Reuters

LONDON (Reuters) - Britain's once towering inflation rate looks set to fall close to the Bank of England's 2% target on Wednesday, but it may be other figures in the data that influence the BoE's decision on when to cut interest rates for the first time since 2020.

Much of the drop in headline consumer price inflation - from a peak of 11.1% a year and a half ago - is due to falling energy prices which are beyond the BoE's control.

Its... (continue reading...)

By Daria Sito-Sucic

SREBRENICA, Bosnia (Reuters) - Kada Hotic last saw her son, husband and brother on July 11, 1995, as Bosnian Serb forces swamped the United Nations "safe zone" of the town of Srebrenica, forcing thousands of panicked Muslims to flee.

Shells exploded around Hotic and her family as they ran towards a U.N. base for safety, passing dismembered bodies on the way. She was separated from her 29-year-old son, Samir, when U.N.... (continue reading...)

By Alexander Cornwell

ABU DHABI (Reuters) - France is open to the United Arab Emirates investing in its nuclear energy industry, its finance minister said on Tuesday ahead of discussions in the Gulf state with UAE officials.

Sources told Reuters in March that the UAE had approached several European countries about investing in their nuclear power infrastructure via its state nuclear power company.

Finance Minister Bruno le... (continue reading...)

SHANGHAI (Reuters) - Eli Lilly said on Tuesday its diabetes drug tirzepatide has received approval from Chinese regulators, setting up intensifying competition with its Danish rival Novo Nordisk in the key Asian market.

Novo Nordisk's popular diabetes drug Ozempic won approval from China in 2021 and the company saw sales of the weekly injection in the greater China region that includes Hong Kong and Taiwan double to 4.8 billion Danish Krone ($698... (continue reading...)

DUBAI (Reuters) -Syria's first lady, Asma al-Assad, has been diagnosed with leukemia, the Syrian presidency said on Tuesday, almost five years after she announced she had fully recovered from breast cancer.

The statement said Asma, 48, would undergo a special treatment protocol that would require her to isolate, and that she would step away from public engagements as a result.

In August 2019, Asma said she had fully recovered from breast... (continue reading...)