By Sruthi Shankar and Susan Mathew (Reuters) -European stocks jumped 2.6% on Friday, pushing them into positive territory for the week as investors started to scale back central bank tightening bets, spurring inflows into risky assets. The pan-European…
Britons, shaken by cost-of-living squeeze, cut back on shopping
By William Schomberg LONDON (Reuters) -British consumers cut back on shopping in May in the face of fast-rising inflation, and a measure of their confidence sank to a record low this month, according to data that underscored the scale of the cost-of-li…
Stellantis production stoppages in France linked to Continental -paper
PARIS (Reuters) – Current production stoppages at two Stellantis auto plants in France stem from shortages in components from German supplier Continental, business daily La Tribune reported on Friday. “According to our information, the German automotiv…
Russian military cargo plane crashes, killing three -Ifax
(Reuters) -An Ilyushin Il-76 military cargo plane crashed and caught fire while landing near Russia’s western city of Ryazan on Friday, killing three of the nine people on board, the Interfax news agency said. Six were injured, Interfax added in the re…
Fiat owner Stellantis to invest $52 million in Vulcan Energy for 8% stake
(Reuters) – Vulcan Energy Resources said on Friday Dutch automaker Stellantis NV would buy an 8% stake for A$76 million ($52.49 million), sending the lithium miner’s shares more than 24% higher. Australia-headquartered Vulcan will issue about 8.5 milli…
European banks ace U.S. Fed’s stress test, show strong capital levels
By Michelle Price and Sinead Cruise WASHINGTON/LONDON (Reuters) -The U.S. units of major European lenders including Deutsche Bank, Barclays and Credit Suisse sailed through the Federal Reserve’s annual “stress tests” on Thursday, showing they hold enou…
UK consumer gloom hits record as economic misery mounts – GfK
By William Schomberg LONDON (Reuters) – Confidence levels among Britain’s consumers sank to a new record low this month as households struggled with the accelerating cost of living and faced the prospect of months of strikes, a survey showed on Friday….
UK PM Johnson’s Conservatives brace for by-election setback
By Alistair Smout LONDON (Reuters) – Boris Johnson’s Conservative party faces voters in two very different parliamentary seats on Thursday, an election test that, if lost, could renew speculation about the British prime minister’s future after months o…
Cricket-Mitchell and Blundell lead New Zealand fightback
LEEDS, England (Reuters) -Daryl Mitchell and Tom Blundell again proved thorns in England’s side as they helped New Zealand recover from a freakish stroke of misfortune to end the first day of the third and final test on 225 for five on Thursday. New Ze…
EU grants Ukraine candidate status, ‘beginning a long journey together’
By Sabine Siebold and Ingrid Melander BRUSSELS (Reuters) -European Union leaders on Thursday granted Ukraine the coveted status of official candidate to join their 27-nation club, a bold geopolitical step hailed by Kyiv and the EU itself as a “historic…