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UK factories pick up pace in February, but so do price pressures


LONDON British manufacturers had their best month in two years in February but the post-Brexit vote fall in the value of the pound is making them push up their prices sharply, posing a challenge for 2017, an industry survey showed.

UK government has no intention of revoking Article 50 - May's spokesman

LONDON The British government has no intention of revoking its withdrawal from the European Union once the formal exit process has been triggered, Prime Minister Theresa May's spokesman said on Monday.

2:43pm GMT

Germany encouraged over Opel jobs, but UK union worries

BERLIN/LONDON Initial talks between the German government and carmakers PSA and General Motors have led to some encouraging signs that jobs at Opel factories will be preserved, though no guarantees have been made yet, a top official said on Monday.

UK 4:47pm GMT

EU welcomes Pence assurance of Trump's support

BRUSSELS U.S. Vice President Mike Pence assured the European Union in Brussels on Monday that the Trump administration will develop their cooperation in trade and security and backs the EU as a partner in its own right. | Video

5:09pm GMT

Russia's U.N. envoy Churkin dies suddenly in New York

MOSCOW Russia's combative ambassador to the United Nations, Vitaly Churkin, died suddenly in New York on Monday after being taken ill at work, the Russian Foreign Ministry said.

7:36pm GMT

VW says it has fixed 470,000 cars in Britain affected by diesel scandal

LONDON German carmaker Volkswagen has fixed 470,000 cars out of 1.2 million affected by the diesel emissions scandal in Britain, the firm's UK managing director told lawmakers on Monday.

UK 6:13pm GMT

Greece, lenders agree to work out new reforms to unblock aid

BRUSSELS Greece and its international lenders agreed on Monday to let teams of experts work out new reforms to Greek pensions, income tax and labour market that would allow Athens to eventually qualify for more cheap loans, euro zone officials said. | Video

7:42pm GMT

Irish PM expected to say this week when he will resign

DUBLIN Ireland's finance minister said on Monday he expects Prime Minister Enda Kenny - who has already said he will not lead his party into an election due next year - to say on Wednesday when he will step down.

4:21pm GMT

Iraqi forces battling Islamic State about to reach Mosul airport

SOUTH OF MOSUL/BAGHDAD, Iraq U.S.-backed Iraqi forces battling Islamic State fighters have fought their way close to Mosul's airport on the second day of a ground offensive on the jihadists' remaining stronghold in the western side of the city, military statements said on Monday. | Video

World, Iraq, Middle East 6:27pm GMT

Snap arrives in London to woo sceptical investors ahead of IPO

LONDON Snap Inc, owner of popular messaging app Snapchat, kicked off its first investor roadshow on Monday, looking to persuade London money managers to back its initial public offering in the face of concerns about its growth prospects, valuation and corporate governance.

5:20pm GMT
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