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Top StoriesUK Police Issue 126 Fines as Downing Street ‘partygate’ Inquiry Ends
Top StoriesMoney for Ukraine Tops G7 Agenda; Inflation, Food a Concern
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Top StoriesUK Police Recommend More Than 100 Fines for Downing Street Lockdown Breaches
Sri Lanka Gives Emergency Powers to Military, Police After Clashes Kill Seven
Date: May 10, 2022
By Alasdair Pal and Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka gave emergency powers on Tuesday to its military and police to detain people without warrants, after a day of clashes that killed seven people and injured more than 200, in violence that prompted Prime Minister Mahinda Rajapaksa to resign. As the Indian Ocean nation battles...
Germany Prepares Crisis Plan for Abrupt End to Russian Gas – Sources
Date: May 10, 2022
By John O’Donnell BERLIN (Reuters) -German officials are quietly preparing for any sudden halt in Russian gas supplies with an emergency package that could include taking control of critical firms, three people familiar with the matter told Reuters. The preparations being led by the Ministry for Economic Affairs show the heightened state of alert about...
Italy Sets Aside More Money to Boost Capital at Monte Dei Paschi – Sources
Date: May 5, 2022
By Giuseppe Fonte ROME (Reuters) – Italy is beefing up a 1.5-billion-euro ($1.6 billion) money pot destined for state-owned bank Monte dei Paschi di Siena (MPS), three sources close to the matter said, adding it was still unclear by how much it would increase it. The sources said that MPS would get part of 925...
Bosnia Calls Oct. 2 Election Despite Rows Over Electoral Reform, Funding
Date: May 4, 2022
By Daria Sito-Sucic SARAJEVO (Reuters) -Bosnia will hold presidential and parliamentary elections on Oct. 2, the electoral commission said on Wednesday, although rival ethnic leaders have failed to agree on electoral reforms and the government has still not secured funding for the vote. Nearly 3.4 million registered voters will elect Croat, Serb and Bosniak members...
Margin Calls Hamper European Gas Price Discovery – Rwe
Date: May 4, 2022
AMSTERDAM (Reuters) – The high cost of margin calls has driven participants from the European gas market, cutting liquidity and making it harder to determine a price, the head of German utility RWE’s trading unit told an industry conference in Amsterdam on Wednesday. “There’s not sufficient liquidity in the market in order to absorb the...
Italy’s Draghi Calls for Common EU Response to Energy Costs
Date: May 3, 2022
By Angelo Amante and Giuseppe Fonte ROME (Reuters) – Italian Prime Minister Mario Draghi called on the European Union on Tuesday to tackle surging energy costs, saying it should adapt schemes deployed to handle the COVID-19 epidemic to the impact of the Ukraine conflict. In an address to the European Parliament in Strasbourg, Draghi said...