BRUSSELS (Reuters) -The EU failed on Sunday to agree on an embargo of Russian oil, but diplomats but will still try to make progress ahead of a Monday-Tuesday summit on an exemption for pipeline deliveries to landlocked Central European countries, officials said. However, a senior EU diplomat said there was “still too much detail to …
EU fails to agree on Russia oil embargo, to try again Monday before summit Read More »
LONDON (Reuters) – The charity that sets Britain’s “real living wage”, a voluntary pay rate adopted by thousands of employers, said on Sunday it will bring forward the announcement for the 2022/23 rate to September from November because of high inflation. The Living Wage Foundation said it would encourage employers to pay the new rate, …
High UK inflation hastens ‘real living wage’ announcement Read More »
GENEVA (Reuters) -Efforts by Switzerland to refresh its free trade agreement with China have stalled as Bern takes a more critical view of Beijing’s human rights record, Swiss newspapers reported on Sunday. Switzerland and China signed a free trade agreement in 2013, Beijing’s first such deal with an economy in continental Europe. The move was …
China-Swiss trade talks stall over rights issues – newspapers Read More »
By Giuseppe Fonte and Valentina Za ROME (Reuters) – Italy is considering tightening a state guarantee scheme designed to help banks shed bad debts while weighing its extension to cushion the hit from the Ukraine war and the pandemic, according to people familiar with the matter. Since its 2016 launch, the ‘GACS’ scheme has helped …
Exclusive: Italy eyes tighter terms in bad loan scheme extension Read More »
BELGRADE (Reuters) – Serbian President Aleksandar Vucic said on Sunday he had agreed a new three-year gas supply contract in a phone call with Russian President Vladimir Putin. “I can not speak about the price now, all details will be agreed with Gazprom,” Vucic told reporters. Vucic said that Serbia he had agreed with Putin …
Serbia’s Vucic says agreed 3-year gas supply contract with Putin Read More »
MILAN (Reuters) – Italy’s business lobby Confindustria forecasts an almost 2% hit on the country’s gross domestic product (GDP) on average per year in 2022 and 2023 in case of a stop of natural gas imports from Russia in June, it said in a research note. “A halt of gas imports from Russia could have …
Business lobby sees 2% hit on Italy’s GDP if Russia stops gas Read More »
(Reuters) – Russian President Vladimir Putin told the leaders of France and Germany in a phone call on Saturday that Russia was willing to discuss ways to make it possible for Ukraine to resume shipments of grain from Black Sea ports, the Kremlin said. Russia and Ukraine account for nearly a third of global wheat …
Putin says he’s willing to discuss resuming Ukrainian grain shipments Read More »
LONDON (Reuters) – Low-cost carrier easyJet is to cancel more than 200 flights over the next 10 days due to airport delays and other restrictions, disrupting travel during the school holidays. The European airline has been hit by a string of problems since the removal of COVID restrictions led to a rebound in travel, with …
By Davide Barbuscia and Sujata Rao NEW YORK/LONDON (Reuters) – Russia is on the cusp of a unique kind of debt crisis which investors say would be a first time a major emerging market economy is pushed into a bond default by geopolitics, rather than empty coffers. Until the Kremlin launched an attack on Ukraine …
Analysis-Russia’s ‘political’ debt default sets emerging market precedent Read More »
BERLIN (Reuters) – Germany’s main engineering industry association has scrapped its 2022 production forecast, saying even a reduced estimate it made in March would no longer be met, according to a media report. Inflation, COVID lockdowns in China and supply chain disruptions were compounding a broader economic slowdown, VDMA President Karl Haeusgen told the Welt …
German engineering body scraps 2022 outlook – report Read More »
