DUBAI (Reuters) - Iranian authorities executed two men on Sunday convicted of working for Israeli and U.S. spy agencies, Iran's Fars news agency reported.

Kuwait replaces oil officials at KPC after $2.2 billion Dow payment
KUWAIT (Reuters) - State-run Kuwait Petroleum Company (KPC) appointed a new chief executive and suspended other top officials after the country paid $2.2 billion in damages to Dow Chemical Co over a scrapped plastics joint venture.