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ECB policymakers push for quick monetary policy normalisation
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Move over: The women steering India’s electric vehicle drive
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Oceans are hotter, higher and more acidic, climate report warns
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Hungary looks to boost domestic ownership in more key sectors -minister
Russia to service foreign debt in roubles if other options blocked -finance minister
Date: May 18, 2022
(Reuters) – Russia will service its external debt obligations in roubles if the United States blocks other options and will not call itself in default, Finance Minister Anton Siluanov said. Washington is considering blocking Russia’s ability to pay its U.S. bondholders by allowing a key waiver to expire on May 25, which could take Moscow...
UK inflation hits 40-year high of 9.0%, squeezing households harder
Date: May 18, 2022
By Andy Bruce and William Schomberg LONDON (Reuters) -British inflation surged last month to its highest annual rate since 1982, pressuring finance minister Rishi Sunak to offer more help for households and the Bank of England to keep raising interest rates despite a risk of recession. Consumer price inflation hit 9% in April, the Office...
Experian posts stronger profit but inflation hits growth outlook
Date: May 18, 2022
By Sinchita Mitra (Reuters) – Experian posted a 34% jump in full-year pre-tax profit on Wednesday, but the world’s largest credit data firm gave a softer organic revenue growth outlook as demand for lending data is likely to fall as rising inflation hits consumer spending. The Dublin-based firm projected organic revenue growth of 7%-9% for...
Qatar to invest $5 billion in Spain’s EU-funded recovery, Emir says
Date: May 18, 2022
MADRID (Reuters) -Qatar’s $300 billion sovereign wealth fund plans to invest $5 billion in Spanish projects, the Gulf state’s ruler said late on Tuesday at a dinner held in his honour in Madrid. Spain’s Prime Minister Pedro Sanchez said on Tuesday that Emir Sheikh Tamim bin Hamad Al-Thani told an audience at a dinner held...
Royal wardrobe: a look at Queen Elizabeth’s unique fashion style
Date: May 18, 2022
By Sarah Mills and Marie-Louise Gumuchian LONDON (Reuters) – From diplomatic dressing and priceless jewels, bold block colours and pearls to tweed and a headscarf – Britain’s Queen Elizabeth is known for her unique wardrobe and style. Brightly coloured outfits with matching hats and umbrella trim, black pumps and her omnipresent handbag have become staples...
Air France-KLM agrees cargo deal with French shipping firm CMA CGM
Date: May 18, 2022
By Tim Hepher and Gus Trompiz PARIS (Reuters) -French shipping firm CMA CGM will take a stake in Air France-KLM as part of an air cargo partnership, betting on growing demand for flying goods around the world as supply chains remain snarled in the wake of the pandemic. CMA CGM will take up to 9%...