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Latvia wants more NATO troops, fed up of “paying for lunch for the others”
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EDF hopeful end in sight for long-delayed, budget-busting nuclear plant
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Ferrari says going electric means ‘even more unique’ cars
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UK condemns court decision to block Rwanda deportation, will not leave convention
Top producer Russia thwarts move to redefine ‘conflict diamonds’
Date: June 16, 2022
By Helen Reid JOHANNESBURG (Reuters) – Russia, supported by Belarus, Central African Republic, Kyrgyzstan and Mali, has torpedoed a Western-backed proposal to discuss whether its diamonds are funding war ahead of an international conflict diamond meeting in Botswana, letters seen by Reuters show. The rift in the Kimberley Process (KP), which certifies rough diamond exports,...
Russia needs export rethink but no capital controls, central bank chief says
Date: June 16, 2022
(Reuters) -Russia needs to rethink the contours of its export-dependent economy to ensure that industry works for the domestic market but most capital controls should be scrapped, Central Bank Governor Elvira Nabiullina said on Thursday. Nabiullina, speaking at Russia’s flagship annual economic conference in St. Petersburg, said that a “substantial part” of Russian industry should...
Online fashion retailers ASOS, Boohoo weighed down by returns
Date: June 16, 2022
By James Davey and Paul Sandle LONDON (Reuters) -British online fashion retailers ASOS and Boohoo cautioned on Thursday that they are being hurt by rising product returns as consumers battle inflation and shift to pre-pandemic behaviour, hammering their shares. ASOS shares slumped 29% by 1049 GMT after it warned it would miss profit forecasts due...
London Stock Exchange pours cold water on merging listing segments
Date: June 16, 2022
By Huw Jones LONDON (Reuters) – Compressing Britain’s two company listing segments to attract more tech firms could put an existing “gamechanger” at risk, a top London Stock Exchange official said on Thursday. Britain wants to use its post-Brexit flexibility in financial rulemaking to compete better with New York in company listings, and is trying...
Several Macron ministers face nerve-wracking parliamentary run-off
Date: June 16, 2022
By Elizabeth Pineau PARIS (Reuters) – French President Emmanuel Macron has issued a warning to his ministers running for a seat in the National Assembly: If you fail, you lose your place in the cabinet. Three days ahead of the run-off vote in France’s parliamentary election, three ministers in particular will be sweating over their...
Exclusive-Barclays veteran trader Nat Tyce to leave bank – memo
Date: June 16, 2022
By Sinead Cruise and Andres Gonzalez LONDON (Reuters) -Barclays Head of Macro Trading for EMEA and Asia Pacific, Nat Tyce, is leaving after more than 25 years, a staff memo seen by Reuters shows, after transforming the trading unit into one of the bank’s highest-flying divisions. The memo, which was signed by the bank’s macro...