britain
Sales rose for British clothing, footwear and home products retailer Next Plc in the first quarter compared to the same period of the previous year. Next reported on Wednesday that its full-price sales for the 13 weeks ended on April 27 were up 5.7% compared to last year, slightly exceeding its guidance for this period, which aimed to achieve a 5% growth. Next trading full price sales include items sold in retail and online plus Next Finance interest income, but excludes sale events, clearance, total platform commission and the sales from subsidiaries. The company maintained its sales and prof...
DPA
Pre-tax profit dropped in the first quarter for British lender HSBC Holdings Plc compared to the same period of the previous year, the bank reported on Tuesday. HSBC reported that its first-quarter profit before tax dropped to $12.65 billion from last year's $12.89 billion. Profit after tax was $10.84 billion, compared to $11.03 billion a year ago. However, earnings per share grew to $0.54 from last year's $0.52 on lower share count. The latest results included a $4.8 billion gain following the completion of the disposal of banking business in Canada, partly offset by a $1.1 billion impairment...
DPA
Former British defence secretary Ben Wallace has warned against suggestions that the conflict in Ukraine should be frozen, during an interview that addressed the outlook in the war with Russia. The idea of "freezing" the war in Ukraine was put forward recently by a senior member of Germany's governing Social Democrats. "In 2014 they froze the conflict and Ukraine had 18,000 soldiers murdered on the front line between 2014 and the invasion," Wallace said in an interview with dpa on Thursday. "Russia would re-arm, re-equip and do what it did after 2014. And it would come back later," he added. "...
DPA
Former UK defence secretary Ben Wallace has called on German Chancellor Olaf Scholz to agree to send Taurus cruise missiles to Ukraine, as he continues to resist this step despite repeated pleas from Kiev. "I think the reason is you can't incrementally help Ukraine, you know, a bit of this and a bit of that. Do we want Ukraine to win? Or do we want them to lose?" Wallace said. While he understands Scholz's reasons for concern regarding a possible escalation of the conflict, these are unfounded, Wallace said. "We've seen throughout this whole process, Russia's red lines are like chalk, they jus...
DPA
There won't be another leadership challenge in Britain's Conservative Party, even if the upcoming local elections on May 2 prove disastrous, according to former British defence secretary Ben Wallace. Prime Minister Rishi Sunak's governing Conservatives have been trailing behind the Labour party in polls for months, ahead of the next general election. "You know, sometimes you have to get on with it. Right? You have to set your case, set out your best case, say to the public, this is us. This is me, and get on with that," Wallace said. "There are some serial agitators," he added, saying he used ...
DPA
Former British defence minister Ben Wallace is not planning to publish his memoirs after leaving the House of Commons, he told German press agency dpa on Thursday - and is instead considering his options in tech. "I basically spent seven and a half years in a world of secrets. So I can't write anything," Wallace said. Wallace was minister of state for security from 2016 until 2019, before he served as secretary of state for defence under former prime ministers Boris Johnson and Liz Truss and current Prime Minister Rishi Sunak. Wallace resigned in August 2023 and said he did not plan to stand a...
DPA
Despite massive international criticism of the UK government's planned asylum pact with Rwanda, some German lawmakers from the liberal-conservative Free Democrats (FDP) are calling Germany to strike a similar deal. "I think it would be right for us to consider carrying out asylum procedures in third countries outside Europe," the leader of the FDP's faction in German parliament, Christian Dürr, told the Augsburger Allgemeine newspaper. "With a legally secure regulation, we could create clarity about the protection status and prevent people without prospects of staying from embarking on the dan...
DPA
Despite massive international criticism of the UK government's planned asylum pact with Rwanda, some German lawmakers from the liberal-conservative Free Democrats (FDP) are calling Germany to strike a similar deal. "I think it would be right for us to consider carrying out asylum procedures in third countries outside Europe," the leader of the FDP's faction in German parliament, Christian Dürr, told the Augsburger Allgemeine newspaper. Dürr said he is not in favour of flying irregular migrants who are already in Germany to third countries so that they can apply for asylum there, as Britain's m...
DPA
Chancellor Olaf Scholz again stressed that Germany would not be sending long-range Taurus cruise missiles to Ukraine despite fresh aid for Kiev from the United States. As far as the Bundeswehr's Taurus missiles are concerned, "my decision will not change," Scholz asserted at a press conference with visiting British Prime Minister Rishi Sunak in Berlin on Wednesday. "My decision is very clear about the one weapon system," he said with regard to Taurus. "But my decision is also clear that we will continue to be the biggest supporter of Ukraine in Europe, that we will continue to be the two who d...
DPA
German Chancellor Olaf Scholz believes that NATO's European pillar must have sufficient deterrent potential, as Russia's war against Ukraine has shown that Europe's security architecture is at risk. "For us here in Europe, this means that we must strengthen the European pillar of NATO," Scholz said in Berlin during Rishi Sunak's inaugural visit to Germany as Britain's prime minister. "Because our European capability for deterrence and defence must always be credible." Scholz noted that Germany and the United Kingdom were the biggest supporters of Ukraine in Europe. At the same time, he said, i...
DPA
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