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U.S. plans new trade pact with ‘like-minded partners,’ says senior official
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British Virgin Islands agrees to reforms, avoiding UK rule for now
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Moderna says Omicron-targeted COVID shot shows better response
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An ECB quandary: the hunt for a neutral euro zone interest rate
Telefonica to offer employees four-day work week, widening pilot project
Date: June 8, 2022
MADRID (Reuters) – Spanish telecom giant Telefonica will offer its employees the opportunity to work a four-day week, extending a pilot programme that has involved around 150 workers so far, three sources familiar with the matter said on Wednesday. In exchange for a 12% pay cut, the deal would let staff work four days, or...
Exclusive-EU’s Breton tells Hungary to suspend discriminatory fuel prices – EU document
Date: June 8, 2022
By Foo Yun Chee BRUSSELS (Reuters) – EU industry chief Thierry Breton on Wednesday told Hungary to suspend discriminatory fuel pricing against vehicles with foreign licence plates or risk being taken to court, according to a European Commission letter seen by Reuters. The move marks yet another area of discord between the European Commission and...
Czech central bank choices offer no carte-blanche for dovish governor
Date: June 8, 2022
By Jan Lopatka and Robert Muller PRAGUE (Reuters) -The Czech president has filled three seats on the central bank’s board with economists who are likely to ease market worries about a sharp dovish swing after the current board raised interest rates to tame the highest inflation in nearly three decades. The appointments to the Czech...
Bulgaria’s ITN party exits coalition government
Date: June 8, 2022
SOFIA (Reuters) – Bulgaria’s populist party There Is Such a People (ITN) will exits the four-party ruling coalition that took office in December, taking its four ministers out of the government, its leader Slavi Trifonov said on Wednesday in a video statement on his Facebook page. Trifonov said his party did not agree with the...
StanChart CEO sees shallow and short recession by early 2023
Date: June 8, 2022
By Divya Chowdhury MUMBAI (Reuters) – Standard Chartered Chief Executive Bill Winters expects central banks’ fight against surging inflation, driven by structural cost pressures such as wage growth, to result in a “relatively shallow and short” recession by early next year. “I think central banks have to take this inflation problem head on,” Winters told...
Paula Rego, ground-breaking artist who championed women’s rights, dead at 87
Date: June 8, 2022
By Catarina Demony LISBON (Reuters) – Portuguese artist Paula Rego, who challenged gender stereotypes and denounced abuses of power in often visceral paintings infused with sombre fantasies and magic realism, died in London on Wednesday at the age of 87 after a short illness. “Portuguese culture has lost one of its most important and irreverent...