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BoE and Treasury think UK is 'likely' to need digital currency -Telegraph

BoE and Treasury think UK is 'likely' to need digital currency -Telegraph LONDON, Feb 4 (Reuters) - The Bank of England and Britain's finance ministry think that the UK is likely to need to create a central bank digital currency later this decade, the Telegraph newspaper reported on Saturday, citing an unreleased government report. "On the basis of our work to date, the Bank of England and HM Treasury judge that it is likely a digital pound will be needed in the future," the Telegraph quoted Ban

Czechs and Slovaks see storms disrupt traffic and cut power

Czechs and Slovaks see storms disrupt traffic and cut power Feb 4 (Reuters) - Gale-force winds and snow storms cut power supplies to thousands of Czech households on Saturday and closed the main east-west highway in Slovakia, officials and local media said. In Slovakia's Zilina region, authorities called on people to stay indoors and avoid non-essential travel, especially to the north of the country, as winds reached more than 120 km per hour in the Tatra mountains.

Saudi energy minister hopes sanctions won't result in energy shortage

Saudi energy minister hopes sanctions won't result in energy shortage DUBAI, Feb 4 (Reuters) - Saudi Energy Minister Prince Abdulaziz bin Salman said on Saturday he hoped sanctions and a lack of investments do not result in a shortage of energy supplies. "All of those so called sanctions, embargoes, lack of investments, they will convolute into one thing and one thing only, lack of energy supplies of all kinds when they are most needed," the minister said at an industry conference in Riyadh.

Iran signs $900 mln deal with local firm to develop Gulf gas field

Iran signs $900 mln deal with local firm to develop Gulf gas field DUBAI, Feb 4 (Reuters) - Iran signed a $900 million contract on Saturday with Iranian Offshore Engineering and Construction Co (IOEC) to develop the first phase of its Kish offshore gas field in the Gulf, state television reported. Under the contract, IOEC is to launch production of 28 million cubic metres per day of gas in 14 months, which is to be sent to installations in Assalouyeh on Iran's Gulf coast via a 210 km (130 mile)

Biden says U.S. is 'going to take care of' Chinese balloon

UPDATE 2-Biden says U.S. is 'going to take care of' Chinese balloon Adds detail on balloon's location, background on U.S./Chinese relations SYRACUSE, New York, Feb 4 (Reuters) - President Joe Biden said on Saturday that the United States is "going to take care of" a suspected Chinese spy balloon that has been tracked flying across the United States. Biden made his remark in response to a question about whether the United States would shoot down the high-altitude surveillance balloon, which has b

Brazil sinks rusting old aircraft carrier in the Atlantic

UPDATE 1-Brazil sinks rusting old aircraft carrier in the Atlantic Updates with Greenpeace statement By Anthony Boadle BRASILIA, Feb 4 (Reuters) - Brazil sank a decommissioned aircraft carrier in the Atlantic Ocean off its northeast coast, the Brazilian Navy said, despite warnings from environmentalists that the rusting 1960s French-built ship would pollute the sea and the marine food chain.

Take a bow-wow! Meet Bobi, the world's oldest dog on record

Take a bow-wow! Meet Bobi, the world's oldest dog on record By Catarina Demony and Miguel Pereira CONQUEIROS, Portugal, Feb 4 (Reuters) - When his dog was born three decades ago in a tiny village in central Portugal, Leonel Costa was only eight years old. Little did he know that his beloved Bobi would one day be recorded as the world's oldest dog.

Enel Extends Exclusivity Period For Negotiations With PPC On Potential Sale Of All Romanian Operations

BRIEF-Enel Extends Exclusivity Period For Negotiations With PPC On Potential Sale Of All Romanian Operations Feb 4 (Reuters) - Enel SpA ENEI.MI : ENEL - ENEL EXTENDS THE EXCLUSIVITY PERIOD FOR NEGOTIATIONS WITH PPC ON THE POTENTIAL SALE OF ALL ROMANIAN OPERATIONS ENEL - EXCLUSIVITY PERIOD FOR NEGOTIATIONS WITH PPC HAS BEEN EXTENDED UNTIL FEBRUARY 2
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Banco BPM wants to squeeze more long-term value from retailers' payment business

Banco BPM wants to squeeze more long-term value from retailers' payment business MILAN, Feb 4 (Reuters) - Italy's third-largest bank Banco BPM BAMI.MI is keen to generate greater value longer-term from its retailers' payment business as it explores strategic options for the unit, its chief executive said on Saturday. Speaking to reporters on the sidelines of the Assiom-Forex conference in Milan, Chief Executive Giuseppe Castagna said Banco BPM was considering ways to boost profitability at its b
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Monte dei Paschi too big a deal for Banco BPM, says BPM boss

Monte dei Paschi too big a deal for Banco BPM, says BPM boss MILAN, Feb 4 (Reuters) - Banco BPM BAMI.MI Chief Executive Giuseppe Castagna on Saturday ruled out a potential acquisition of Monte dei Paschi di Siena BMPS.MI saying the state-owned bank is too big to swallow. Monte dei Paschi is 64% owned by the Italian state, which needs to eventually cut its stake to meet re-privatisation commitments given to the European Union at the time of the bailout.
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UAE's ADNOC sets March Murban crude OSP at $82.63/bbl

