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July 23, 2021

Western Europe

Sterling takes British reopening delay in its stride

Reuters
* Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh * Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv LONDON, June 14 (Reuters) – Sterling was largely unmoved on Monday by news Britain was set to delay the end of social distancing measures, as the government tries to slow a rapid rise in......

Triathlon-Denmark’s Pedersen cruises to victory in Huatulco

Reuters
June 13 (Reuters) – Denmark’s Alberte Kjaer Pedersen produced a superb display on Saturday to secure her maiden World Triathlon Cup gold medal in Huatulco, Mexico, in the final event for women during the Olympic qualifying period. Pedersen clocked an overall time of 1:00:24 to finish ahead of American Kirsten......

Europe’s ports will need $7.9 billion of investment to support offshore wind expansion, report says

CNBC
CNBC – For more and to sign up click here This photo shows wind turbine parts at a port in Ostend, Belgium. Philippe Clément/Arterra | Universal Images Group | Getty Images European ports will require new infrastructure and significant investment over the next few years to cope with the growth......

European stocks hit fresh record high as miners rally

Reuters
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 7, 2021. REUTERS/Staff (Reuters) – European stocks extended a record-setting rally on Monday as optimism about the reopening of economies and easy monetary policy lifted cyclical sectors, including mining and financials.......

English diners rush back to restaurants as lockdown eases

Reuters
FILE PHOTO: People enjoy the evening at an outside restaurant area in Soho, as the coronavirus disease (COVID-19) restrictions ease, in London, Britain April 12, 2021. REUTERS/Henry Nicholls LONDON (Reuters) – British diners rushed back to restaurants on Monday, the first day that they had been open in England for......

Canal+ Polska revives Warsaw listing ambitions amid IPO boom

Reuters
FILE PHOTO: The Vivendi logo is pictured at the main entrance of the entertainment-to-telecoms conglomerate headquarters in Paris March 14, 2014. REUTERS/Charles Platiau/File Photo LONDON (Reuters) – Polish pay-TV platform Canal+ Polska has revived plans for an initial public offering (IPO) in Warsaw, seeking to take advantage of a surge......

Earnings, metal rally spur record high for European stocks

Reuters
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 14, 2021. REUTERS/Staff (Reuters) – European stocks hit a record high on Thursday as a rally in commodity prices lifted miners, while some positive earnings reports offset worries about the pace......

German COVID-19 cases jump by most since early January

Reuters
BERLIN (Reuters) – The number of confirmed coronavirus cases in Germany jumped on Thursday by 29,426 to 3.073 million, the biggest increase since Jan. 8 as the government seeks to push through tougher nationwide curbs to try to contain a third wave of the virus. The reported death toll rose......

Asian shares defensive, dollar struggles near one-month lows

Reuters
SYDNEY (Reuters) – Asian shares were on the backfoot on Thursday following mixed cues from Wall Street where a sharp sell-off in the largest bitcoin exchange Coinbase hit tech shares while the dollar index struggled near one-month lows. FILE PHOTO: Pedestrians and a traffic light stop sign are reflected on......

EU Commission to end AstraZeneca and J&J vaccine contracts at expiry – paper

Reuters
MILAN (Reuters) – The EU Commission has decided not to renew COVID-19 vaccine contracts next year with AstraZeneca and Johnson & Johnson (J&J), Italian daily La Stampa reported on Wednesday, citing a source from the Italian health ministry. “The European Commission, in agreement with the leaders of many (EU) countries,......

Goldman Sachs profit soars on global deals frenzy, trading boom

Reuters
(Reuters) – Goldman Sachs Group Inc surged past Wall Street expectations for first-quarter profit on Wednesday, as the U.S. investment banking giant capitalized on record levels of global dealmaking and a coronavirus-driven boom in equity trading. An unprecedented boom in private firms merging with listed shell companies to go public......

Heathrow Airport CEO sees patchy international travel this summer

Reuters
LONDON, April 14 (Reuters) – The chief executive of Heathrow Airport, Britain’s busiest airport, said that international travel this summer would be “patchy” as countries worry about the risk of importing COVID-19 variants and their impact on the vaccine. “I think over the summer, we’re going to see quite a......

Britain reports 2,472 new COVID cases, 23 further deaths

Reuters
LONDON, April 13 (Reuters) – Britain reported 2,472 new COVID-19 cases on Tuesday, down from 3,568 a day earlier, government data showed, adding that a further 23 people had died within 28 days of a positive test of the novel coronavirus. Some 32.25 million people have received a first dose......

Erdogan says turkey remains committed to full EU membership

Reuters
FILE PHOTO: Turkish President Tayyip Erdogan gives a statement after a meeting in Ankara, Turkey, April 5, 2021. Murat Cetinmuhurdar/PPO/Handout via REUTERS ANKARA (Reuters) – President Tayyip Erdogan said on Tuesday that Turkey remains committed to full membership in the European Union, for which it is a candidate country despite......

France’s Ynsect targets food market with Protifarm buy

Reuters
PARIS (Reuters) – Ynsect has agreed a takeover of Dutch firm Protifarm, the French supplier of edible insects for animal feed said on Tuesday, marking a move into the food market amid rising demand for healthy, eco-friendly eating. Protifarm is a leader in insect ingredients for human food, and the......

UK economy to return to pre-COVID-19 level around mid-2022: Reuters poll

Reuters
LONDON (Reuters) – Britain’s economy will be back to its pre-COVID-19 level around the middle of next year, according to economists in a Reuters poll who said unemployment would peak at 6.2% as 2021 draws to a close and the pandemic job support scheme ends. FILE PHOTO: The City of......

Italy prepares new 40 bln euros economic stimulus package – source

Reuters
ROME, April 12 (Reuters) – Italy’s government is preparing a new stimulus package worth around 40 billion euros ($47.60 billion) to support its coronavirus-battered economy, a source close to the matter said on Monday. The extra borrowing will probably push this year’s budget deficit above 10% of gross domestic product......

Air France-KLM seeks about 1 billion euros via share issue

Reuters
FILE PHOTO: KLM airplanes are seen parked at Schiphol Airport in Amsterdam, Netherlands April 2, 2020. REUTERS/Piroschka van de Wouw/File Photo PARIS (Reuters) – Air France-KLM has launched a share issue to raise about 988 million euros ($1.2 billion) to strengthen its liquidity and finance its general needs in the......

Holt to head KPMG’s UK arm ahead of Carillion probe outcome

Reuters
FILE PHOTO: The KPMG logo is seen at their offices at Canary Wharf financial district in London, Britain, March 3, 2016. REUTERS/Reinhard Krause//File Photo LONDON (Reuters) – Global accountants KPMG said on Monday that Jon Holt has been elected by partners to head its 2.3 billion pound ($3.17 billion) UK......

Sterling recovers; long positions shrink to nine-week low

Reuters
* Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh * Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv LONDON, April 12 (Reuters) – The pound rose on Monday, recovering partly after a weekly loss, while CFTC data showed that speculators’ net long positions fell to a nine-week low as market participants split......

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