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Renault first-half sales volume slumps 30% after Russia exit
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Primatologist Jane Goodall gets Barbie doll in her likeness
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‘Amazing journey’: EU accepts Croatia as 20th euro zone member
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Japan bids sombre farewell to slain Shinzo Abe, its longest-serving premier
Russia gives exiting firms time by pausing asset seizure law
Date: July 12, 2022
MOSCOW (Reuters) – Moscow’s plan to implement a new law enabling authorities to seize the assets of Western firms leaving the country failed to get through parliament before the summer recess, giving companies more time to negotiate exits. Russia’s parliamentary session ended last week without the bill being passed. That makes any progress unlikely until...
Spain to slap temporary taxes on banks, power companies, PM says
Date: July 12, 2022
By Belén Carreño and Jesús Aguado MADRID (Reuters) -Spain will hit power companies and banks with temporary taxes that should rake in 7 billion euros ($7.02 billion) in 2023-2024 to help Spaniards cope with soaring inflation, the government said on Tuesday, triggering a selloff in some banking shares. Sabadell fell as much as 12%, while...
Europe’s summer travel chaos
Date: July 12, 2022
(Reuters) – Strikes and staff shortages are forcing airlines to cancel thousands of flights and causing hours-long queues at major airports, dashing hopes of a sizzling first summer after COVID lockdowns. Here is a summary of some of the key developments: LABOUR UNREST: After sweeping job cuts and pay cuts when COVID-19 brought travel to...
Inditex shareholders back heiress Marta Ortega as chairwoman
Date: July 12, 2022
ARTEIXO, Spain (Reuters) – Shareholders of Spanish fashion retail giant Inditex on Tuesday approved Marta Ortega, the youngest daughter of its founder Amancio, as the group’s chairperson, alongside a new chief executive officer, Oscar Garcia Maceiras. The vote backing the duo took place during the first annual general meeting since 38-year-old Ortega started in her...
London’s Heathrow caps passengers at 100,000 a day
Date: July 12, 2022
By Paul Sandle and Yadarisa Shabong LONDON (Reuters) -London’s Heathrow said it would cap departing passengers at 100,000 a day this summer to limit queues, baggage delays and cancellations, and it was asking airlines to stop selling tickets for flights that could be curtailed. Britain’s busiest airport, like others across Europe, is struggling to cope...
Russia’s breadbasket seeing high yields as wheat harvest starts
Date: July 12, 2022
(Reuters) – Farmers in Russia’s southern Rostov region, one of the largest grain producing and exporting areas of the country, are seeing high wheat yields as harvesting gets underway, growers and officials in the region said. Sanctions-hit Russia, the world’s largest wheat exporter, is expected to produce a massive crop in 2022 with record amounts...