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Russia sanctions European gas companies, Polish part of gas pipeline
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Volkswagen to build 800,000 fully-electric cars this year
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UK names LSE academic Dhingra to BoE rate-setting committee
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Analysis-COVID crisis could deepen N.Korea food shortages amid drought warnings
Exclusive-Ukraine will not reopen gas route until it controls pipeline system
Date: May 12, 2022
By Pavel Polityuk KYIV (Reuters) – Ukraine will not reopen the Sokhranovka gas transit route from Russia to Europe until Kyiv obtains full control over its pipeline system, the head of operator GTSOU told Reuters on Thursday. The company on Tuesday declared force majeure citing gas theft by Russia-backed separatists and halted flows via Sokhranovka,...
Putin says West is triggering a global economic crisis
Date: May 12, 2022
(Reuters) -President Vladimir Putin said on Thursday that the West had triggered a global economic crisis and a wave of ruinous inflation by imposing on Russia the most severe sanctions in recent history over the conflict in Ukraine. Putin’s Feb. 24 order of a “special military operation” in Ukraine prompted the United States and its...
UK seeks labour market solutions to ease cost-of-living crisis
Date: May 12, 2022
LONDON (Reuters) -Britain launched a review into its labour market to find ways to ensure workers benefit from Brexit, “Levelling Up” policies and its net zero ambitions, seeking longer-term solutions to a cost-of-living crisis. “Tackling the economic challenges of today means helping more people into high-wage, high-skilled jobs and this review will look at how...
ECB’s Makhlouf says it is time for Governing Council to act
Date: May 12, 2022
DUBLIN (Reuters) – Irish Central Bank Governor Gabriel Makhlouf on Thursday joined a chorus of European Central Bank policymakers calling for the Governing Council to act to tackle inflation, though not necessarily at the same pace as the U.S. Federal Reserve. ECB President Christine Lagarde on Thursday finally threw her weight behind a rise in...
UK police recommend more than 100 fines for Downing Street lockdown breaches
Date: May 12, 2022
LONDON (Reuters) -British police said on Thursday they had now made more than 100 referrals for fines as part of their investigation into lockdown rule-breaking at gatherings held in Downing Street during the COVID-19 pandemic. British Prime Minister Boris Johnson apologised for receiving a fine in April for breaking lockdown rules by attending a gathering...
BT finalises Discovery tie-up in sports broadcasting
Date: May 12, 2022
By Paul Sandle LONDON (Reuters) – BT finalised a deal to combine its sports broadcasting business with Warner Bros Discovery on Thursday, strengthening a customer offer that Chief Executive Philip Jansen said was “hitting the mark” with faster broadband and 5G mobile. Britain’s biggest broadband and mobile provider agreed the terms in time for its...