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Cheers and some jeers as Prince Harry and Meghan return to UK
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Ukrainians hold out as Russia storms eastern city on war’s 100th day
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Spain to grant more work visas to combat labour shortages
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Instant View: Elon Musk’s ‘super bad feeling’ about the economy
Australian tech billionaire takes on Elon Musk’s ‘return to office’ directive
Date: June 3, 2022
SYDNEY (Reuters) – Elon Musk got into a Twitter spat with Australia’s third-richest man on Friday over the value of putting an end to the pandemic-era habit of remote working. In an internal email this week, the Tesla Inc chief executive said “everyone at Tesla is required to spend a minimum of 40 hours in...
Irish economy shrank 1% in first three months q/q
Date: June 3, 2022
DUBLIN (Reuters) – Ireland’s domestic economy shrank by 1% quarter-on-quarter in the first three months of the year following falls in personal and government spending during a period when the economy was mostly out of COVID lockdowns, data showed on Friday. Gross domestic product (GDP), a broader measure of economic activity, grew by 10.8% on...
Burger King caught in complex legal web, thwarting Russia exit
Date: June 3, 2022
By Hilary Russ NEW YORK (Reuters) -For at least a decade, Burger King’s formula for European expansion has relied on a joint venture partnership, including a master franchisee, to open and operate new locations. But now the fast-food chain has a whopper of a problem in Russia. It hasn’t been able to exit its partnership...
Ukraine grants citizenship to top Russian journalist who denounced war
Date: June 3, 2022
(Reuters) – Ukraine has granted citizenship to prominent Russian journalist Alexander Nevzorov who fled Russia with his wife after denouncing the Kremlin’s invasion of Ukraine, a senior Ukrainian official said on Friday. Russia has been seeking the arrest of Nevzorov, accusing him of spreading false information about what Moscow portrays as its “special military operation”...
Turkish inflation soars to 73%, highest since 1998
Date: June 3, 2022
By Ezgi Erkoyun and Nevzat Devranoglu ISTANBUL (Reuters) – Turkey’s annual inflation rate jumped to a 24-year high of 73.5% in May, fuelled by the war in Ukraine, rising energy prices and a tumbling lira — though the figure was slightly lower than economists had feared. Inflation has surged since last autumn, when the lira...
Instant View: US May payrolls rise up than expected
Date: June 3, 2022
NEW YORK (Reuters) – U.S. employment increased more than expected in May, while the unemployment rate held steady at 3.6%, signs of a tight labor market that could keep the Federal Reserve’s foot on the brake pedal to cool demand. Nonfarm payrolls increased by 390,000 jobs last month, the Labor Department said on Friday. Data...