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Russian soldier in Ukraine war crimes trial says he did not want to kill
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EU leaders to agree to set up Ukraine reconstruction fund, vague on detail
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Ukraine apartment residents suffer war in different ways
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Exclusive-Danone ramps up U.S. baby formula shipments to address shortage
Computer chip giant ASML places big bets on a tiny future
Date: May 20, 2022
By Toby Sterling VELDHOVEN, Netherlands (Reuters) – ASML, a semiconductor industry and stock market giant, has to think smaller. Or maybe bigger. It is building machines the size of double-decker buses, weighing over 200 tonnes, in its quest to produce beams of focused light that create the microscopic circuitry on computer chips used in everything...
Hungary’s OTP to step up lending to farmers in war-torn Ukraine
Date: May 20, 2022
By Gergely Szakacs BUDAPEST (Reuters) – OTP Bank will step up lending to Ukraine’s farmers this year under a Kyiv-backed programme to help them overcome financing problems due to the Russian invasion, an executive at the Hungarian bank told Reuters. Central Europe’s largest independent lender, which is also present in Russia, has started scaling back...
Take Five: Surging inflation, recession risk and tanking markets
Date: May 20, 2022
(Reuters) – Central banks are wrestling with inflation and sliding stocks are feeling the heat, leaving investors to ponder just where the so-called “Fed put” has gone. Meeting minutes from the world’s foremost policy makers may shed some light, while New Zealand and South Korean central banks ponder how big their rate hikes need to...
After Winter Olympics, China retreats from sports hosting amid ‘zero-COVID’ policy
Date: May 20, 2022
By Ian Ransom (Reuters) – A few months after holding a Winter Olympics as memorable for its extreme anti-COVID-19 measures as the competition, China has all but given up hosting international sporting events while it battles fresh outbreaks around key cities. On Sunday, China surrendered hosting rights for next year’s Asian Cup, the continent’s top...
Britain says Russia likely to reinforce operations in Donbas
Date: May 20, 2022
(Reuters) – Russia is likely to reinforce its operations in the industrial Donbas region once they secure the city of Mariupol, British military intelligence said early on Friday. As many as 1,700 soldiers are likely to have surrendered at the Azovstal steel factory in Mariupol, the report added. Moscow also said on Thursday that 1,730...
Sterling set for its biggest weekly rise since Dec 2020 vs dollar
Date: May 20, 2022
(Reuters) – Sterling was set for its biggest weekly gain since December 2020 against a weakening dollar on Friday as the latest economic data suggested the market might not need to scale back much further its expectations for Bank of England rate hikes. The U.S. dollar was headed for its worst week since early February,...