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BlackRock to back fewer shareholder resolutions in this AGM season
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Italy industry output flat in March after February jump
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Ukraine’s Odesa douses fires after Russian Victory Day strikes
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Takeaway quits Romania; shares inch up from all-time lows
Swiss to vote on streaming tax, European border agency
Date: May 10, 2022
By Michael Shields ZURICH (Reuters) – Swiss voters decide on Sunday whether to make global video streaming services support Swiss filmmakers and on spending more money on Europe’s Frontex border security agency in a referendum that will test ties with the European Union. In the binding referendum on what is being called “Lex Netflix”, voters...
N.Korea missile launched from sub last week appears same model as last year’s -Japan minister
Date: May 10, 2022
TOKYO (Reuters) – The ballistic missile North Korea launched last week appears to be the same model as the submarine-launched missile Pyongyang tested last October, Japanese Defence Minister Nobuo Kishi said on Tuesday. North Korea fired a ballistic missile from a submarine on Saturday, days before the inauguration of new South Korean President Yoon Suk-yeol...
Travel demand helps Fraport’s Q1 sales but war hurts profits
Date: May 10, 2022
FRANKFURT (Reuters) – Germany airport operator Fraport reported better-than-expected sales on Tuesday as travel demand boomed in the first quarter, but it posted lower-than-expected profits after a writedown related to its St. Petersburg subsidiary. Fraport said its earnings before interests, taxes, depreciation and amortisation (EBITDA) rose 75% to 70.7 million euros ($74.77 million), below the...
Oil drops as economic worries, strong dollar weigh
Date: May 10, 2022
By Florence Tan (Reuters) – Oil prices dropped more than 1% on Tuesday, extending the previous day’s steep declines as coronavirus lockdowns in top oil importer China, a strong dollar and growing recession risks fed worries about the outlook for global demand. Brent crude was down $1.19, or 1.1%, at $104.75 a barrel at 0607...
NATO membership would strengthen Nordic defence, Swedish defence minister says
Date: May 10, 2022
STOCKHOLM (Reuters) – The Nordic region’s defence capabilities would be strengthened if Sweden and Finland joined NATO, allowing joint defence planning within the framework of the alliance, Sweden’s defence minister told Swedish radio on Tuesday. “(If Sweden and Finland join NATO) there will be the effect that we use each others’ strengths and advantages and...
Stablecoin Terra’s broken dollar peg hits wider crypto markets
Date: May 10, 2022
By Alun John HONG KONG (Reuters) – TerraUSD, the world’s fourth-largest stablecoin, lost a third of its value on Tuesday, spooking cryptocurrency investors and partly contributing to bitcoin’s tumble below $30,000 for the first time in 10 months. Stablecoins are digital tokens pegged to the value of traditional assets, such as the U.S. dollar. They...