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Euro flirts with parity as Russian gas link enters planned shutdown
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Hungary fuel price cap will lead to shortages, says MOL boss
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Post-outage Nord Stream gas flows unknown, says German regulator
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Euro zone to focus on inflation as economic outlook forecast to worsen
EU watchdog tackles insurance policy price differences
Date: July 11, 2022
LONDON (Reuters) -The European Union’s insurance watchdog launched a public consultation on Monday to crack down on how insurers unfairly charge customers different prices for the same type of cover. The European Insurance and Occupational Pensions Authority (EIOPA) said it was looking in particular at so-called price walking. This practice refers to raising premiums when...
Shares, bond yields fall as inflation fears swirl
Date: July 11, 2022
By Lawrence White LONDON (Reuters) – Shares and bond yields fell on Monday as investors braced for a U.S. inflation report that could force another super-sized hike in interest rates, as policymakers worldwide battle inflation while being wary of the threat of a recession. The STOXX index of European shares fell 0.6%, with S&P 500...
EU regulators accept Deutsche Telekom’s Czech mobile unit, 02 Czech concessions
Date: July 11, 2022
By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators on Monday accepted concessions from Deutsche Telekom’s Czech mobile unit, 02 Czech and Czech telecoms infrastructure provider Cetin to ensure competition in the Czech Republic and ended their investigation. The European Commission in 2019 charged the companies of restricting competition via their network sharing deal...
Wizz Air warns of flight cuts due to airport chaos
Date: July 11, 2022
By Eva Mathews (Reuters) -Wizz Air expects to have to cut flights this summer due to labour shortages and strikes at European airports, the budget airline said on Monday, sending its shares down around 5%. Wizz Chief Executive József Váradi had said in June the company was confident of returning to pre-COVID productivity by reaching...
EU backs second COVID booster for over-60s, before variant-adapted vaccines are ready
Date: July 11, 2022
By Natalie Grover and Francesco Guarascio BRUSSELS/LONDON (Reuters) -European Union health agencies on Monday recommended a second COVID-19 booster for everyone over 60, as well as medically vulnerable people, amid a new rise in infections and hospitalisations across Europe. While existing coronavirus vaccines continue to provide good protection against hospitalisation and death, vaccine effectiveness has...
Shell unable to supply Prelude LNG cargoes until July 21
Date: July 11, 2022
By Sonali Paul MELBOURNE (Reuters) – Shell on Monday told customers it would be unable to supply liquefied natural gas (LNG) cargoes from its Prelude facility off northwestern Australia due to industrial action over a pay fight, which has been extended to July 21. Shell has stopped production and will be sending workers off the...