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Commerzbank, UniCredit rise even as reported M&A talks fizzle
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Investor hedges drive ECB rate hike bets beyond forecasts
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World in no better place to fight pandemics than before COVID – review
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Russia expels 85 diplomats from France, Spain and Italy
Spain’s economy could grow around 4% in 2022, central bank says
Date: May 18, 2022
By Jesús Aguado and Emma Pinedo MADRID (Reuters) -The Spanish economy could grow around 4% in 2022, half a percentage point less than expected in April, as rising inflation hurts consumer confidence and international trade slows, the Bank of Spain said on Wednesday. The lower envisaged growth rate would bring it in line with the...
Morgan Stanley sees Ukraine GDP slump by 60% in 2022 if “no clear resolution”
Date: May 18, 2022
LONDON (Reuters) – Morgan Stanley said on Wednesday Ukraine’s economy could slump as much as 60% year-on-year in 2022 in case of a “more prolonged conflict with no clear resolution” following Russia’s invasion. The bank considers this would be the worst case scenario, which included Ukraine losing access to the Black Sea in the south....
Portugal’s central bank opens its vaults for rare glimpse of gold bars
Date: May 18, 2022
By Sergio Goncalves and Pedro Nunes LISBON (Reuters) – Portugal’s central bank has opened up its heavily guarded vaults in a small commuter town near Lisbon, giving a rare glimpse of where some of the country’s gold reserves are kept. The 67,000 square metre compound in Carregado houses an ultra-secure vault where 45% the Bank...
Turkey’s Erdogan links Sweden NATO bid to return of ‘terrorists’
Date: May 18, 2022
By Nevzat Devranoglu and Ali Kucukgocmen ANKARA (Reuters) -President Tayyip Erdogan said on Wednesday Sweden should not expect Turkey to approve its NATO bid without returning “terrorists”, and Swedish and Finnish delegations should not come to Turkey to convince it to back their membership in the alliance. Earlier, Finland and Sweden formally applied to join...
EU makes plans to tackle energy price spikes, any Russian gas cut-off
Date: May 18, 2022
BRUSSELS (Reuters) – The European Union can limit the impact of high energy prices through joint gas purchases, potential use of windfall profits and a possible price cap if Russia cut gas supplies, the European Commission said on Wednesday. European energy prices hit record highs this year after the invasion of Ukraine by Russia, Europe’s...
Bhutan looks to taxis to jump-start stalled electric vehicle push
Date: May 18, 2022
By Namkhai Norbu THIMPHU (Thomson Reuters Foundation) – As night sets in, Dorji Wangchuk plugs his electric car into a charging station, then starts thumbing his rosary and mumbling prayers while he waits the half hour before he can continue driving his taxi around Bhutan’s capital, Thimphu. He swapped his petrol taxi for an electric...