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Denmark hikes economic growth forecast despite war, inflation
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Apple supplier Foxconn sees challenges ahead in China COVID curbs, inflation
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N.Korea reports first COVID outbreak, orders lockdown in “gravest emergency”
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In U-turn, IEA sees world weathering lost Russian oil supply
Deliveroo’s UK riders win collective bargaining rights under union deal
Date: May 12, 2022
(Reuters) – Deliveroo said on Thursday it has signed an agreement with trade union GMB to give the food delivery firm’s 90,000 self-employed riders in Britain the rights to collective bargaining on pay and consultation on benefits. The British company said a pay floor will be guaranteed to riders as part of the deal and...
The inflation quirk that is costing Spain billions
Date: May 12, 2022
By Belén Carreño and Sergio Goncalves MADRID/LISBON (Reuters) – Surging energy prices pushed Spanish inflation to a peak of just under 10% in March, the highest in the euro area and nearly double the 5.3% in neighbouring Portugal – despite the fact the two Iberian economies share a wholesale electricity market. The disconnect lies in...
Russian troops ill-prepared for Ukraine war, says ex-Kremlin mercenary
Date: May 12, 2022
NEUILLY-SUR-SEINE, France (Reuters) -The Russian military’s failure to seize the Ukrainian capital was inevitable because in the preceding years they had never directly faced a powerful enemy, according to a former mercenary with the Kremlin-linked Wagner Group who fought alongside the Russian army. Marat Gabidullin took part in Wagner Group missions on the Kremlin’s behalf...
Asian economic powers warn of risks from war, monetary policy normalisation
Date: May 12, 2022
By Tetsushi Kajimoto TOKYO (Reuters) -East Asian economic leaders warned on Thursday of risks to the region’s outlook and pledged to remain committed to market stability and sound fiscal policy. Economic risks included unexpectedly early rises in interest rates “in some advanced nations”, runaway inflation and supply chain disruption on top of the war in...
Proxy advisers split over vote on Leonardo CEO liability action
Date: May 12, 2022
(Refiles to clarify board’s position on matter in penultimate paragraph) MILAN (Reuters) -Proxy advisers ISS and Glass Lewis were split over whether shareholders at Italian defence group Leonardo should vote against a request to start a liability action against CEO Alessandro Profumo, documents showed. In 2020, Profumo was sentenced in the first instance to six...
EXPLAINER- Finland, Sweden on verge of applying to join NATO
Date: May 12, 2022
STOCKHOLM/HELSINKI (Reuters) – Russia’s invasion of Ukraine has pushed Finland and Sweden to the verge of applying for NATO membership. Finnish President Sauli Niinisto and Prime Minister Sanna Marin said on Thursday that Finland – which shares a 1,300-km (810-mile) border with Russia – must apply to join NATO “without delay”. “We hope that the...