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Top StoriesBiden Sends All-Star Team to Uae, Aiming to Repair Frayed Ties
Top StoriesTurkey Must Keep Diplomatic Balance for Peace Talks -Erdogan Adviser
Top StoriesAnalysis-Neutral Switzerland Leans Closer to NATO in Response to Russia
Top StoriesRussia Advises Against Travel to UK Because of ‘unfriendly’ Visa Stance
Barclays Warns of Sub-Parity Euro, 5 Ppt GDP Hit if Russia Turns Off Gas Taps
Date: May 13, 2022
By Marc Jones LONDON (Reuters) – Analysts at Barclays have warned of a 5 percentage point hit to euro zone GDP and a dive below dollar parity for the euro if Russia closes its gas taps as part of the escalating war in Ukraine. Worries are mounting in Europe that Moscow could sharply reduce the...
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...
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...
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...
Russia Warns West Over Risk of Conflict With NATO
Date: May 12, 2022
LONDON (Reuters) – One of President Vladimir Putin’s closest allies warned the West on Thursday that the increasing military support given to Ukraine by the United States and its allies risked triggering a conflict between Russia and the NATO military alliance. Former president Dmitry Medvedev, now deputy chairman of Russia’s security council, said such a...
Weakening Economic Data Sends Sterling to New Lows Against Dollar and Euro
Date: May 12, 2022
By Joice Alves (Reuters) – Sterling fell to a fresh two-year low versus a strengthening U.S. dollar on Thursday after a slew of economic data pointed to the weakening of the economy. Britain’s economy unexpectedly shrank 0.1% in March after a slump in car sales due to supply-chain problems. Data also showed British employers added...