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July 4, 2022

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Germany’s Scholz revives 1960s-style meets with unions, bosses on inflation

Reuters
Scholz calls tackling soaring inflation “historic challenge” Kicks off meets with unions, employers to build consensus Seeks to avoid wage-price spiral, social unrest BERLIN, July 4 (Reuters) – German Chancellor Olaf Scholz met trade union and employers association leaders on Monday for the first of a series of meetings aimed......

Ukraine PM: Rich Russians should pay the bill to rebuild

Reuters
Swiss conference on Ukrainian recovery gets under way Ukrainian premier says effort may cost $750 billion Britain’s Liz Truss says Russia should be held accountable LUGANO, Switzerland, July 4 (Reuters) – The cost of rebuilding Ukraine following Russia’s invasion could reach $750 billion and rich Russians should help pay the......

Americans hoping for European vacations this summer should prepare for one thing: chaos

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CNBC – For more and to sign up click here Some airlines and airports are struggling with the post-covid demand for travel. Anadolu Agency | Anadolu Agency | Getty Images LONDON — Delays, cancellations and strikes. It’s been a messy time for many European tourist hotspots as airlines and airports......

EU lending arm aims to raise 100 bln euros to help rebuild Ukraine

Reuters
Seeds are seen in a grain silo destroyed after it was shelled repeatedly, amid Russia’s invasion of Ukraine, in Donetsk region, Ukraine May 31, 2022. REUTERS/Serhii Nuzhnenko/File Photo Register now for FREE unlimited access to Reuters.com Register BRUSSELS, July 4 (Reuters) – The European Investment Bank, the lending arm of......

At least 3 killed in blasts in Russia’s Belgorod near Ukraine – governor

Reuters
July 3 (Reuters) – At least three people were killed and dozens of residential buildings damaged in the Russian city of Belgorod near the Ukraine border, the regional governor said, after reports of several blasts in the city. At least 11 apartment buildings and 39 private houses were damaged, including......

Russian missile strikes near Ukraine’s Odesa kill 21

Reuters
Missiles hit apartments, resort on southern coast Ukraine’s Zelenskiy says sites deliberately targeted by Russia Moscow denies targeting civilians SERHIIVKA, Ukraine, July 1 (Reuters) – Russia flattened part of an apartment building while residents slept on Friday in missile attacks near Ukraine’s port of Odesa that authorities said killed at......

EU agrees to tame ‘Wild West’ with new crypto market rules

Reuters
Souvenir tokens representing cryptocurrency Bitcoin and the Ethereum network, with its native token ether, plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, July 1 (Reuters – Cryptocurrency companies will need a licence and customer safeguards to......

We’ll be with you on ‘long road’ to membership, EU tells Ukraine

Reuters
BRUSSELS/KYIV, July 1 (Reuters) – Ukraine now has a “very clear European perspective” but the road to EU membership will take time and require hard work, the president of the EU executive told the country’s parliament on Friday. EU leaders last week granted Ukraine candidate status to join the bloc,......

Downturn fears support dollar, Aussie slumps to two-year low

Reuters
U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, July 1 (Reuters) – Gathering gloom about prospects for the global economy lifted the safe-haven dollar on Friday and pressured risk-sensitive currencies, with the Australian......

EU agrees on landmark regulation to clean up crypto ‘Wild West’

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CNBC – For more and to sign up click here Bitcoin is a volatile asset, and has been known to swing more than 10% higher or lower in a single day. Jakub Porzycki | Nurphoto | Getty Images EU officials on Thursday secured an agreement on what is likely to......

Stocks sink on fears for global economy, capping worst H1 on record

Reuters
Share indexes down 1% to 3%, U.S. futures weak Cenbank chiefs reiterate inflation warning this week Sweden’s Riksbank latest to hike rates All eyes on U.S. core prices data due later Graphic: Global asset performance LONDON, June 30 (Reuters) – Stocks sank on Thursday to extend what is the worst......

Russia abandons Snake Island in strategic victory for Ukraine

Reuters
KYIV, June 30 (Reuters) – Russian forces announced on Thursday they had abandoned the strategic Black Sea outpost of Snake Island, in a major victory for Ukraine that could loosen the grip of Russia’s grain export blockade. Russia’s defence ministry described the decision to withdraw from the outcrop as a......

Exclusive: EU nears compromise deal to defuse standoff with Russia over Kaliningrad

Reuters
Kaliningrad depends on rail and road through Lithuania Clampdown on sanctioned freight angers Moscow EU seeks compromise with Lithuania to resume normal trade VILNIUS/BRUSSELS, June 29 (Reuters) – Trade through Lithuania to the Russian exclave of Kaliningrad could return to normal within days, two sources familiar with the matter said,......

Column: Oil market confronts U.S. and EU policymakers with unpalatable choices: Kemp

Reuters
LONDON, June 29 (Reuters) – With global inventories steadily falling and spare capacity eroding, the oil market resembles a geological fault line in which stress is quietly accumulating and will eventually be relieved by an earthquake of as yet unknown magnitude. The most likely stress relief will come from a......

Putin still wants most of Ukraine, war outlook grim -U.S. intelligence chief

Reuters
Russian President Vladimir Putin attends Caspian Summit in Ashgabat, Turkmenistan June 29, 2022. Sputnik/Grigory Sysoyev/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 29 (Reuters) – Russian President Vladimir Putin still wants to seize most of Ukraine, but his forces are so degraded by combat......

Biden administration throws support behind potential F-16 sale to Turkey

Reuters
A U.S. Air Force F-16 fighter taking part in the U.S.-led Saber Strike exercise flies over Estonia June 6, 2018. REUTERS/Ints Kalnins Register now for FREE unlimited access to Reuters.com Register MADRID, June 29 (Reuters) – The Biden administration threw its support on Wednesday behind the potential sale of U.S.......

OPEC+ meets with little prospect of pumping more oil

Reuters
A person operates a tap of crude oil during the destruction of Bakana ii illegal camp, in Okrika, Rivers state, Nigeria January 28, 2022. REUTERS/Afolabi Sotunde/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, June 29 (Reuters) – OPEC and OPEC+ began two days of meetings on......

ECB’s chief economist sees double-sided risk of spiraling inflation and an economic slowdown

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CNBC – For more and to sign up click here Philip Lane, chief economist of the European Central Bank. Bloomberg | Bloomberg | Getty Images European Central Bank Chief Economist Philip Lane said the Frankfurt institution will have to remain vigilant over the coming months with the prospect of inflation......

Euro below $1.06 as Lagarde keeps July policy options open

Reuters
A shopper pays with a ten Euro bank note at a local market in Nice, France, June 7, 2022. REUTERS/Eric Gaillard Register now for FREE unlimited access to Reuters.com Register LONDON, June 28 (Reuters) – The Aussie and the Canadian dollar climbed on Tuesday on firmer oil prices while the......

G7 agrees to explore cap on Russian oil price – communique

Reuters
G7 invites other nations to explore cap on Russian oil price G7 will commit up to $5 bln to fight hunger – U.S. official Agree to push for Russian gold ban – EU official G7 leaders commit to climate club, make carbon-cutting pledges SCHLOSS ELMAU, Germany, June 28 (Reuters) –......

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