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Surge in euro zone wages may be less than meets the eye
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Uber donates app to World Food Programme to use in Ukraine
Insurers need to do more to prepare for climate change, BoE says
Date: June 8, 2022
By Carolyn Cohn and Huw Jones LONDON (Reuters) -Insurers need to plug data gaps to be better prepared for the impact of climate change on their operations and further work may be needed on how much capital they should hold, the Bank of England (BoE) said on Wednesday. The BoE has just published the outcome...
Yen tumbles against euro as central bank policy diverges
Date: June 8, 2022
By Samuel Indyk LONDON (Reuters) – The euro hit a seven-year peak against the yen on Wednesday, getting a lift after an upward revision to first quarter growth and ahead of a European Central Bank meeting on Thursday that is likely to pave the way for rate hikes later in the year. The ECB is...
Traders price in 75 bps of ECB rate hikes by September
Date: June 8, 2022
By Yoruk Bahceli (Reuters) -Money markets ramped up their bets on European Central Bank (ECB) interest rate rises on Wednesday to price in 75 basis points (bps) of hikes by September. With the bank largely expected to start rises in July and move in 25-bp increments, the pricing implies traders now expect its hikes to...
Moscow’s chief rabbi leaves Russia amid pressure to back war in Ukraine
Date: June 8, 2022
(Reuters) – Moscow’s chief rabbi has left Russia after coming under pressure to support its invasion of Ukraine, according to a relative. Swiss-born Pinchas Goldschmidt had served as Moscow’s chief rabbi since 1993, while also heading a large European rabbinical group. “Can finally share that my in-laws, Moscow Chief Rabbi @PinchasRabbi @Rebbetzin Dara Goldschmidt, have...
Russian army base sees scramble for Ukraine war supplies, some locals and soldiers say
Date: June 8, 2022
(Reuters) – The town of Valuyki in western Russia has become a crucial staging post in the latest phase of Russia’s war over the nearby border in Ukraine. Throughout last month, helicopters buzzed overhead, military vehicles clogged the roads, and soldiers prepared for combat at a huge military base there. It’s also a place where soldiers’...
Generali tensions reignited by vacant board seat dilemma
Date: June 8, 2022
MILAN (Reuters) -The candidate to replace entrepreneur Francesco Gaetano Caltagirone on the board of Italy’s Generali has turned down the position, potentially opening the way for one of Caltagirone’s defeated leadership candidates to take up the role. Caltagirone, Generali’s second-largest shareholder, quit the board last month, opening a new chapter in a long-standing shareholder dispute....