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UK tax authority withdraws winding up petitions for GFG Alliance units
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U.S. Supreme Court spurns Google bid to avoid shareholder lawsuit
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Russian no show at U.N. court hearing on Ukrainian ‘genocide’
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German real yields fall to new record lows on stagflation fears
Queen meets Canadian PM in first in-person meeting since catching COVID
Date: March 7, 2022
LONDON (Reuters) -Britain’s Queen Elizabeth met Canadian Prime Minister Justin Trudeau at Windsor Castle on Monday, in her first official in-person meeting after she tested positive for the coronavirus last month. Photographs of the meeting showed Trudeau holding the queen’s hand in his while also chatting and laughing. The British monarch, 95, has been returning...
Palladium propelled to record highs by Russia supply concerns
Date: March 7, 2022
By Peter Hobson LONDON (Reuters) – Palladium prices have rocketed 80% this year to all-time highs as financial sanctions on Russia, which produces 25-30% of global supply, disrupt shipments and worsen a supply shortage. Palladium is used by automakers in engine exhausts to reduce emissions. From around $1,900 an ounce at the start of the...
Kremlin says Russian military action will stop ‘in a moment’ if Ukraine meets conditions
Date: March 7, 2022
LONDON (Reuters) – Russia is demanding that Ukraine cease military action, change its constitution to enshrine neutrality, acknowledge Crimea as Russian territory and recognise the separatist republics of Donetsk and Lugansk as independent territories, Kremlin spokesman Dmitry Peskov said. Peskov told Reuters that Russia had told Ukraine it was ready to halt its military action...
German real yields fall to new record lows on stagflation fears
Date: March 7, 2022
By Stefano Rebaudo MILAN (Reuters) – Surging inflation expectations triggered by possible sanctions on Russian oil drove euro zone real government bond yields to fresh record lows on Monday, amid rising fears of a stagflationary shock for the European economy. Brent crude prices soared to their highest levels since 2008 after the United States and...
Euro set for biggest 3-day drop in 2 years as oil prices soar
Date: March 7, 2022
By Saikat Chatterjee LONDON (Reuters) – The euro tanked more than 1% versus the dollar on Monday and was on track for its biggest three-day loss in two years as soaring oil prices stoked fears of a stagflationary shock that could hammer European recovery hopes. The single currency’s drop was broad-based, with the currency flirting...
Telecom Italia recovers from record lows as CEO meet investors
Date: March 7, 2022
MILAN (Reuters) -Shares in Telecom Italia (TIM) recovered from fresh record lows on Monday as the head of Italy’s biggest phone group met investors to convince them of the merits of his standalone strategy. The TIM roadshow comes ahead of a response expected by the end of the week from the former phone monopoly to...