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DHL exec says China lockdowns will hit supply chains more than Ukraine war
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Does the Commonwealth have a future after Queen Elizabeth?
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Long fuel queues persist in Sri Lanka despite scramble to deliver supplies
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Germans are suffering large cuts in real pay – Bundesbank report
UK CEO pay rebounds, gap widens with workers – report
Date: May 23, 2022
LONDON (Reuters) – British chief executives’ pay is on track to exceed their employees’ median earnings by more than before the COVID-19 pandemic as profits and executive bonuses rebound, a report from Britain’s High Pay Centre showed on Monday. The ratio of executive pay to median earnings had fallen sharply during the COVID-19 pandemic, due...
Poland ends deal to receive Russian gas after rouble dispute
Date: May 23, 2022
By Marek Strzelecki WARSAW (Reuters) – Poland said on Monday it had terminated its agreement with Russia to receive Russian gas via the Yamal pipeline, after Warsaw rejected a demand to pay for the fuel in roubles and Moscow responded by cutting off supplies in April. Polish Climate Minister Anna Moskwa, who announced the decision...
One war, two worlds: Ukraine neighbours face shelling with defiance or despair
Date: May 23, 2022
By Jonathan Landay SLATYNE, Ukraine (Reuters) -The only 10 residents left in the Commune, an apartment complex in the eastern Ukraine town of Slatyne, share the hardships of Russia’s invasion, from relentless shellfire and exploding rounds to a lack of power and running water. But the inhabitants of two of the blocks, which sit barely...
Kremlin says West triggered global food crisis with sanctions
Date: May 23, 2022
LONDON (Reuters) – The Kremlin said on Monday that the West had triggered a global food crisis by imposing the severest sanctions in modern history on Russia over the war in Ukraine. The war – and the West’s attempt to isolate Russia as punishment – have sent the price of grain, cooking oil, fertiliser and...
UK regulators plan tougher rules for money market funds
Date: May 23, 2022
By Huw Jones LONDON (Reuters) -Britain’s financial regulators aim to toughen-up rules for money market funds (MMF) after central banks had to intervene when economies went into lockdown during the COVID-19 pandemic. The $8.8 trillion global MMF sector is widely used by companies for managing cash balances and typically offers daily redemptions even though it...
Credit Agricole Italy interested in Banco BPM’s insurance business
Date: May 23, 2022
MILAN (Reuters) -Credit Agricole Italy is interested in investing in the insurance activities of Banco BPM, the French banking group’s Italy head said on Monday. Banco BPM has exercised a call option to gain full ownership of its insurance joint-venture with France’s COVEA, in line with a strategy to bring insurance operations in house. However,...