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July 1, 2022

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

Reuters
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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......
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Norway blames “pro-Russian group” for cyber attack

Reuters
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OSLO, June 29 (Reuters) – A number of institutions in Norway have been subjected to a so-called distributed denial-of-service (DDoS) cyber attack in the last 24 hours, the Norwegian NSM security authority said on Wednesday, blaming a “criminal pro-Russian group”. The attacks, which began overnight, targeted private and public institutions......
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Biden administration throws support behind potential F-16 sale to Turkey

Reuters
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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.......
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H&M profit jumps as shoppers hit stores after pandemic

Reuters
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The H&M clothing store is seen in Times Square in Manhattan, New York, U.S., November 15, 2019. REUTERS/Mike Segar Register now for FREE unlimited access to Reuters.com Register STOCKHOLM, June 29 (Reuters) – H&M (HMb.ST), the world’s second-biggest fashion retailer, reported a forecast-beating 33% increase in March-May profit on Wednesday......
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Axiata, Telenor win approval to form Malaysia’s top mobile operator

Reuters
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A general view of the Axiata headquarters building in Kuala Lumpur, Malaysia, October 1, 2019. REUTERS/Lim Huey Teng/ Register now for FREE unlimited access to Reuters.com Register KUALA LUMPUR, June 29 (Reuters) – Malaysia’s communications regulator on Wednesday approved a merger between the mobile operations of Axiata Group Bhd (AXIA.KL)......
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Stocks, oil edge up as China relaxes quarantine rules

Reuters
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LONDON, June 28 (Reuters) – Global shares moved into positive territory on Tuesday while oil prices firmed following China’s decision to ease some quarantine requirements for international arrivals that raised hopes for stronger growth and a revival in demand for commodities. China slashed the quarantine time for inbound travellers by......
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Young activists dismiss ‘vague’ G7 climate pledges at summit

Reuters
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A general view of G7 leaders meeting with outreach guests for the working session of the G7 leaders’ summit at the Bavarian resort of Schloss Elmau, near Garmisch-Partenkirchen, Germany, June 27, 2022. REUTERS/Lukas Barth/Pool Register now for FREE unlimited access to Reuters.com Register GARMISCH-PARTENKIRCHEN, Germany, June 27 (Reuters) – Climate......
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Oslo shooting suspect named as police advise against Pride gathering

Reuters
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People bring flowers and rainbow flags to pay tribute to the victims as they take part in a spontaneous Pride parade, following a shooting at the London Pub, a popular gay bar and nightclub, after the official event was cancelled, in Oslo, Norway, June 25, 2022. Haakon Mosvold Larsen/NTB/via REUTERS......
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Google faces antitrust complaint by Danish job-search rival

Reuters
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BRUSSELS, June 27 (Reuters) – Google faces an antitrust complaint on Monday by Danish online job-search rival Jobindex, whichtold European Union regulators the Alphabet-owned (GOOGL.O) business had allegedly unfairly favoured its own job-search service. The complaint could reinvigorate EU antitrust chief Margrethe Vestager’s scrutiny of the service, Google for Jobs.......
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Two dead, 10 wounded in Norway nightclub shooting, police say

Reuters
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OSLO, June 25 (Reuters) – Two people were killed and around 10 wounded on Saturday in a shooting at a nightclub in Norway’s capital Oslo, Norwegian police said. Public broadcaster NRK and other local media reported that the shooting had taken place at the London Pub, a popular gay bar......
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European stocks bounce off lowest in more than a year after Powell remarks

Reuters
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The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 21, 2022. REUTERS/Staff Register now for FREE unlimited access to Reuters.com Register Wall Street turns positive, helping sentiment Oil majors slide as crude dives Defensives gain, capping losses ArcelorMittal, other steel makers fall......
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Swedish court upholds ban on Huawei sale of 5G gear

Reuters
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STOCKHOLM, June 22 (Reuters) – A Swedish appeals court on Wednesday upheld a ruling by a lower court that banned Huawei (HWT.UL) from selling 5G equipment in the country, in the latest setback to the Chinese telecoms company’s hopes of staging a comeback. In 2020, Swedish telecom regulator PTS unexpectedly......
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EU must stick with Ukraine despite economic pain -European Commission

Reuters
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A model of the natural gas pipeline is seen in front of displayed word EU and Russia flag colours in this illustration taken March 8, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register BRUSSELS, June 22 (Reuters) – Europe must keep up its support for Ukraine......
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Norway’s sovereign fund eyes long-term profit from market turmoil

Reuters
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A general view of the Norwegian central bank, where Norway’s sovereign wealth fund is situated, in Oslo, Norway, March 6, 2018. REUTERS/Gwladys Fouche Register now for FREE unlimited access to Reuters.com Register OSLO, June 21 (Reuters) – The recent turmoil in global financial markets represents an opportunity for Norway’s $1.2......
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Germany risks recession as Russian gas crisis deepens

Reuters
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Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke/File Photo Register now for FREE unlimited access to Reuters.com Register More Europeans activate first stage of gas crisis plans Surging gas price adds to policymakers’ inflation headache Slowing......
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Verstappen on pole in Canada, Alonso on front row

Reuters
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Verstappen on pole, Alonso alongside Sainz and Hamilton share second row Leclerc at back of grid after engine penalties Perez crashes in second phase MONTREAL, June 18 (Reuters) – Red Bull’s Formula One leader Max Verstappen shone in the wet to take pole position for the Canadian Grand Prix on......
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Russian gas flows to Europe fall, hindering bid to refill stores

Reuters
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A train moves past oil tanks of the NNK-Primornefteproduct petroleum depot in the far eastern port of Vladivostok, Russia June 11, 2022. REUTERS/Tatiana Meel Register now for FREE unlimited access to Reuters.com Register Nord Stream 1 pipeline capacity down to 40% Europe’s gas price jumps up to 30% after disruption......
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IKEA puts Russian factories up for sale, plans job cuts

Reuters
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Stores in Russia will remain closed Will seek to sell factories Aims to reduce 15,000-strong workforce Ingka’s 14 “MEGA” shopping malls in Russia to stay open STOCKHOLM, June 15 (Reuters) – IKEA said on Wednesday it would sell factories, close offices and reduce its 15,000-strong workforce in Russia, the latest......
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Toyota says consumer choice dictates pace of electrification

Reuters
by Reuters01
TOYOTA, Japan, June 15 (Reuters) – Toyota Motor Corp (7203.T) pushed back against critics who say it has been slow to embrace battery electric vehicles (BEV), arguing it needed to offer a variety of car choices to suit different markets and customers. At its annual general meeting on Wednesday, the......
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Europe imports more South African coal as Russian ban looms

Reuters
by Reuters01
JOHANNESBURG, June 15 (Reuters) – European countries, scrambling to secure alternatives to Russian coal, imported 40% more coal from South Africa’s main export hub in the first five months of this year than over the whole of 2021, figures obtained by Reuters showed on Wednesday. South Africa’s Richards Bay Coal......
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