By Mohammad Yunus Yawar and Sayed Hassib GAYAN, Afghanistan (Reuters) -Aid began arriving on Thursday in a remote part of Afghanistan where an earthquake killed 1,000 people, with Taliban officials saying the rescue operation was almost complete. The m…
Traders scale back peak interest rate bets as recession fears grip
By Yoruk Bahceli (Reuters) – Traders are slashing their bets on how far central banks will be able to lift interest rates this cycle, reflecting growing fears in financial markets of economic slowdown or even outright recession. Data on Thursday showed…
Stellantis to halt Melfi plant again due to chip shortage
MILAN (Reuters) -Carmaker Stellantis will stop operations at its key Melfi plant in southern Italy from late June 28 to July 2 due to a “structural” shortage of semiconductors, the UILM union said on Thursday. A spokesman for the Italian-French carmake…
Ukrainian troops may pull back from Lysychansk front line to avoid encirclement -governor
KYIV (Reuters) -Ukrainian troops may need to pull back from the key frontline city of Lysychansk to avoid being encircled after Russian forces captured two villages to its south, regional governor Serhiy Gaidai said on Thursday. The retreat of Ukrainia…
LME appoints Oliver Wyman to review events that led to nickel suspension
LONDON (Reuters) -The London Metal Exchange said on Thursday it had appointed Oliver Wyman to carry out an independent review of events that led to the suspension of nickel trading in March. The exchange suspended nickel trading on March 8 after prices…
Italy’s De Nora family to hold controlling stake in group after IPO
MILAN (Reuters) – Italy’s De Nora family will keep a controlling stake in their electrode-making company which aims to list next week while gas grid operator Snam will hold a “relevant” share, De Nora Industrie Chief Financial Officer Matteo Lodrini sa…
UK PM Johnson is unlikely to bring up deportation strategy with Prince Charles – spokesman
KIGALI (Reuters) – British Prime Minister Boris Johnson is unlikely to bring up his government’s immigration partnership with Rwanda when he meets Prince Charles on Friday, Johnson’s spokesman said on Thursday. “It is not something that the prime minis…
EU, Norway agree to increase gas deliveries as Russian cuts deepen
By Kate Abnett and Nora Buli BRUSSELS/OSLO (Reuters) – The European Union and Norway agreed on Thursday to cooperate to bring more gas from western Europe’s biggest producer to the EU’s 27 countries, nearly half of which are now grappling with cuts to …
ECB’s Nagel: Rise in inflation expectations ‘worrying’
FRANKFURT (Reuters) – German inflation expectations are showing a worrisome rise, putting price stability at risk, so timely European Central Bank rate hikes are needed to avoid even bigger policy moves later, Bundesbank President Joachim Nagel said on…
No signs in France of wage-price spiral – central bank survey
PARIS (Reuters) – French businesses do not for now see the makings of a wage-price spiral despite high inflation expectations, the country’s central bank said on Thursday, drawing on the findings of a quarterly survey. With inflation surging worldwide,…