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Vodafone shares edge up after UAE stake buy provides support
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Big Oil gets investor reprieve as energy worries trump climate concerns
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REE Automotive to build commercial EV plant in UK’s Coventry
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Germany to reject EU green investment label for nuclear power
Turkey’s FLO in talks to take over Reebok’s stores in Russia – chairman
Date: May 16, 2022
By Ceyda Caglayan ISTANBUL (Reuters) – Turkish shoe retailer FLO Magazacilik is in talks to buy more than 100 stores owned by fitness brand Reebok in Russia, FLO Chairman Mehmet Ziylan said on Monday, as Western companies rush to comply with sanctions over the Ukraine conflict. Ziylan said a deal had not been finalised, denying...
Sri Lanka down to last day of petrol, PM tells crisis-hit nation
Date: May 16, 2022
By Alasdair Pal and Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka’s new prime minister said on Monday the crisis-hit nation was down to its last day of petrol, as the country’s power minister told citizens not to join the lengthy fuel queues that have galvanised weeks of anti-government protests. Ranil Wickremesinghe, appointed prime minister on Thursday,...
Dollar firm at 2-decade highs as Aussie, yuan sink
Date: May 16, 2022
By Saikat Chatterjee LONDON (Reuters) – The Australian dollar and the Chinese yuan came under pressure from weak Chinese economic data on Monday, while the U.S. dollar consolidated gains near a 20-year peak. Comments by ECB policymaker Francois Villeroy de Galhau that the euro’s weakness could threaten the European Central Bank’s efforts to steer inflation...
Tokyo COVID curbs declared illegal in “Kill Bill” restaurant case
Date: May 16, 2022
By Rocky Swift TOKYO (Reuters) – Japan’s “Kill Bill” restaurant operator prevailed in a court case on Monday that declared Tokyo’s now defunct COVID-19 infection curbs were illegal. The orders, enacted in the capital during various states of emergency, included shortened operating hours and a ban on alcohol sales, though there was a compensating government...
U.S. could ratify Finnish NATO membership before August, Senate Republican leader says
Date: May 16, 2022
HELSINKI (Reuters) -The U.S. Congress will seek to ratify Finland’s application to join the Western military alliance NATO before going on holiday in August, U.S. Senate Republican leader Mitch McConnell said in Helsinki after meeting with Finland’s President Sauli Niinisto. Canada, NATO’s other North American ally, also promised a quick ratification. “Certainly we hope to...
New development strategy to better target aid, says Britain
Date: May 16, 2022
LONDON (Reuters) – Britain will try to better direct its aid budget to nations to help foster economic growth, offering an alternative route away from what London calls “malign actors” by instead dealing directly with countries. Since leaving the European Union, Britain has wanted to better flex its diplomatic muscle on the international stage, hoping...