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Banks may have to jettison old tech to be reliable, says Bank of England
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Factbox-What are the findings from a report into lockdown parties in Downing Street?
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IAEA at ‘very difficult juncture’ with Iran on unanswered questions
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Russian parliament scraps age limit for army recruits
EU cracks widen over Ukraine as Italy, Hungary urge truce
Date: May 25, 2022
By Francesco Guarascio BRUSSELS (Reuters) – Italy and Hungary have urged the EU to call explicitly for a ceasefire in Ukraine and peace talks with Russia, putting themselves at odds with other member states determined to take a hard line with Moscow ahead of a summit next week. A draft concluding statement for the May...
Bavarian Nordic raises sales guidance after monkeypox vaccine order
Date: May 25, 2022
COPENHAGEN (Reuters) -Danish biotechnology company Bavarian Nordic on Wednesday lifted its sales outlook and now expects a smaller operating loss this year after signing a contract with an undisclosed country for the supply of its monkeypox vaccine. Bavarian shares traded up 16% at 1019 GMT and have risen more than 40% since the company announced...
Tennis-It’s like we do not exist, says Ukrainian Kostyuk
Date: May 25, 2022
By Sudipto Ganguly PARIS (Reuters) -Kyiv-born Marta Kostyuk criticised the WTA players’ council on Tuesday for failing to consult Ukrainian players on the decision to strip Wimbledon of ranking points, and branded Belarusian Victoria Azarenka’s place among the council members “ridiculous”. The men’s and women’s tennis governing bodies last week took away ranking points from...
Britain’s M&S pulls out of Russia and warns on outlook
Date: May 25, 2022
By James Davey LONDON (Reuters) -British retailer Marks & Spencer will end its franchise agreement in Russia in the coming months and joined rivals in warning about the outlook for the current year amid a worsening cost-of-living crunch. The 138-year-old clothing and food company ceased shipments in March to FiBA, its Turkish franchise partner in...
Russia ready to set up corridor for ships leaving Ukraine with food, with conditions
Date: May 25, 2022
(Reuters) – Russia is ready to provide a humanitarian corridor for vessels carrying food to leave Ukraine, in return for the lifting of some sanctions, the Interfax news agency cited Russian Deputy Foreign Minister Andrei Rudenko as saying on Wednesday. Ukraine’s Black Sea ports have been blocked since Russia sent thousands of troops into Ukraine...
‘Pay more attention’ Ethereum co-founder says of crypto crash
Date: May 25, 2022
By Jessica DiNapoli DAVOS, Switzerland (Reuters) – Ethereum’s co-founder Gavin Wood said cryptocurrency investors need to be more aware of what is backing their holdings after a market rout which wiped more than $800 billion off their value. “I would hope that people pay more attention to what is belying the currency name when they...