(Updates prices, adds comment) By Hannah Lang WASHINGTON (Reuters) – The euro recovered on Thursday from a two-week low against the dollar, which sputtered after fresh inflation data showed U.S. consumer spending rose less than expected in May. Consume…
Russia abandons Black Sea outpost of Snake Island in victory for Ukraine
By Max Hunder and Tom Balmforth KYIV (Reuters) -Russian forces abandoned the strategic Black Sea outpost of Snake Island on Thursday in a victory for Ukraine that could loosen the grip of Russia’s blockade on Ukrainian ports. Russia said it had decided…
ECB’s Holzmann tells paper he would have preferred faster action on rates
VIENNA (Reuters) – European Central Bank policymaker and fiscal hawk Robert Holzmann would have preferred earlier action on interest rates than the ECB’s current plan to raise them in July for the first time in more than a decade, he said in remarks pu…
Soccer-England cruise past Switzerland in final Euros warm-up
(Reuters) – Four second-half goals led England to a 4-0 away win over Switzerland on Thursday, in what was Sarina Wiegman side’s last test ahead of the Women’s European Championship starting next week. England struggled to find the back of the net in t…
Shell pauses sale of Nigerian onshore oil assets
By Ron Bousso LONDON (Reuters) – Shell said on Thursday it had suspended plans to sell its onshore oil assets in Nigeria, complying with a Supreme Court ruling that said it had to wait for the outcome of an appeal over a 2019 oil spill. “Shell welcomes…
EU countries, lawmakers agree on rules to curb subsidised foreign companies
BRUSSELS (Reuters) – EU countries and EU lawmakers on Thursday agreed on rules to curb acquisitions or bids for public contracts by subsidised foreign companies in a bid to ensure a level playing field, the European Parliament said. The European Commis…
Russia scolds British ambassador over ‘offensive’ UK comments on nuclear weapons
LONDON (Reuters) -Russia said on Thursday it had summoned the British ambassador to voice a strong protest against “offensive” British statements, including about alleged Russian threats to use nuclear weapons. The Russian Foreign Ministry said a stron…
Biden sending more weapons to Ukraine as NATO prepares for long fight
By Andrea Shalal, Aislinn Laing and Robin Emmott MADRID (Reuters) -President Joe Biden said on Thursday the United States will provide another $800 million in weapons and military aid to Ukraine, hailing the courage of Ukrainians since Russia invaded i…
Exclusive: Europe ready for Baltics emergency switch-off from Russian grid
By Andrius Sytas and Marek Strzelecki VILNIUS/WARSAW (Reuters) – European grid operators are ready to implement immediately a long-term plan to bring the Baltic states, which rely on the Russian grid, into the European Union system in the event Moscow …
Motor racing-Fashion Brand Hugo Boss returns to F1 with Aston Martin
By Alan Baldwin LONDON (Reuters) -German fashion brand Hugo Boss announced on Thursday it was returning to Formula One with the Aston Martin team, five years after leaving for the electric Formula E series. The deal, announced at the British Grand Prix…