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EU governments, lawmakers agree on tougher cybersecurity rules for key sectors
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Euro falls back towards 2017 lows on Russian energy crisis
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ECB’s Centeno sees rate hike in early July
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Prince William and wife Kate take over UK airwaves to fight loneliness
Global equity funds see massive outflows on slowdown fears
Date: May 13, 2022
(Reuters) – Global equity funds witnessed a surge in outflows in the week ended May 11, as fears of an economic slowdown and further tightening by major central banks to tame stubborn inflation spooked investors. In a fifth straight week of net selling, investors liquidated global equity funds worth $10.53 billion, compared with just $1.65...
Soccer-Nike ends sponsorship deal with Spartak Moscow
Date: May 13, 2022
(Reuters) -Nike has terminated its sponsorship deal with Russian Premier League club Spartak Moscow because they will not be taking part in European competitions next season, the company and the club said. UEFA, the governing body of European soccer, decided Russia would have no affiliated teams participating in its club competitions in the 2022-23 season...
Battered sterling gets respite but set for weekly fall vs dollar
Date: May 13, 2022
By Lucy Raitano LONDON (Reuters) – Britain’s pound edged up against the dollar on Friday, offering some respite from a week of selling that pushed the currency to two-year lows. By 0835 GMT, the pound was up 0.21% at $1.2216, a day after falling to a fresh two-year low of $1.2165 as a slew of...
London stocks recover; set for weekly drop as slowdown, inflation fears linger
Date: May 13, 2022
By Bansari Mayur Kamdar (Reuters) -UK’s FTSE 100 recouped losses on Friday towards the end of a volatile week, led by defensive stocks, but investor concerns over stubborn inflation and economic slowdown set the benchmark index towards its second consecutive weekly loss. The blue-chip FTSE 100 rose 1.4% in early trade, tracking an overnight relief...
European stocks find support at end of volatile week
Date: May 13, 2022
(Reuters) -European shares rose on Friday, as sentiment stabilised at the end of a volatile week dominated by worries about aggressive monetary policy tightening and slowing global growth. The pan-European STOXX 600 index rose 1.3%, with banks and technology stocks leading early gains. Global markets, particularly U.S. stocks, have gyrated wildly this week as investors...
N.Ireland’s DUP says it will block province’s new legislature
Date: May 13, 2022
By AMANDA FERGUSON BELFAST (Reuters) – Northern Ireland’s Democratic Unionist Party on Friday said it would block the election of a speaker for the Northern Ireland Assembly, in a move that would shut down the British-run province’s newly elected legislature. In a statement to the News Letter, a Northern Irish newspaper, party leader Jeffrey Donaldson...