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Italy studies multi-billion euro package to cut taxes on wages, curb energy costs
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China meeting a step in effort to develop lines of communication – Pentagon chief
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European defence industry co-operation must be enhanced – France’s Macron
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BoE to raise rates 25 bps in June, stick to slow pace in coming months: Reuters Poll
Dutch economic growth grinds to halt as energy prices soar – central bank
Date: June 13, 2022
AMSTERDAM (Reuters) – Economic growth in the Netherlands will come to a halt for most of the year as energy prices and overall inflation soar due to Russia’s war in Ukraine, the Dutch central bank (DNB) said on Monday. Growth of the euro zone’s fifth largest economy will slow to 2.8% this year and 1.5%...
Ukraine and Russia: What you need to know right now
Date: June 13, 2022
(Reuters) – Ukrainian defenders were fighting fiercely for “every metre” of Sievierodonetsk, President Volodymyr Zelenskiy said, as Russian forces destroyed a bridge to another city across the river, leaving stranded civilians with just one way out. FIGHTING * Luhansk Governor Serhiy Gaidai said: “About 500 civilians remain on the grounds of the Azot plant in...
Cryptocurrency market value slumps under $1 trillion
Date: June 13, 2022
By Elizabeth Howcroft LONDON (Reuters) – The value of the cryptocurrency market on Monday fell below $1 trillion for the first time since January 2021, according to data site CoinMarketCap, reaching as low as $926 billion. The global cryptocurrency market peaked at $2.9 trillion in November 2021, but it has faltered so far this year....
World stocks near fresh 2022 lows on inflation fears
Date: June 13, 2022
By Saikat Chatterjee LONDON (Reuters) – World stocks fell towards fresh 2022 lows and the Japanese yen slid to levels not seen in nearly a quarter of a century on Monday as red-hot U.S. inflation fuelled worries about even more aggressive policy tightening in a big week for central banks. The substantially higher-than-expected U.S. CPI...
Vigna to set out Ferrari’s route into electric vehicle era
Date: June 13, 2022
By Giulio Piovaccari MILAN (Reuters) – Nine months after taking the top job, Ferrari CEO Benedetto Vigna will be expected this week to explain how the carmaker will preserve its cachet – and top tier prices – in a future of electrified cars. The Italian luxury sports carmaker is set to unveil its much awaited...
DHL raises prices for parcel deliveries, calling it unavoidable
Date: June 13, 2022
BERLIN (Reuters) – Logistics giant DHL will charge private customers more for parcel deliveries from July 1 as labour and transport costs have made price increases unavoidable, said the company on Monday. DHL, part of the Deutsche Post DHL Group, will increase the price to ship a parcel abroad by between 1 euro and 3.50...