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Russia joins G20 meeting overshadowed by Ukraine conflict
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Russian ambassador: Johnson’s fall is just reward for ‘belligerent’ policy on Ukraine
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Volkswagen, partners to invest $20 billion in car battery business
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France launches hunt for new EDF CEO, sets money aside for full nationalisation
Boris Johnson quits as UK prime minister, dragged down by scandals
Date: July 7, 2022
By Kate Holton, Elizabeth Piper and Alistair Smout LONDON (Reuters) -Scandal-ridden Boris Johnson announced on Thursday he would quit as British prime minister after he dramatically lost the support of his ministers and most Conservative lawmakers, but said he would stay on until his successor was chosen. Bowing to the inevitable as more than 50...
Boeing CEO says planemaker could be forced to cancel 737 MAX 10 -Aviation Week
Date: July 7, 2022
By David Shepardson WASHINGTON (Reuters) -Boeing Chief Executive Dave Calhoun told Aviation Week in an interview that the planemaker could be forced to cancel the 737 Max 10 over potential regulatory issues. Boeing has a December deadline to win approval for the 737 MAX 10 – the largest member of its best-selling single-aisle airplane family....
German yields eye biggest jump since Mar 2020
Date: July 7, 2022
By Yoruk Bahceli (Reuters) -Benchmark German bond yields were set for their biggest daily rise since March 2020 on Thursday as the U.S. Federal Reserve’s meeting minutes and Chinese stimulus reports added to the tussle between inflation and recession fears gripping markets. Minutes of the bank’s June meeting showed officials rallied around the outsized 75...
Exclusive-Pope hopes London building last Vatican financial scandal
Date: July 7, 2022
By Philip Pullella VATICAN CITY (Reuters) – Pope Francis said he hoped that the recent sale of a luxury London building at the centre of an ongoing corruption trial meant the Vatican can see the back of financial scandals. Vatican finances were one of the many Church and international topics the 85-year-old pontiff discussed in...
Speed up rate hikes to stop sticky inflation, BoE’s Mann says
Date: July 7, 2022
By David Milliken LONDON (Reuters) -Central banks should move quickly when raising interest rates, because of the risk that persistent inflationary trends may be taking hold, Bank of England policymaker Catherine Mann said on Thursday. “What the research shows is when there is uncertainty about persistence versus transitory nature of inflation dynamics, it’s important to...
U.S. basketball star Griner admits Russian drugs charge but denies intent
Date: July 7, 2022
KHIMKI, Russia (Reuters) -U.S. basketball star Brittney Griner pleaded guilty to a drugs charge in a Russian court on Thursday but denied she had intentionally broken the law. Griner was speaking at the second hearing of her trial on the narcotics charge that carries a sentence of up to 10 years in prison, days after...