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Don’t bring your babies into parliamentary debates, UK lawmakers told
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Russia abandons Snake Island in victory for Ukraine
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Cellnex offers stake to Deutsche Telekom as part of towers bid -sources
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Vodafone leverages GumGum’s contextual intelligence platform to increase purchase intent around Samsung Galaxy Z Flip3
Explainer-Nuts and bolts of the LME’s cancelled nickel trades legal case
Date: June 30, 2022
By Pratima Desai LONDON (Reuters) – Hedge fund Elliott Associates and Jane Street Global Trading are suing the London Metal Exchange for up to $500 million after the LME cancelled nickel trades on March 8 when prices soared to record highs above $100,000 a tonne in chaotic trade. The nickel trading debacle is the biggest...
Russian forces withdraw from Ukraine’s strategic Snake Island
Date: June 30, 2022
By Max Hunder KYIV (Reuters) – Russian forces have withdrawn from Ukraine’s Snake Island, a strategic outpost in the Black Sea, Russia’s defence ministry and Ukraine’s president’s office said on Thursday. Snake Island, which Russia occupied on the first day of its invasion, achieved fame when Ukrainian border guards stationed there rejected a Russian warship’s...
Further pain in store for Asian currencies after turbulent first-half
Date: June 30, 2022
By Harish Sridharan (Reuters) – Asian currencies will wallow in the near-term, analysts forecast this week, with any respite from their first-half losses only likely to come in the form of proactive policy normalization by regional central banks combined with a Chinese recovery. A mix of elevated commodity prices and narrowing interest rate differentials have...
With IPOs on ice, banks’ stock offering fees plummet
Date: June 30, 2022
By Andres Gonzalez, Echo Wang and Lucy Raitano (Reuters) -Recession fears and Russia’s invasion of Ukraine sent a chill through equity capital markets (ECM) in the second quarter, depriving bankers of lucrative fees for arranging stock sales such as initial public offerings (IPOs). The slowdown drove global investment banks’ fees from ECM deals down 74%...
Moscow mall opens for Russian business after big brand exodus
Date: June 30, 2022
MOSCOW (Reuters) – Western fashion brands are conspicuous by their absence at a gleaming new shopping centre on the outskirts of Moscow – and customers say they scarcely miss them. Following Moscow’s decision to send thousands of troops into Ukraine at the end of February, international fashion brands from Adidas to Zara have paused operations...
Motor racing-Fashion Brand Hugo Boss returns to F1 with Aston Martin
Date: June 30, 2022
By Alan Baldwin LONDON (Reuters) – German fashion brand Hugo Boss announced on Thursday it was returning to Formula One with the Aston Martin team, five years after leaving for the electric Formula E series. The deal, announced at the British Grand Prix on Thursday and initially running until 2025, will see Boss branding on...