top-stories
Top Stories
Factbox-Companies sell their businesses in Russia
Top Stories
Bitcoin back below $30,000; European regulators renew crypto warnings
Top Stories
ECB’s Villeroy: overly weak euro could threaten inflation goal
Top Stories
Snowless Davos readies new face for World Economic Forum meeting
Biden sends all-star team to UAE, aiming to repair frayed ties
Date: May 16, 2022
By Humeyra Pamuk ABU DHABI (Reuters) – President Joe Biden is sending an all-star U.S. delegation to the United Arab Emirates on Monday to offer condolences after the death of its ruler, in an apparent bid to step up efforts to repair frayed ties with Gulf Arab allies. Washington’s desire to improve ties with Gulf...
Economists sound the alarm over UK’s post-Brexit finance plans
Date: May 16, 2022
LONDON (Reuters) – More than 50 economists warned on Monday that Britain’s post-Brexit plans to boost the competitiveness of its huge finance industry risked creating the kind of problems that led to the global financial crisis. The government, seeking to use its “Brexit freedoms”, announced this month that it would require regulators to help the...
Worsening global risk sentiment knocks sterling
Date: May 16, 2022
By Joice Alves LONDON (Reuters) – Sterling fell on Monday as weak Chinese economic data added pressure on risky currencies, while investors scaled down their expectations for Bank of England interest rate rises this year. Risk-sensitive sterling has fallen 10% against the dollar this year as the war in Ukraine, rising inflation, poor domestic economic...
Euro zone trade plunges into record deficit in March on energy
Date: May 16, 2022
BRUSSELS (Reuters) – Euro zone trade balance swung into a record deficit in March, data showed on Monday, on surging costs of imported energy. The European Union’s statistics office Eurostat said the 19 countries sharing the euro recorded a trade deficit, unadjusted for seasonal swings, of 16.4 billion euros in March compared to a 22.5...
Ukraine war to slash euro zone 2022 growth, boost inflation -EU
Date: May 16, 2022
By Jan Strupczewski BRUSSELS (Reuters) -Russia’s invasion of Ukraine and the resulting surge in energy and commodity prices will slash euro zone economic growth this year and next, while boosting inflation to record levels, the European Commission forecast on Monday. The Commission cut its growth forecast for the 19 countries sharing the euro to 2.7%...
Ex-Somali leader Mohamud wins presidency to face war and drought
Date: May 16, 2022
By Abdi Sheikh MOGADISHU (Reuters) -Former Somali leader Hassan Sheikh Mohamud won the presidency again in voting by parliamentarians on Sunday in an airport hangar protected by blast walls from Islamist insurgents whom he must now fight for a second time. The 66-year-old, who ruled from 2012 to 2017, reversed the previous election to defeat...