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Hungary will need to redraw budget after April election -minister
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EU may discuss more borrowing option in a few weeks -Gentiloni
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Stocks hold firm even as U.S. yields hit multi-year highs
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EU proposes cybersecurity rules for EU bodies amid cyberattack worries
Fleeing Ukrainian athletes welcomed by clubs in Bosnia, Bulgaria
Date: March 22, 2022
By Spasiyana Sergieva and Dado Ruvic VARNA, Bulgaria/MOSTAR, Bosnia (Reuters) – Sports clubs in Bulgaria and Bosnia are providing refuge, training and competition for athletes escaping war in another show of global solidarity for Ukraine. Mihail Minchev, the 34-year-old owner and trainer of Hispano tennis club near the Black Sea city of Varna, was among...
Russia-related energy market shock could tip world into recession, Vitol CEO says
Date: March 22, 2022
By Julia Payne LONDON (Reuters) -The energy market shock following Russia’s invasion of Ukraine could tip the world into an economic recession, especially if the war drags on, Vitol’s chief executive said on Tuesday. Even before Russia launched its invasion on Feb. 24, energy markets had little spare capacity, and will struggle to absorb the...
Toshiba’s spin-off plan faces much opposition at pivotal shareholder vote
Date: March 22, 2022
By Makiko Yamazaki TOKYO (Reuters) – Japan’s troubled Toshiba Corp is going into Thursday’s critical shareholder vote on its plan to spin-off its devices business with very long odds. Its top three shareholders – Effissimo Capital Management, 3D Investment Partners and Farallon Capital Management – all activist shareholders with which Toshiba management has had a...
Eastern Europe struggles to cope as Ukraine refugee exodus hits 3.5 million
Date: March 22, 2022
By Anna Wlodarczak-Semczuk, Pawel Florkiewicz and Luiza Ilie WARSAW/BUCHAREST (Reuters) – More than 3.5 million people have fled abroad from the war in Ukraine, United Nations data showed on Tuesday, leaving Eastern Europe scrambling to provide them with care, schools and jobs even as daily numbers crossing borders ease. The millions who have left Ukraine...
Oil rises towards $116 as EU weighs Russian ban
Date: March 22, 2022
By Alex Lawler LONDON -Oil rose towards $116 a barrel on Tuesday, adding to a 7% surge the previous day, supported by supply risks from a potential European Union oil embargo on Russia and concern about attacks on Saudi oil facilities. European Union foreign ministers are split on whether to join the United States in...
Ukrainian president warns Russia war could lead to famine in other nations
Date: March 22, 2022
ROME (Reuters) -Russia’s attack on Ukraine risks causing famine in countries around the world, Ukrainian President Volodymyr Zelenskiy told the Italian parliament on Tuesday, urging greater help to defeat the invaders. In his latest address to Western lawmakers, Zelenskiy said via a video link that his people were clinging to survival, with the Russian military...