EUROPE

BP Deepwater Horizon costs balloon to $65 billion

LONDON (Reuters) – BP said on Tuesday it would take a new charge over the 2010 Deepwater Horizon spill after again raising estimates for outstanding claims, lifting total costs to around $65 billion(47.28 billion pounds). The logo of BP is seen at a petrol station in Kloten, Switzerland October 3, 2017. REUTERS/Arnd Wiegmann The post-tax, non-operating $1.7-billion charge BP will ...

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Suppliers and staff count the cost of UK Carillion's collapse

LONDON/EDINBURGH (Reuters) – The collapse of British services group Carillion (CLLN.L) started to hurt thousands of small contractors on Tuesday, with some laying off workers after the rapid demise of a company that was winning state contracts as recently as November. Defaced branding is seen outside Carillion’s Royal Liverpool Hospital site in Liverpool, Britain, January 16, 2018. REUTERS/Phil Noble Rudi ...

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Uber to introduce mandatory rest breaks for UK drivers

LONDON (Reuters) – Uber said on Tuesday its British drivers will have to take a six-hour break after they have accepted and made trips with passengers totalling 10 hours as the taxi app responds to criticism over excessive working hours. FILE PHOTO: A photo illustration shows the Uber app on a mobile telephone, as it is held up for a ...

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De Beers turns to blockchain to guarantee diamond purity

LONDON (Reuters) – Anglo American’s (AAL.L) diamond unit De Beers aims to launch the first industry-wide blockchain this year to track gems each time they change hands starting from the moment they are dug from the ground, its chief executive said on Tuesday. FILE PHOTO: Bruce Cleaver, CEO of De Beers, poses in Hong Kong, China September 14, 2016. Picture ...

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Split Social Democrats could sink Merkel's coalition plans

BERLIN (Reuters) – The leader of Germany’s Social Democrats (SPD) tried on Tuesday to quash a grassroots rebellion against a blueprint agreed with Angela Merkel’s conservatives to enter formal talks on a “grand coalition” which could scupper her plan for a fourth term. Martin Schulz, Germany’s Social Democratic Party (SPD) leader, looks on as he meets with local SPD members ...

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Ahead of UK summit, Macron visits migrants in port of Calais

CALAIS, France (Reuters) – French President Emmanuel Macron visited a migrant reception centre and quizzed refugees in Calais on Tuesday, taking stock of the pressure on the Channel port ahead of a summit with British Prime Minister Theresa May this week. FILE PHOTO – French President Emmanuel Macron delivers his speech during the traditional New Year ceremony at the Cour ...

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JD Sports sees annual profit ahead of market expectations

(Reuters) – JD Sports Fashion Plc, Britain’s largest sportswear retailer by market value, on Tuesday forecast annual pretax profit ahead of market expectations on strong trading in the second half of the year, including the key Christmas period. FILE PHOTO: A sign for a JD Sports store is displayed in a window in London, Britain April 11, 2017. REUTERS/Neil Hall ...

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UK's saving after Brexit even bigger than 350 million pounds, Johnson says

LONDON (Reuters) – Britain will have even more money to spend on public services than the disputed 350 million pounds a week Brexiteers promised after the country leaves the European Union, Foreign Secretary Boris Johnson said in an interview published on Tuesday. FILE PHOTO: Former London Mayor Boris Johnson speaks at the launch of the Vote Leave bus campaign, in ...

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EU 'still open' to Britain changing mind on Brexit

STRASBOURG (Reuters) – Donald Tusk, the European Council president, weighed in to new British debate on whether to hold a second referendum on Brexit by saying on Tuesday that Britons would be welcome to stay in the European Union. European Council President Donald Tusk addresses a news conference during a European Union leaders summit in Brussels, Belgium, December 15, 2017. ...

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Inflation falls back for first time since June as Brexit hit wanes

LONDON (Reuters) – British inflation eased off its post-Brexit vote high in December, official data showed on Tuesday, suggesting the financial squeeze on many households could be about to get a little bit easier. Shoppers cross the street at Oxford Circus in London, Britain, November 25, 2017. REUTERS/Darrin Zammit Lupi Consumer price inflation fell for the first time since June, ...

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