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Explainer-Why is there a worldwide oil-refining crunch?
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Friday’s Russell rebalance may stoke more volatility in nervous stock market
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Ukraine and Russia: What you need to know right now
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UK’s biggest rail strike in 30 years disrupts travel, PM Johnson vows to stay firm
Britain backs offering monkeypox vaccine to at-risk men
Date: June 21, 2022
By Natalie Grover LONDON (Reuters) -British authorities are recommending gay and bisexual men at higher risk of exposure to monkeypox should be offered a vaccine, as the outbreak of the viral disease gathers pace mostly in Europe. Although anyone can contract monkeypox, data from the outbreak suggests the majority of transmission is occurring within the...
Germany sets out ways to cut gas usage amid Russia supply crunch
Date: June 21, 2022
By Vera Eckert and Ludwig Burger FRANKFURT (Reuters) -Germany’s energy regulator on Tuesday outlined plans to cut industrial gas usage to try to avert disruption of critical industries if Russia reduces gas supplies further. The plans, which the Economy Ministry had said on Sunday would be announced soon, include a tender bidding system to start...
French central bank cuts growth outlook, sees higher inflation
Date: June 21, 2022
PARIS (Reuters) – France’s economy will slow more than expected this year due to the current energy price shock, while inflation will climb higher than previously expected, the central bank said on Tuesday. The euro zone’s second-biggest economy was set to grow 2.3% this year, before slowing to 1.2% in 2023 and picking up to...
Euronext takes first step to a European clearing house
Date: June 21, 2022
By Huw Jones LONDON (Reuters) – Euronext said on Tuesday it has changed how it calculates risk in government bond trades in the first step of what it hopes will transform the European exchange into a regional clearing house on par with rivals like the London Stock Exchange and Deutsche Boerse. Euronext bought the Milan...
Switzerland imported Russian gold in May for first time since Ukraine attack
Date: June 21, 2022
LONDON (Reuters) – Switzerland imported gold from Russia in May for the first time since the Kremlin sent troops into Ukraine in February, Swiss customs data showed on Tuesday. Switzerland is the world’s biggest refining and transit centre for gold and Russia is one of the biggest bullion producers. Western sanctions on Russia have not...
Britain relaxes airport slot rules to help avoid cancellations
Date: June 21, 2022
LONDON (Reuters) -Britain on Tuesday said it had temporarily relaxed rules around airport slots to allow airlines to devise realistic flight schedules and avoid last minute cancellations in light of staff shortages. A spate of flight cancellations has caused widespread disruption for holidaymakers and served as an ominous omen for the summer, with transport minister...