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July 5, 2022

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S.Korea to lift nuclear power share of energy mix to 30% by 2030

Reuters
SEOUL, July 5 (Reuters) – South Korea plans to increase the contribution of nuclear power in the country’s power source mix to 30% or more by 2030 from 27.4% in 2021, the industry ministry said on Tuesday. South Korea’s new president, Yoon Suk-yeol, has rejected the idea of phasing out......

Australia floods worsen as thousands more Sydney residents evacuate

Reuters
SYDNEY, July 5 (Reuters) – Torrential rains kept battering Australia’s east coast on Tuesday, intensifying the flood crisis in Sydney as thousands more residents were ordered to leave their homes after rivers swiftly rose past danger levels. About 50,000 residents in New South Wales, most in Sydney’s western suburbs, have......

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......

Tunisia buys 8 military training aircraft from U.S.- defense ministry

Reuters
TUNIS, July 4 (Reuters) – Tunisia has bought eight military training aircrafts from the United States as part of a plan to renew the air force’s training aircraft fleet, the defense ministry said in a statement on Monday. A deal was signed between the U.S. government and Textron Aviation Defense......

Rooftop shooter kills 6 at July 4 parade in Chicago suburb of Highland Park

Reuters
HIGHLAND PARK, Ill., July 4 (Reuters) – Six people were killed and at least two dozen injured when a man with a high-powered rifle opened fire from a rooftop at a Fourth of July parade in the wealthy Chicago suburb of Highland Park on Monday, turning a civic display of......

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......

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......

Tens of thousands of Sydney residents told to evacuate as rains flood suburbs

Reuters
Third major flood this year for some Sydney suburbs 30,000 New South Wales residents face evacuations Rescue of ship crew underway, military helping stranded families SYDNEY, July 4 (Reuters) – Fresh evacuation orders were issued for tens of thousands of Sydney residents on Monday after relentless rains triggered floods for......

BTS rekindle debate about military service in South Korea

Reuters
SEOUL, July 4 (Reuters) – A surprise decision by South Korean boy band BTS to take a break from live shows has rekindled debate about mandatory military service in a country setting global pop-culture trends while facing a decades old Cold War threat. Military service is hugely contentious in South......

Indonesia sovereign wealth fund, China fund sign $3 bln investment deal

Reuters
JAKARTA, July 4 (Reuters) – Indonesia’s sovereign wealth fund and China’s Silk Road Fund have signed a framework agreement under which the Chinese fund aims to invest up to 20 billion yuan ($2.99 billion) in the Southeast Asian country, they said in a joint statement. The investment scope under the......

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......

China cetral bank upgrades currency swap with HKMA, expands size to 800 billion yuan

Reuters
BEIJING, July 4 (Reuters) – China’s central bank said on Monday that it has upgraded a currency swap facility with Hong Kong to a standing swap agreement and expanded the size to 800 billion yuan ($119.40 billion) from 500 billion yuan. The agreement was signed by the People’s Bank of......

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......

UK to host 2023 Ukraine recovery conference

Reuters
LONDON, July 3 (Reuters) – Britain will host a conference next year focused on helping Ukraine recover from the damage caused by Russia’s invasion, the foreign office said, as nations gather in Switzerland for this year’s event. The Ukraine Recovery Conference (URC2022) beginning on Monday in Lugano will discuss how......

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