UAE's ADNOC sets March Murban crude OSP at $82.63/bbl CAIRO, Feb 4 (Reuters) - The Abu Dhabi National Oil Company (ADNOC) set the March official selling price (OSP) of its benchmark Murban crude at $82.63 a barrel, the company said on Saturday. The February OSP was $80.11 a barrel. Reporting by Enas Alashray; Editing by Alexandra Hudson

Fire at Odesa power substation leaves port city's grid on the brink

UPDATE 2-Fire at Odesa power substation leaves port city's grid on the brink Adds details ODESA, Ukraine, Feb 4 (Reuters) - A fire broke out at an overloaded electrical substation in the Ukrainian port city of Odesa on Saturday, leaving nearly 500,000 people without power in a new blow to the country's ailing energy grid that has been hammered by Russian strikes for months.

India Market Regulator Says During The Past Week, Unusual Price Movement In The Stocks Of A Business Conglomerate Has Been Observed - Statement

BRIEF-India Market Regulator Says During The Past Week, Unusual Price Movement In The Stocks Of A Business Conglomerate Has Been Observed - Statement Feb 4 (Reuters) - Adani Power Ltd ADAN.NS : INDIA MARKET REGULATOR SAYS ANY INFORMATION RELATED TO SPECIFIC ENTITY IS EXAMINED AND DUE ACTION TAKEN - STATEMENT SEBI SAYS DURING THE PAST WEEK, UNUSUAL

Brazil sinks rusting old aircraft carrier in the Atlantic

Brazil sinks rusting old aircraft carrier in the Atlantic BRASILIA, Feb 4 (Reuters) - Brazil sank a decommissioned aircraft carrier in the Atlantic Ocean off its northeast coast, the Brazilian Navy said, despite warnings from environmentalists that the rusting 1960s French-built ship would pollute the sea and the marine food chain. The 32,000-tonne carrier had been floating offshore for three months since Turkey refused it entry to be scrapped there because it was an environmental hazard and the

Major accident causes power outages in Ukraine's Odesa- PM

Major accident causes power outages in Ukraine's Odesa- PM KYIV, Feb 4 (Reuters) - A serious accident at a high-voltage substation in Ukraine's Odesa region has caused emergency power outages in the regional capital, Ukraine's Prime Minister Denys Shmyhal said on Saturday. "The situation is difficult, the scale of the accident is significant, it is impossible to quickly restore power supply, in particular to critical infrastructure," Shmyhal wrote on Telegram.

Germany's DFL presses on with deal for media rights

Germany's DFL presses on with deal for media rights FRANKFURT, Feb 4 (Reuters) - Germany's soccer governing body is pressing on with plans to sell parts of the Bundesliga media rights for the country's first and second leagues to private investors, the Deutsche Fussball Liga (DFL) said in a media release on Friday. On Saturday, German daily paper Bild reported that a working group at DFL will recommend to the DFL supervisory board on Feb.

Small California town wonders if restored floodplain prevented disaster

Small California town wonders if restored floodplain prevented disaster By Daniel Trotta GRAYSON, Calif., Feb 4 (Reuters) - When devastating floods swept California last month, the community of Grayson - a town of 1,300 people tucked between almond orchards and dairy farms where the San Joaquin and Tuolumne rivers converge - survived without major damage.

Why are Peruvian politics such a mess? Inside the halls of its Congress

Why are Peruvian politics such a mess? Inside the halls of its Congress By Alexander Villegas and Brendan O'Boyle LIMA, Feb 4 (Reuters) - As deadly protests rage across Peru, a political battle is unfolding inside the halls of Congress, walled off from the streets by hundreds of police, armored vehicles and a maze of gates. Lawmakers are at loggerheads over whether to hold a snap election this year following the Dec.

U.S. warns Turkey on exports seen to boost Russia's war effort

UPDATE 1-U.S. warns Turkey on exports seen to boost Russia's war effort A top Treasury official flags chemical, chip exports Warns banks on breaking U.S. sanctions Latest round of U.S. pressure on NATO member Turkey Supply chains still flow to Moscow despite Western bans Adds comments from Nelson's speech By Jonathan Spicer ISTANBUL, Feb 4 (Reuters) - The United States warned Turkey in recent days about the export to Russia of chemicals, microchips and other products that can be used in Moscow's

Nestle to hike food prices further in 2023, CEO says

Nestle to hike food prices further in 2023, CEO says Feb 4 (Reuters) - Nestle NESN.S will have to raise prices of its food products further this year to offset higher production costs that it has yet to fully pass on to consumers, Chief Executive Mark Schneider told a German newspaper. The increases will not be as steep as they were in 2022, but "we have some catching up to do over the full year," Schneider was quoted as telling Frankfurter Allgemeine Zeitung in an interview due for publication
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