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Swiss ‘zero star hotel’ offers sleepless nights to ponder world’s crises
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Traders scale back peak interest rate bets as recession fears grip
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EU, Norway agree to increase gas deliveries as Russian cuts deepen
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UK PM Johnson rejects resignation talk before elections
Biden administration leans on Tesla for guidance in renewable fuel policy reform
Date: June 23, 2022
By Jarrett Renshaw and Stephanie Kelly (Reuters) -U.S. President Joe Biden rarely mentions electric car maker Tesla Inc in public. But privately his administration has leaned on the company to help craft a new policy to allow electric vehicles (EVs) to benefit from the nation’s lucrative renewable fuel subsidies, according to emails reviewed by Reuters....
UK PM Johnson’s Conservatives brace for by-election setback
Date: June 23, 2022
By Alistair Smout LONDON (Reuters) – Boris Johnson’s Conservative party faces voters in two very different parliamentary seats on Thursday, an election test that, if lost, could renew speculation about the British prime minister’s future after months of scandal. The by-elections are in deeply Conservative Tiverton and Honiton in southwest England and the normally Labour-supporting...
Euro zone bond yields fall after business activity disappoints
Date: June 23, 2022
By Yoruk Bahceli (Reuters) – Euro zone bond yields fell on Thursday after data showed business activity in the bloc slowed more than expected in June and Germany triggered the alarm stage of its emergency gas plan, adding to concerns over global growth. S&P Global’s flash composite purchasing managers’ index dropped to 51.9 in June...
Full Brexit impact yet to play out on UK finance, lawmakers say
Date: June 23, 2022
By Huw Jones LONDON (Reuters) -Britain should avoid hasty reforms to make its financial sector more globally competitive after the industry’s separation from the European Union by Brexit, a parliamentary report said on Thursday. The finance ministry has proposed scores of changes to rules governing capital markets, company listings and insurance to exploit independence from...
Ireland’s AIB fined record 97 million euros for mortgage overcharging
Date: June 23, 2022
DUBLIN (Reuters) -Ireland’s AIB and its EBS subsidiary have been fined a record 96.7 million euros ($101.6 million) by the country’s central bank for overcharging customers denied mortgages that track base rates. The fine was more than twice the highest previous penalty levied on any institution and brought to 178 million euros the amount all...
Ukraine’s Zelenskiy looks to EU offer as Russia pounds cities
Date: June 23, 2022
By Pavel Polityuk and Vitalii Hnidyi KYIV/KHARKIV, Ukraine (Reuters) -Ukraine’s President Volodymyr Zelenskiy on Wednesday hailed the European Union’s expected offer of candidate status for his battle-weary nation, as Russian forces pounded Ukraine’s second-biggest city Kharkiv and the eastern Donbas region. European leaders will formally set Ukraine on the long road to EU membership at...