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RPT-Subdued UK industrial output data caps glum Q1 for economy

LONDON, May 10 (Reuters) - British industrial output barely rose in March, confirming a glum first quarter for the economy that looks likely to scupper a Bank of England interest rate hike later on Thursday. The data, released along with figures for the construction industry and overseas trade, did nothing to alter the picture of an economy that has struggled for momentum in recent months. While heavy snow storms swept thr

HIGHLIGHTS-Draghi comments at ECB press conference

The European Central Bank kept policy unchanged on Thursday and ECB chief Mario Draghi was expected to play down worries over recent softness in the euro zone economy, leaving the door open to ending lavish bond purchases by the close of the year.

UK retail sales suffer worst quarter in a year after March snow

British retail sales recorded their biggest quarterly fall in a year during the three months to March, after unusually cold and snowy weather kept shoppers at home. Retail sales volumes in March were 1.2 percent lower than the month before as a period of unseasonal snow and cold weather dubbed 'The Beast from the East' kept shoppers at home, a bigger fall than economists had expected in a Reuters poll. For the first quarter as a whole, sales volumes dropped b


Republicans want new special counsel to investigate Trump-Russia probe 'misconduct'

WASHINGTON Some of U.S. President Donald Trump's closest conservative allies in Congress called for the appointment of a second special counsel on Tuesday to investigate the probe into Trump's campaign, Russia and the 2016 U.S. election, as Trump ramped up his own criticism of the Department of Justice.