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Analysis-Euro is at parity; its fate is now with energy markets
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Gazprom: Nord Stream gas link’s safety depends on stranded turbine
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Sri Lankan president flees to Maldives, protesters storm prime minister’s office
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Italy’s government faces collapse if 5-Star pulls out
EU to urge countries to curb gas use to buffer against Russian cuts
Date: July 13, 2022
By Kate Abnett BRUSSELS (Reuters) – The European Union will encourage member countries to cut gas demand by incentivising industries to use less, in a bid to prepare for possible further cuts to Russian supply, according to a draft plan seen by Reuters. Brussels is bracing for potential further cuts to Russian gas deliveries, a...
EU watchdog calls for common definition of corporate ‘sustainability’
Date: July 13, 2022
By Huw Jones LONDON (Reuters) – A new global standard setter for company sustainability reporting needs to ensure its definition of “sustainability” fits with other initiatives to stamp out “greenwashing”, the European Union’s securities watchdog said on Wednesday. The new standard setter – the International Sustainability Standards Board or ISSB – was launched in November...
Sri Lankans storm prime minister’s office, demanding he quit as well
Date: July 13, 2022
By Devjyot Ghoshal COLOMBO (Reuters) -Barely hours after Sri Lankan President Gotabaya Rajapaksa fled the country on Wednesday, hundreds of people were demanding the resignation of the prime minister as well and fighting street battles with security forces, some armed with assault rifles. “Ranil go home!” they chanted before storming the office of Prime Minister...
The most coveted endorsement in race to be next British prime minister? Margaret Thatcher
Date: July 13, 2022
By Andrew MacAskill LONDON (Reuters) – Margaret Thatcher has not been in power since 1990. In fact, she’s been dead since 2013. But the former Conservative prime minister has been a regular presence in this week’s contest to replace Boris Johnson as Britain’s next leader. Thatcher, the most polarising prime minister in modern British history,...
Analysis-Euro-dollar parity leaves ECB facing costly choices
Date: July 13, 2022
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The euro’s tumble to parity against the dollar has pushed the European Central Bank back against a wall, leaving its policymakers with only painful and economically costly choices. Letting the currency fall further would push up already record high inflation, raising the risk of price growth...
Veteran Hong Kong activist jailed for unlawful assembly
Date: July 13, 2022
HONG KONG (Reuters) – A Hong Kong court sentenced a 66-year-old activist known as “Grandma Wong” to eight months’ imprisonment on Wednesday, in the second jailing of a veteran Hong Kong democracy campaigner in as many days. Alexandra Wong Fung-yiu had been charged with two counts of unlawful assembly from 2019, when millions had taken...