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European bourses steady as focus remains on key economic data

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FTSE 100 subdued as UK inflation hits double digits

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Cineworld plunges as lack of blockbusters adds to debt woes

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Exclusive-China’s EVE to supply BMW with large Tesla-like cylindrical batteries in Europe -sources

Norway’s wealth fund loses $174 billion in first half of 2022
Date: August 17, 2022
By Victoria Klesty OSLO (Reuters) – Norway’s sovereign wealth fund, the world’s largest, made a loss of 1.68 trillion Norwegian crowns ($174 billion) in the first half of 2022, it said on Wednesday, as stocks and bonds were hit by global recession fears and rampant price inflation. The $1.3 trillion fund’s return on investment was...

Rohingya refugees in India’s capital to be given flats, security
Date: August 17, 2022
By Krishna N. Das NEW DELHI (Reuters) -Rohingya refugees from Myanmar in India’s capital will be allotted apartments and provided with police protection, a government minister said on Wednesday, signalling a change in the stance towards members of the Muslim minority. “India has always welcomed those who have sought refuge,” Minister for Housing and Urban...

Analysis: Action wanes at U.N. to isolate Russia almost six months into Ukraine war
Date: August 17, 2022
By Michelle Nichols and Emma Farge UNITED NATIONS/GENEVA (Reuters) – On a June night under the chandeliers of Russia’s United Nations mission in New York, dozens of U.N. ambassadors from Africa, the Middle East, Latin America and Asia attended a reception to mark the country’s national day – less than four months after its forces...

London set for hosepipe ban from Aug. 24 – water company
Date: August 17, 2022
LONDON (Reuters) – Thames Water, which serves customers in and around the British capital London, said on Wednesday it was banning customers from using a hosepipe from Aug. 24, citing prolonged dry weather. Britain officially declared a drought in parts of England on Friday following England’s driest July in nearly 90 years, a month in...

S.Korea calls for talks as N.Korea test fires missiles
Date: August 17, 2022
By Hyonhee Shin and Soo-hyang Choi SEOUL (Reuters) – Talks with North Korea should not be for political show but contribute to establishing peace, South Korean President Yoon Suk-yeol said on Wednesday, just hours after the North test fired two cruise missiles into the sea. Speaking at a wide-ranging news conference to mark his first...

NZ, Aussie dlrs have busy day, Fed minutes loom
Date: August 17, 2022
By Alun John HONG KONG (Reuters) – The Australian and New Zealand dollars were volatile in Asia on Wednesday, before ending up back near where they started, providing some excitement ahead of the release of minutes of the U.S. Federal Reserve’s latest meeting later in the day. The kiwi jumped to as high as $0.6383...
