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By Angelo Amante and Philip Blenkinsop GARMISCH-PARTENKIRCHEN, Germany (Reuters) – G7 leaders have agreed to study placing global price caps on imports of Russian energy to curb Moscow’s ability to fund its invasion of Ukraine and to contribute up to $5 billion to address global food insecurity, officials said on Tuesday. The war in Ukraine …

G7 agrees to study Russian energy price caps, raise $5 billion to tackle hunger Read More »

SINTRA, Portugal (Reuters) – The European Central Bank’s upcoming bond-buying programme will rein in rising borrowing costs for vulnerable euro zone countries while keeping the pressure on their governments to repair their budgets, the ECB’s President Christine Lagarde said on Tuesday. With the ECB closing in on its first interest rate hike in over a …

ECB will keep countries on straight and narrow even if it buys more bonds Read More »

By Devik Jain (Reuters) – European shares rose on Tuesday, led by commodity-linked stocks and automakers after China relaxed its COVID-19 quarantine mandate, with investors eyeing the European Central Bank’s (ECB) annual forum for clues on monetary policies. The continent-wide STOXX 600 index was up 0.7%, rising for a third straight session amid easing concerns …

Commodity stocks lead European shares higher on China COVID relief Read More »

By Tom Sims and Marta Orosz FRANKFURT (Reuters) – Climate activists from Peru to Uganda are descending on Deutsche Bank’s headquarters in Frankfurt this week to call on Germany’s largest lender to stop financing fossil fuel companies. The demand comes as Deutsche Bank markets itself as a lender that firms can turn to as they …

From Peru to Uganda, activists call on Deutsche Bank to drop fossil finance Read More »

LONDON (Reuters) – Investors managing more than $350 billion of assets have demanded that Microsoft publish more transparent tax and financial information, as tech giants face growing scrutiny globally over their tax affairs. A shareholder resolution on tax transparency had been filed to Microsoft ahead of its annual investor meeting this year, said the organiser …

Microsoft faces investor call to publish global tax affairs Read More »

MOSCOW (Reuters) – A Moscow court said it has fined videostreaming service Twitch 2 million roubles ($37,736) in one of several cases expected on Tuesday over alleged failure by foreign companies to localise Russian citizens’ personal data. Moscow has clashed with Big Tech over content, censorship, data and local representation in a simmering dispute that …

Russia fines streaming company Twitch over data storage Read More »

By Lucy Raitano LONDON (Reuters) – The British pound ticked higher against the dollar on Tuesday and was stable against the euro, even amid flaring Brexit-related risks and a murky economic backdrop. After flattish early trading, by 0846 GMT the currency was up 0.16% versus the dollar at $1.22850, and 0.06% lower against the euro …

Sterling holds ground despite Brexit risks and economic woes Read More »

By Gigi Zamora (Reuters) – Airbnb Inc said on Tuesday it will make permanent its ban on parties in homes listed on its platform after seeing a sharp drop in reports of unauthorized gatherings since the prohibition was put in place in August 2020. The company announced seeing a 44% year-after-year drop in the rate …

Airbnb makes ban on parties permanent Read More »

By Boleslaw Lasocki (Reuters) -UK’s FTSE 100 index hit its highest level in more than two weeks on Tuesday, as commodity stocks led the gains after China’s decision to ease some COVID-19 curbs boosted sentiment globally. China slashed the quarantine time for inbound travellers by half, in a major easing of one of the world’s …

FTSE 100 hits over two-week high as China eases COVID curbs Read More »

By Timothy Gardner WASHINGTON (Reuters) – The White House said on Tuesday that companies are planning to invest more than $700 million to boost U.S. manufacturing capacity for electric vehicle (EV) chargers – actions set to add at least 2,000 jobs and make charging more accessible and affordable. The investments include $450 million earmarked by …

White House says companies investing $700 million to boost EV charger production Read More »