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Factbox-European energy alternatives after Nord Stream 1 gas flows drop
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Putin asserts strong, sovereign Russia against sanctions ‘blitzkrieg’
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IG Metall questions VW plant in China’s Xinjiang province
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Russian gas to Europe falls short as heatwave drives demand
Elon Musk’s SpaceX fires at least five over critical letter
Date: June 17, 2022
By Joey Roulette and Eric M. Johnson (Reuters) -Private rocket company SpaceX fired at least five employees after it found they had drafted and circulated a letter criticizing founder Elon Musk and urging executives to make the firm’s culture more inclusive, two people familiar with the matter said. SpaceX did not immediately respond to a...
Garuda Indonesia wins creditors’ approval for $9 billion restructuring
Date: June 17, 2022
By Stefanno Sulaiman JAKARTA (Reuters) – Garuda Indonesia’s proposal for restructuring its more than $9 billion debt won the approval on Friday from the vast majority of the airline’s creditors, court officials said, staving off the risk of bankruptcy at the embattled flag carrier. More than 95% of creditors who attended Friday’s vote on the...
BNP Paribas approached Dutch state to buy ABN, source says
Date: June 17, 2022
BRUSSELS (Reuters) – French lender BNP Paribas signalled to the Dutch government an interest in taking over state-owned bank ABN Amro, a deal the finance ministry is not pursuing for now, a person with knowledge of with the matter said on Friday. An earlier report on the approach by Bloomberg News sent ABN Amro shares...
WikiLeaks’ founder Assange vows to fight extradition from UK to United States
Date: June 17, 2022
By Michael Holden LONDON (Reuters) – The wife of Julian Assange vowed to fight using every possible legal avenue after British Home Secretary Priti Patel on Friday approved the WikiLeaks’ founder’s extradition to the United States to face criminal charges. Assange is wanted by U.S. authorities on 18 counts, including a spying charge, relating to...
UK’s Sunak hardens attitude to BoE’s Bailey as inflation roars
Date: June 17, 2022
By Andy Bruce LONDON (Reuters) – British finance minister Rishi Sunak has toughened his language towards Bank of England Governor Andrew Bailey, a reflection of the political pressure piling on them both as inflation surges towards double digits. On Thursday the BoE stuck to its gradual increases in interest rates, as other central banks took...
Tesco says Britons buying less and trading down to navigate inflation
Date: June 17, 2022
By James Davey LONDON (Reuters) – Britons are buying less, switching to cheaper products and shopping more often as they try to cope with soaring inflation, supermarket giant Tesco said on Friday, describing the market environment as “incredibly challenging”. Pessimism weighing on Britain’s households has hit unprecedented levels, as wages struggle to keep pace with...