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July 5, 2022

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Column: Metals melt down as recession fears overwhelm supply woes: Andy Home

Reuters
LONDON, July 4 (Reuters) – Industrial metals have gone from boom to bust in the space of only three months. In March the London Metal Exchange (LME) suspended its nickel contract after the price spiked to more than $100,000 per tonne. Three-month nickel is now trading around $22,500, pretty much......

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......

Italy declares state of emergency for drought-stricken north

Reuters
ROME, July 4 (Reuters) – Italy on Monday declared a state of emergency for areas surrounding the river Po, which accounts for roughly a third of the country’s agricultural production and is suffering its worst drought for 70 years. The government decree will allow authorities to cut through red tape......

Root and Bairstow keep England on course for record chase

Reuters
BIRMINGHAM, England, July 4 (Reuters) – Joe Root and Jonny Bairstow smashed unbeaten fifties to boost England’s hopes of pulling off a record chase in the rearranged fifth test against India at Edgbaston on Monday. Chasing 378 for victory, England got off to a flying start before the loss of......

Norway oil and gas workers to strike on Tuesday, cutting output

Reuters
Strike to start midnight local time (2200 GMT on Monday) Gas output could be cut by near 25% by Saturday, oil by 15% Government can intervene in special circumstances Union workers want higher pay rise than in negotiated deal OSLO, July 4 (Reuters) – Norwegian offshore workers will likely go......

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......

Germany to overhaul law to bail out energy firms stricken by Russia woes – draft

Reuters
The logo of German energy utility company Uniper SE is pictured in the company’s headquarters in Duesseldorf, Germany, March 10, 2020. REUTERS/Thilo Schmuelgen Register now for FREE unlimited access to Reuters.com Register Government could present proposals to parliament this week Government may acquire stake in Uniper: sources Possible Uniper bailout......

EasyJet’s chief operating officer resigns after flight cancellations

Reuters
LONDON, July 4 (Reuters) – EasyJet’s chief operating officer (COO) has stepped down after the airline cancelled thousands of flights this summer to try to limit the disruption caused to passengers from staff shortages in the air and on the ground. Peter Bellew resigned on Friday to pursue other opportunities,......

Wimbledon turning into indoor event for late starters-Djokovic

Reuters
Tennis – Wimbledon – All England Lawn Tennis and Croquet Club, London, Britain – July 3, 2022 General view of Serbia’s Novak Djokovic in action during his fourth round match against Netherlands’ Tim van Rijthoven REUTERS/Hannah Mckay Register now for FREE unlimited access to Reuters.com Register LONDON, July 4 (Reuters)......

Ireland to boost budget package on projected 2022 surplus – source

Reuters
People hold signs and flags during a protest about the rising cost of living, in the city centre of Dublin, Ireland, June 18, 2022. REUTERS/Clodagh Kilcoyne/File Photo Register now for FREE unlimited access to Reuters.com Register DUBLIN, July 4 (Reuters) – Ireland will forecast that it will run a small......

Ukraine war to shift to Donetsk after fall of Luhansk; Russia claims major victory

Reuters
City was last Ukrainian stronghold in Luhansk region Russia says has “liberated” Luhansk region Zelenskiy vows to regain control with long-range weapons Blasts hit Russia’s Belgorod, southern Ukraine base -officials KYIV, July 4 (Reuters) – Russian forces in Ukraine will focus on trying to seize all of the Donetsk region,......

UN rights mission finds ‘probable’ mass graves in Libya

Reuters
UN mission finds three sites thought to hold mass graves Hundreds of bodies already found in Tarhouna Investigative mission up for renewal this week GENEVA, July 4 (Reuters) – A U.N.-appointed mission to Libya said on Monday there are “probable mass graves” yet to be investigated, possibly as many as......

Rebound in oil prices gives world stocks a lift in holiday trade

Reuters
A man walks under an electronic screen showing Japan’s Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register Oil steady after losing $1 a barrel in early trade Nikkei rises 0.84%, Chinese stocks up......

UK’s valve maker Spirax-Sarco in talks to acquire Vulcanic Group

Reuters
July 4 (Reuters) – Valve maker Spirax-Sarco Engineering (SPX.L) said on Monday it had entered exclusive negotiations with French private-equity firm Qualium to acquire Vulcanic Group of Companies for 261.7 million euros ($272.87 million) on a cash-and-debt-free basis. The British company expects acquisition of Vulcanic, an European industrial electric heating......

France’s Macron to appoint former health minister as spokesman – BFM TV

Reuters
French Junior Minister of Relations with the Parliament Olivier Veran attends the opening session of the National Assembly in Paris, France, June 28, 2022. REUTERS/Sarah Meyssonnier Register now for FREE unlimited access to Reuters.com Register PARIS, July 4 (Reuters) – French President Emmanuel Macron will appoint his former health minister,......

French group Thales in partnership with EXPAL for Australia military

Reuters
The logo of Thales is seen on a company building in Brest, France, March 14, 2022. REUTERS/Stephane Mahe Register now for FREE unlimited access to Reuters.com Register PARIS, July 4 (Reuters) – French defence and technology group Thales (TCFP.PA) announced on Monday a partnership with EXPAL Systems to provide material......

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......

Dollar holds firm as growth fears stalk markets

Reuters
South Korean won, Chinese yuan and Japanese yen notes are seen on U.S. $100 notes in this file photo illustration shot December 15, 2015. REUTERS/Kim Hong-Ji//Illustration Register now for FREE unlimited access to Reuters.com Register SINGAPORE, July 4 (Reuters) – The dollar kept trade-sensitive currencies pinned near multi-year lows on......

UK launches data centre for critical minerals

Reuters
Evaporation pools for the extraction of lithium are seen at the Salar de Uyuni, a vast white salt flat at the centre of a global resource race for the battery metal lithium, outside of Uyuni, Bolivia March 26, 2022. Picture taken with a drone. REUTERS/Claudia Morales Register now for FREE......

Belarus leader stands with Russia in campaign

Reuters
Russian President Vladimir Putin attends a meeting with his Belarusian counterpart Alexander Lukashenko in Saint Petersburg, Russia June 25, 2022. Sputnik/Mikhail Metzel/Kremlin via REUTERS Register now for FREE unlimited access to Reuters.com Register July 3 (Reuters) – The president of Belarus — Kremlin leader Vladimir Putin’s closest ally — said......

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