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Nike not renewing franchise agreements in Russia – newspaper
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Sri Lanka’s prime minister takes on crucial finance ministry portfolio
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Europe, Asia gas buyers switching to long-term supplies to beat volatile prices
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S.Korean Naver’s robotics ambitions challenged by 5G on-the-ground realities
Ukraine’s embattled farmers running on empty as world faces food crisis
Date: May 25, 2022
By Gus Trompiz and Bozorgmehr Sharafedin PARIS/LONDON (Reuters) – After making it through the spring planting season, sometimes with the help of bulletproof vests and helmets, Ukraine’s farmers are facing another challenge – finding enough diesel for the harvest to come. The war with Russia cut fuel supplies just as farmers stepped up work for...
Ukraine looks for ways to get its grain out
Date: May 25, 2022
By Pavel Polityuk and Silvia Aloisi KYIV (Reuters) -Ukraine is seeking ways to get grain and vegetable oils out of the country by breaking a months-long blockade of the Sea of Azov and the Black Sea by the Russian navy and moving more by land. The war, together with Western sanctions against Russia, have sent...
Russian oil’s Achilles’ heel: insurance
Date: May 25, 2022
By Jonathan Saul, Nidhi Verma, Yuka Obayashi and Carolyn Cohn LONDON/NEW DELHI/TOKYO (Reuters) – Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens to throw a spanner in the works unless Moscow and its customers can plug a gap left by Western underwriters. Insurers...
Beijing ramps up COVID quarantines, Shanghai residents decry uneven rules
Date: May 24, 2022
By Ryan Woo and Engen Tham BEIJING/SHANGHAI (Reuters) -Beijing stepped up quarantine efforts to end its month-old COVID outbreak as fresh signs of frustration emerged in Shanghai, where some bemoaned unfair curbs with the city of 25 million preparing to lift a prolonged lockdown in just over a week. Even as China’s drastic attempts to...
Russia has not seen Italian peace plan for Ukraine
Date: May 24, 2022
(Reuters) – Russia has not yet seen an Italian peace plan for Ukraine, but hopes to receive it through diplomatic channels, Kremlin spokesperson Dmitry Peskov said on Tuesday. Italian Foreign Minister Luigi Di Maio gave the broad outlines of the plan last week and said that he had discussed it with United Nations Secretary General...
UK retailers report average sales in May, gloomy outlook
Date: May 24, 2022
LONDON (Reuters) – British retailers reported a normal level of sales for the time of year, defying economists’ expectations for renewed weakness, but were the most downbeat about the outlook since November 2020, the Confederation of British Industry said on Tuesday. The CBI’s monthly retail sales balance rebounded to -1 in May from -35 in...