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Euro zone May business growth robust but outlook darkens -PMI
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French service sector growth weakened in May – final PMI
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Italy May service sector growth eases slightly – PMI
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Spain’s services activity slows in May, though jobs rise -PMI
Test makers target monkeypox market as cases surge
Date: June 3, 2022
By Natalie Grover LONDON (Reuters) – Diagnostic companies are racing to develop tests for monkeypox, hoping to tap into a new market as governments ramp up efforts to trace the world’s first major outbreak of the viral infection outside of Africa. The scramble started last month, much like early 2020 when companies rushed to make...
Ukraine’s Zelenskiy eyes ‘inflection point’ in war as Russia tightens grip on key target
Date: June 2, 2022
By Pavel Polityuk and Max Hunder KYIV (Reuters) – Russia tightened its grip on a key target in a battle for control of Ukraine’s eastern Donbas region while President Volodymir Zelenskiy pleaded for more Western arms to help Ukraine reach an “inflection point” and prevail in the war. Zelenskiy told Luxembourg’s parliament via videolink on...
Developing world should reap benefits of new monkeypox research, experts urge
Date: June 2, 2022
By Natalie Grover and Mrinalika Roy LONDON (Reuters) – As cases of monkeypox in wealthier Western nations spark a flurry of scientific research to combat the outbreak, scientists are urging the world to make sure lower-income nations benefit from the fruits of that labor as well. More than 550 confirmed cases of monkeypox have been...
Poland’s PKN Orlen, Lotos managements approve merger plan
Date: June 2, 2022
GDANSK/WARSAW (Reuters) -Poland’s biggest oil refiner PKN Orlen and number two player Grupa Lotos said on Thursday their management boards had approved plans for a merger first announced in 2018 but delayed by antitrust issues. Both refiners are state controlled and the merger is part of a wider plan by Poland’s ruling Law and Justice...
U.S. Interior must weigh climate impacts of oil, gas leasing – settlement
Date: June 2, 2022
By Valerie Volcovici WASHINGTON (Reuters) – The Biden administration must thoroughly analyze the climate impacts of oil and gas leasing on nearly 4 million acres (1.6 million hectares) of federal land in five states before drilling can take place, according to legal settlements reached late Wednesday. The requirement comes after Judge Rudolph Contreras of the...
A coming crypto storm for central banks? Focus on digital money intensifies
Date: June 2, 2022
By Howard Schneider NEW YORK (Reuters) – Digital money, a curiosity just a few years ago, is emerging as an intense concern among central banks with the potential to erode the power of monetary policy, and even in the best of worlds likely to make control of interest rates more difficult, according to new Federal...