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British baker Greggs warns of increasing cost pressures
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European shares slide as weak China data stokes recession woes
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Shanghai aims for June 1 return to normal as COVID lockdown batters economy
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Turkey must keep diplomatic balance for peace talks -Erdogan adviser
UK regulator wants quarterly consumer energy price cap adjustments
Date: May 16, 2022
(Reuters) – Britain’s should adjust the price cap on energy prices paid by consumers every three months instead of every six months to better match price movements in the wholesale market, energy regulator Ofgem proposed on Monday. “Today’s proposed change would mean the price cap is more reflective of current market prices and any price...
N.Korea’s Kim orders military to stabilise supply of COVID drugs
Date: May 16, 2022
By Josh Smith and Joori Roh SEOUL (Reuters) -Leader Kim Jong Un has ordered North Korea’s military to stabilise distribution of COVID-19 medicine in the capital, Pyongyang, in the battle on the country’s first confirmed outbreak of the disease, state media said. Last week brought the North’s first acknowledgment of an “explosive” outbreak, with experts...
Analysis: European dealmakers face shrinking debt options as recession risk looms
Date: May 16, 2022
By Pamela Barbaglia and Yoruk Bahceli LONDON (Reuters) – European dealmakers are struggling to finance corporate takeovers as concern that the region’s economies may dip into recession is prompting debt investors to demand bigger rewards for the risks they’re taking to get deals over the line. Global economic uncertainty and market volatility triggered by the...
Analysis-Neutral Switzerland leans closer to NATO in response to Russia
Date: May 16, 2022
By John Revill BERN (Reuters) -Switzerland’s fabled neutral status is about to face its biggest test in decades, with the defence ministry tilting closer to Western military powers in response to Russia’s invasion of Ukraine. The defence ministry is drawing up a report on security options that include joint military exercises with NATO countries and...
Soccer – Ronaldo backs Ten Hag to deliver at Manchester United
Date: May 14, 2022
(Reuters) – Manchester United forward Cristiano Ronaldo expressed confidence that incoming manager Erik ten Hag will be a good fit at Old Trafford but warned that the Dutchman must be afforded time if United are to return to winning ways. Speculation has been rife about Ronaldo’s future at United following a trophy-less campaign and their...
Soccer – Chelsea happy to be ‘bad guys’ against Liverpool, says Tuchel
Date: May 14, 2022
(Reuters) – Chelsea manager Thomas Tuchel believes that his side is unlikely to find much support among neutrals when they take on Liverpool in the FA Cup final on Saturday, but said that they do not mind being the “bad guys” as long as they lift the trophy. Tuchel’s comments come days after Manchester City...