G7 nations announce Russia gold ban as summit starts under shadow of war

G7 nations announce Russia gold ban as summit starts under shadow of war

Gold ban targets ‘Putin’s war machine’, says British PM Oil import price cap also being discussed, says German source G7 also aims to tackle soaring energy prices SCHLOSS ELMAU, Germany, June 26 (Reuters) – Members of the Group of Seven wealthy nations on Sunday announced a ban on imports of Russian gold as the G7 … Read more

Boris Johnson seeks to stay in power until the mid-2030s

Boris Johnson seeks to stay in power until the mid-2030s

UK’s Johnson does not expect fresh leadership challenge Johnson wants three terms to tackle regional inequality British PM pressured by poll losses after leadership vote PM declines comment on 150,000-pound treehouse for son KIGALI, June 25 (Reuters) – British Prime Minister Boris Johnson said on Saturday he aims to remain in power until the middle … Read more

U.S. new home sales rebound in May; consumer sentiment at record low

U.S. new home sales rebound in May; consumer sentiment at record low

Carpenters work on building new townhomes that are still under construction while building material supplies are in high demand in Tampa, Florida, U.S., May 5, 2021. REUTERS/Octavio Jones/File Photo Register now for FREE unlimited access to Reuters.com Register New home sales rebound 10.7% in May; April data revised up Median house price jumps 15.0% to … Read more

EU plans for life without Russian gas amid inflation spike

EU plans for life without Russian gas amid inflation spike

‘The notion of cheap energy is gone,’ Latvian PM says Inflation in euro zone has shot to all-time highs Germany warns some industries may have to close this winter BRUSSELS, June 24 (Reuters) – EU leaders on Friday warned that “cheap energy is gone” and agreed to boost preparations for further cuts in Russian gas, … Read more

Stocks temper their inflation expectations on copper pounding

Stocks temper their inflation expectations on copper pounding

S&P futures up 0.9%, European stocks gain 1.5% MSCI world stocks eyeing 2.5% weekly rise Copper falls more than 7% on week, oil down 2% German 10-year bond yields drop 4 bps LONDON, June 24 (Reuters) – World stocks headed for their first weekly gain in a month and Wall Street was set to open … Read more

Germany triggers gas alarm stage, accuses Russia of ‘economic attack’

Germany triggers gas alarm stage, accuses Russia of ‘economic attack’

West, Russia in energy standoff since Ukraine invasion German minister warns of ‘rocky road’ ahead Minister does not rule out gas rationing Says market threatened by ‘Lehman Brothers’ moment Alarm stage decision does not change status quo: E.ON BERLIN, June 23 (Reuters) – Germany triggered the “alarm stage” of its emergency gas plan on Thursday … Read more

Bulgarian government loses no-confidence vote, early elections loom

Bulgarian government loses no-confidence vote, early elections loom

Disputes over fiscal policy as inflation soared Government had strong NATO stance Petkov hopes for defections to form new government SOFIA, June 22 (Reuters) – A no-confidence vote on Wednesday toppled Bulgaria’s government and Prime Minister Kiril Petkov, who had pledged to tackle corruption and took an unusually strong stance against Russia. Opposition lawmakers brought … Read more

Saudi crown prince, Erdogan meet in Turkey with ‘full normalisation’ in sights

Saudi crown prince, Erdogan meet in Turkey with ‘full normalisation’ in sights

Ankara halted Khashoggi murder trial to warm ties Official says talks going slow on possible FX swap line Erdogan faces tough elections with economy strained ANKARA, June 22 (Reuters) – Saudi Crown Prince Mohammed bin Salman arrived in Turkey for the first time in years on Wednesday for talks with President Tayyip Erdogan aimed at … Read more

Stock rally fizzles on revived inflation fears

Stock rally fizzles on revived inflation fears

Employees of the foreign exchange trading company Gaitame.com work in front of monitors showing the Japanese yen exchange rate against the U.S. dollar, the euro and Nikkei share average at its dealing room in Tokyo, Japan June 22, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register TOKYO, June 22 (Reuters) – … Read more

Anticipating U.S. downturn, Elon Musk details Tesla staff cuts

Anticipating U.S. downturn, Elon Musk details Tesla staff cuts

DOHA, June 21 (Reuters) – Elon Musk, CEO of Tesla (TSLA.O), said a 10% cut in salaried staff at the electric car maker will happen over three months, as the world’s richest man predicted a U.S. recession was more likely than not. His remarks were his most detailed explanation of job cut plans and his … Read more