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HSBC agrees deal to sell Russian unit to Expobank
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Factbox-World leaders who contracted COVID-19
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Analysis-Aviation sector feels heat on emissions at air show
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ECB hikes rates, throws lifeline to indebted countries
Big Oil set to open cash taps with another record quarter
Date: July 21, 2022
By Ron Bousso and Sabrina Valle LONDON/HOUSTON (Reuters) – Top Western energy companies are expected to unleash billions in returns to shareholders when they announce what is set be a second-straight quarter of record-breaking profits, lifted by stellar refining margins and high oil and gas prices. A rapid recovery in demand following the end of...
Biden tests positive for COVID, has mild symptoms, taking Paxlovid treatment
Date: July 21, 2022
By Trevor Hunnicutt, Steve Holland and Jeff Mason WASHINGTON (Reuters) -Joe Biden, the oldest person ever to serve as president of the United States, has tested positive for COVID-19, is experiencing mild symptoms and will continue working but in isolation, the White House said on Thursday. Biden, 79, has a runny nose, fatigue and an...
Russia about to ‘run out of steam’ in Ukraine, British spy chief says
Date: July 21, 2022
By Phil Stewart ASPEN, Colorado (Reuters) -Russia’s military is likely to start an operational pause of some kind in Ukraine in the coming weeks, giving Kyiv a key opportunity to strike back, Britain’s spy chief said on Thursday. Richard Moore, chief of the Secret Intelligence Service (SIS) known as MI6, also estimated that about 15,000...
Russia resumes gas flow to Germany with cutback; 3 killed in Kharkiv market shelling
Date: July 21, 2022
By Vitalii Hnidyi KHARKIV, Ukraine (Reuters) -Russia reopened its biggest gas pipeline to Germany at less than half normal capacity on Thursday after a maintenance shutdown, raising worries of European energy shortages to come, while in Ukraine shells smashed into a market, killing three people. The resumption of gas flows via the Nord Stream 1...
ECB goes big with 50 basis-point hike, ending negative rates era
Date: July 21, 2022
(Reuters) – The European Central Bank on Thursday delivered its first interest rate hike in over a decade, joining other major central banks in the race to get on top of surging inflation. The United States, Canada, New Zealand and Switzerland among others have lined up in recent weeks with aggressive rate rises. Japan, which...
EU plan to curb gas use faces opposition from countries
Date: July 21, 2022
By Kate Abnett BRUSSELS (Reuters) – A European Union proposal that member countries cut gas use by 15% to prepare for possible supply cuts from Russia is facing resistance from governments, throwing into doubt whether they will approve the emergency plan. The European Commission proposed on Wednesday that all 27 EU countries use 15% less...