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Umicore’s ‘all in’ bet on battery materials knocks shares
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European stocks resume selloff on sliding commodities, inflation worries
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Toyota cuts July global production plan by 50,000 vehicles
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Italy’s De Nora IPO oversubscribed despite turbulent market -bookrunner
Pope shocked by killing of Jesuit priests in Mexico
Date: June 22, 2022
VATICAN CITY (Reuters) – Pope Francis on Wednesday condemned the killing of two Jesuit priests and a lay person in Mexico, saying it was a shocking reminder of the level of violence in the country. “So many killings in Mexico,” Francis said at the end of his general audience for thousands of people in St....
Britain launches free trade talks with Gulf countries
Date: June 22, 2022
By Alistair Smout LONDON (Reuters) – Britain will launch talks over a new free trade deal with six Gulf states including Saudi Arabia on Wednesday and charities warned it not to ignore human rights in its latest bid to grow non-EU ties after Brexit. Trade minister Anne-Marie Trevelyan will visit Riyadh to begin discussions with...
Europe faces ‘scramble’ to replace dwindling Russian energy – IEA
Date: June 22, 2022
By Noah Browning BRUSSELS (Reuters) -Europe must race to replace sanctioned and curtailed Russian energy supply and should double down on efficiency and renewables, including nuclear power, the International Energy Agency (IEA) said on Wednesday. Gas prices have hit record levels as a slowdown in flows from Russia in recent days has deepened worries over...
Saudi crown prince, Erdogan to meet in Turkey with ‘full normalisation’ in sights
Date: June 22, 2022
By Orhan Coskun and Tuvan Gumrukcu ANKARA (Reuters) – Saudi Crown Prince Mohammed bin Salman visits Turkey for the first time in years on Wednesday for talks with President Tayyip Erdogan aimed at fully normalising ties that were ruptured after the murder of Saudi journalist Jamal Khashoggi. The visit marks a step in Prince Mohammed’s...
Ukraine and Russia: What you need to know right now
Date: June 22, 2022
(Reuters) – Ukraine reported renewed pressure from Russian forces in eastern Ukrainian battlegrounds on Wednesday, a day of commemoration in both countries to mark the anniversary of Hitler’s invasion of the Soviet Union in 1941. ON THE GROUND * The Russians are advancing towards the eastern Ukrainian city of Lysychansk, attacking buildings of police, state...
UK shares drop 1% as inflation spikes to 40-year high
Date: June 22, 2022
By Anisha Sircar and Boleslaw Lasocki (Reuters) – UK shares fell more than 1% on Wednesday after inflation in the country touched a 40-year-high in May, adding further pressure on the Bank of England to raise interest rates, while falling crude and metals prices sent commodity-linked stocks tumbling. The exporter-heavy FTSE 100 index fell 1.2%...