Europe News London

  • LIVERPOOL, England, Sept 27- With the re-election of Jeremy Corbyn as leader unlikely to heal deep rifts in Britain's Labour, the only significant opposition that Prime Minister Theresa May looks likely to face as she plots Britain's divorce from the EU is from her own party. For May, who campaigned quietly for Britain to stay in the European Union before the June...

  • *Differences remain between Saudis and Iran. The energy ministers of Saudi Arabia and Russia were to give a joint briefing later in the day in Algiers where OPEC and other oil producers were holding informal talks on the sidelines of the Sept 26-28 International Energy Forum. "We will consult with everyone else, we will hear the views, we will hear the secretariat...

  • LONDON, Sept 27- Renewable energy will not be cost competitive with fossil fuels until 2050, Glencore said on Tuesday, much later than energy organisations forecast and supporting the mining and trading giant's case for continued investment in coal. Glencore Chairman Tony Hayward told a conference in London on Tuesday that, like oil companies, the group would...

  • NEW YORK, Sept 27- The U.S. dollar rose against the euro on Tuesday after concerns surrounding Deutsche Bank caused general unease over Europe's banking sector, while the Mexican peso rallied on short-covering after first U.S. presidential debate. "Some of the concerns over the European banking system have caught fire or have come into focus more recently," said...

  • *Oil prices recede on uncertainty over OPEC output talk. NEW YORK, Sept 27- U.S. stock prices rose on Tuesday following the presidential debate between Hillary Clinton and Donald Trump, but losses in the oil market and anxiety about the fortune of Deutsche Bank limited Wall Street's advance. Deutsche Bank is one of those banks, "said Kevin Giddis, head of fixed income...

  • *Greek ship owners leaving London over expected non-dom changes. LONDON, Sept 27- The crisis in global shipping and a tax exodus by big Greek vessel owners have helped finally seal the fate of London's Baltic Exchange after at least three approaches to buy it over the last six years of its near-three centuries history. "For Baltic shareholders it does release...

  • LONDON, Sept 27- Spain's Telefonica is looking to list about 30 percent of its British mobile unit O2 in what would be one of the biggest initial public offerings on the London market this year, sources told Reuters. Europe's biggest telecom group wants to use the relative market calm after the turmoil caused by June's Brexit vote to cut its stake in Britain's...

  • PARIS, Sept 27- Paris Fashion Week displayed colourful and tropical-inspired creations from Paule Ka and layered printed and patterned looks by Dutch designer Liselore Frowijn as it opened on Tuesday. Several designers will make their debuts for some of the world's top luxury labels in Paris, which is the final leg of the womenswear spring/summer 2017...

  • LONDON— The owner of Britain's Alton Towers amusement park has been fined 5 million pounds for a roller coaster crash that left five people seriously injured. Merlin Entertainments Group, which owns the park 150 miles north of London, admitted breaches of health and safety rules at a hearing earlier this year. Judge Michael Chambers says in Tuesday's judgment...

  • *Poses big threat to rivals in Europe and elsewhere. *UberEats launches in Amsterdam, five other cities this week. In a measure of rising ambition beyond its taxi business, Uber will begin delivering meals in Amsterdam on Thursday just as Dutch market leader Takeaway.com, begins trading on the city's stock market.

  • LONDON, Sept 27- Three months after Britain's vote to leave the European Union, fears in currency markets of a "hard Brexit" that would drive an exodus of banks from London have knocked sterling to within sight of its weakest levels in decades. That broadly reflects shifts in expectations of how the economy will deal with the fallout from talks that may deprive...

  • LONDON, Sept 27- Three months after Britain's vote to leave the European Union, fears in currency markets of a "hard Brexit" that would drive an exodus of banks from London have knocked sterling to within sight of its weakest levels in decades. That broadly reflects shifts in expectations of how the economy will deal with the fallout from talks that may deprive...

  • LONDON, Sept 27- Three months after Britain's vote to leave the European Union, fears in currency markets of a "hard Brexit" that would drive an exodus of banks from London have knocked sterling to within sight of its weakest levels in decades. That broadly reflects shifts in expectations of how the economy will deal with the fallout from talks that may deprive...

  • LONDON, Sept 27- Time Out, best known for its listings magazines, said on Tuesday it was close to setting up its own food and drink markets in London and Porto, after the British firm's first such venture attracted more than a million visitors in Lisbon. "We are in very advanced discussions in London and Porto in Portugal, and we are also progressing very well with New...

  • LONDON— The Associated Press has purchased the film archive of British Movietone, bolstering the news cooperative's collection with historic video from World War II, the Beatles' conquest of America and the romance between King Edward VIII and Wallis Simpson. The archive includes the first recorded speeches of personalities such as Mohandas K. Gandhi and...

  • LONDON, Sept 27- Gold fell on Tuesday as the dollar and stocks gained ground on the view that U.S. presidential candidate Hillary Clinton got the better of rival Donald Trump in their first debate. Spot gold was down 0.1 percent at $1,336.82 an ounce at 1039 GMT, snapping a six-day winning streak. ETF Securities analyst Martin Arnold said Clinton came out on top...

  • Speaking at a joint news conference with his Turkish counterpart Mevlut Cavusoglu, Johnson said his country hopes to sign a "new jumbo free trade deal" with Turkey after Britain leaves the European Union, adding that London would continue to support Turkey's EU membership bid. "We may be disentangling ourselves from the treaties of the European Union, but we are...

  • LONDON _ Markit Ltd. on Tuesday reported a fiscal third-quarter loss of $31.7 million, after reporting a profit in the same period a year earlier. Markit expects full-year earnings in the range of $1.72 to $1.78 per share, with revenue in the range of $2.74 billion to $2.77 billion. Markit shares have risen 20 percent since the beginning of the year.

  • LONDON— As investors and investigators weigh the damage of Yahoo's massive breach to the internet icon, information security experts worry that the record-breaking haul of password data could be used to open locks up and down the web. "Data breaches on the scale of Yahoo are the security equivalent of ecological disasters," said Matt Blaze, a security researcher...

  • GENEVA— The World Trade Organization dramatically slashed its forecast for trade growth this year by about a third to its lowest rate since 2009, when the global economy was mired in recession in the wake of the financial crisis. The Geneva- based WTO, perhaps best known for dealing with trade disputes, predicted that global trade will rise only 1.7 percent this...