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Factbox-Europe seeks to restart magnesium output after two decades
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U.S.’ Pelosi warns Britain: No trade deal unless you respect N.Irish peace deal
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Exclusive-Europe aims to revive magnesium output by 2025 to cut China reliance
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BlackRock’s iShares to close MSCI Russia, eastern Europe funds due Ukraine
Ex-Bank of England governor King says central banks share blame for inflation
Date: May 20, 2022
By David Milliken LONDON (Reuters) – Former Bank of England Governor Mervyn King said on Friday that central banks including the BoE are to blame for the current surge in inflation to its highest in 40 years, after doing too much quantitative easing during the pandemic. King headed Britain’s central bank from 2003 to 2013,...
EU lawmakers move to block green investment label for gas and nuclear
Date: May 20, 2022
By Kate Abnett BRUSSELS (Reuters) – European Union lawmakers will attempt to block a plan to label gas and nuclear energy as sustainable investments as Europe wrestles with reducing its carbon dioxide emissions to address climate change. The European Commission, which is the EU executive, this year proposed including gas and nuclear in the bloc’s...
Britain’s Nationwide warns inflation surge could dent house prices
Date: May 20, 2022
By Lawrence White and Iain Withers LONDON (Reuters) – Nationwide Building Society said on Friday rocketing inflation could send British house prices into reverse, in one of the clearest warnings yet that the deepening cost of living crisis could bring the country’s housing boom to an end. British lenders have benefitted from a buoyant housing...
Cost of living crisis to shut the door on bumper UK house price rises: Reuters poll
Date: May 20, 2022
By Jonathan Cable LONDON (Reuters) – British home prices will rise further over the next few years but a cost of living crisis coupled with increasing mortgage rates will keep the pace in check, a Reuters poll of housing market experts found. The Bank of England was the first major central bank to raise interest...
Poland interested in trans-shipping LNG through Portugal
Date: May 20, 2022
WARSAW (Reuters) -Poland would be interested in cooperating with Portugal on potential LNG trans-shipping, Prime Minister Mateusz Morawiecki said on Friday, adding that gas could be sent to other countries to help them cut their dependence on Russia. Following Russia’s invasion of Ukraine, the European Union has been scrambling to find alternatives to Russian gas...
Struggling in Ukraine, Russia paves way to sign up over-40s for army
Date: May 20, 2022
By Mark Trevelyan LONDON (Reuters) – In a sign of Russia’s urgent need to bolster its war effort in Ukraine, parliament said on Friday it would consider a bill to allow Russians over 40 and foreigners over 30 to sign up for the military. The website of the State Duma, parliament’s lower house, said the...