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BoE’s Mann: inflation fears drove vote for half point rate hike
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Soccer-Man Utd withdraws Russian airline Aeroflot’s sponsorship rights
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European bank shares jittery as slew of sanctions readied
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Prices tumble on hopes for westward Yamal-Europe pipeline flows
British airlines skirt Russia as the fallout from Ukraine widens
Date: February 25, 2022
By Jamie Freed and Allison Lampert (Reuters) -Virgin Atlantic and British Airways both began routing flights around Russian airspace on Friday after London and Moscow banned each other’s airlines in tit-for-tat retaliation over Russia’s invasion of Ukraine. While the extent of the longer-term fallout from the attack was unclear, airlines have been asking Anchorage Airport...
Exclusive-ECB policymakers told Ukraine war may shave 0.3%-0.4% off GDP
Date: February 25, 2022
By Balazs Koranyi and Francesco Canepa PARIS (Reuters) -The European Central Bank’s chief economist Philip Lane has told fellow policymakers that the Ukraine conflict may reduce the euro zone’s economic output by 0.3%-0.4% this year, four people close to the matter told Reuters. This was the “middle scenario” presented by Lane at a Governing Council...
Ukraine asks for South Korea cybersecurity aid amid Russia invasion
Date: February 25, 2022
By Hyonhee Shin SEOUL (Reuters) – The top Ukraine official in South Korea said on Friday that his country wants to request Seoul’s assistance in boosting its cybersecurity capability to defend against Russian attacks. Missiles pounded the Ukrainian capital as Russian forces pressed their advance after launching attacks on Thursday, prompting Kyiv’s plea for more...
NATO leaves Black Sea exposed as Russia invades Ukraine
Date: February 24, 2022
By John Irish, Robin Emmott and Jonathan Saul BUCHAREST (Reuters) – When Russia attacked Ukraine, the nearest naval vessel of a major NATO ally was in the Mediterranean. The last such ship from a major naval member of the Western military alliance left the Black Sea – an area roughly the size of California bordering...
Global finance grapples with Ukraine crisis as shares slump
Date: February 24, 2022
By Tom Sims, Iain Withers and David Henry FRANKFURT/LONDON/NEW YORK (Reuters) – Financial firms from Frankfurt to Wall Street suffered heavy share price falls on Thursday as they grappled with the impact of Russia’s invasion of Ukraine, sought to understand what sanctions would look like and rushed to advise clients on how to respond. While...
China rejects calling Russia move ‘invasion,’ urges citizens in Ukraine to stay home
Date: February 24, 2022
By Martin Quin Pollard and Ryan Woo BEIJING (Reuters) -China rejected calling Russia’s moves on Ukraine an “invasion” and urged all sides to exercise restraint on Thursday, even as it advised its citizens there to stay home. Ukrainian forces battled Russian invaders on three sides on Thursday after Moscow mounted an assault on Ukraine by...